An upward movement is observed when gold rises in price or is at the same level, and the S&P500 stock index - declines. Read more.
Tags : s&p 500
Ford Motor and Rivian no longer plan to jointly develop an electric vehicle, the companies confirmed Friday. The two companies had originally announced plans to develop a joint vehicle when the automaker invested $500 million in Rivian in 2019. Read more.
Alibaba on Thursday missed revenue and profit expectations for the September quarter as slowing economic growth in China weighed on results, adding to regulatory headwinds. Read more.
AstraZeneca announced it is making a modest profit on its coronavirus vaccine as the world learns to live with the virus. Read more.
Shares in electric vehicle maker Rivian will trade in New York later today after raising around $10.5bn (£7.75bn) from investors. According to media reports, the shares were trading at $78 apiece. This would make it the largest initial public offering by a US company since Facebook's initial public offering (IPO) in 2012, even though Rivian only started delivering its first electric pick-ups to customers in September. Read more.
PayPal reported 13% revenue growth for the third quarter on Monday and announced that it is working with Amazon to allow U.S. customers to pay with Venmo at checkout starting in 2022. Read more.
Uber reported its third-quarter results after the bell on Thursday. After an initial decline, shares rose about 1% in after-hours trading. Uber reported a net loss of $2.4 billion for the quarter, largely due to a decline in the value of its investments, particularly in Didi. Read more.
Shares of car rental company Avis Budget jumped Tuesday after the company reported a stronger-than-expected third quarter, prompting massive trading volume. Read more.
Coca-Cola announced Monday that it has acquired full control of sports drink maker Bodyarmor for $5.6 billion. This makes it the company's largest brand acquisition to date. Read more.
Shares of Amazon fell more than 4% in extended trading Thursday after the company reported weaker-than-expected third-quarter results and disappointing forecasts for the critical holiday season. Read more.
Coca-Cola on Wednesday reported third-quarter profit and revenue that beat analysts' estimates. 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
