Category: Shares

Meta Platforms Shares Rise as Facebook Rebrands to Focus on Metaverse

October 29, 2021
Business & EconomyCompaniesEconomieseconomyFacebookgamingLocal NewsMarketsMedia & Big TechMeta PlatformsmetaverseNorthern CaliforniaRegional-Local NewsriseSharesSocial MediaTechTech NewsUSUS News
0 Comment

Shares of Meta Platforms Inc. rose marginally in premarket trading on Friday after social media giant Facebook rebranded itself to build the “metaverse”, a shared virtual environment. Chief Executive Officer Mark Zuckerberg said on Thursday the new name reflects the company’s work invested in the metaverse, rather than its namesake social media service, which will…

Read More

World Shares Retreat, Chilled by Decline on Wall Street

October 28, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesdeclineEconomieseconomyEuropeHK BusinessHong KongInternationalInvestmentLocal NewsMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsSharesUSUS NewsWall StreetWorld
0 Comment

Shares slipped Thursday in Europe and Asia after a retreat on Wall Street pulled the S&P 500 and the Dow Jones Industrial Average back from their latest record highs. Shares fell in London, Frankfurt, Tokyo, and Shanghai but rose in Paris. A steady flow of corporate report cards continues Thursday with industrial bellwether Caterpillar and…

Read More

Robinhood Shares Drop Below IPO Price in After-Market Trading on Crypto Slowdown

October 27, 2021
Business & EconomyCompaniescryptoEconomieseconomymarketMarketsrobinhoodSharesslowdownTechtradingUSUS News
0 Comment

Robinhood Markets Inc.’s shares fell below their initial public offering price in after-hours trading on Tuesday after the retail broker reported softer revenue than expected for the third quarter as trading levels declined for cryptocurrencies like dogecoin. Shares of Robinhood were down 8.77 percent at $36.10 following the release of the results, below the $38…

Read More

GM Outlook Doesn’t Impress, Sees Chip Shortage Continuing; Shares Drop

October 27, 2021
Business & EconomychipCompaniesdropEconomieseconomyGMLocal NewsMarketsMichiganNew YorkRegional-Local NewsSharesshortageUSUS News
0 Comment

DETROIT—General Motors Co. said on Wednesday its quarterly profit was hit by the global semiconductor shortage that it sees continuing until late 2022, and offered a full-year profit forecast that disappointed Wall Street, sending shares down more than 3 percent in premarket trading. The Detroit automaker’s quarterly profit and revenue fell due to a drop…

Read More

Blonder Tongue Laboratories Warns On Supply Chain Disruptions After Q3 Performance

October 24, 2021
blonder tongueBusiness & EconomyCompaniesMarketsSharessupply
0 Comment

Blonder Tongue Laboratories Inc. reported third-quarter FY21 net sales nearly flat year-on-year at $4.17 million. The company said it faced a specific short-term semiconductor supply chain disruption resulting in a material adverse impact on its results. EPS loss of $(0.02) narrowed from $(0.18) last year. The gross margin expanded by 1,831 bps to 35.9 percent….

Read More

Shares Gain on Earnings Optimism

October 20, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesearningsEconomieseconomyEuropeHK BusinessHong KongInternationalInvestmentLocal NewsMarketsMedia & Big TechNew YorkNY NewsoptimismRegional-Local NewsSharesTechTexasUSUS NewsWorld
0 Comment

LONDON/TOKYO—Shares from Asia to Europe gained on Wednesday on rising optimism about the global economy and corporate earnings, while government bond yields rose and the yen fell to its lowest in four years against the dollar. The regional Euro STOXX 600 traded up 0.1 percent after opening in negative territory, amid a somewhat mixed picture…

Read More

Business Chart of the Day: Is Procter & Gamble About to Rally?

October 19, 2021
Business & EconomyCompaniesMarketsProcter & Gamble CompanyShares
0 Comment

Shares of Procter & Gamble Company have dropped to a level that has been support before. This means they may be about to rally. There was support around $138.50 in early October. When shares fell to this level, they reversed course and moved higher. Sometimes stocks will rebound or rally after they reach support. There’s…

Read More

European Stocks Inch Up as Tech, Mining Shares Offset Losses in Ericsson

October 19, 2021
ArchivedBusiness & EconomyCompaniesEconomiesericssonEuropeEuropeanInvestmentMarket WatchMarketsMedia & Big TechminingNewsSharesstocksTechUKWorld
0 Comment

Europe’s main stock index edged higher on Tuesday as gains in mining and technology shares helped offset losses in Sweden’s Ericsson, which reported a hit from global supply chain problems. The pan-European STOXX 600 rose 0.2 percent, with miners, utilities, and technology stocks leading morning gains. Technology shares were also behind a rise in main…

Read More

IClick Interactive Asia Shares Pop On Higher Takeover Offer

October 18, 2021
AsiaBusiness & EconomyCompaniesShares
0 Comment

iClick Interactive Asia Group Ltd. revealed receipt of another takeover offer dated October 13 from Infinity Equity Management Co. Ltd via special purpose vehicle (SPAC) at $7.50 per ADS in cash. The offer price represents a premium of 15% to the October 15 closing price of $6.50. iClick is an independent online marketing and enterprise…

Read More

French Luxury Goods Groups’ Shares Hit by Weak Chinese Data

October 18, 2021
Business & EconomyChinaChina Business & EconomyChineseCompaniesdataEconomiesEuropeFrenchgoodsLuxuryMarketsSharesWorld
0 Comment

PARIS—Shares in French luxury goods companies LVMH and Kering fell on Monday after weak economic numbers from China, a leading market for many of the world’s top fashion companies. Kering was down 1.7 percent in early trading while LVMH retreated by 1.3 percent. Rival French luxury goods company Hermes also fell 1.2 percent. China’s economy…

Read More