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 Coursera stock price forms golden cross as active users jump

Coursera stock price forms golden cross as active users jump

July 29, 2023 09:17 PM AEST| By Invezz

Coursera (NASDAQ: COUR) stock price made a strong comeback after the company published strong financial results. The shares surged to a high of $15.25, the highest level since February 15. The stock has jumped by more than 54% from the lowest level t...

 Reata Pharmaceuticals stock opened 50% up on Friday: what happened?

Reata Pharmaceuticals stock opened 50% up on Friday: what happened?

July 29, 2023 02:49 AM AEST| By Invezz

Shares of Reata Pharmaceuticals Inc (NASDAQ: RETA) opened more than 50% up this morning after Biogen Inc (NASDAQ: BIIB) said it will buy the pharma company for $7.3 billion. Why is Biogen making this acquisition? The all-cash agreement values each sh...

 P&G says ‘momentum is generally building’ after solid Q4 results

P&G says ‘momentum is generally building’ after solid Q4 results

July 29, 2023 01:11 AM AEST| By Invezz

Procter & Gamble Co (NYSE: PG) inched up this morning after reporting better-than-expected results for its fourth financial quarter. P&G’s guidance for the full year The consumer goods giant also said that it now expects between $6.25 a...

 My QuantumScape (QS) stock forecast was right: What next now?

My QuantumScape (QS) stock forecast was right: What next now?

July 29, 2023 12:45 AM AEST| By Invezz

QuantumScape (NYSE: QS) stock price has been one of the biggest winners this week. The shares surged by more than 14% on Thursday and reached a high of $13.20, which was the highest level since August 11. In all, the stock has jumped by more than 120...

 Chevron and ExxonMobil profits slipped as Q2 crude oil prices fell

Chevron and ExxonMobil profits slipped as Q2 crude oil prices fell

July 28, 2023 08:56 PM AEST| By Invezz

Chevron (NYSE: CVX), one of the biggest energy companies in the world, published weak financial results as oil and natural gas prices retreated. Like its European peers, the company said that its revenue dropped to $47.2 billion in Q2 from over $65.4...

 Meta reports a strong Q2: ‘this is Meta specific’

Meta reports a strong Q2: ‘this is Meta specific’

July 27, 2023 07:58 AM AEST| By Invezz

Shares of Meta Platforms Inc (NASDAQ: META) jumped 6.0% in extended hours after the tech behemoth reported better-than-expected results for its fiscal second quarter. Meta shares up on upbeat guidance The stock is responding to the revenue guidance f...

 AstraZeneca share price: death cross nears ahead of earnings

AstraZeneca share price: death cross nears ahead of earnings

July 27, 2023 06:17 AM AEST| By Invezz

AstraZeneca (LON: AZN) share price has struggled in the past few weeks as concerns about its cancer drug. After soaring to a record high of 12,350 in April, the stock has plunged by ~14% to 10,650, meaning it has moved into a correction.  AstraZ...

 Rolls-Royce just raised its guidance for the full year

Rolls-Royce just raised its guidance for the full year

July 27, 2023 02:48 AM AEST| By Invezz

Rolls-Royce Holdings PLC (LON: RR) is up 20% this morning after raising its guidance for full-year underlying operating profit. Rolls-Royce sees nearly £1.0 billion in FCF The aerospace and defence company now forecasts its underlying operating...

 Boeing CEO on Q2 report: ‘quality of the backlog has never been better’

Boeing CEO on Q2 report: ‘quality of the backlog has never been better’

July 27, 2023 02:36 AM AEST| By Invezz

Boeing Co (NYSE: BA) is up 6.0% this morning after reporting financial results for its second quarter that handily topped Street estimates. Boeing stock up on FCF guidance Investors are content also because the aerospace giant reiterated its full-yea...

 The AI revolution is here – should you buy AI stocks?

The AI revolution is here – should you buy AI stocks?

July 26, 2023 09:34 PM AEST| By Invezz

Artificial Intelligence (AI) is on everybody’s lips in 2023. Everyone is excited about AI at the moment, and the excitement is visible in the stock market. Just have a look at the worldwide Google search for “Artificial Intelligence.̶...

 Blackstone Mortgage Trust revenue beats as stock price rallies

Blackstone Mortgage Trust revenue beats as stock price rallies

July 26, 2023 09:33 PM AEST| By Invezz

Blackstone Mortgage Trust (NYSE: BXMT) published strong financial results for the second quarter. In a statement, the company’s interest and related income rose from over $283 million in 2022 to over $521.8 million. Interest and related expense...

 OKX Releases Industry Leading 9th Consecutive Proof of Reserves in July, Showing USD$11.3 billion in Primary Assets

OKX Releases Industry Leading 9th Consecutive Proof of Reserves in July, Showing USD$11.3 billion in Primary Assets

July 26, 2023 07:00 PM AEST| By Invezz

HONG KONG, HONG KONG, July 26th, 2023, Chainwire OKX, a leading crypto exchange by trading volume and Web3 technology company, has published its industry-best ninth consecutive monthly Proof of Reserves (PoR), showing a balance of USD$11.3 billion in...

 Gene Munster picks Google stock over Microsoft after Q2 earnings

Gene Munster picks Google stock over Microsoft after Q2 earnings

July 26, 2023 09:32 AM AEST| By Invezz

Alphabet Inc (NASDAQ: GOOGL) says it performed better-than-expected in its second financial quarter. Shares jumped roughly 8.0% in after-hours. Pro reacts to Google’s earnings print The multinational brought in $42.63 billion from its “se...

 Microsoft Q4 results: ‘they’re at top of the mountain to monetise AI’

Microsoft Q4 results: ‘they’re at top of the mountain to monetise AI’

July 26, 2023 08:34 AM AEST| By Invezz

Microsoft Corp (NASDAQ: MSFT) inched down in after-hours on Tuesday even though it reported market-beating results for its fourth financial quarter. Azure slowed down in the fourth quarter Investors seem unhappy with Azure, though, which came in down...

 Snap stock tanks 20% on a ‘disaster’ second quarter

Snap stock tanks 20% on a ‘disaster’ second quarter

July 26, 2023 07:24 AM AEST| By Invezz

Snap Inc (NYSE: SNAP) just reported its financial results for the second quarter that came in slightly ahead of estimates. Shares still tanked nearly 20% in extended hours. Why is Snap stock being punished? The stock is being punished primarily for t...

 Unilever just raised its guidance for the full year

Unilever just raised its guidance for the full year

July 26, 2023 02:13 AM AEST| By Invezz

Shares of Unilever plc (LON: ULVR) gained about 5.0% today after the consumer goods giant said it performed well in the second quarter. Unilever beats turnover forecast in Q2 The multinational saw €15.74 billion ($17.39 billion) in turnover ver...

 General Motors Q2 earnings: ‘market can’t ignore fundamentals too long’

General Motors Q2 earnings: ‘market can’t ignore fundamentals too long’

July 26, 2023 01:41 AM AEST| By Invezz

General Motors Company (NYSE: GM) is in the red this morning even though it reported a strong second quarter. CFO Jacobson reacts to the earnings print The price action is all the more interesting considering the automaker raised its guidance for the...

 Xandeum, the L1 with Scalable Storage Layer, Announces Grand Launch on July 30

Xandeum, the L1 with Scalable Storage Layer, Announces Grand Launch on July 30

July 25, 2023 11:10 PM AEST| By Invezz

Las Vegas, Nevada, July 25th, 2023, Chainwire Xandeum, a trailblazing blockchain startup committed to accelerating humanity’s transition to decentralized control, announces its highly anticipated launch on July 30, 2023, at 11:00 am PT. Leverag...

 Top 3 DJIA component returns in 2023

Top 3 DJIA component returns in 2023

July 25, 2023 11:02 PM AEST| By Invezz

When central banks raise interest rates, bond prices fall because yields rise. As such, bonds become an attractive investment, while investing in the stock market bears more risk. That is especially true when the tightening cycle is long like it is n...

 Spotify raises prices a day ahead of its Q2 financial results

Spotify raises prices a day ahead of its Q2 financial results

July 25, 2023 10:25 AM AEST| By Invezz

Spotify Technology SA (NYSE: SPOT) says it’s premium ad-free subscription will now cost a little bit more. Shares ended about 8.0% down on Monday. How much did Spotify lift prices? The music and podcast streaming company raised the price of its...

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