Consumer Stocks

BA., BRBY, IHG, EZJ: to watch out for long term

 BA., BRBY, IHG, EZJ: to watch out for long term

Highlights Cyclical stocks are the stocks of companies that get affected due to the fluctuation in the economy, which means their stock prices go up and down by business cycle fluctuation. Cyclical stocks are the companies that manufacture and ...

Read More...
COVID-19 Patients fill over 40% of ICU beds in Paris, an alarm bell for Europe?

COVID-19 Patients fill over 40% of ICU beds in Paris, an alarm bell for Europe?

The ongoing COVID-19 pandemic caused by the novel coronavirus (SARS-CoV-2) continues to wreak havoc all over the world. According to the WHO, there have been 41.57 million confirmed cases of COVID-19, including 1,134,940 fatalities across the world...

Read More...
UK Retail Sales Accelerated by 1.5% in September

UK Retail Sales Accelerated by 1.5% in September

US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 3.14 points or 0.09 per cent lower at 3,450.35, Dow Jones Industrial Average Index contracted by 105.01 points or 0.37 per cent lower at 28,25...

Read More...
Tesla drives profits for fifth quarter in a row

Tesla drives profits for fifth quarter in a row

Summary Despite the coronavirus pandemic, sales at Tesla have scaled up to reach a new record high Tesla hoped to meet its vehicle target set for the year 2020 but said it could be tougher Having enjoyed the first mover advantage, Tesla is now...

Read More...
UK consumer confidence index falls as fear of recession mounts

UK consumer confidence index falls as fear of recession mounts

The United Kingdom is currently experiencing the second wave of the Covid-19 with tougher social distancing restrictions being introduced. The prime minister has strengthened the social distancing measures currently in force in the UK to curb the s...

Read More...
Nikola stock rises as GM backs electric truck deal  

Nikola stock rises as GM backs electric truck deal  

Summary The share price of Nikola surged almost 10 per cent on NASDAQ after President of GM said that there still remained potential in partnership with the electric and hydrogen truck startup. GM said that a partnership with Nikola provided it...

Read More...
FTSE 100 inches up as Sunak rolls out extra job support

FTSE 100 inches up as Sunak rolls out extra job support

  Rishi Sunak, Chancellor, UK Treasury had granted additional support under the earlier announced Jobs Support Scheme (JSS) which begins on 1 November 2020 and would last for a period of six months. The economy needs support to sustain itself...

Read More...
UK Secures Its First Post-Brexit Trade Deal with Japan

UK Secures Its First Post-Brexit Trade Deal with Japan

In a major success for the Boris Johnson government, United Kingdom has secured its first major trade deal with Japan since it broke away from the European Union. The deal which was signed in Tokyo on 23 October 2020, has been given the name The UK...

Read More...
Tesla to ship cars from Shanghai plant, improve shipment time for Asia and EU

Tesla to ship cars from Shanghai plant, improve shipment time for Asia and EU

The futuristic-car maker Tesla (NASDAQ:TSLA) has new plans in mind for the local supply of its vehicles. Tesla CEO Elon Musk introduced a new project for car shipments directly from the Shanghai ‘Gigafactory’. With this move, Mr Musk w...

Read More...
Tesla smashes market estimates in Q3; General Motors reveals EV plans

Tesla smashes market estimates in Q3; General Motors reveals EV plans

Tesla, Inc. came up with another banger in the September quarter show, which was labelled as the ‘best quarter in history’ by Elon Musk. But optimists believe that best is yet to come, at least from new factories in two other continents...

Read More...
Gilead (NASDAQ:GILD) Share Price Moves up after FDA Approves Veklury® (remdesivir)

Gilead (NASDAQ:GILD) Share Price Moves up after FDA Approves Veklury® (remdesivir)

On 22 October 2020, the US FDA gave the green light to Gilead’s Veklury® (remdesivir) making the antiviral drug the first officially approved treatment for COVID-19, an infection caused by the novel coronavirus, SARS-CoV-2. The shar...

Read More...