Latest Articles
Wirecard (WDI) Stock Plunges 46% at Opening as Company Says Missing $2B May Not Exist
By Darya Rudz
• 3 mins read
The missing €1.9 billion was meant to be held in accounts looked after by a trustee on behalf of Wirecard and payment-processing partners in some countries. Wirecard said the missing money may have never existed. Its stock is now seriously down again.
Binance Adds Bank Transfers via Single Euro Payments Area (SEPA) for EUR and Faster Payments (FPS) for GBP
By Darya Rudz
• 3 mins read
In order to process transactions, Binance has partnered with Clear Junction, a British provider of payment infrastructure services. To benefit from SEPA and FPS, Binance users have to complete identity and address verification.
Alibaba and JD.com Stocks Jumped as Retailers Handled $136.51B in Sales at 618 Shopping Event
By Darya Rudz
• 3 mins read
After good sales during the 618 Shopping Festival, JD.com and Alibaba stocks closed up yesterday but declined at the opening today.
Moderna (MRNA) Stock Rises 2.59%, mRNA-1273 Vaccine Will Be Ready for Distribution in 2021
By Darya Rudz
• 3 mins read
Following Moderna CEO’s big expectations on mRNA-1273 distribution, Moderna shares jumped. On June 18, Moderna stock rose by 2.59% to close at $64.95. In pre-market today, Moderna shares are 0.08% up.
FB Stock Up 0.17%, Facebook Supports Black-Owned Businesses with $200 Million Investment
By Darya Rudz
• 3 mins read
The new Facebook’s initiative is a part of a $1.1 billion investment to support diverse suppliers and communities in the U.S. Following the announcement, FB stock is up.
Hertz Puts Plan to Sell $500M in Shares on Hold Following SEC’s Concerns
By Darya Rudz
• 3 mins read
Hertz’s plan to sell $500 million in shares was “promptly suspended pending further understanding of the nature and timing of the Staff’s [SEC’s] review”. Hertz (HTZ) stock is down in the pre-market.
Sorry Zoom, Teladoc (TDOC) Is a New Bull Stock in a Town
By Darya Rudz
• 3 mins read
The year-to-date growth of Teladoc stock has totaled 129.41%. Yesterday, it rose by 1.94% and closed at $192.06. In the pre-market, TDOC stock slightly declined to $191.00. Its market cap is $14.3 billion.
Royalty Pharma Shares Jumped Around 60% after Company Raised $2.2B in Biggest IPO of 2020 So Far
By Darya Rudz
• 3 mins read
Royalty Pharma’s IPO has become the biggest this year. Moreover, it is the second-largest pharmaceutical public listing ever, just behind Zoetis Inc’s $2.2 billion IPO back in 2013. RPRX shares today were 12.75% up, trading at $49.61.
Unilever to Use Blockchain to Tackle Deforestation, Invests $1 Billion in Climate Change Initiatives
By Darya Rudz
• 3 mins read
Unilever first started thinking of environment-friendly policy and fighting climate change back in 2010. At that time, it set its first climate target. By 2039, 11 years before the 2050 Paris Agreement deadline, Unilever plans to achieve net-zero emissions.
Bankrupt Hertz Sells Up to $500M in Common Stock but Expects Its Shares to Be ‘Worthless’
By Darya Rudz
• 3 mins read
To sell the shares, Hertz has entered into an Open Market Sale Agreement, or sales agreement, with Jefferies LLC. In the pre-market today, Hertz (HTZ) stock is 9.52% up, $2.07 per share.