American Airlines posted a fourth-quarter net loss of $2.2 billion or ($3.81) per share, better than expected $3.86 loss per share, according to the company’s press release. The full-year net…
U.S president Joe Biden caught oil executives by surprise as he revoked the cross-border Keystone XL pipeline permit on his first day in office. Stopping the Keystone XL project is…
GameStop’s stock traded within double-digit losses and gains in early New York trading after Robinhood markets restricted its trading, reports Bloomberg. GameStop, AMC Entertainment Holdings Inc., Express Inc., BlackBerry Ltd,…
Apple’s revenue for the first quarter of 2021 rose 21% to an all-time record of $111.4 billion, according to the company’s press release. The quarterly earnings per diluted share were…
Tesla reported earnings per share of 80 cents on revenue of $10.74 billion in the fourth quarter, less than expected 90 cents a share, according to the company’s press release.…
Airlines have requested the World Health Organization to rule it’s safe to fly without quarantining after a coronavirus vaccine, according to Bloomberg. Led by the International Air Transport Association, the…
Boeing shares fell 4% on Wednesday morning trading after a record net loss that topped $11.9 billion in 2020, according to the company’s press release. The net loss was worsened…
Sanofi is set to produce more than 125 million doses of BioNTech and Pfizer coronavirus vaccine after collaboration, according to Bloomberg. The French drugmaker will give BioNTech access to a…
Microsoft revenues for the second quarter ending December 31, 2020, were $43.1 billion, up 17% year over year, according to the company’s press release. The earnings growth was driven by…
S&P 500 index’s three-month realized correlation has fallen to just 0.16%, its lowest in a year and an extreme level in history, according to Bloomberg. The correlation gauges how closely…
Beyond Meat shares rose as much as 31% in morning trading after forming a joint venture with PepsiCo. According to CNBC, the joint venture will create, produce, and market snacks…
The European Union cleared 42 companies, including Tesla Inc. and BMW AG, to get $3.5 billion state aid for battery projects, according to Bloomberg. The aid is expected to strengthen…