Business news

Fintech stock Adyen crashed 40% on Thursday: here’s why

Adyen NV (AMS: ADYEN) was hit quite hard this morning after recording lacklustre performance for the first six months of 2023. Adyen CFO still sounded...

BAE is spending $5.55 billion to buy Ball Aerospace

BAE Systems plc (LON: BA) just revealed plans of buying the aerospace business of Ball Corp (NYSE: BALL) for $5.55 billion in cash. What’s in it...

Walmart reports solid eCommerce sales for Q2: ‘it’s gaining share fr...

Walmart Inc (NYSE: WMT) had a strong second quarter as it continued to gain share in groceries resulting in strong food sales. Walmart’s guidanc...

Tapestry stock sell-off extends as quarterly revenue slips

Tapestry (NYSE: TPR), the parent company of Coach, Kate Spade, and Stuart Weitzman, published weaker-than-expected results. Its revenue dropped slight...

Greencoat UK Wind share price has dipped: Buy the dip?

Greencoat UK Wind (LON: UKW) share price has come under intense pressure in the past few months as concerns about renewable energy continue. The share...

HSBC share price is plunging amid China real estate exposure risks

HSBC (LON: HSBA) share price has nosedived in the past few days as investors assess its exposure to China and Hong Kong. The stock peaked at 657p on A...

Tulane Business Forum explores Louisiana’s next generation economy

New Orleans, United States, August 15th, 2023, FinanceWire Presented by the Tulane Association of Business Alumni (TABA), the 44th annual forum will l...

Is Paramount (PARA) stock a bargain or a value trap?

Paramount Global (NASDAQ: PARA) stock price has underperformed the broader American stock market and its media peers. The shares surged to $94.40 in M...

Is Energy Transfer stock a buy after the Crestwood buyout?

Energy Transfer (NYSE: ET) stock price has been a shining star in the energy market for years. The shares have consistently outperformed popular energ...

Shanghai index pressured as China black swan events mount

The Shanghai Composite index sell-off continued this week as concerns about the Chinese economy continued. It plunged to a low of CNY 3,120 on Thursda...

VinFast stock price surged: Learn from Rivian, Mullen and avoid

VinFast (NASDAQ: VFS) stock price surged this week after the company completed its SPAC merger with Black Spade Acquisition. The shares initially surg...

Cisco Q4 earnings: ‘we’re gaining market share and innovating in AI’

Cisco Systems Inc (NASDAQ: CSCO) jumped 3.0% in extended hours after reporting a strong fourth quarter on the back of a 30% sequential increase in pro...

Occidental Petroleum just bought Carbon Engineering for $1.1 billion

Occidental Petroleum Corp (NYSE: OXY) just announced plans of buying Carbon Engineering for about $1.1 billion. Its shares are down 2.0% at writing. W...

USD/RUB, GBP/RUB: Russian ruble currency control could backfire

The Russian ruble has rebounded sharply in the past two days as investors react to the actions by Kremlin to stem its sell-off. The GBP/RUB pair retre...

Chevron share price forecast: Mizuho sees a 30% upside

Chevron Corporation (NYSE: CVX) is currently down more than 15% versus its year-to-date high but a Mizuho analyst is convinced the story moving forwar...

GM is investing in an AI-powered EV battery startup

General Motors Co (NYSE: GM) is investing $60 million in a California-based startup Mitra Chem to expand its footprint in EV batteries. Mitra Chem is...

Aviva CEO on H1 results: ‘we saw really strong growth in first half’

Aviva plc (LON: AV) ended slightly up on Wednesday after reporting a year-on-year increase in its first-half operating profit. Aviva saw its profit ju...

Target lowers its full-year sales guidance: ‘stock has hit the low’

Target Corp (NYSE: TGT) saw its sales decline in the second quarter even though consumer remained strong and a bunch of economists took a step back fr...

Morgan Stanley’s Chris Toomey: Be patient in this market

Chris Toomey, Morgan Stanley managing director and private wealth advisor, is convinced stocks could trade lower still. The S&P 500 that is just i...

ZIM Integrated dividend drought continues as outlook darkens

ZIM Integrated’s (NYSE: ZIM) woes continued in Q2 as demand for shipping waned and shipping costs tumbled. Its revenue plunged to $3.4 billion d...