May 29, 2020 6:46 am
On Thursday, General Electric’s shares dropped 3.2%, following the warnings of bigger cash burn for the second quarter of 2020. The CEO of the company, Larry Culp, stated at an investors conference that the aviation division of General Electric was severely damaged due to the pandemic crisis. This is why it came as no surprise […]
Read moreMay 28, 2020 1:08 pm
The social media stocks will be one of the investors’ main focuses in Thursday trading. Following President Trump’s statement for signing an executive order against social media companies, Twitter’s stock declined 2.7% in premarket trading. The executive order is due to be signed on Thursday and it targets social media companies like Twitter and Facebook. […]
Read moreMay 28, 2020 8:08 am
Wall Street stocks rose in Wednesday trading, with the financial and industrial sectors leading the jump in shares. JPMorgan Chase & Co. was among the top performers on Wednesday, with shares going up 4%. Bank stocks surged significantly as investors were motivated by the hope for recovery that sprung up after businesses started reopening. In […]
Read moreMay 27, 2020 12:49 pm
On Wednesday, the European stocks rose as investors hoped that the European Union would soon introduce a massive stimulus recovery plan. Airlines ranked as the top performers in Wednesday trading and the Stoxx Europe 600 Index rose 0.3% to 350.21. The shares of the Anglo-Spanish airline company, International Airlines Group (IAG), jumped 5%. Meanwhile, TUI […]
Read moreMay 27, 2020 8:09 am
Sanofi’s shares closed lower in Tuesday trading despite the recent deal for selling its shares in the U.S. biotechnology company Regeneron. Sanofi will earn about $13 billion after selling a huge part of its 20.6% stake in Regeneron. Despite that, the company’s shares dropped 1% on Tuesday, along with other healthcare companies’ stocks. On Monday, […]
Read moreMay 26, 2020 1:20 pm
After the holidays in the U.K., the European travel stocks rose on Tuesday as Spain decided to welcome foreign tourists. The multinational travel and tourism company, TUI Group, was also among the best performers with shares surging 35%. The investors were motivated by TUI’s update on resuming flights at the end of June. As the […]
Read moreMay 26, 2020 7:50 am
While Monday trading was not that active as a result of the holidays in the U.K. and the U.S., Germany’s stocks enjoyed quite the jump. This is the highest level that the DAX has reached since the beginning of March. The Pharmaceuticals and Healthcare, Software and Industrials sectors were among the best performers on Monday. […]
Read moreMay 22, 2020 12:46 pm
As the tension between the U.S. and China increases, European stocks dropped in Friday trading. The luxury brand Swatch Group also suffered losses as its shares declined 2.7%. The brand relied on China and Hong Kong for a big portion of its sales. The recent news on a security law in the autonomous region, however, […]
Read moreMay 21, 2020 2:22 pm
Following Best Buy’s report about results for the first quarter of the fiscal 2020, the company’s shares dropped 2% in premarket trading Thursday. Despite the 155% increase in online sales in the U.S., consumer electronics sales plummeted by more than 15%. At the beginning of the pandemic, Best Buy experienced a jump in sales since […]
Read moreMay 21, 2020 8:35 am
While Germany stocks closed higher on Wednesday, one of the worst performers was CTS Eventim AG as its shares were down 7.07% to 34.720. Due to the numerous events that were postponed as a result of the coronavirus pandemic, the earnings and revenue of the company were significantly lower compared to the results of the […]
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