Chinese eCommerce giant Alibaba experienced a slowing sales growth during the month of September, leading to its slowest sales pace in its history for this specific time period.
As a result, Alibaba shares slumped by more than 4% on the New York Stock Exchange. Also of concern is the tightening...
Insider sources have revealed that Wells Fargo & Co. has frozen its plans to provide top earners with raises due to the bank’s new leadership team’s focus on limiting costs. This decision will result in a halt to increases in the base pay for employees earning over $150,000 per...
Royal Dutch Shell PLC has continued its venture into the Chinese oil market by assuming complete control of one of its joint venture gas stations in the country.
The deal, which sees Shell purchase the remaining shares that it didn’t own in Chongqing Doyen Shell Petroleum & Chemical Co., was...
With growing concerns over the coronavirus pandemic, the upcoming US presidential elections, and declining oil prices, the majority of Middle Eastern equities are continuing to experience a persistent decline.
While the Tel Aviv Stock Exchange enjoyed a slight rise, the rest of the region’s stock markets remain in a slump....
The California-based electric vehicle manufacturer Fisker (FSR) enjoyed a rise in its stock during its debut on the New York Stock Exchange this Friday.
This came after the American electric vehicle company entered into a $2.9 billion merger with Spartan Energy. Funded by private equity firm Apollo Global Management (APO),...
Following their decision to cut approximately 6,000 jobs, Chevron surprised investors and analysts alike by posting an unexpected profit. While analysts expected a 27-cent loss per share during the third quarter, Chevron reported earnings of 11 cents per share.
In what has been a tumultuous period for Chevron, the multinational...
Biotech company Moderna (MRNA) has enjoyed a significant revenue increase during the third quarter, thanks to its research and development with regards to a COVID-19 vaccine. This has triggered a 3.8% rise in share prices to $64.87 on the S&P Index.
The Cambridge, Massachusetts-based firm is currently leading in the...
After what has been the company’s worst string of losses since its reformation in 1999, Exxon Mobil Corp. is expected to reduce its global workforce by 15% over the next two years. The multinational oil and gas corporation is expected to cut jobs in the United States, Europe, and...
Royal Dutch Shell Plc announced its intention to instill a 4% increase in dividends, as the company looks to recover from what has been a long-term slump due to climate change and the coronavirus pandemic.
This news has been warmly received by shareholders, particularly after the Anglo-Dutch energy giant decided...
Callaway Golf Co. revealed on Tuesday that it plans to acquire the remainder of the driving range chain Topgolf Entertainment Group in a move worth approximately $2 billion. This will provide Callaway with a lucrative new source of income.
Callaway already owns 14% of Topgolf and decided to purchase the...