Putin ramps up pressure on West with plans to terminate exports May 3, 2022 Russian President Vladimir Putin has signalled he could terminate exports of products and raw materials, in response to Western sanctions.
Tesla beats expectations with record-quarter vehicle delivery despite global semiconductor shortage January 2, 2022 Tesla delivered 308,600 cars worldwide in its fourth-quarter, a company record, despite continuing supply chain issues and economic turbulence.
Zoom bags first $1bn quarter but demand for the Covid-19 essential is fading August 31, 2021 Zoom, which became a household name amid the pandemic, has recorded its first billion-dollar revenue in just one quarter – but demand for its Covid-19 essential service is quickly weening. The company forecast revenue of between $1.015bn and $1.020bn for its third quarter, which inched past analysts’ average estimate of $1.013bn, according to Refinitiv data. [...]
Checking out: Airbnb shares dive as insiders are allowed to sell following last year’s IPO May 17, 2021 Airbnb shares dropped by almost 6 per cent after insiders became free to sell their shares for the first time since the home rental firm’s IPO in December 2020. Today’s drop comes only days after Airbnb beat Wall Street expectations for first-quarter gross bookings and revenue on May 13, as speedy Covid-19 vaccinations and easing [...]
City Moves for 25 October – Who’s switching jobs at Refinitiv, Ratesetter and GCA Altium? October 25, 2019 Today’s City Moves includes Refinitiv, Ratesetter and GCA Altium Refinitiv Financial markets data platform Refinitiv yesterday announced the appointment of Alex Cesar as its new chief technology officer (CTO). Alex will lead the software engineering teams that build, operate and innovate Refinitiv’s strategic data platforms and the core capabilities and requirements that underpin them. Alex [...]
Apple posts record quarterly revenue on China sales and iPhone demand July 27, 2021 Apple has beat analysts’ expectations and posted record quarterly revenue on surging demand for premium versions of its iPhones, subscription services, and strong China sales growth. Revenues grew by more than a third to $81.4bn this quarter, up 36 per cent from last year and driven by better-than-expected iPhone sales. This beat analyst expectations of [...]
Notorious activist Nelson Peltz takes board seat at Unilever May 31, 2022 Notorious activist investor Nelson Peltz has been appointed to the board of Unilever today after building a stake through his firm Trian Fund Management earlier this year.
EU finalises compromise deal to cut gas usage ahead of winter July 26, 2022 EU member states have settled on a diluted emergency plan to curb gas demand this winter in case Russia turns off the taps this winter.
Tesla shares surge as electric carmaker’s deliveries beat estimates April 5, 2021 Shares of Tesla accelerated eight per cent in pre-market trading today, after the world’s most valuable carmaker posted record deliveries as a solid demand for its electric cars offset the impact of a global shortage of chips. The electric-car maker said on Friday it was encouraged by the strong reception of its Model Y crossover [...]
The bear market story and what next – in six charts June 23, 2022 It’s been the worst start to a year for markets since the Great Depression. We tell the story so far in six charts. Like a bear with a sore head, many investors probably wish they had stayed in hibernation in 2022. It has been a brutal year so far, the worst since the Great Depression [...]