Valued at approximately $600 million, the port of Haifa is currently an acquisition target of four investment groups, each of which is expected to launch a bid for the port by October of this year. In an effort to promote competition and reduce costs, Israel has decided to sell...
Elon Musk cashed in on his Tesla stock holdings earlier this week, selling 7.9 million shares worth approximately $6.9 billion. This is the second time this year that the CEO of the electric car maker offloaded Tesla stock. He previously sold 9.6 million shares back in April and got...
While the majority of big tech continues to plunge on the stock market, Amazon stock (AMZN) has been surging in the past seven days. It had the best four-day performance in the past two years and was even trending to the best five-day stretch in seven years before taking...
We all remember how intense things got around this time last year. The pandemic caused people to panic-shop across America, pillaging supermarkets for goods such as toilet paper, hand sanitizers, and all kinds of cleaning products you can possibly imagine. Yeah, things got pretty crazy, and there were shortages...
Moderna (MRNA) announced on Tuesday that European regulators have approved the biotechnology company’s right to apply early for approval of its COVID-19 vaccine. As a result, the company’s stock rose in the morning stock market trades 1.3%, which brought each stock to a price of 79.29 MRNA Chief Executive Stéphane...
With vital inflation data scheduled to be released publicly later this week, future shares traded on the Nasdaq and S&P 500 dropped on Monday amid investor uncertainty. Technology shares similarly experienced declines of their own, with hi-tech heavyweights largely rejecting a deal by members of the Group of Seven (G7)...
MicroVision Inc has been a hot topic lately, with its shares soaring to 47% earlier this week. This has led many to believe that the meme stock trend isn't wavering in the slightest, and that we may continue to see the fruits of its labor in the future. A company...
Abu Dhabi National Oil Co.’s drilling unit rose by 33% over the course of its trading debut. This comes after the company raised 4.05 billion dirhams ($1.1 billion) to become the biggest ever Emirati IPO. Adnoc shares rose on Sunday from an initial asking price of 2.30 dirhams to 3.05...
The value of gold has embarked on a steady rise as of late as investors focus their sights on the timeline for a U.S. stimulus package and its impending effect on the value of the dollar. This cautious outlook on markets has aided gold in its recovery from a...
The port of Rotterdam, Europes largest seaport, announced a 15% leap in freight volumes on a year-on-year basis in the third quarter. This increase comes as international trade continued to recover from its COVID-19 induced slump. Port of Rotterdam Chief Executive Allard Castelein had the following to say regarding the...