Royal Dutch Shell has announced plans to move its headquarters to the UK as part of proposals to simplify its corporate structure. The oil giant will ask its shareholders to vote on moving its tax headquarters from the Netherlands to the UK. It also wants to ditch its dual share structure in favour of a single class of shares to "increase the speed and flexibility" of distributions to shareholders. Read more.
Tags : us stocks
AstraZeneca announced it is making a modest profit on its coronavirus vaccine as the world learns to live with the virus. Read more.
Berkshire Hathaway posted another double- digit increase in operating profit thanks to a steady recovery in its rail, utilities and energy businesses from the pandemic, while the company's cash holdings hit a record high as Warren Buffett continues to sit on the sidelines. 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.
Alphabet reported third-quarter profit and revenue that beat analysts' estimates. The company's shares were little changed after the report was released. 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.
Shares of Netflix fell about 1% in after-hours trading Tuesday after the company reported its third-quarter results, showing investors that the streaming service continues to add subscribers. Read more.
Apple has unveiled its M1Pro and M1Max chips, which are used in the new MacBook Pro laptops. Apple says the M1 Max chip is the most powerful the company has ever built, with 57 billion transistors. 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.
Wells Fargo posted a jump in third-quarter profit Thursday, boosted by the release of loan-loss provisions as its recovery from the 2021 coronavirus pandemic accelerated. Read more.
The bank is set to announce earnings for the previous quarter during the pre-market tomorrow (13 October), with the second quarterly report beating expectations for revenue and earnings. If the bank does exceed the consensus expectations, there may be a more significant upside. Read more.