Business news

Widlitz says Amazon Prime Day is ‘not only about selling stuff’

Amazon.com Inc (NASDAQ: AMZN) is in focus this morning as the eCommerce giant kicked off its much-awaited Prime Day sale. Prime Day is about gaining s...

HSBC share price loses momentum ahead of bank earnings

The HSBC (LON: HSBA) share price has outperformed other British banks like Lloyds, Barclays, and Virgin Money. It has soared by more than 20% this yea...

EUR/GBP analysis as a double bottom pattern slowly forms

The euro to pound (EUR/GBP) exchange rate continued the downward trend on Tuesday. The pair dropped to a low of 0.8550, a few points below last month&...

Silver price breaks and retests ahead of US inflation data

Silver price has drifted upwards in the past few days as investors react to the falling US dollar index (DXY). The precious metal’s price rose t...

Dow Jones index forms bullish patterns as hedge funds turn sour

The Dow Jones Industrial Index (DJIA) has moved sideways in the past few months as technology stocks outperform value companies. The index was trading...

Carvana stock rallies on exponential growth in its EV segment

Carvana Co (NYSE: CVNA) gained as much as 15% this morning after reporting exponential growth in its EV segment. Carvana reveals top-selling used elec...

MULN stock price forecast: Is Mullen too cheap or a value trap?

The automotive industry is a difficult one, as evidenced by some of the biggest bankruptcies in the sector. For example, General Motors (NYSE: GM) and...

Jim Cramer says be ‘very careful’ on J&J stock: here’s why

Investors should be cautious in capitalising on a 10% year-to-date decline in Johnson & Johnson (NYSE: JNJ), says the Mad Money host Jim Cramer. C...

Don’t buy Schwab US Dividend Equity (SCHD): Buy these ETFs instead

The Schwab US Dividend Equity ETF (SCHD) stock has drifted upwards after falling to $68.50 in May. It has risen by about 5% to the current $72. In all...

Tom Lee explains how the S&P 500 may react to the CPI print

S&P 500 will likely recover last week’s decline after the inflation data on the coming Wednesday, says Tom Lee – the Founder of Fundst...

Barclays share price waits for US bank earnings season: is it a buy?

Barclays (LON: BARC) share price will be in the spotlight this week as its American counterparts publish their quarterly results. The stock has gone n...

BT CEO reveals plans of stepping down

BT Group (LON: BT.A) is roughly flat on Monday after its CEO Philip Jansen revealed plans of stepping down within the next twelve months. BT stock has...

Fisker to raise additional capital as cash burn continues

Fisker Automotive (NYSE: FSR), an upcoming electric vehicle company is raising additional capital to boost its balance sheet. In a statement, the firm...

JEPI ETF is lagging the SPY: Here’s why it’s still a good buy

The JPMorgan Equity Premium Income (JEPI) ETF has underperformed the broader market this year as the S&P 500 index has jumped. JEPI is up by about...

ZIM Integrated stock: Outlook as shipping costs plunge continues

ZIM Integrated (NYSE: ZIM) stock price has moved sideways in the past few days as investors assess trends in the shipping industry. The shares were tr...

Rivian stock up 85% in two weeks could rally further: Wedbush’s Ives

Rivian Automotive Inc (NASDAQ: RIVN) could rally further on top of 85% that it has already gained over the past two weeks, says Dan Ives – a Wed...

Invesco QQQ ETF investors: Buy JP Morgan’s JEPQ too

Investing in technology stocks and ETFs has been a great way to make money over the years. In this period, companies like Tesla, Amazon, and Google ha...

Shell expects impairments worth up to $3.0 billion in Q2

Shell PLC (LON: SHEL) expects scheduled maintenance to result in a sequential decline in its upstream production in the second quarter. Shell will rep...

FDA approves Biogen’s Leqembi: the Alzheimer’s drug will ‘surprise t...

Biogen Inc (NASDAQ: BIIB) is trading down this morning even though the Food and Drug Administration awarded full approval to its Alzheimer’s dru...

Levi’s lowers outlook: ‘H2 is being set up much stronger’

Levi Strauss & Co (NYSE: LEVI) opened nearly 10% down on Friday after reporting roughly in-line financial results for its second quarter.   L...