While already the most shorted stock on the market, American Airlines Group Inc skyrocketed yet again after being mentioned on the Wall Street Bets forum on Reddit. This comes after GameStop Corp. stocks surged due to being the focal point of debate on the exact same forum.
American Airlines's rapid...
Stock futures opened at a low on Thursday morning, following an underwhelming close on Wednesday evening after a selloff during the regular session. This comes after each of the three major U.S. indexes dropped by their largest margins in the last three months.
This poor performance occurred in light of...
Investment management company Blackstone Group Inc. has agreed to the purchase of a life insurance business from Allstate Corp. for a sum of $2.8 billion. This deal is part of Blackstone's plan to expand its market share in the insurance industry.
This deal comes as Allstate continues pursuing its goal...
With the company determined to meet its COVID-19 vaccine delivery targets, pharmaceutical giant Johnson & Johnson has revealed that it is expected to report some much-anticipated data on its vaccine early next week.
Eager to fulfill the obligations of its already-signed agreements, Johnson & Johnson's shares rose by around 3.4%...
GameStop shares rallied by a colossal 92% at the time of Tuesday's close, resulting in a record price tag of $147.98 per share. The gaming merchandise retail chain now has a market cap of over $10 billion.
The beginning of this surge could be traced back to last week's clash...
Although COVID-19 hasn't been great for the economy at large, there have been some silver linings for certain companies. Specifically when it comes to vaccines, some countries have reason to be hopeful in the financial realm.
The Czech Republic is one of those countries, and we may see them raise...
Automotive technology firm Veoneer confirmed in a statement on Thursday that it had reached a collaboration deal with wireless technology giant Qualcomm. This agreement has been in the works since the companies entered into discussions in August of 2020.
Veoneer CEO Jan Carlson expressed his satisfaction over the new deal,...
Tencent Holdings Ltd stocks slid by more than 6.7% in Hong Kong on Tuesday, following a record-breaking rally that pushed the tech conglomerate's market value close to the $1 trillion mark in what was an unprecedented feat.
The multinational Shenzhen-based company enjoyed an 11% surge on Monday, which was the...
Shares of gaming merchandise retailer GameStop reached record highs on Monday due to a crush on short-sellers. The company's stocks skyrocketed by 130% with shares hitting a value of $100 by mid-session on Monday.
This unparalleled surge emerged as the result of a massive short squeeze on the stock, whereby...
Canadian telecommunications company Telus International is aiming to raise as much as $833 million in its initial public offering (IPO), a move that would see the company's valuation float to $7 billion.
A subsidiary of Telus Corp., Telus International is planning to list its shares on the New York Stock...