Business news

Petrofac receives a new contract from Abu Dhabi National Oil Company

Petrofac Ltd (LON: PFC) ended about 7.0% up on Friday after confirming to have received a sizable contract from the Abu Dhabi National Oil Company. De...

Barratt Developments reveals a new partnership with Citra Living

Barratt Developments PLC (LON: BDEV) ended slightly up on Friday after announcing a new partnership with Citra Living. Barratt to sell homes to Citra...

Dominion Energy lowers Q2 guidance: ‘it’s a little too risky for me’

Shares of Dominion Energy Inc (NYSE: D) are keeping resilient even after the power and energy company lowered its future guidance on Friday. Dominion...

Buy Solaredge shares for a 50% return in 12 months: Bank of America

Solaredge Technologies Inc (NASDAQ: SEDG) has been rather dull since the start of this year but a Bank of America analyst is convinced the story movin...

Constellation Brands beats earnings estimates on strong beer sales

Constellation Brands Inc (NYSE: STZ) cited the strength in its beer business as it reported market-beating results for its first financial quarter on...

Apple becomes the world’s first $3.0 trillion company

Apple Inc (NASDAQ: AAPL) is in focus this morning after it became the world’s first company to hit $3.0 trillion in market cap. Citi sees furthe...

Interest rate differentials – an explanation of 2023 market moves

Inflation rose in 2022 to levels not seen in the last four decades in the developed world. In hindsight, it shouldn’t surprise anyone, given how...

Euro area’s excess liquidity declines the most on record – time to b...

Following the 2008-2009 Great Financial Crisis, major central banks adopted unconventional measures in their monetary policy decisions. One such measu...

China’s contracting PMI hurt by decline in factory output and weaker...

The world breathed a collective sigh of relief when China finally came back online into the global economy. Through a mix of public health controls an...

Nike Q4 earnings are ‘not suggestive of a recession’

Nike Inc (NYSE: NKE) ticked lower in extended hours after reporting weaker-than-expected earnings for its fourth financial quarter. Why else is Nike s...

Overstock to relaunch Bed Bath & Beyond: ‘it describes who we are’

Overstock.com Inc (NASDAQ: OSTK) gained 20% on Thursday after announcing plans of changing its name to Bed Bath & Beyond. Overstock bought BBBY&#8...

Eli Lilly to buy Sigilon Therapeutics on a massive premium

Shares of Sigilon Therapeutics Inc (NASDAQ: SGTX) soared more than 500% today after Eli Lilly & Co (NYSE: LLY) said it will buy the biopharmaceuti...

KeyBanc analyst ‘prefers to step aside’ from Disney stock: explore w...

Walt Disney Co (NYSE: DIS) is roughly flat for the year at writing but a KeyBanc analyst still doesn’t find it an attractive buying opportunity....

H&M stock jumps 20% on boost to profit and a ‘good start’ to Q3

H&M Group (STO: HM-B) jumped about 20% on Thursday after reporting a boost to profit in its second financial quarter. Why else is H&M stock up...

Fed annual stress test result: ‘you’re safer in largest global banks...

Banks stocks are in focus this morning after the Federal Reserve confirmed that they are well-positioned to weather a severe recession. Pro reacts to...

The greenback soars across the board as US Final GDP data revised hi...

The Gross Domestic Product (GDP) shows the change in the value of all goods and services produced in an economy. The United States has three releases...

Joby Aviation stock price could tumble by ~20% despite FAA surge

Joby Aviation (NYSE: JOBY) stock price has been a breakout star this year as investors cheer the upcoming launch, its DoD contract, and its first-move...

4 things FX traders should consider before the end of the month

Tomorrow is the last trading day of the month, which is important for FX traders. First, the end of the month is on a Friday, which means volatility w...

“It’s a mess” – Pro blasts Bank of America CEO for its $100B problem

America’s large systematically important banks passed their stress tests. The report by the Federal Reserve provides some relief to policymakers...

Next PLC share price could jump to 7,080p if it clears this hurdle

Next PLC (LON: NXTL) share price has made a strong recovery in June after the company published strong financial results last week. The stock jumped t...