After last year’s announcement to allow political ads, Facebook will ban these ads shortly before the upcoming elections. FB stock price is falling.
After announcing more jobs in the U.S., Amazon has recently revealed plans to add more permanent roles in the UK. The company is also open to temporary employees.
French drugmaker Sanofi and Britain’s GlaxoSmithKline revealed that they had started a clinical trial of their protein-based COVID-19 vaccine candidate, aimed at reaching the final testing stage by December.
Alphabet Inc. stock (NASDAQ: GOOGL) jumped 3.76% yesterday to close the day trading at $1717.39. This came after the company announced plans to develop a self-sufficient new town-like tech hub in the Mountain View area.
Despite the green ticks seen in key tech stocks, traders appear to have taken profit off the shares of Apple and Tesla as both stocks strive to stabilize after the implementation of their respective stock splits.
Through a filing to the SEC, Baillie Gifford & Co. disclosed that it has sold 19.23M of Tesla (TSLA) shares to meet the company’s internal guidelines. Tesla shares dropped by nearly 5% yesterday and lost another 2% after hours.
Li’s 8.5% stake in Zoom (ZM) added $3.2 billion to the billionaire’s wealth yesterday following Zoom’s cataclysmic growth amid the pandemic.
Macy’s jumped over 6% at the pre-market. The surge is attributed to the stronger than anticipated 2020 Q2 results across all its three brands: Macy’s, Bloomingdale’s and Bluemercury.
Zoom (ZM) stock surged 40.78% on Tuesday. The impressive performance is attributed to the 2020 Q2 results released earlier in the week.
Tesla plans to sell its stocks worth $5 billion through banks. Wedbush analyst Dan Ives called this idea a “smart move”.
Apple expects a massive demand for its upcoming flagship 5G iPhone 12 and is all geared up for the launch next month in October 2020. Apple has successfully dodged the coronavirus economic slowdown and despite the contracting economy, it expects to do it in the coming quarters as well.
Amazon (AMZN) stock price is rising after the company has announced that its drone delivery fleet was approved by the FAA for trial commercial flights.
With a massive success for the company despite the COVID-19 economic crisis, the Tesla CEO has added a whopping $87 billion to his personal wealth in 2020. Elon Musk’s net worth currently stands at around $115 billion.
With the Dow measuring the stock performance of 30 large companies listed on stock exchanges in the United States, its rise is an indication that the big market cap companies are headed for a bull run.
Zoom posted Q2 revenue of $663.5 million outperforming the benchmark of $500.5 million. ZM stock is up today in the pre-market.