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Tesla shares were trading sharply lower in aftermarkets on Friday after it failed to get an entry into the S&P 500. It had become eligible for inclusion into the index after posting a net profit in the second quarter of 2020, its fourth consecutive profitable quarter. S&P 500 gets three new constituents Despite Tesla theoretically…
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Berkshire Hathaway revealed in its second-quarter filing it had repurchased a record $5.1bn of its shares, begging the question for many investors, should they follow Warren Buffett and buy the conglomerate’s stock? The previous quarterly record for Berkshire Hathaway’s repurchases was $2.2bn in the fourth quarter of 2019 taking its yearly total to $5bn. The…
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Dan Gilbert (pictured), the owner of America’s largest retail mortgage lender Quicken Loans, successfully became one of the world’s mega-rich after his fortune soared to $34bn following the Rocket flotation on Thursday. Gilbert, 58, is a self-made billionaire who built Rocket (RKT) – its parent company is Quicken – from scratch since 1985. In roughly…
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This is an advertorial. On Thursday, July 30, the markets will need to absorb the financial results of 4 of the major tech companies that have been driving the market rally. Apple, Amazon, Facebook, and Alphabet are set to provide financial information to the market after the closing bell. This could be a historic momentum…
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AT&T earnings will be released on Thursday before the market opens and analysts expect them to fall as the communications and media conglomerate deals with thorny issues to do with the coronavirus pandemic’s impact on US consumer spending. Analysts expect AT&T to report 79 cents in second-quarter adjusted earnings per share, down from 89 cents…
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US medical device giant Medtronic said it will buy Medicrea, a French maker of implant technology tools, to strengthen its spinal surgery business. Medtronic, which is based in Dublin for tax purposes but has its operational headquarters in Minnesota, said in an agreed deal it will offer Medicrea shareholders €7 per share, which represents a…
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Lloyds’ chief executive António Horta-Osório announced on Monday that he plans to step down from his position at the British bank in mid-June 2021 after 10 years at the helm. The announcement seemed to give the bank’s shares a boost in Monday’s trading session. Horta-Osório’s departure was widely anticipated, even though it comes at a…
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The US unit of Germany’s fallen digital payments giant Wirecard has put itself up for sale, saying it continues to operate normally. “Wirecard North America continues to operate without any disruption to clients and cardholders. The strong, independent cash flow and financial position of Wirecard North America allow us to operate the business on a…
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Retail giant Amazon has agreed to buy self-driving startup Zoox in a deal reported to be worth more than $1bn and expands its presence in this cutting edge technology. that gives it options to use autonomous technology in either ride-hailing or its delivery network. The world’s largest online retailer paid $1.2bn for the smaller California-based…
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The coronavirus crisis may have wreaked havoc through markets, entire industries and economies but some brands that have emerged stronger than before after the lockdown. One such company is Netflix, which has seen a growing interest from investors and stock brokers in Netflix stock. Netflix stock has outperformed the Zacks Broadcast Radio and Television industry…
