Wednesday’s Stock Market Open: US Equities Rise On Goldman Sachs Superb Results, Moderna Vaccine News
US stocks rose on Wednesday after Goldman Sachs’ posted extraordinary results
Goldman Sachs’ Second Quarter Results Shatters Analysts’ Expectations As Trading Business Surges
Goldman recorded earnings of $6.26 per share on revenue of $13.3 billion
Tuesday’s Stock Market Close: US Equities Rise As Dow Surges 557 Points, Nasdaq Underperforms, Yields Drop
U.S. stocks finished higher on Tuesday as the second quarter earnings season got underway.
Virgin Atlantic Secures $1.5 Billion Rescue Deal As Carrier Prepares To Restart Flights Next Week
Virgin Group will keep its 51% controlling stake in the airline
Big US Banks Kick Off Second Quarter Earnings Season With Lower Profits, Large Loan Loss Reserves
While JPMorgan Chase and Citigroup posted better-than-expected second-quarter earnings, Wells Fargo reported its first quarterly loss since the darkest days of the recession.
Wells Fargo Records First Quarterly Loss Since 2008, Slashes Dividend
Wells Fargo is struggling under punitive government rules arising from a 2016 fake account scandal
Citigroup’s Second Quarter Profit Plunges 73%, But Still Beats Analysts’ Forecasts
Citigroup prepares for a wave of expected loan defaults
UK Economy Rebounded Less Than Expected In May, Suggesting Longer Recovery Period
The U.K.'s economy rebounded less than expected in May, growing only 1.8% over the prior month, suggesting that the relaxation of the national lockdown did not have a strong impact.
Tuesday’s Stock Market Open: US Equities Slip As Big Banks Release Second Quarter Earnings
US stocks opened lower on Tuesday as JPMorgan Chase posted better-than-expected earnings
JP Morgan Chase Posts Better Than Expected Second Quarter Earnings
Trading revenues boosted the bank’s results.
Monday’s Stock Market Close: US Equities Finish Mixed In Volatile Trading Session, Erasing Earlier Gains
US stocks closed mixed on Monday as Nasdaq tech rally petered out
Tesla Shares Continue To Surge Amid Speculation Stock Will Soon Join S&P 500 Index
Tesla is now the world’s most valuable automaker
European Stocks Jump On Covid-19 Vaccine Hopes Ahead Of ECB Meeting
Major European indexes climbed by at least 1.3% on Monday
Google To Invest $10 Billion In Growing Indian Digital Market
Blocked out of China, Google sees India as its biggest potential growth market.
Credit Suisse Group May Cut Hundreds Of Jobs
Credit Suisse shares have dropped about 25% this year
Monday’s Stock Market Open: US Equities Rise Despite Record Spike In Covid-19 Infections In Florida
US stocks rose on Monday as the tech sector celebrated a huge merger among chipmakers
Use Of ‘Digital Twins’ May Help US Corporations Deal With The Next Crisis, Says Siemens USA CEO
The CEO of Siemens USA said companies should keep libraries of “digital files” or “digital blueprints” of critical physical items, like medical devices and pharmaceuticals, that would be required in an emergency.
Friday’s Stock Market Close: US Equities Rise On New Hopes For Covid-19 Vaccines
US stocks rose on Friday although Trump said US relationship with China has been damaged.
US Prepares To Defer Tariffs On French Goods If France Refrains From Digital Taxes on US Tech Firms
The US determined that the digital taxes discriminate against US companies
UK Economy In Steep Decline: Is It Becoming An Emerging Market?
Investors watch Britain's tailspin -- and brace for what might be the inevitable.
Goya Foods Faces Boycott Threat After CEO Praises Donald Trump
Goya Foods was founded in 1936 by immigrants from Spain
Banking Giant Wells Fargo May Be Preparing To Cut Tens Of Thousands Of Jobs
Wells Fargo has been besieged by mounting loan loss provisions
Friday’s Stock Market Open: US Equities Modestly Higher Although Covid-19 Cases Spike
U.S. stocks opened slightly higher on Friday as Biden calls for end to shareholder capitalism.
Thursday’s Stock Market Close: US Equities Finish Mixed, With Nasdaq Again Beating Broader Market, Yields Plunge
U.S. stocks finished mixed on Thursday as 1.31 million Americans filed jobless claims last week
Prosecutors In Germany Probing Wirecard For Possible Money Laundering
Wirecard filed for insolvency last month.
How Many More Luckin Coffees? SEC To Discuss Listed Chinese Firms' Lax Accounting Standards, Fraud
The government has pushed legislation to make it harder for Chinese companies to list on U.S. exchanges
Burger King May Cut Up To 1,600 Jobs In UK As Pandemic, Rents Pressure Chain
Burger King warned it may have to permanently close up to 10% of its U.K. stores
Thursday’s Stock Market Open: US Equities Mixed Despite Better Than Expected Jobless Claims Data
U.S. stocks were mixed on Thursday as 1.31 million Americans filed jobless claims last week
UK Retailers Boots, John Lewis To Cut More Than 5,000 Jobs As Pandemic Decimates Sales
Both retailers plan to close dozens of locales
Wednesday’s Stock Market Close: US Equities Rise Despite Climbing US Covid-19 Cases, Tech Outpaces Broader Market
U.S. stocks gained on Wednesday as traders pondered how covid-19 infections will delay business reopenings