Chinese delivery and warehousing firm JD Logistics surged during its debut on the Hong Kong Stock Exchange, amassing a stock market value of $34 million to make it the exchange's second-largest listing this year.
During its debut on Friday, JD Logistics shares rose 18.3% above its initial public offering (IPO)...
2022 is turning from bad to worse for the streaming service giant Netflix. In its recent report, the company announced that it has lost around 200,000 subscribers in the first quarter and is expecting to lose more than two million more in the next quarter. As a result, Netflix...
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,...
After revealing its test results for the solid-state battery that has been in development, EV startup QuantumScape has enjoyed a 60% rise on the New York Stock Exchange in the past month. This development sees the Westbury, NY-based company rise beyond its $22 billion market cap level.
In its latest...
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 Nasdaq index has been predicted to open lower on Monday morning following the recent general decline of mega-cap technology firms. Among the firms that fell during premarket trading were Google owner Alphabet Inc, Facebook owner Meta Platforms, Amazon.com Inc, Microsoft Corp, and Tesla Inc. Losses ranged from 0.5%...
Following positive reports regarding the development of coronavirus vaccine candidates by the likes of Pfizer and Moderna, oil stocks have risen to their highest levels since early September. Futures, in particular, enjoyed a significant rise of 2.5% on Wednesday.
The surge in share prices mostly came as a result of...
With both Pfizer (PFE) and BioNTech’s (BNTX) reporting that their vaccine candidates have been more than 90% successful in treating COVID-19 patients during clinical trials, stock futures have enjoyed a higher opening, thus encouraging investors to snatch up these assets.
This boost to the market, which occurred on Monday, has...
Following reports of the New York Stock Exchange deciding to remove the three largest Chinese telecom companies, Chinese oil companies look to be the next in line to be delisted. The company that’s most in the hot seat is CNOOC Ltd—and they also happen to be the biggest offshore...
Cisco Systems Inc. is now expected to beat industry analysts’ forecast for the company’s second-quarter earnings. This news has resulted in a 9.6% rise in Cisco stocks as markets close.
With the economy gradually recovering from its coronavirus slump, governments and companies alike are expected to resume spending on networking...