Despite being a short week, the markets are set to be busy with inflation expected to hit fresh highs, while bank earnings are expected to decline.Here's what the watch in this week's markets:
Financial service provider SoFi Technologies Inc. lowered its revenue guidance for full-year 2022 on Wednesday after President Joe Biden postponed the suspension date of federal student loan payments.
On Tuesday, General Motors Co. and Honda Motor Co. said they would collaborate on cost-effective plug-in technology to produce a series of electric vehicles.
For March 2022, Nio reported 9,985 vehicle deliveries, representing year-over-year growth of 37.6%, while cumulative deliveries of vehicles as of March 31, 2022, reached 192,838.
CEO Veteran Howard Shultz suspended billions of dollars in shares repurchases Monday and said his immediate focus would be on cafes, customers, and employees rather than the stock market.
Sought to be another interesting week in this week's market with potentially increased sanctions against Russia and intensified lockdowns in China, here's what to watch in this week's markets.
On Wednesday, Beyond Meat announced it is launching the first product from its joint venture with PepsiCo and, following the news, Beyond's stock rose 2.3%.
On Wednesday, FedEx subsidiary FedEx Express said it would begin testing Elroy Airâs Chaparral autonomous air cargo system next year.
SoFi Technologies, Inc. (SOFI) announced Tuesday that members will now be able to invest part of every direct deposit into cryptocurrency with zero fees, building on the company's robust offerings.
As the logistics company rolls out new data initiatives, United Parcel Services is set to announce an expansion of its 2019 deal with Alphabet's Google Cloud.
On Tuesday, Adobe Inc. gave a disappointing outlook for its second quarter amid increased competition, making a dent against its prominent design software.
China Evergrande Group said in a stock exchange filing Tuesday that it would probably not meet a March 31 deadline to file its financial results for 2021 as its audit work is not complete.
In an attempt to reassure investors about the company's prospects after a year in which its stock has fallen by more than half, e-commerce giant Alibaba Group Holding Ltd. boosted its share buyback program from $15 billion to $25 billion.
Investors will be looking to see whether stocks are set for a sustained recovery or if more turbulence awaits now that the long-awaited rate hike from the Federal Reserve is out of the way. Here's what to watch in this week's upcoming markets
After the market closes Monday, Nike will report its fiscal third-quarter results following its disappointing earnings report for Q2. As the footwear giant covers the critical holiday shopping season, the stakes are higher for this announcement.
This week, General Motors (NYSE:GM) announced it will start production Monday as it gears up to deliver Cadillac's first electric vehicle to drivers.
On Wednesday, current Starbucks Chief Executive Officer Kevin Johnson said that he would be retiring from his role of the past five years on the 4th of April.
On Wednesday, Verizon Communications Inc. said it had secured three task-order contracts for services worth $966.5 million for its public-sector unit from the U.S. Department of Defense.
For the second time in less than a week, Tesla Inc. (TSLA) announced an overnight price increase between 5-10% throughout its entire lineup of vehicles in China and the U.S.
On Monday, the buy now, pay later (BNPM) company Affirm Holdings raised its outlook for its current third fiscal quarter of 2022 and the full fiscal year ending 30 June.
On Thursday, Amazon announced its intentions to boost its shares by a 20-to-1 ratio, splitting its stock for the first time in over 20 years. In addition, Amazon also increased its share repurchase program from $5 billion to $10 billion.
On Friday, shares of Didi plunged 44% following reports that the Chinese ride-hailing was ceasing its preparations for a listing on the Hong Kong Stock Exchange, leaving its two top shareholders, Softbank and Uber, facing potentially steep losses.
While stocks continue to struggle, the massive rally in commodities looks set to continue. Here's what to watch in this week's markets:
On Wednesday, Upstart (NASDAQ:UPST), a leading artificial intelligence (AI) lending platform, announced its new mobile-first Upstart Auto Retail online platform, delivering an improved user experience alongside new features.
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