The H&M group plans to shut down hundreds of stores next year due to a decline in sales and an increase in online shoppers.
Previously, the starting price for Model 3 sedans produced at Tesla’s Shanghai factory with a standard driving range was 271,550 yuan. Now, it will cost 249,900 yuan (or $36,805).
Shares of Palantir (PLTR) jumped over 30% on a listing day at the New York Stock Exchange. However, a technical glitch on Morgan Stanley’s Shareworks platform prevented company alumni and employees from selling their shares.
While the broader markets ended the Wednesday trading in positive, uncertainty still hovers around Wall Street as stimulus talks have been pushed further on Thursday. Analysts expect the market to remain volatile until the U.S. Presidential Elections on November 3.
Moderna (MRNA) stock has positively reacted to the news about good results shown by the company’s COVID-19 vaccine candidate.
Alibaba is expecting its cloud business to yield profit in the current fiscal year. The company is now reworking the cloud arm for growth.
A leaked memo from the company to its U.S. dealers indicate that Ford will be slashing prices for its all-electric Mustang Mach-E.
Hasbro (HAS) shares were up 8.39% in the past three months and managed to climb approximately 7.67% in the past five days.
The JPMorgan settlement case has expectedly resulted in the firm’s shares losing 81 cents (0.84%) of their value on Tuesday.
When the $2 billion deal with GM was announced, Nikola said it expected to close it before September 30. However, the companies have not managed to finalize the agreement.
The REGN-COV2 treatment offered to COVID-19 patients have shown good results in reducing the viral load even in patients with not so strong immune system.
JPMorgan thinks that the benchmark index is well poised for the next surge looking at the monetary support from the Fed. JPMorgan strategist asked investors to look at businesses whose stocks move in economic cycles.
The acquisition of divvyDOSE will help UnitedHealth Group to expand its footprint in the rapidly growing digital pharmacy and drug delivery market.
Virgin Galactic (SPCE) stock closed 24.83% higher on Monday and rose 1.56% in pre-market today.
Plug Power shares rose after Morgan Stanley gave the hydrogen fuel cell maker an upgrade from equal weight to overweight. Now, the investment bank’s price target for Plug shares has jumped from $10.25 to $14.