Ready to open an account!

FINANCIAL NEWS
Peloton lowers prices for bikes and treadmills, stock falls
Peloton lowers prices for bikes and treadmills, stock falls

Last week, Peloton told subscribers that it would lower equipment prices in all markets and add content, disciplines, music, instructors, and new features across its products.

Apple poised for another stock buyback, Citi analyst sees potential
Apple poised for another stock buyback, Citi analyst sees potential

According to Citi analyst Jim Suva, Apple could announce an incremental stock buyback of $80 billion to $90 billion this month and likely raise its dividend by 5-10%.

Costco is on the rise amid strong March sales
Costco is on the rise amid strong March sales

Last week, Costo Wholesale Corp. enjoyed stellar results after the company reported revenues of $21.61 billion for March, representing an 18.7% increase year-over-year.

Walmart increases trucker pay, expands training program
Walmart increases trucker pay, expands training program

To keep its supply chain running smoothly, a spokesperson for Walmart Inc. said the American retailer is increasing in-house truck drivers' starting pay to as much as $110,000 per annum.

5 Things to watch in this week's markets
5 Things to watch in this week's markets

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:

SoFi Technologies shares fall on lowered revenue guidance
SoFi Technologies shares fall on lowered revenue guidance

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.

GM and Honda to jointly expand electric vehicles and technology
GM and Honda to jointly expand electric vehicles and technology

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.

NIO delivers solid quarterly results for vehicle deliveries
NIO delivers solid quarterly results for vehicle deliveries

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.

Starbucks CEO veteran suspends share Buybacks on his first day back
Starbucks CEO veteran suspends share Buybacks on his first day back

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.

5 Things to watch in the week's markets
5 Things to watch in the week's markets

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.

Beyond Meat and Pepsi launch new jerky, potential rebound
Beyond Meat and Pepsi launch new jerky, potential rebound

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%.

FedEx focuses on Autonomous trucks and Drone Cargo delivery
FedEx focuses on Autonomous trucks and Drone Cargo delivery

On Wednesday, FedEx subsidiary FedEx Express said it would begin testing Elroy Air’s Chaparral autonomous air cargo system next year.

Sofi introduces cryptocurrency purchase feature for members
Sofi introduces cryptocurrency purchase feature for members

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.

UPS expands deal with Google Cloud to increase data analysis
UPS expands deal with Google Cloud to increase data analysis

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.

Adobe underwhelms on outlook suggesting growing competition
Adobe underwhelms on outlook suggesting growing competition

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 set to miss earnings deadline, rattles investors
China Evergrande set to miss earnings deadline, rattles investors

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.

Alibaba approves stock buyback of up to $25 billion
Alibaba approves stock buyback of up to $25 billion

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.

5 Things to watch in this week's markets
5 Things to watch in this week's markets

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

Nike's upcoming quarterly results raise investors concern
Nike's upcoming quarterly results raise investors concern

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.

GM begins Lyriq production, named one of the world's most ethical companies
GM begins Lyriq production, named one of the world's most ethical companies

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.

Starbucks' CEO steps down amid union battle, shares climb 5%
Starbucks' CEO steps down amid union battle, shares climb 5%

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.

Verizon wins contract worth nearly $1 Billion from U.S. Department of Defense
Verizon wins contract worth nearly $1 Billion from U.S. Department of Defense

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.

Tesla announces second price increase in less than a week
Tesla announces second price increase in less than a week

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.

Shares of Affirm tanks despite raising its fiscal year guidance
Shares of Affirm tanks despite raising its fiscal year guidance

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.

Amazon annouces 20-to-1 stock split to boost share price weakness
Amazon annouces 20-to-1 stock split to boost share price weakness

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.

Ready to get started?

Start trading with the full package, from start-of-the-art platform to free tool and favorable transaction fees.