Wall Street | Page 123 of 177

Bitcoin News, Business News, Commodities & Futures, Cryptocurrency News, Currencies

Goldman Sachs Says U.S. Dollar Could Lose Its Status of World’s Reserve Currency, Bullish on Gold

By Bhushan Akolkar Jul 29, 2020 • 3 mins read

Goldman strategists said that the fragile economic condition, with interest rate at an all-time low, and the uncertain political scenario, have added to the instability of the USD showing signs of real concerns for it to continue as the world’s reserve currency.

Business News, Editor's Choice, Market News, Mobile, News

JPMorgan Tops Apple (AAPL) Stock Price Target to $425, Sales in China Jumped 225% in Q2 2020

By Bhushan Akolkar Jul 29, 2020 • 3 mins read

Offering deep discounts helped Apple to top its iPhone sales in China during Q2 2020. The Chinese shopping festival last month and Apple’s offering of the cheaper iPhone SE made the smartphone best-selling during the second quarter.

Business News, Market News, News, Stocks, Wall Street

V Stock Falls 1.65%, Visa Net Revenue Down 17% in Q3 2020, Earnings Top Expectations

By Teuta Franjkovic Jul 29, 2020 • 4 mins read

Visa reported Q3 earnings and revenue that fell sharply as the coronavirus pandemic led to a global recession, plunging consumer spending. V stock is down.

Business News, Market News, News, Stocks, Wall Street

AMGN Stock Down 1% After Hours, Amgen Q2 Earnings Beat Estimates with Revenue Rising 6%

By Teuta Franjkovic Jul 29, 2020 • 3 mins read

Amgen reported Q2 earnings that beat Wall Street estimates, but AMGN stock fell over 1% in after-hours trading. The company reported non-GAAP earnings per share of $4.25 for the second quarter.

Business News, Editor's Choice, Market News, News, Stocks

GOOGL Stock Up 1.4%, Google to Build Undersea Cable between U.S. and Europe

By Darya Rudz Jul 28, 2020 • 3 mins read

To build the undersea cable, Google signed a deal with SubCom, the New Jersey-based subsea cable provider. The project will be completed in 2022. GOOGL stock gained 1.4% yesterday.

Business News, Editor's Choice, Market News, News, Stocks

Pfizer Reports Q2 Earnings Results amid Its Work on COVID-19 Vaccine, PFE Stock Up 2%

By Tolu Ajiboye Jul 28, 2020 • 3 mins read

Today in the morning, Pfizer has published its Q2 earnings results. Revenues of $11.8 billion reflect a 9% operational decline.

Business News, Market News, News, Stocks

MRNA Stock Jumps 9% as Moderna Gets $472 Million for COVID-19 Vaccine Research

By Bhushan Akolkar Jul 28, 2020 • 3 mins read

Moderna has got nearly $1 billion in support from the U.S. government so far to support the development of the COVID-19 vaccine. The biotech firm is conducting its last-stage trials. MRNA stock is up.

Business News, IPO News, News, Wall Street

High Demand for U.S. IPO Listings Sets Bar High for Traditional Stock Market

By Steve Muchoki Jul 28, 2020 • 3 mins read

U.S. IPO market is gaining momentum this year despite the ongoing global pandemic that has already hit a great number of industries.

Bitcoin News, Business News, Commodities & Futures, Cryptocurrency News, Indices

Wall Street Sees Massive Rally: Amazon and Apple Lead Tech Higher

By Godfrey Benjamin Jul 28, 2020 • 3 mins read

Stocks showed impressive rally on Monday with Amazon (AMZN) and Apple (AAPL) leading tech stocks amidst expectations of the new stimulus package from the government.

Business News, Editor's Choice, Market News, News, Stocks

TSLA Stock Up 3%, Tesla Announces Plans for New Models after Cybertruck and Reveals Q2 Results

By Tolu Ajiboye Jul 27, 2020 • 3 mins read

As Tesla announced gains in its second-quarter earnings report, the EV company also hopes to add two new models after the Cybertruck. TSLA stock is up today.

Business News, Market News, News, Stocks, Wall Street

HAS Stock Down 6% as Hasbro Heavily Misses Q2 Earnings Estimates

By Teuta Franjkovic Jul 27, 2020 • 4 mins read

Store closures, product shortages and lower retail inventory hampered Hasbro in Q2. After the company published a disappointing earnings report, HAS stock started falling.

Business News, Market News, News, Stocks, Technology News

RYA Stock Down 8%, Ryanair Posts Q1 Loss of 185 Million Euros amid Coronavirus Pandemic

By Godfrey Benjamin Jul 27, 2020 • 3 mins read

For the reported Q1, the Ryanair revenue dropped by 95%. RYA stock lost over 8% after the statement was published.

Business News, IPO News, News, Wall Street

Chinese Electric Vehicle Manufacturer Li Auto Set to Raise Up to $950 Million in IPO

By Godfrey Benjamin Jul 26, 2020 • 3 mins read

Li Auto, a Chinese electric car manufacturing company, is going to raise up to $950 million in an IPO. The funds will be allocated for the company’s research.

Business News, Commodities & Futures, Indices, Market News, News

S&P 500 Falls while Gold Price Breaks Records on U.S.-China Tensions

By Bhushan Akolkar Jul 25, 2020 • 3 mins read

The compounding economic uncertainty due to the rising COVID-19 cases and the growing tensions between the U.S. and China have caused the gold price to soar higher taking them at their record-high levels of 2011.

Business News, Market News, News, Stocks, Wall Street

XOM Stock Down 0.86%, Exxon Mobil Reports Advancement in CO2 Capture Technologies

By Christopher Hamman Jul 24, 2020 • 3 mins read

Exxon Mobil (XOM) discovered a new material that enhances carbon capture technology, XOM stock is slightly down during the trading session.