stocks

IBM managed to surpass earnings expectations as the stock jumped over 6% on the news. Net income in Q4 also jumped over 70% from a year earlier as the pandemic woes look firmly in the rearview mirror. Microsoft also had buoyant news…
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Oil majors Chevron Corp along with Royal Dutch Shell are withdrawing from Myanmar. Myanmar has been in turmoil since the army overthrew the elected government last February. The venture that the oil firms signed up for now seems like…
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Netflix shares plunged by more than 20% in after-hours trading yesterday on slowing subscriber growth. Even though the company beat estimates on EPS and revenue, it could not stop the stock from falling to 2020 levels. Netflix said…
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Morgan Stanley posted better-than-expected Q4 profits yesterday. Bank of America also topped profit estimates as they exceeded credit costs. With the big wall street banks seemingly ignoring the pandemic, what is next in store for the…
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Activision Blizzard saw its shares soar almost by 26% after it announced Microsoft’s deal. It would be Microsoft’s largest acquisition to date in a $68.7bn cash deal. The deal would be a major step for Microsoft's Xbox gaming brand in…
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Netflix has confirmed it is raising its prices in North America. The price increase comes a week before the streaming company is set to announce its Q4 earnings. Growth for companies like Netflix, Amazon Prime, and Disney+ has…
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JP Morgan shares dropped after the bank posted its smallest quarterly earnings beat in nearly two years. Higher-than-expected expenses drove a 14% decline in Q4 profits to $10.4 billion. Wells Fargo however exceeded analysts’…
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JPMorgan, Wells Fargo and Citigroup have their earnings calls in today’s American session. JPMorgan Chase, the largest bank in the US by total assets, will kick off earnings season and they are expected to exceed expectations once more.…
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Rolls Royce said its sales soared by 49% to a record high in 2021 despite the global coronavirus pandemic. The carmaker sold over 5.5k vehicles, the largest number in its 117-year history. In addition, luxury carmaker Bentley (a unit…
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