American Express revenue
American Express Co (NYSE:AXP), one of the leaders in the U.S. plastic card market, posted a six-fold increase in net income in the first quarter to 2.2 billion dollars, or 2.74 dollars per share, compared with 367 million d...
Tax rate increase
President Joe Biden is preparing to propose next week an increase in the basic tax rate for millionaires, raising it from 20% to 39.6% to fund a new government programme, the American Family Plan, which cou...
Chip sales fall
Intel reported first-quarter 2021 earnings and revenue above analysts' estimates, but its second-quarter profit forecast and falling data centre chip sales disappointed investors.
Intel (INTC) shares fell 2.6 per...
United States stock market
US stock exchanges ended trading in the green zone. S&P 500 rose 0.93% to 4173 points, Dow Jones added 0.93% and NASDAQ rose 1.19%. Almost all sectors showed positive dynamics with the exception of utilities (-0.90%) a...
Paying with the palm of your hand
Amazon is introducing its innovative Amazon One palm scan payment system to grocery chain Whole Foods after trying it out in its Go shops. Amazon sees selling the technology to third-party companies as its next step...
Market expansion in Europe
Nio plans to start shipping its electric cars to Europe in May; its competitor XPeng has already delivered its first 300 electric cars to Norway. Analysts predict that Europe will become ...
Sharp drop in shares
Netflix reported on Tuesday adding 3.98 million new paid subscribers worldwide for the first quarter. Netflix points to the pause in movie production due to the pandemic and denies the impact of growing competition.
Shares ...
Apple's presentation
Apple on Tuesday unveiled its new products, which were, expectedly, the new iPad Pro tablets with the M1 chip, new iMacs, AirTags for finding things, the new Apple TV 4K set-top box, the new purple colour of the previously relea...
Lockheed Martin earnings
Net income at US military-industrial group Lockheed Martin (NYSE:LMT) Corp. rose 6 percent to $1.8 billion, or $6.56 per share, compared with $1.7 billion, or $6.08 per share, in the same period last year.
Lockheed Martin's...
Report from J&J
J&J shares rose on Tuesday on the back of a financial report above Wall Street estimates, a dividend hike and the annual financial outlook. J&J reported that sales of its COVID-19 vaccines reached $100m. Investors are ass...
New audio features
Facebook on Monday officially announced that it is preparing a number of new audio features for its main app and for Messenger, which include Live Audio Rooms-like Clubhouse audio chats, the creation of short e...
Deal under threat
Nvidia's biggest deal to acquire UK tech company Arm for $40bn could be blocked by UK authorities. An investigation into the potential implications of the deal has been launched and national secur...
Coca-Cola's quarterly results
Coca-Cola shares rose as the company managed to beat analysts' expectations for first-quarter earnings and revenue thanks to a strong sales recovery in Asia. The company is forecasting growth for the second qu...
Safety investigation
Peloton is facing pressure from the US Consumer Product Safety Commission (CPSC) as several children have been injured and one child has died due to an accident involving Peloton Trea...
Economic recovery
Record high retail sales in March and sharply lower jobless claims in the USA show strong positive momentum from mass vaccination in the country, reduced quarantine restrictions and government incentives with direct ...
VMware as a separate company
Dell shares surged 6.7 per cent on Thursday following news of the spin-off of VMware into a separate company. Dell will receive up to $9.7 b...
BlackRock's net profit
BlackRock Inc., the world's largest investment firm by assets under management, increased its net income by 49% in the first quarter of 2021, thanks to a rebound in global markets as the...
BAC's first-quarter profit
Net income of Bank of America Corp (NYSE:BAC). one of the largest U.S. banks, doubled to $8.1 billion, or 86 cents per share, in the first quarter of 2021, up from $4 billion, or 40 cents...
New autopilot
Xpeng Motors is stepping up competition in China's electric car market with its new P5 sedan, which gets an improved autopilot and LIDAR sensor system for autonomous driving on cit...
Banks report
Major US banks JPMorgan, Goldman Sachs and Wells Fargo reported better-than-expected Q1 2021 results amid US economic recovery thanks to government stimulus packages and a massive COVID-19 vaccination.
US banks reported the first three...
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