FINANCIAL NEWS
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.

Nvidia unveils a slew of new products in a push to lead AI

On Tuesday, Nvidia Corporation's CEO Jensen Huang announced a slew of new products and initiatives at the keynote address of the GTC 2022 virtual conference, which will run through Thursday, March 24.

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 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

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

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

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.

Amazon closes MGM acquisition, good stock to buy

On Thursday, Amazon.com Inc. closed its $6.5 billion acquisition of the MGM movie and television studio after the Federal Trade Commission declined to challenge it.

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%

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

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.

Intel to expand European footprint through $19 billion German megafactory

As it prepares to invest $88 billion in sites across Europe over the next decade, Intel Corp. has picked Germany to invest $18.7 billion for a new chipmaking complex, which marks the beginning of Europe's attempt to attract chipmakers back to the region.

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

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.

Pfizer stops new clinical trials in Russia; continues to provide drugs to patients

According to a recent Reuters report, Pfizer said it would not run any new clinical trials in Russia and stop recruitment for existing practices there.

Ready to get started?

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