September 22, 2020
Laundry Day
Leaked documents showed a dozen banks – including JPMorgan, HSBC, and Deutsche Bank – have been helping criminals remove stubborn stains from their ill-gotten gains.
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September 15, 2020
Fuse It Or Lose It
Gilead Sciences agreed to buy Immunomedics for $21 billion over the weekend in hopes they’ll combine their DNA to become the nucleus of the pharma industry.
September 14, 2020
Investors Love College
Years of working hard, playing hard, and practicing esoteric marching band routines have paid off for US colleges’ class of 2020: they’ve graduated with the highest mark in bond sales since 2004. US colleges have sold $36 billion worth of debt to investors so far this year.
September 8, 2020
Pool Party
Investors stripped off on Monday and dipped into Chinese bottled water company Nongfu Spring’s initial public offering (IPO).
September 2, 2020
Star-Struck
Zoom’s second-quarter results blew past even the most optimistic analysts’ expectations, proving it’s not just a one-hit wonder after all.
September 1, 2020
Ridin’ High
This here stock market’s had some ups and downs this year, but according to Goldman Sachs, there are still more rootin’ tootin’ returns to be had. Yeehaw!
August 28, 2020
The Empire Strikes Back
Salesforce is making the most of its unlimited power: the software empire reported a better-than-expected quarter late on Tuesday, and its shares initially rose 15% on Wednesday.
August 26, 2020
Card Tricks
The Dow Jones Industrial Average (a.k.a. the Dow) is set for a “reshuffle” next week that’ll switch three old companies out for three new ones before your very eyes.
August 24, 2020
Nvidia Games
Nvidia, the tech hardware giant, trounced investors’ expectations, with sales up 50% on the same time last year, and profit up 76%.
August 19, 2020
Livin’ Large
Walmart and Home Depot are a scrappy pair of US retail titans: they reported stronger-than-expected second-quarter results on Tuesday.
August 17, 2020
Mon-Apple-ly
Apple was accused of being too dominant by the makers of online game Fortnite late last week, but that didn’t stop the tech giant from selling $5.5 billion worth of new bonds.
August 14, 2020
Gone AWOiL
After months spent looking high and very, very low for global oil demand, the International Energy Agency (IEA) slashed its forecasts for the slippery elixir on Thursday
August 12, 2020
Grand Schemes
SoftBank’s long game seems to have gone exactly as planned: the Japanese tech conglomerate reported a quarterly profit for the first time in almost a year on Tuesday.
August 10, 2020
We Don’t Chat
The US president has no time for China’s late-night cat gifs: he issued new orders last Friday banning US companies from doing business with WeChat and TikTok.
August 4, 2020
The Emancipation of TikTok
Microsoft has been benefiting from corporate customers that spend big on its cloud products recently, but its purchase of TikTok could represent a shift towards consumer-facing products.
August 3, 2020
Exxon Stage Left
Boo Exxon, hiss Chevron: the two oil giants reported weaker-than-expected earnings on Friday, and investors eagerly gave their shares a bad review.
July 30, 2020
Once Bitten, Thrice Shy
Santander, Deutsche Bank, and Barclays all reported earnings on Wednesday, and flustered investors kept their distance from the banks’ stocks, which fell by 4% or more.
July 28, 2020
Another Happy Customer
SAP, Europe’s biggest tech company, was feeling somewhere on a scale from one to five on Monday after announcing plans to hold an initial public offering (IPO) for survey software maker Qualtrics.
July 27, 2020
No Mast, No Entry
Looks like Vodafone might’ve misheard the latest coronavirus guidance: the telecoms giant said on Friday it’s planning an initial public offering (IPO) for its communication towers segment.
July 24, 2020
‘Puter-hero
Microsoft was the hero investors needed late on Wednesday: the cloud-based crusader swooped in to save the day with an expectation-busting quarterly update.
July 20, 2020
SmackDown
If you smell what BlackRock is cooking… you’d probably smell its better-than-expected second-quarter earnings update on Friday, which gave investors a whiff of what the major players have been up to in the last few months.
July 14, 2020
True Friendchip
Chipmaker Analog Devices announced plans to buy rival Maxim Integrated Products for $21 billion on Monday, and they just know they’re going to be friends forever.
July 13, 2020
Barrelthumping
The price of oil got knocked down to a record low earlier this year, but some investors reckon the slippery elixir’s price is about to get right back up again.
July 10, 2020
Bit By Bit
Europe’s largest tech company, SAP, announced a better-than-expected second-quarter update, and said it’s – very gradually – getting back to business as usual.
July 6, 2020
Ever Sodalicious
Lemonade’s eagerly awaited initial public offering (IPO) last week had investors lined up around the block for the insurance fintech’s sweet, refreshing shares.
June 29, 2020
Hot Potato
The CEO of investment bank Goldman Sachs warned last week that US stocks are getting too hot to handle as high prices remain unsupported by companies’ actual earning potential.
June 24, 2020
Wirecard Declined
Last week investors who’d long bet against Wirecard’s shares, citing financial irregularities, were finally vindicated. The German firm revealed independent accountants had failed to find $2.1 billion the company claimed it had to hand – and its boss promptly bowed out.
June 22, 2020
The Penny Drops
Shares of German payments processor Wirecard fell over 70% late last week after it emerged that the company had managed to mislay over $2 billion of cash.
June 17, 2020
Cool, Calm, Collected
The three companies breaking cover first are online media firm Locoguide, tech company Ficha, and retailer Copa. And while they’re not aiming to raise groundbreaking sums, their listings may still go some way to restoring confidence among Japanese investors, while paving the way for other companies waiting in the wings.
June 9, 2020
Best of Frenemies
The world’s largest group of oil-producing nations and their allies don’t always see eye to eye, but look at ‘em now: OPEC+ agreed to extend its production cuts until the end of July.
