Jobless Claims Sends Mixed Signals in Employment Recoveries after 51,000 Jump
(Department of Labor) US jobless claims rose by 51,000 to hit a level of 419,000 for the week that ended July 17. The claims were higher than expected 350,000. Previous…
BHP’s Nickel Supply Deal with Tesla Boosts its Stock Price by 3%
(BHP) Shares of Australian mining company, BHP Group, jumped 3% after it struck a deal to supply nickel to Tesla. Vandita Pant, BHP Chief Commercial Officer is foreseeing a surge…
Payments Giant MoneyGram on Potential Takeover Bid from Stellar and Advent
(Bloomberg) Stellar Development Foundation is working with private equity Advent International on a potential acquisition of MoneyGram. MoneyGram has been targeted for takeover for years, with its stock up 265%…
Surging Trading Volumes Drives Nasdaq Profits up 23% to $1.90 EPS
(Nasdaq) Nasdaq Inc. announced a profit of $ 1.90 EPS, a 23% increase compared to $1.54 EPS from the second quarter of 2020. The result beat a market forecast of…
China Targets More Foreign Investments by Opening the Financial Sector
(Reuters) China is targeting more foreign investments by opening up the financial sector and improving rules for overseas banks and insurance firms courting its territory. China aims to ease market…
J&J Announces $23.31B Q2 Revenue. Forecasts $2.5B from 2021 Vaccine Sales
(Johnson & Johnson) Vaccine maker Johnson & Johnson expects $2.5 billion sales in its Covid-19 vaccine amidst doubts of its effectiveness against the delta variant. The company reported $23.31 billion in…
ASML Optimistic of More Revenues as it Announces €4 Billion Q2 Net Sales
(ASML) ASML reported a net income of €1.038 billion from a reported revenue of €4.02 billion. The company announced a share repurchase of €9 billion that will start on 22nd…
Netflix Reaps Big on Paid Membership to Report a 19% Revenue Growth in Q2
(Netflix) Netflix's total revenue jumped to $7.3 billion in the second quarter, an increase of 19% year over year boosted by a rise in paid streaming membership. Netflix recorded an…
iPhone Assembler Foxconn in Electric Vehicle JV Plans with Nidec by the end of 2021
(Bloomberg) Foxconn Technology Group, through its automobile unit, seeks to establish a Taiwan-based joint venture with Nidec Corp. by the end of 2021. The deal aims to strengthen ties by…
Washington Ends Nord Stream 2 Pipeline Impasse after Agreement with Berlin
(WSJ) The US has reached a deal with Germany over the completion of a contested Russian, Nord Stream 2, natural-gas pipeline bypassing Ukraine. Officials representing Washington and Berlin are expected…
The UK Steps up Crypto Crackdown with Foreign Gathering of Customer Data
(Decrypt) UK tax authority is stepping up the crypto crackdown by gathering customer data from home and overseas exchanges. The tax authority, Her Majesty’s Revenue, and Customs is already requesting…
Tesla on a Return to Record Car Sales in China after Bad Publicity
(Bloomberg) Electric vehicle maker Tesla Inc. recorded a 29% jump in registrations of Model 3 sedans and Model Y sports utility cars made at its Shanghai factory in June from…
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