Boeing shares fall the most in 2 1/2 weeks on Wednesday, 737 MAX may probably fly again as early as August, IATA head says

May 30, 2019
Boeing shares fall the most in 2 1/2 weeks on Wednesday, 737 MAX may probably fly again as early as August, IATA head says

It may take time until August before Boeing Co’s 737 MAX is put again in service, the head of the International Air Transport Association (IATA) said on Wednesday. Boeing shares closed lower for a second consecutive trading session in New York on Wednesday. It has also been the steepest daily […]

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Goldman Sachs shares fall for a second straight session on Wednesday, bank appoints three new executives to management committee

May 30, 2019
Goldman Sachs shares fall for a second straight session on Wednesday, bank appoints three new executives to management committee

Three new executives have been appointed to Goldman Sachs Group’s (GS) management committee – Todd Leland and James Paradise, the co-presidents of Goldman’s Asia Pacific operations, excluding Japan, and Beth Hammack, Goldman’s global treasurer, a memo sent by the bank’s top management revealed. Goldman Sachs shares closed lower for a […]

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Tesla shares fall for a second straight session on Tuesday, China-produced Model 3 vehicles may be priced between $43 400 and $50 700, Bloomberg reports

May 29, 2019
Tesla shares fall for a second straight session on Tuesday, China-produced Model 3 vehicles may be priced between $43 400 and $50 700, Bloomberg reports

According to a Tuesday report by Bloomberg, citing sources with knowledge of the matter, Tesla Inc (TSLA) is considering to price its Model 3 vehicles produced in China between CNY 300 000 and CNY 350 000 (or between $43 402 and $50 636*) before subsidies. Tesla shares closed lower for […]

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United Air shares fall for a third straight session on Friday, 737 MAX cancellations extended through August 3rd

May 28, 2019
United Air shares fall for a third straight session on Friday, 737 MAX cancellations extended through August 3rd

Last week United Continental Holdings Inc (UAL) said that its 14 Boeing 737 MAX planes would be taken off its schedule for one more month, through August 3rd. This will lead to the cancellation of another 1 290 flights, the air carrier warned. United Air shares closed lower for a […]

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Alphabet shares fall for a second straight session on Friday, Google to establish new data center in Hamina, Finland

May 28, 2019
Alphabet shares fall for a second straight session on Friday, Google to establish new data center in Hamina, Finland

According to a Monday report by Reuters, Alphabet Inc’s Google intends to establish a new data center in Hamina, Finland. The tech company said it would invest nearly EUR 600 million in the project. Alphabet shares closed lower for a second consecutive trading session on NASDAQ on Friday. The stock […]

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Goldman Sachs shares rebound on Friday, bank says no-deal Brexit probability higher as PM May resigns

May 27, 2019
Goldman Sachs shares rebound on Friday, bank says no-deal Brexit probability higher as PM May resigns

Goldman Sachs said its estimated probability of a no-deal Brexit was now 15%, up from 10% previously, after British Prime Minister Theresa May announced her resignation in London on Friday. May said she intended to step down as the leader of the Conservative Party on June 7th. Goldman Sachs shares […]

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Boeing shares hit a two-week high on Friday, FAA expects approval for 737 MAX to return to service in late June

May 27, 2019
Boeing shares hit a two-week high on Friday, FAA expects approval for 737 MAX to return to service in late June

Shares of Boeing Co (BA) touched highs not seen in two weeks on Friday following reports in the media that the Federal Aviation Administration (FAA) anticipates to approve the grounded 737 MAX to return to service as soon as late June. Boeing shares closed higher for the seventh time in […]

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Starbucks shares fall for a second straight session on Thursday, company inks license agreement with Coffee Concepts venture in Thailand

May 24, 2019
Starbucks shares fall for a second straight session on Thursday, company inks license agreement with Coffee Concepts venture in Thailand

An exclusive deal over operation and development of Starbucks Corp’s (SBUX) retail business in Thailand has been inked between a Hong-Kong-headquartered company and an entity managed by Thai billionaire Charoen Sirivadhanabhakdi, Reuters reported. Starbucks shares closed lower for a second consecutive trading session on NASDAQ on Thursday. It has also […]

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Twitter shares gain for a second straight session on Wednesday, social media company reportedly experimenting with ad load

May 23, 2019
Twitter shares gain for a second straight session on Wednesday, social media company reportedly experimenting with ad load

According to a report by Bloomberg, citing a spokesperson for Twitter Inc (TWTR), the social media company has been experimenting with ad load, a term reflecting how often advertisements are shown to users. This resulted in some Twitter users receiving more advertisements in their feed than usual. Twitter shares closed […]

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Alphabet shares gain for a second straight session on Wednesday, Google compliant with an EU order regarding on-line shopping, antitrust chief says

May 23, 2019
Alphabet shares gain for a second straight session on Wednesday, Google compliant with an EU order regarding on-line shopping, antitrust chief says

According to a statement by European Competition Commissioner Margrethe Vestager on Wednesday, Alphabet’s Google is compliant with an EU order aimed to encourage competition in on-line shopping. Alphabet shares closed higher for a second consecutive trading session on NASDAQ on Wednesday. The stock edged up 0.16% ($1.79) to $1,151.42, after […]

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