Tencent revealed that it increased its stake in NIO. Now, Tencent owns 15.1% of the company’s Class A ordinary shares. NIO has been on a capital raising spree this year to shore up its balance sheet and meet its ongoing cash requirements.
On June 22, Dow climbed by 153 points, a 0.6% increase to the level of 26,024.96. In the pre-market today, Dow futures are 309 points up.
As the stock market opened yesterday, stay-at-home stocks like Netflix (NFLX), Amazon (AMZN), Zoom Video Communication (ZM) rallied as the coronavirus spiked in the U.S. and abroad, giving an impression of a possible new infection rate.
Goldman Sachs has presented a list of 15 European stocks of the companies with a potential for merger and acquisition based on current business outlook.
SoftBank’s decision to sell T-Mobile shares is part of the company’s efforts to boost liquidity in a bid to fight the negative economic of the coronavirus pandemic.
Virgin Galactic signed an agreement with NASA that will allow the space tourism venture to train astronauts for trips to the International Space Station. SPCE stock price is rising.
Walmart (WMT) stock stays in the green zone as UBS analyst Michael Lasser placed an upgrade call at the retail giant’s shares. This call was inspired by the company’s recent upgrade in tech, enhanced productivity, and massive eCommerce sales.
As coronavirus cases all over the world began to rise again, European stocks are feeling the heat and have started to fall, with many of them being afraid of increased lockdown.
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.
It has become known that Tesla Model Y with 7 seats will probably become available this year already. Meanwhile, TSLA stock price is down.
American Airlines (AAL) stock price is falling as the company wants to get $3.5 billion in fresh financing. $1.5 billion is to be received through share sales and the issuance of convertible debt notes. The second part will be offered in secured notes.
The Italian Banking Association (ABI) voiced its desire to develop a European Central Bank-backed digital currency for Italy. This way the banks want to boost Italy’s financial and economic ecosystems.
Apple is going to deepen its investment in healthcare in order to realize its vision of making its greatest contributions in the industry. Meanwhile, AAPL stock is in the red.
Tesla (TSLA) stock has difficulties in fixing its positions above $1,000. After hours it has gone below this milestone level again.
The free-trading and popular trading app platform Robinhood said that it is planning to introduce more security checks and eligibility requirements for higher-value options trading.