Stocks

Blackstone Swings to Record Profit in Q1’21

Summary The investment company posted a profit of US$1.75 billion against a loss of US$1.07 billion in the year-ago period. Total revenue during t...

AT&T Shares Rally On Strong Q1 Wireless Subscriber Growth

Summary CEO John Stankey said the addition of 595,000 postpaid phones was the best in the first quarter in more than ten years. WarnerMedia unit&r...

Why are Women More Exhausted after Video Conferencing?

Summary Zoom fatigue refers to the exhaustive feeling of tiredness after prolonged video conferences. A new study from Stanford University found w...

Two REIT Stocks to Watch on NYSE

Summary Shares of New York-based VICI Properties have grown 18.14 percent this year. SL Green, which invests in office buildings, saw its share pr...

ASML Holding Shares Rally on Higher 2021 Sales Estimate

Summary The Dutch semiconductor equipment maker projects 2021 sales to grow 30 percent. First-quarter net sales rose to €4.36 billion from &e...

P&G to Hike Prices Over Rising Commodity Cost; Posts Robust Q3’21 Re...

Summary Prices will increase for P&G’s products in its baby care, feminine care and adult incontinence categories. The consumer products...

Altria, British American Tobacco Stocks Tumble as FDA Reportedly Loo...

Summary The U.S. Food and Drug Administration is reportedly considering to cut nicotine level in cigarettes. Altria’s share dropped around 1...

General Motors-LG Energy JV to Invest US$2.3B for Second Battery Pla...

Source: P5h, Shutterstock Summary The second Ultium battery cell plant coming up at Spring Hill, Tennessee, will open in late 2023. The facilit...

Citigroup to Exit Consumer Business Franchises in 13 Asia, EMEA Mark...

Source: Freedomz, Shutterstock Summary Citi CEO said the 13 markets have an excellent business but do not have the scale to compete. Citi will...

PepsiCo’s Q1’21 Revenue Up 6.8%, Reiterates 2021 Guidance

Source: Kowit Lanchu, Shutterstock Summary Organic revenue during the first quarter grew 2.4 percent year over year. Net income rose to US$1.71...

JP Morgan, Goldman Sachs, Wells Fargo Report Strong Q1’21 Earnings

Source: Freedomz, Shutterstock Summary JP Morgan posted 399 percent year over year growth in its first quarter net income Wells Fargo’s n...

Nuance Stock Rallies on Microsoft’s US$19.7B deal

Source: Pixabay Summary Microsoft will pay US$56 per Nuance share, which represents a 23 percent premium on Friday’s closing price. The U...

Palantir (NYSE:PLTR) Stock Climbs 135% Since September 2020 Debut

Source: Bro Crock, Shutterstock Summary The data analytic firm went public on NYSE in September 2021 through a direct listing. Palantir’s...

2 COVID Vaccine Stocks to Watch In 2021

Source:solarseven, Shutterstock Summary Moderna anticipates US$18.4 billion in sales from its COVID-19 vaccines in 2021. Pfizer forecasts COVID...

Facebook Removes 16,000 Groups over Fake, Misleading Reviews

Source:pkstudio, Shutterstock Summary The UK competition watchdog finds evidence of fake reviews on Facebook and Instagram. The social media gi...

Amazon Wins Key Vote Against Drive For Alabama Warehouse Union

Source:Tada Images, Shutterstock Summary Of the total votes, 1,798 were against unionizing while 738 were in favor. This verdict successfully th...

Why FuboTV Inc. (NYSE:FUBO) Is in Spotlight Today?

Source:issaro prakalung, Shutterstock Summary FuboTV stocks jump 17 percent after securing streaming rights to World Cup qualifying matches. Th...

Taking Cue From Uber, Lyft, Grab Eyes US Listing Via SPAC Deal

Source:ANDRANIK HAKOBYAN, Shutterstock Summary Singaporean ride-hailing company to announce a SPAC merger for US listing. The deal could value...

Prosus To Reduce Stake In Tencent To 28.9%

Source:Pla2na, Shutterstock Summary Prosus plans to cut its stake in Tencent to 28.9 percent from 30.9 percent by selling 191.9 million shares....

Five Blue-Chip Stocks For Long-Term Investment

Source:ShutterstockProfessional, Shutterstock Summary Blue-chip stocks are industry leaders which managed to weather the storms in the market....