Articles by: Michael Fisher

BMW shares jump, company to lay off 6,000 workers

Shares in BMW gained 1% in Friday trading after the company reached an agreement with employee representatives to continue with its redundancy plan. The German carmaker announced that it will shed 6,000 workers in Germany. This measure is taken to cut losses which the company sustained due to the low demand and the lockdowns during […] Read more

Hertz shares decline after it terminates $500 million shares offering

Shares in Hertz declined 10% in Thursday trading after the company terminated its share offering for $500 million. The reason for the retrieval of the stock sale is the Securities and Exchange Commission’s disapproval of the deal. After the company announced bankruptcy, the shares in Hertz enjoyed a strong rally last month. To make the […] Read more

Wirecard stock drops as company delays annual report again

Shares in Wirecard plummeted as much as 65% on Thursday after the company postponed its annual report for the third time. The huge decline marked a three-year low and the reason for the most recent delay is the fact that auditors were not able to track about €1.9 billion ($2.1 billion) in cash. The payment […] Read more

Zoom shares slip, company to offer end-to-end encryption to all users

Shares in Zoom reached an all-time high on Tuesday, trading at more than $242 per share at the close. On Wednesday, however, the stock dipped 2% to close at $236.76. Despite the decline on Wednesday, the Zoom stock is still up almost 250% compared to its value for the previous year. On Wednesday, the company […] Read more

Boohoo shares surge as retailer acquires Oasis and Warehouse

Shares in Boohoo surged in Wednesday trading after it announced its intention to acquire the fashion brands Oasis and Warehouse. The online fashion company’s stock rose 10% in early trading hours, marking a record high of 433.50 pence. The online retailer gained popularity while the pandemic forced many land-based stores to close. To expand its […] Read more

Nordstrom shares gain, company to reopen Washington stores

US stocks closed higher on Tuesday after retail companies were among the top gainers. Nordstrom was one of the top performers in Tuesday trading, with shares surging 15.2%. As many states began to lift lockdown restrictions, Nordstrom announced the reopening of all of its Washington stores. One of the reasons for the good performance of […] Read more

iQIYI shares surge, Tencent to become biggest shareholder

Shares in iQIYI jumped 35% in Tuesday trading after it was reported that Tencent Holdings Ltd. plans to become the biggest shareholder in the video streaming company. The trading volume of iQIYI increased to 1.9 million shares, which made it the most active stock before the beginning of the trading session. According to people who […] Read more

Carnival Corporation shares drop amid fears of second coronavirus wave

US stocks were declining in Monday trading as the fear of a second COVID-19 wave increased. Cruise operators were some of the worst performers, with shares in Carnival Corporation leading the way by dropping 2.7%. Over the weekend, 22 states in the US reported an increased number of coronavirus cases. In addition to that, the […] Read more

H&M shares drop, company reports huge second-quarter losses

Shares in H&M declined 2% at the beginning of the Monday trading session. This followed the company’s report on second-quarter sales, which dropped 50% after the global shutdown during the pandemic crisis. On Monday, the fashion retailer reported a huge slump in quarterly sales due to the measures taken to bend the curve during the […] Read more

Shares in easyJet dip, company to resume domestic flights

One of the stocks that will be in focus on Monday will be easyJet as the airline will resume its flights after the lockdown period. For the first time since March 30, the British carrier will resume some of its flights. Although the company may have caught some investors’ interest, its shares declined in early […] Read more