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, 2020
- 1 min
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 1, 2020
- 1 min
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, 2020
- 1 min
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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- Jul 30, 2020
- 1 min
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, 2020
- 1 min
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, 2020
- 1 min
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, 2020
- 1 min
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 29, 2020
- 1 min
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, 2020
- 5 min
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, 2020
- 8 min
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 27, 2020
- 1 min
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, 2020
- 11 min
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, 2020
- 6 min
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, 2020
- 1 min
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 26, 2020
- 1 min
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, 2020
- 1 min
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, 2020
- 1 min
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 24, 2020
- 1 min
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, 2020
- 1 min
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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