RECURRING INVESTMENTS
WEEKLY FORECAST
FINANCIAL NEWS
Nordstrom surge amid Stellar Q4 beat; Off-price Rack eases concerns

Shares of Nordstrom Inc. (NYSE:JWN) soared over 32% during the after-hours trading session on March 1, the most in two decades, as it eased concerns about the profitability of its off-price division, Nordstrom Rack.

Lufthansa on course for rebound, outlook clouded by Ukraine crisis

Germany's Lufthansa (IBIS:LHA), which narrowed its losses but remained delinquent, said it could not provide a detailed outlook for 2022. It said that the war in Ukraine will obscure prospects for a long-awaited recovery from the coronavirus pandemic amid rising fuel prices and stalled flights.

Block shares make a comeback on earlier AfterPay acquisition

Payments App Block (NYSE:SQ), previously known as Square, topped Wall Street estimates in its fourth-quarter earnings, sending its stock surging in after-hours.

Netflix acquires 'Stranger Things' Game Developer in latest gaming push

In a statement on Wednesday, Netflix (NASDAQ:NFLX) said it has offered to buy mobile game maker Next Games as the streaming giant pushes further into gaming.

Zoom reports slowing growth despite strong quarterly results

Shares of U.S. communications technology company Zoom Video Communications Inc. (NASDAQ:ZM) slid more than 11.8% during Monday's after-hours session despite posting stellar quarterly results.

Verizon partners with BlackRock for private 5G network

Verizon Business (NYSE:VZ) and BlackRock announced today that a private 5G network from Verizon will feature at BlackRock Inc.'s new Hudson Yards headquarters.

Tesla Rival Nio pursues secondary listing in Hong Kong

Tesla rival Nio (NYSE:NIO) plans to carry out secondary listings in Hong Kong and Singapore, joining other Chinese companies who seek additional listings outside New York as Chinese businesses face the threat of being forced off American exchanges.

Top 5 Things to watch in this week's markets

While surging commodity prices are set to remain in focus this week, Eurozone inflation data for February is expected to reach another record high, underlining the impact of rising energy costs

Beyond Meat plunges 10% amid weak results and guidance

On Thursday, Veteran vegan company Beyond Meat (NASDAQ:BYND) reported a wider-than-expected loss and shrinking revenue for its fourth quarter as it shifts its focus from slumping grocery sales to scaling its production for major fast-food launches.

eBay Tanks 7.8% despite delivering strong quarterly results

On Wednesday, e-Commerce giant eBay Inc. (NASDAQ:EBAY) reported better-than-expected fourth-quarter results. However, following the earnings, shares of the company plunged 7.8% to close at $50.35 in the extended trading session.

HSBC sets new emissions financing targets; pre-tax earnings jump

On Tuesday, HSBC Holdings PLC (HSBC:NYSE) said that it will reduce its oil-and-gas financed emissions by 34% and power-and-utilities financed emissions by 75% by 2030, in line with its goal of net-zero greenhouse-gas emissions across its client portfolio by 2050.

Meta unveils ambitions of AI projects aimed at building its metaverse

Facebook-owner Meta (NASDAQ:FB) is working on Artificial Intelligence (AI) research to generate worlds through speech , improve how people chat to voice assistants , and translate between languages.

Roblox continues to grow despite disappointing Q4 earnings results

The market is turning sour on upstart gaming platform Roblox (NYSE:RBLX) following its recently released fourth-quarter earnings results that missed analyst expectations.

SoFi to acquire Technisys in all-stock deal; shares slide

In a press release Tuesday, SoFi Technologies, Inc. (NASDAQ:SOFI), the digital personal finance company, announced it has entered into a definitive merger agreement to acquire Technisys.

Alibaba Stock and Tencent are tumbling amid regulatory scrutiny

On Monday, Hong Kong shares of Alibaba Group Holding (SEHK:9988) plunged as much as 5.3% to HK$108.80, the biggest intraday percentage decline since Jan 27.

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