AstraZeneca announced it is making a modest profit on its coronavirus vaccine as the world learns to live with the virus. Read more.
Tags : dow jones
Coca-Cola on Wednesday reported third-quarter profit and revenue that beat analysts' estimates. Read more.
Tesla reached a $1 trillion market capitalisation on Monday after announcing that Hertz has ordered 100,000 vehicles to expand its electric vehicle fleet by the end of 2022. Read more.
French carmaker Renault said on Friday its 2021 production losses will be far greater than previously forecast due to a global shortage of semiconductor crisps, but maintained its profit outlook thanks to high vehicle prices and cost cuts. Read more.
Intel shares fell more than 8% in extended trading Thursday after a weaker-than-expected revenue report and the company blamed an industry-wide component shortage for causing its PC chip business to shrink 2% in the quarter ended Oct. 2. Read more
Yesterday we saw an extraordinary increase in the price of Pinterest due to the announcement that PayPal is looking at the acquisition of the social media platform, both companies are currently in discussions surrounding a potential merger. Read more.
Tesla reported third-quarter results after the bell Wednesday, posting record sales and profits. The company reported net income of $1.62 billion (GAAP) for the quarter, topping the $1 billion mark for the second time. Read more.
Facebook plans to create 10,000 jobs in the European Union over the next five years to build a digital world known as the "Metaverse". Read more.
JPMorgan Chase on Wednesday reported third-quarter earnings that beat expectations as loan losses came in $1.5 billion higher than expected. Read more.
Boeing reported an eighth straight month of net aeroplane sales on Tuesday, but deliveries of its Dreamliner planes remain suspended as they undergo quality checks. Read more.
Southwest Airlines cancelled more than 1,800 flights this weekend, throwing thousands of customers' travel plans into disarray. Read more.
Negativity rampaged throughout the markets last week as strong selloffs in the Nasdaq, Dow and S&P indicated that there’s a risk-off approach being taken by investors following Powell’s hawkish statements with regards to tapering that is more than likely set to be announced during next month’s FOMC meeting. Read more.
