Lagarde has promised a forceful monetary stimulus package in December and urged governments to avail of pandemic relief without delay, reports Bloomberg. European Central Bank President has urged European Union…
Boeing 737 Max approval, Walmart’s gamechanging e-commerce and solid revenues, and top monetary policy moves. What impacted markets at mid-week? Global Insights Despite the push for electric vehicles, top producers…
Walmart’s revenue in Q3 was $134.7 billion, up to $6.7 billion or 5.2%, year over year, according to WMT earnings report. U.S. e-commerce sales rose 79% with strong results across…
In a look at news making headlines, Fed voting issues, stimulus packages, and ECB policy are the focus. Here are the monetary policy developments: Shelton’s time is running out in…
Vehicle recalls and investigations are facing major electric vehicle (EV) makers worldwide, according to Reuters. The EV makers are facing challenges after a series of fires from overheating batteries in…
The Federal Aviation Administration issued an order on Wednesday allowing Boeing 737 Max to carry passengers again, sending stock up 5% in premarket trading, according to the FAA press release.…
Airbnb filed its prospectus on Monday as it seeks to debut on NASDAQ under the ticker symbol "ABNB," according to the company’s S-1 filling. The company's revenues fell nearly 19%…
Amazon announced new pharmacy offerings on Tuesday as it pushes into the healthcare industry through affordable and accessible medicine, according to the company’s press release. Amazon Pharmacy, the new store,…
Samsung Electronics poured $116 billion into its next-generation chip business, as semiconductors’ wars intensify. That includes fabricating silicon for external clients, according to Bloomberg. Samsung is betting it can close…
Tesla shares rose 15% to $467.50 in extended New York trading and 9.6% on Germany’s Tradegate exchange on Tuesday following news that it will Join S&P 500 on December 21,…
The Organization of Petroleum Exporting Countries and allies started meetings on Monday to explore further action to support the oil market in 2021 as the secondary coronavirus wave weighs on…
Asian stocks traded higher on Monday after fifteen Asia-Pacific nations formed the world’s biggest trade bloc on Sunday at a regional summit in Hanoi, according to ASEAN’s press release. The…