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Shell (RDS.A) Stock Down 4%, Shell Warns of $22B Hit on Assets from Oil and Gas Slump
By Steve Muchoki
• 3 mins read
Royal Dutch Shell stock dropped 4% today after the company announced that it is anticipating to write down assets worth up to $22 billion in the coming quarters.
Tesla (TSLA) Stock Rose 5.17% Yesterday, It Is 5,900% Up Since Debut Decade Ago
By Steve Muchoki
• 3 mins read
Tesla stock closed yesterday at $1,009.35. 10 years ago, the price at the debut was $17. If we take this price, the growth is 5,900%, if we take the price at the end of the first trading day – $23.89, the growth is 4,200%.
GILD Stock Down Less Than 1% as Gilead Sciences Announces Long-Awaited Price for Remdesivir
By Steve Muchoki
• 3 mins read
Gilead Sciences (GILD) stock is slightly down after the company set the Remdesivir price for developed countries at $390 per dose. Privately insured patients will be charged $520 per dose.
BHP Group Completes $14M Worth Trade via Blockchain with China Baoshan Iron
By Steve Muchoki
• 3 mins read
BHP, formerly known as BHP Billiton, has successfully completed its first blockchain trade deal with China Baoshan Iron & Steel Co Ltd worth $14 million.
Binance Successfully Completed Its Biggest Upgrade in 2 Years
By Steve Muchoki
• 3 mins read
Being among the leading largest crypto exchanges in the world, Binance with no doubt has its influence in the digital asset market that cannot be ignored. And its latest upgrade is an important milestone for the industry.
NKE Stock Drops 4% as Nike Reported Fiscal 2020 Fourth Quarter and Full Year Results
By Steve Muchoki
• 2 mins read
Nike (NKE) stock dropped 3.94% to trade at around $97.40. The drop is being attributed to the unexpectedly poor results of the 2020 fourth quarter and full year that ended May 31, 2020.
WORK Stock Rises 0.44%, Company Announces Set of Technologies Slack Connect
By Steve Muchoki
• 3 mins read
Slack Technologies (WORK) is up today after a loss of 6.08% yesterday. The company has announced its news tech package called Slack Connect, which enhances its real time-communication across up to 20 clients.
Amazon Expected to Take 16% Stake in Deliveroo
By Steve Muchoki
• 3 mins read
The Competition and Market Authority (CMA) has given Amazon a green light to take a 16% stake in Deliveroo for the second time. AMZN shares have added 0.64% in the pre-market to trade around $2751.77
JPMorgan, Texas Instruments, Air Liquide Stocks Are Best in Class Businesses that Are on Sale
By Steve Muchoki
• 3 mins read
JPMorgan (JPM), Texas Instruments (TXN), and Air Liquide (AI) stocks are highly cyclical businesses and best in class quality according to Latitude Investment Management CEO Freddie Lait.
Ripple Wants to Expand ODL Capabilities in Asia, Says SBI Ripple Asia CEO Adam Traidman
By Steve Muchoki
• 3 mins read
Ripple is moving its wheels faster than the prior years in increasing XRP adoption and also onboarding more customers on its ODL services and the Asian market will be one of the priorities for the company in the nearest future.