FedEx surprises Wall Street with better-than-expected Q2 results despite the coronavirus pandemic strike. The major crash in the company’s B2B services was offset with the strong growth in B2C services.
For SBI, the investment in B2C2 is first of all the means of expanding into the overseas market. The UK will be quite challenging for SBI that has explored Asian market before, but this experience will be worth it.
The net worth of Jeff Bezos, the richest man in the world, has hit $171.6 billion following the impressive growth of Amazon.
While Tesla has exceeded Toyota on market value, it is still falling behind the Japanese company by a wide margin on actual car production. Tesla stock closed at $1,119.63 on July 1. After-hours, it added another 1.55% to reach $1,137.00.
Online video streaming demand has surged in India amid the novel coronavirus-induced lockdown, and Netflix is benefitting from the change despite its premium pricing structure. NFLX stock is in the green.
The stock market continues to stay hopeful with new developments in COVID-19 drug vaccines and strong U.S. manufacturing activity for the month of June.
Following the positive news, Pfizer and BioNTech shares managed to jump 5% and 2.2% accordingly on Wednesday. PFE closed with a 3% rise while BTNX lost 4%.
Following Tesla’s progressive growth, TSLA stock now has all chances of being included in S&P 500. This has become known from a leaked email.
The new investment service from TransferWise will allow retail users to earn passive returns.
The stock of Inovio Pharmaceuticals is down 23% now despite the company’s announcement of a positive result from its INO-4800 clinical trials.
Growing instant messaging and VoIP startup, Discord has secured a $100 million venture capital funding from Index Ventures. Now it is valued at $3.5 billion.
Chime, American technology neobank and financial services provide, has launched a new Credit Builder with similarities to debit card functionalities.
With more number of businesses leaning towards Apple products, JAMF saw its revenue jumped 37% from the previous year, it was $60.4 million during the first quarter of 2020.
While in Q2 2020 the stock markets have managed to rebound considerably well after a major correction in Q1 2020, the Fed Chairman and Treasury Secretary warned that failing to control the rising COVID-19 cases can put major pressure on the U.S. economy.
With North, Google hopes to make a more prominent contribution to an AR space. Following the news, Google parent Alphabet’s stock closed with a 1.49% rise.