Tag Archives: Market News

The Dow Jones started jumping on Friday after the United States President Donald Trump signed off on the phase one trade deal with China presented to him by trade negotiators during a Thursday meeting at the White House.The agreement includes the delay of extra tariffs that would have been imposed on December 15 and reducing tariffs on $360 billion worth of Chinese imports by half. However, even though it is said that one of the main terms is for China to pledge to purchase large amounts of...

Stocks for popular American auto manufacturer, General Electric (GE) has jumped in response to a bullish rating. In a note to investors, UBS financial services company analyst Markus Mittermaier promoted GE stock from a Hold to Buy rating, also increasing his target estimate by about 26% from $11.50 to $14. In response, on Wednesday, GE stock climbed by about 1% as Mittermaier said in the note that he believes “the stock is at a positive inflection point into 2020.”So far in 2019, GE has...

Shares of now pretty infamous exercise equipment company Peloton have been sinking lower this month, after in November just before the holidays they’ve witnessed a 48% bounce. This high-end fitness specialist had a great IPO and broke through it in October. However, this success hasn’t continued in December and most of its failure can be thanked – to a commercial. I guess we’ve all seen it, the commercial where already slender “wife” gets a Christmas present form her husband and she then...

Saudi oil giant Aramco has achieved the target valuation goal of $2 trillion in the second day of trading. Sources indicate that shares reached Crown Prince Mohammed Bin Salman’s target briefly humped by 10% to 38.7 riyals but it returned to previous levels of 37 riyals as the market opened. Pundits had long since been skeptical about the feasibility of the Saudi Aramco IPO before now. Sources further indicate that about 1.5% of the total value of the state-owned oil giant was listed earlier...

As the year is coming to an end, the Android community seems to be more and more eager for the upcoming Samsung Galaxy S11, and we already have plenty of details about it as well.The implied design of the new phone has, of course, already leaked, with some of them even claiming that there might be five different S11 versions, including Galaxy S11e and Plus flavors. The look will be similar but camera systems on the back should be different.What we officially know is that Snapdragon 865...

Pre-orders for Apple’s new Mac Pro desktop computer officially began yesterday. The Mac Pro which was initially announced at the Apple Worldwide Developers Conference (WWDC) in June is priced at $5,999 for the desktop unit alone. Unlike many desktop computers especially with Windows, the Mac Pro’s 6k Pro Display XDR monitor is sold separately for an interesting $4,999, pushing the price of both units up to $11,000. However, this price seemingly only gets you the bare minimum and if you want...

General Motors has introduced the new versions of its best-selling models the Chevrolet Tahoe and the Suburban SUVs. Sources indicate that the new versions of the popular models are larger than previous ones with a whole lot of technology and new features that combine both safety and comfort. Industry pundits have indicated that the profits made from the sales of these two models will propel the automaker to complete the self-driving cars and electric vehicles which include the 20 planned to...

The IPO of Saudi Aramco was probably one of the most hotly-anticipated companies’ initial public offerings this year. And it has really met the expectation of many (and even gone beyond).The shares of Aramco have surged after it. As a result, the valuation of this world-famous oil producer hit a record of $1.88 trillion. These figures have taken the stock market of Saudi Arabia to the position of the largest in the world.In early deals in Riyadh, the stock of the company increased to 35.2...

Google’s parent company Alphabet, has announced that it has added Nobel laureate Frances Arnold to its board of directors. Arnold who received 2018’s Nobel Prize in Chemistry, is now the third woman on the tech giant’s board.In a tweet posted yesterday by Alphabet CEO Sundar Pichai, Arnold will be bringing her “incredible academic and industry expertise with a career spanning chemistry, engineering, renewable energy and more,” to the company.I’m thrilled to welcome @francesarnold to the...

Now we know that Morgan Stanley is one of the financial behemoths that we don’t want to mess with when they give an opinion. So many pundits in the aviation sector paid close attention when Morgan Stanley gave indications that Virgin Galactic’s stocks will soar after it gave the stock of the aviation upstart higher ratings than many pundits thought necessary. The investment behemoth’s analyst Adam Jonas explained this position:“A viable space tourism business is what you pay for today… but a...