Business news

Shell share price forms a triangle as focus shifts to July 27

July 17, 2023 08:10 PM AEST | By Invezz

Shell (LON: SHEL) share price is having a difficult year as investors watch the performance of crude oil and natural gas prices. The stock was trading...

Palm oil price forecast as the El Nino weather event takes shape

July 17, 2023 06:10 PM AEST | By Invezz

Palm oil prices have drifted upward this month as investors focus on Indonesia’s export restrictions and El Nino trends. Malaysia’s palm o...

Laundry Detergent Market Poised for Substantial Growth, Projected to...

July 17, 2023 05:11 PM AEST | By EIN Presswire

Laundry Detergent Market The gel segment is estimated to witness the fastest growth, registering a CAGR of 6.1% during the forecast period. In the rec...

USD/IDR: Indonesia rupiah pressured as exports and imports slump

July 17, 2023 02:37 PM AEST | By Invezz

The USD/IDR exchange rate drifted upwards on Monday after Indonesia published another set of weak trade numbers. The pair jumped to 15,000, a few poin...

China’s yuan (CNY/USD) slips as China’s youth unemployment soars

July 17, 2023 02:15 PM AEST | By Invezz

The Chinese yuan slipped modestly on Monday after the latest China GDP, employment, and industrial production data. The closely-watched USD/CNY price...

STI index: Is it safe to buy Singapore stocks as they underperform?

July 17, 2023 03:10 AM AEST | By Invezz

The Strait Time Index (STI) index has underperformed its global peers as concerns about Singapore slowdown continues. The index, which tracks the bigg...

LAZR stock price is having a lackluster year: Is Luminar a good buy?

July 15, 2023 05:17 PM AEST | By Invezz

are up by about 50% year-to-date but they remain about 33% below the highest point during the year. In all, the stock has plunged by over 80% from its...

UnitedHealth shares jump 8.0% on strong Q2: analyst still sees signi...

July 15, 2023 08:56 AM AEST | By Invezz

UnitedHealth Group Inc (NYSE: UNH) is up roughly 8.0% on Friday after the managed healthcare company reported a strong second quarter. UnitedHealth sh...

Buy Microsoft stock as the ‘set up is too attractive’ to not – analy...

July 15, 2023 05:08 AM AEST | By Invezz

Microsoft Corp (NASDAQ: MSFT) has underperformed relative to its peers since early May and that creates an opportunity to buy a quality name at an att...

Eli Lilly to expand in obesity drugs with $1.925 billion acquisition...

July 15, 2023 03:51 AM AEST | By Invezz

Shares of Eli Lilly & Co (NYSE: LLY) gained nearly 4.0% today after the pharmaceutical behemoth said it will buy Versanis Bio for up to $1.925 bil...

iShares Russell 2000 (IWM) ETF just formed a bullish golden cross

July 15, 2023 03:01 AM AEST | By Invezz

The iShares Russell 2000 ETF (IWM) has done well recently as demand for American shares jumps. The fund, which tracks the top small-cap stocks in the...

Analyst: Wells Fargo has one of the ‘best deposit bases’ despite a 6...

July 15, 2023 02:41 AM AEST | By Invezz

Wells Fargo & Co (NYSE: WFC) reported better-than-expected results for its fiscal second quarter on Friday. Its shares are up slightly this mornin...

Shopify stock price is severely overvalued: Is it a safe buy?

July 15, 2023 02:30 AM AEST | By Invezz

Shopify (NYSE: SHOP) stock price made a bullish breakout this week and surged to the highest level since April last year. The shares have surged by mo...

Pro says ‘AI is the new industrial revolution’ – would it benefit Sh...

July 15, 2023 01:40 AM AEST | By Invezz

Artificial intelligence has really been a boon for the S&P 500 that’s now up roughly 18% year-to-date. Still, many believe the emerging tech...

Nikola stock price short squeeze: get out when you can

July 15, 2023 12:30 AM AEST | By Invezz

Nikola (NASDAQ: NKLA) stock price surged by more than 60% on Thursday as investors cheered a big order for the company’s hydrogen trucks. The sh...

Bitcoin’s market dominance hits record lows as altcoins soar post-XR...

July 14, 2023 10:15 PM AEST | By Invezz

Bitcoin’s dominance, its share of the overall cryptocurrency market, dipped on Thursday following Ripple’s win against the United States S...

JP Morgan revenue and profits surge as interest rates rise

July 14, 2023 09:27 PM AEST | By Invezz

JP Morgan (NYSE: JPM), the biggest bank in the US, published strong financial results that beat analysts estimates. The company benefited from the ris...

Carvana stock could crash over 70%: JPMorgan warns

July 14, 2023 05:39 AM AEST | By Invezz

Carvana Co (NYSE: CVNA) is grossly overvalued and runs the risk of a sharp decline in the coming months, says Rajat Gupta – a JPMorgan analyst....

iShares Dividend Growth ETF (DGRO) analysis as inflows resume

July 14, 2023 04:09 AM AEST | By Invezz

The iShares Core Dividend Growth ETF (DGRO) is one of the best-performing dividend funds this year. The fund has jumped to the highest level since Apr...

Palladium and platinum prices forecast: Will this recovery last?