Articles by: Elmira Miteva

Samsung shares drop after company’s heir faces jail again

Samsung’s stock traded lower on Monday, with shares declining 1.08%, or 600 won, at 54,900 won. The company was recently shaken up by the graft and corruption allegations against the Samsung Group heir. On Monday, the billionaire, Jay Y. Lee, appeared in court for a hearing that will determine whether the company’s heir will serve […] Read more

BASF shares rise after receiving the biggest UK emergency loan

The BASF shares continued to rise in Friday trading after the company became the biggest beneficiary of the emergency funding from the Bank of England. On Thursday, the central bank announced the companies that will be able to benefit from the Covid Corporate Financing Facility funding. Among the different airlines, retailers and carmakers, the German […] Read more

Slack Technologies shares drop despite higher first-quarter earnings

Slack Technologies’ stock closed lower in Thursday trading, with shares declining 3%. The dip in the stock preceded the company’s quarterly report. This put on hold Slack Technologies’ three-month high, which was caused by the increased number of people working from home during the pandemic. Due to the huge interest in companies that thrived during […] Read more

Volkswagen shares drop, electric cars to benefit from new stimulus package

European shares were trading lower on Thursday, following the recent meeting of the European Central Bank. The German DAX declined 0.4%, with the auto sector selling off shares. Volkswagen was one of the declining stocks, with shares dropping more than 2% in Thursday trading. The German government reported a new stimulus package on Wednesday. The […] Read more

American Express shares close higher, US stocks surge in Wednesday trading

Wednesday was a strong day for US stocks as the Financials, Oil & Gas and Industrial sectors contributed to the jump in shares. At the close of the trading session, the Dow Jones Industrial Average surged 2.05%. This marked a new 3-month high for the index. Meanwhile, the S&P 500 Index and the NASDAQ Composite […] Read more

Wizz Air shares jump amid reports of higher pretax profit for 2020

On Wednesday, the European stocks rose for a third consecutive day as investors witnessed the beginning of an economic recovery. Airlines were among the best performers in Wednesday trading, with Wizz Air’s shares surging 1.4%. The interest of investors rose from the fact that the company stated a higher pretax profit for 2020. Wizz Air […] Read more

Zoom shares rise in after-hours trading after first-quarter earnings report

After Tuesday trading was closed, the shares of Zoom surged about 2%. The jump in after-trade hours came after the company announced its first-quarter results. Due to the long period of lockdown in different parts of the world, the video conference call software became extremely popular. This brought Zoom first-quarter earnings that beat the predictions […] Read more

Lufthansa shares surge, company agrees on €9 billion bailout deal

On Tuesday, European stocks hit their highest record since the beginning of March. The German stocks were leading the way during the Tuesday trading session as carmakers like Volkswagen, Daimler and BMW were among the best performers. Lufthansa’s shares also surged 6.3% after the company agreed on the terms for a government bailout. The bailout […] Read more

Cisco shares close lower, company delays virtual conference in support of nationwide protests

Thanks to a jump in the shares of the Oil & Gas, Consumer Goods and Financials sectors, the US stocks closed higher on Monday. Despite that, Cisco was among the worst performers in Monday trading with shares dropping 3.18% or 1.52 points to close at 46.30. On Monday, the technology company postponed its online conference […] Read more

Associated British Foods shares rise, Primark stores to reopen in June

On Monday, European shares rose after investors remained hopeful for the economic recovery for businesses that resume their activities. After many European countries started lifting restrictions, the STOXX 600 Index rose in Monday trading, striving for a record high since the beginning of March. Associated British Foods was among the companies that also raised their […] Read more