June 11, 2020 1:02 pm
Shares in Lufthansa dipped 8.8% in Thursday trading after the company admitted that it will lay off a significant part of its workforce. Although airlines started resuming some of their flights as pandemic restrictions are being lifted, the Germany-based air carrier is struggling to revive its services. Due to the current economic uncertainty and the […]
Read moreJune 11, 2020 7:53 am
Wednesday was a mixed day for US stocks with some companies gaining and others losing points. One of the top performers was Microsoft Corporation, with shares jumping 3.71% or 7.04 points to trade at 196.84 at the close of the trading session. On Wednesday, the company’s shares rose to a record high, surpassing $1.5 trillion. […]
Read moreJune 10, 2020 12:56 pm
European stocks opened higher on Wednesday, with most investors showing interest in the banking sector. Meanwhile, the shares of the fashion giant Inditex were trading flat at the beginning of the Wednesday session. The reason for that was the company’s first-quarter earnings report. The Spanish fashion giant reported a net loss of €409 million ($465 […]
Read moreJune 10, 2020 7:53 am
Among the US stocks, the Technology sector was one of the well-performing sectors on Tuesday. The biggest jump was for Apple’s stock, which closed 3.16% or 10.53 points. As businesses started resuming their usual activities, investors felt hopeful for the recovery of the economy. Apple announced a new trade-in program for its customers who will […]
Read moreJune 9, 2020 12:53 pm
BP’s stock declined 1.1% in Tuesday trading after the oil company announced its plan to lay off 10,000 employees worldwide. The company reached this decision after the global demand for crude dropped during the pandemic crisis. Even though BP paused redundancies during the peak of the pandemic, on Monday, the company announced that it will […]
Read moreJune 9, 2020 8:03 am
Tesla’s stock gained 5.4%, or $933.44 a share in Monday trading, marking a record high for the electric carmaker. The jump in shares followed the news of increased sales of Tesla’s Model 3 vehicle in China last month. Compared to the results for April of 3,635 sold vehicles, the sales in May almost tripled, with […]
Read moreJune 8, 2020 2:40 pm
Hertz’s stock rose 25% in Monday premarket trading, continuing the company’s jump from the previous week. Investors predict that the stock will open higher than its closing price of $2.84 on May 22. This was the trading session after which Hertz Global Holdings Inc. announced its bankruptcy. Last week, the car rental company’s stock rose […]
Read moreJune 8, 2020 9:55 am
While investors continued hoping for economic recovery, the European stocks traded slightly lower on Monday. The Stoxx Europe 600, which reached 2.5% on Friday, was down 0.4% in Monday trading. This being said, UBI Banca’s shares surged 2.8%, following the news of Intensa Sanpaolo acquiring a major stake in the banking group. On Friday, it […]
Read moreJune 5, 2020 1:48 pm
One of the stocks expected to be under the spotlight in Friday trading is Gap. The clothing and accessories retailer announced record first-quarter losses due to the shutdown period during the coronavirus pandemic. This led to the company’s stock declining 4% in premarket trading. Gap reported a $932 million loss for the first quarter of […]
Read moreJune 5, 2020 8:56 am
American Airlines’ stock closed higher on Thursday, with shares gaining 41.25%. There was also an increase in the shares of other US airlines as investors moved from the stocks benefitting from the pandemic to companies that will begin their economic recovery. American Airlines’ shares enjoyed a record gain on Thursday after the company announced its […]
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