On June 2, China’s biggest contract chip manufacturer, Semiconductor Manufacturing International (SMIC), filed for a listing in Shanghai aiming to raise $2.8 billion for expansion and operations purposes.
The beauty products company Coty agreed to sell a stake in its business to private equity firm KKR. The announcement pushed the Coty stock price higher.
United, Delta, American, Southwest Airlines stocks managed to rise yesterday as the economy has started to reopen.
Currently, Western Union and MoneyGram are in talks on the buy offer, but no decision has been made yet. Following the rumors, both Western Union and MoneyGram stocks have soared. WU stock is over 8% up while MGI has managed to gain over 38% in the pre-market.
Evercore ISI analyst Amit Daryanani predicted Apple to reach a $2 trillion market cap in the next four years. According to Daryanany, this will happen when Apple (AAPL) stock gets to $550 per share.
Pfizer suffers a setback in trials targeted at getting Ibrance approved as an early-stage breast cancer therapy. As a result, PFE stock lost around 7% yesterday.
As Zynga announced its plans to acquire Turkish mobile gaming firm Peak, ZNGA stock is in the green. Now it is around 5% up.
Violent protests have taken place for six straight days in dozens of U.S. cities. The stock market is volatile. Now Dow Jones is 100 points up, though when the market opened it was in the red.
Moderna (MRNA) shares price us slightly up despite the investors’ concerns about stock sales. The stock has lost around $20 from its ATH of $80.
As the U.S. riots continue spreading countrywide after the death of George Floyd, the stock market is anticipated to feel the heat. Amazon, Target and Apple have already temporarily closed their stores.
Despite the fact that the latest results of remdesivir trials are inspiring, Gilead (GILD) stock is down. By the moment of writing, it has plunged 3.97% to $74.71.
Elon Musk’s SpaceX astronaut launch has opened doors of opportunity to investors in space exploration. Meanwhile, Tesla (TSLA) stock is in the green today.
Bitcoin OTC trading is believed to surge in 2020 as today crypto derivatives exchanges provide clients with high transparency ratings and impressive security.
The Amazon CEO and world’s richest man Jeff Bezos together with other prominent investors participated in Series A fundraising worth $15 million for the UK startup Beacon.
Slack (WORK) stock was up 1.17% after hours to trade at around $35.46 after closing yesterday at $35.05 with an over 7% rise. Stephens raised its price target on WORK shares from $32 to $37.