A new year dawns bright, with the US hurtling over the fiscal cliff. The lame duck Congress voted for a pork-packed $1.7 trillion budget bill. As the saying goes, it’s…
In a letter to staff on Wednesday, Salesforce, the US software company, announced it was cutting 10% of its workforce. The cut corresponds to close to 8,000 jobs. Salesforce stock…
Liquidity remains thin in financial markets, as many market players are still on vacation. However, while a short trading week due to numerous bank holidays, it is marked by some…
Glencore (LON: GLEN) share price has had a difficult start to 2023 as concerns about the company’s ESG credentials rose. The blue-chip mining stock plunged to a low of 503.3p,…
The MSCI All-Country World Index is a stock market index which tracks close to 3,000 stocks across 48 developed and emerging market economies. It is as close to a global…
EasyJet (LON: EZJ) share price rose for the second straight day on Thursday even after it received a sell rating from JP Morgan’s David Perry. The stock rose to a…
Jeff Bezos could return as the Chief Executive of Amazon.com Inc (NASDAQ: AMZN) this year, says Michael Batnick. He’s the Director of Research at Ritholtz Wealth Management. Amazon stock has…
Enovix Corp (NASDAQ: ENVX), on Wednesday, said it was taking longer than expected to optimise production of its first-generation batteries at the Fremont facility. Shares crashed about 45% this morning.…
Target Corporation (NYSE: TGT) significantly underperformed the broader market in 2022. But the new year, as per a Wells Fargo analyst, is unlikely to be a great one for it…
Genesis Trading, the cryptocurrency brokerage and lender that halted customer withdrawals in the aftermath of FTX collapse, believes it can sort out its financial problems. However, it needs more time…