Li Auto's earnings
Li Auto reported first-quarter 2021 revenues above Wall Street expectations. Li Auto's electric vehicle sales were up 334% year-on-year but down 15% quarter-on-quarter. Li Auto gave a strong outlook for the second q...
Compensation from Tesla
Tesla has been ordered by a court in Norway to pay compensation to 30 owners of old Model S and Model X. Each of the company's customers will receive $16,000.
The reasons for the lawsuit are slo...
Epic games and Apple
A court in Oakland, California, will rule on Epic Games' antitrust suit against Apple within the next few weeks. This was reported by The Wall Street Journal.
At Monday's hearing, Judge Y...
Buying $1 million worth of stock
AT&T shares fell about 7% after the company confirmed last week that its WarnerMedia unit would be merged with Discovery in a $43bn deal.
Meanwhile, CEO John Stankey ...
NVIDIA to date
NVIDIA shares rose last week on strong valuations from analysts and the announcement of a 4-to-1 stock split. This Wednesday, Nvidia reports firt quarter earnings profits are expected to be record highs.
NVIDIA (NVDA) is&nb...
Animal Rebellion against McDonald's
Animal rights activists have blocked the supply of meat from four refrigerated warehouses in Britain, Animal Rebellion has announced on its website.
"Animal Rebellion protesters have turned their efforts to fight...
New specs
Shares in Snap rose nearly 6 per cent on Thursday following a series of updates and new product announcements unveiled by the company during the Snap Partner Summit online presentation.
On Wednesday, Snap (SNAP) unveiled a new generation ...
IPO Access
Robinhood is launching a new IPO Access product that aims to "democratise IPOs" by allowing ordinary users to invest in companies' shares before they go public.
Robinhood, whose stock trading app has revolutionised access to Wall Street ...
Online streaming
Facebook intends to improve the monetization of its Facebook Live product for live online streaming by including the ability to sell viewings of sporting events. Facebook plans to start by partneri...
US indices
US Fed minutes for the first time hinted at a possible policy tightening reducing bond purchases on the back of economic recovery. However, economists point out that the fall in&...
Google conference
Google held a developer conference on Tuesday, showcasing Android OS updates and its software innovations.
Google's "for developers 2021 conference kicked off on 18 May, with Alphabet subsidiary (GOOG, GOOGL) hosting it online, st...
Dividend cut
AT&T shares fell 5.8% on Tuesday, following a 3% fall on Monday, as investors react to the company's announcement of a 40%-43% cut in its dividend payout ratio.
AT&T shares rose initially on Monday before falling in the second ...
Home Depot report
Home Depot (HD) shares reacted to the company's quarterly report by rising 2.18% before the opening of trading on Tuesday, as investor fears of a slowdown in demand for home improvement products failed to materialise.
Demand for b...
Walmart's report
Walmart, the biggest US supermarket chain focused on home goods, posted stronger results from February to April than analysts had expected. Shares rise before the opening of trading on Tuesday.
The biggest US retailers reported the...
There is a need to develop and implement new technological solutions due to the active growth and development of poultry farming. Experts try to improve existing developments or create new ones that comply with current terms and technological capabil...
Buying shares
Shares in XPeng and Li Auto, as well as cannabis producer Tilray and videoconferencing app Zoom, were bought by the Swiss National Bank in the first quarter of 2021.
Switzerland's central bank h...
Trading results
US stock market rallied on Friday but ended the week in the red.
The Dow Jones Industrial Average index rose 360.68 points (1.06%) to 34382.13 points.
The Standard Poor's ...
A pandemic in New York City
Most New Yorkers continue to wear masks, despite US President Joe Biden's announcement that it is now OK to be outside without them, and fully vaccinated Americans can take them off even indoors.
A very strict mask regim...
XPeng shares
Chinese electric car maker XPeng reported higher quarterly earnings than analysts had expected. XPeng's first-quarter shipments rose despite a shortage of semiconductors, with the company forecasting growth in the&nb...
Disney+ subscriber growth
Disney reported quarterly earnings above market analysts' expectations, but its revenues came in below estimates. Disney's streaming business added fewer new users than Wall Street forecast, similar to Netflix's latest quar...
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