Twilio is yet to surprise the markets and investors hinting at higher than expected revenues in its latest filing with the SEC. The company also announced new products and initiatives at its recently held Signal conference.
Nikola (NKLA) stock closed 17.72% up following the company’s claims to maintain its production timeline. However, it is still unable to erase the over 35% loss suffered since the whole Hindenburg Research saga.
PepsiCo reported revenue of $18.09 billion versus the anticipated $17.23 billion. PEP shares haven’t been significantly affected.
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).
The Tokyo Stock Exchange (TSE) noted that the system glitch was due to a failed switch over to backups following a hardware breakdown.
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.