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Big Banks Kick Off Fourth Quarter Earnings Season
Tuesday, January 11, 2022 - 1:38pm | 1301This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Last week ended with the tech-heavy Nasdaq recording its worst week since February as the Fed announced it might lift short-term interest rates in March. But...
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Walgreens Gets a Boost From Covid
Thursday, January 6, 2022 - 10:59am | 794As Omicron rages on across the globe, Walgreens Boots Alliance Inc (NASDAQ: WBA) saw its shares rise nearly 3% on Thursday as the company's fiscal first-quarter earnings were lifted by Covid-19 vaccines and both in-person and at-home tests, exceeding analyst estimates. Guided by the positive...
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Boeing Will Be Flying to the Metaverse With Improved Engineering
Wednesday, January 5, 2022 - 11:14am | 10522021 ended with news of pretty much everyone worth mentioning in the business world getting a ticket to the metaverse, including The Boeing Company (NYSE: BA) that is undergoing a top-to-bottom clean-up of its design, engineering and manufacturing infrastructure as it embarks on a journey to build...
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A Light First Week of 2022
Tuesday, January 4, 2022 - 12:30pm | 862Although the stock market ended 2021 on a strong footing, the fast-spreading Omicron variant is also going strong and putting an end to the optimistic hopes that the global economy would improve this year. Although the scheduled earnings reports are unlikely to cause major market movements, the...
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Nikola's Set to Make a Comeback in 2022
Tuesday, January 4, 2022 - 12:27pm | 9332021 ended with Nikola Corporation (NASDAQ: NKLA) achieving a critical milestone by delivering its first-ever commercial electric vehicle, the BEV semi-tractor, which is part of a test batch as it prepares to deliver 14 test vehicles to two clients over the next several months. If the zero-...
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The Metaverse Wins Christmas
Monday, January 3, 2022 - 10:17am | 955Meta Platforms Inc (NASDAQ: FB) was on the top of the list of most popular apps in Apple Inc's (NASDAQ: AAPL) App Store on Christmas Day with its Oculus VR app, showing that its virtual reality headset was one of the most popular technology gifts over the holidays. Although these rankings...
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A Quiet Week to Wrap Up 2021
Monday, December 27, 2021 - 10:21am | 759As Omicron continues rattling markets and spoiling the holiday cheer, 2021 is coming to an end through a quiet week with only a few actionable events that include Baidu (NASDAQ: BIDU), NextGen Acquisition Corp. II (NASDAQ: NGCA), and Athena Technology (NYSE: ATHN). Last week ended with Nikola...
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BlackBerry's Turnaround Isn't Near
Monday, December 27, 2021 - 10:13am | 773It's no secret that BlackBerry Limited (NYSE: BB) is in desperate need of some good news. But shares 1.7% after the company posted quarterly results on Tuesday despite the communications software maker beating Wall Street expectations. All in all, a once smart-phone company is staying afloat...
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Nike Just Did It Despite Supply Chain Constraints
Thursday, December 23, 2021 - 10:45am | 651On Monday, Nike Inc (NYSE: NKE) shares rose more than 3% as fiscal second-quarter earnings and revenue topped Wall Street estimates fueled by strong demand in its biggest market, North America. In an even stronger competitive position than before the pandemic, Nike backed its full-year...
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EV-Powered FedEx Delivers
Wednesday, December 22, 2021 - 10:25am | 661On December 20th, FedEx Corporation (NYSE: FDX) received the first five of 500 electric vans, making it the first customer to receive the EV600s, which are the fastest built vehicles, from concept to market, in General Motors' (NYSE: GM) history. Last Thursday, FedEx Corporation reinstated its...
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Adobe's Shares Tanked But Its Business Is as Healthy as Ever
Tuesday, December 21, 2021 - 2:03pm | 845Last Thursday, Adobe Inc (NASDAQ: ADBE) shares dropped 10% as investors punished the company for lower guidance that the Chairman and CEO Shantanu Narayen blamed on timing and foreign exchange, assuring that the business is as healthy as it has ever been. But its stock had its second-worst day in a...
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You Cannot Not Applaud Costco
Tuesday, December 21, 2021 - 10:09am | 876More than a week ago, Costco Wholesale Corporation (NASDAQ: COST) reported very Costco-like quarterly results, and analysts and shareholders didn't expect anything less. The latest results confirm that the retailer is doing a great job in dealing with supply chain disruptions and inflationary...
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Toyota Is Officially An EV Believer
Tuesday, December 21, 2021 - 10:06am | 880On December 14th, the president of Toyota Motor (NYSE: TM) Akio Toyoda committed to making 3.5 million EVs a year by 2030, only seven months after the Japanese giant set a target of selling only 2 million EVs by the end of the decade. Toyota felt compelled to update its plans for carbon neutrality...
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Christmas Week's Earnings Repertoire
Monday, December 20, 2021 - 3:01pm | 861Last week was marked by Fed's decision Wednesday to accelerate the end of quantitative easing and to pencil in three interest-rate increases for next year. Fed Chairman Jerome Powell also warned that high inflationary rates will persist. Recent earnings results from FedEx, which is often...
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Oracle's Cloud Shift Seems to Be Working
Monday, December 20, 2021 - 2:58pm | 1224Last Thursday, Xerox Holdings Corp. (NASDAQ: XRX) and Oracle Corporation, (NYSE: ORCL) announced a multi-year deal that will provide cloud-computing infrastructure and software for use by ventures developed in Xerox's business incubator. With its latest fiscal second-quarter earnings report,...