Tesla (TSLA) stock price dropped yesterday by 4.10% to close the day at $1476.49. However, the stock is up today. The fall is attributed to a downgrade call by Bernstein analyst Toni Sacconaghi.
Goldman strategists said that the fragile economic condition, with interest rate at an all-time low, and the uncertain political scenario, have added to the instability of the USD showing signs of real concerns for it to continue as the world’s reserve currency.
Offering deep discounts helped Apple to top its iPhone sales in China during Q2 2020. The Chinese shopping festival last month and Apple’s offering of the cheaper iPhone SE made the smartphone best-selling during the second quarter.
Visa reported Q3 earnings and revenue that fell sharply as the coronavirus pandemic led to a global recession, plunging consumer spending. V stock is down.
Amgen reported Q2 earnings that beat Wall Street estimates, but AMGN stock fell over 1% in after-hours trading. The company reported non-GAAP earnings per share of $4.25 for the second quarter.
To build the undersea cable, Google signed a deal with SubCom, the New Jersey-based subsea cable provider. The project will be completed in 2022. GOOGL stock gained 1.4% yesterday.
Today in the morning, Pfizer has published its Q2 earnings results. Revenues of $11.8 billion reflect a 9% operational decline.
Moderna has got nearly $1 billion in support from the U.S. government so far to support the development of the COVID-19 vaccine. The biotech firm is conducting its last-stage trials. MRNA stock is up.
U.S. IPO market is gaining momentum this year despite the ongoing global pandemic that has already hit a great number of industries.
Stocks showed impressive rally on Monday with Amazon (AMZN) and Apple (AAPL) leading tech stocks amidst expectations of the new stimulus package from the government.
As Tesla announced gains in its second-quarter earnings report, the EV company also hopes to add two new models after the Cybertruck. TSLA stock is up today.
Store closures, product shortages and lower retail inventory hampered Hasbro in Q2. After the company published a disappointing earnings report, HAS stock started falling.
For the reported Q1, the Ryanair revenue dropped by 95%. RYA stock lost over 8% after the statement was published.
Li Auto, a Chinese electric car manufacturing company, is going to raise up to $950 million in an IPO. The funds will be allocated for the company’s research.
The compounding economic uncertainty due to the rising COVID-19 cases and the growing tensions between the U.S. and China have caused the gold price to soar higher taking them at their record-high levels of 2011.