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A good day for Virgin Galactic; a bad day for its shareholders
Virgin Galactic stock soared today on a slew of exciting news, closing up just shy of 7%. However, after the bell when the company...
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Aug 4, 20201 min read
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ExxonMobil shares under pressure after earnings
ExxonMobil's share price contracted slightly after reporting weaker-than-expected earnings on Friday. The double hit of a pandemic and...
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Aug 4, 20201 min read
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Facebook Shares Jump 6.5% Post High Q2 Earnings Report
Social media giant Facebook saw their share price jump 6.5% after yesterday's Q2 earnings report. EPS was 30% higher than forecasted,...
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Aug 1, 20201 min read
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London Stock Exchange (LSE) Group has announced that it may sell part or all of Borsa Italiana.
London Stock Exchange (LSE) Group has announced that it may sell part or all of Borsa Italiana, Italy's only stock exchange. The sale...
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Aug 1, 20201 min read
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STX International and Eros completed their merger.
STX International and Eros completed their merger, creating a powerhouse Hollywood/Bollywood entertainment studio. The new entity will be...
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Jul 30, 20201 min read
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Kodak Shares Surge Nearly 1500%, Peak at $60 high
Kodak shares surged nearly 1500% this week after the Trump administration offered them a $765m loan to make ingredients in drugs used to...
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Jul 30, 20201 min read
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Starbucks Jumps 6% after Outperformance of Forecasts
Starbucks jumped 6% on Tuesday after topping fiscal third-quarter forecasts. EPS and global same-store sales declined by less than...
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Jul 30, 20201 min read
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Mitsubishi Motors Sales Fall 53%, Stocks Tumble by 12.3%
Mitsubishi Motors tumbled 12.3% to a lifetime low after a 'shocking' earnings result. Sales fell 53% from the same time last year, while...
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Jul 30, 20201 min read
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Tokyo Gas has acquired a majority stake in US shale firm Castleton Resources for $657 million.
Tokyo Gas has acquired a majority stake in US shale firm Castleton Resources and the Aktina solar project for $657. million. This foray...
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Jul 29, 20201 min read
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Big Tech and Its​ Pandemic Spending Spree
The tech sector as a whole has weathered the coronavirus crisis well. In particular, record valuations and large cash balances have left...
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Jul 29, 20205 min read
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BBVA Raises €1 Billion in COVID-19 Social Bond and Launches the First-Ever Green Contingent Convert
Banco Bilbao Vizcaya Argentaria (BBVA), a multinational financial services provider, launched two brand new social and green bonds each...
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Jul 29, 20208 min read
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Perpetual has bought a 75% stake in US asset manager Barrow Hanely, for $319 million.
Perpetual has bought a 75% stake in US asset manager Barrow Hanely, for $319 million. The Australian fund manager will triple their funds...
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Jul 27, 20201 min read
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Buffett's Big Bet on Natural Gas
Uncertainty. This has been the theme not just for the year of 2020, but also for Warren Buffett and Berkshire Hathaway.
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Jul 27, 202011 min read
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Tencent Acquires Struggling South East Asia Video Streaming Platform, iFlix
iFlix is a Malaysia-based streaming platform, poised as the Netflix of the SEA Emerging Markets.
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Jul 27, 20206 min read
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Ryanair Share Prices Drop 6% Following Q1 £168m Loss
Ryanair's share price dropped 6% after it announced a Q1 loss of £168m as revenues fell 95%. Passengers of Ryanair fell 99% to 0.5m after...
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Jul 27, 20201 min read
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Hertz Jumps 3% After $650m Payment to Lenders
Vehicle rental company, Hertz, was up 30% on Wednesday morning as the bankrupt company agreed to pay lenders $650m. The payment buys...
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Jul 26, 20201 min read
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Spotify Share Prices Rise by 3% After Multi-Year Deal with Universal
Spotify's share price was up 3% in premarket trading as they signed a new multi-year deal with Universal Music Group. Universal will...
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Jul 26, 20201 min read
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Goldman Sachs Sees 4% Rise in Share Prices
Goldman Sachs' share price was up 4% last week due to a strong trading performance. It’s their biggest out-performance in net-profit in...
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Jul 26, 20201 min read
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Indian multinational Wipro Limited has acquired Belgian Salesforce partner 4C for $79m.
In an undisclosed deal, Indian multinational Wipro Limited has acquired Belgian Salesforce partner 4C for $79m. Wipro acquisition comes...
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Jul 24, 20201 min read
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German retail and corporate lender Degussa Bank is up for sale.
German retail and corporate lender Degussa Bank is up for sale. PWC, advisors on the deal, value the bank at $400M. The bank's owners are...
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Jul 24, 20201 min read
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