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...
With concerns over potential pandemic shutdowns now overshadowing the promising news surrounding COVID-19 vaccine developments, U.S. stocks have experienced significant losses after a late-session sell-off on Wednesday.
Throughout Wednesday’s trading, all three major U.S. stock indexes fluctuated widely. Inverness Counsel chief investment strategist Tim Ghriskey explained that the reason for...
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...
Warren Buffet’s conglomerate holding company Berkshire Hathaway Inc announced on Monday that it would be focusing its investment habits on four major pharmaceutical companies. This comes after the industry enjoyed positive press following the announcements of effective COVID-19 vaccine candidates from the likes of Moderna, Pfizer, and BioNTech.
James Armstrong,...
Stocks of electric vehicle company Tesla (TSLA) enjoyed a stark 10% rise during after-hours trading on Monday, leading to the company’s inclusion in the S&P 500 index.
According to an announcement by the S&P Dow Jones Indices, Tesla will join the S&P 500 on Monday evening before the stock market...
The Dow Jones, S&P 500, and Nasdaq indexes all enjoyed reaching record highs in the past week, with market activities being heavily influenced by news regarding the race to develop a COVID-19 vaccine.
Pfizer (PFE) and BioNTech (BNTX), who are at the forefront of the development of the first effective...
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...
Nasdaq was up by 2% when trading closed on Wednesday, thanks to investors placing their faith back in technology stocks following the latest surge in COVID-19 cases.
With analysts closely monitoring the race for a Coronavirus vaccine, investors turned away from economically-sensitive sectors in favor of backing technology stocks, particularly...
American cloud-scale application monitoring service Datadog Inc. (DDOG) experienced a decline in stock prices after releasing its results for the latest financial quarter. The company’s shares diminished in value by 10% after hours, following a 2.4% decline during the regular session to reach a value of $92.60.
Datadog incurred a...
Eric Yuan, founder and CEO of Zoom Video Communications Inc., has experienced a $5.1 billion decline in his net worth following Pfizer Inc.’s announcement on Monday that its Coronavirus vaccine has prevented over 90% of infections during clinical trials.
While airlines, oil corporations, and tourism operators enjoyed surges in stock...