Walmart Shares Rise Following Better-Than-Expected Earnings Report
Walmart shares gained 5% in premarket trading on Tuesday after the retail giant forecast a smaller fall in profit than analysts expected. Despite recent price hikes amid the United States inflation struggles, Walmarts' discounts on clothing and electronics have assisted to attract U.S. shoppers...
European Stocks and U.S. Futures Gain as Market Wraps
European stocks climbed as markets wrapped up on Monday while the U.S. equity futures also strengthened. This comes as investors await the responses of world leaders to the ongoing energy crisis ahead of the European Central Bank’s policy meeting later this week.
S&P 500 and...
Volkswagen to Launch Landmark Porsche IPO, Defying Market Conditions
Volkswagen announced on Monday its intention to float luxury sports car brand Porsche for an initial public offering in what could be one of the world's largest listings. The IPO, with an expected valuation between 60 billion and 85 billion euros, is set to...
Peloton Shares Plunge Following Report Of Q4 Losses
Peloton Interactive shares plunged by 15% during pre-market trading on Thursday following the release of the company's latest financial results. The New York City-based exercise equipment and media company reported an operating loss of $1.2 billion during its fiscal fourth quarter. This amounts to...
U.S. Stocks End 4-Week Winning Streak, Bed Bath & Beyond Crashes
The four-week winning streak enjoyed by U.S. stocks came to a halt on Friday, with the Nasdaq Index falling by 2%. The benchmark S&P 500 experienced a 1.3% decline while the Dow Jones closed at 0.3% lower.
Bed Bath & Beyond made headlines this week...
European Stocks Inch Higher Following Oil Boost
European stocks edged higher on Thursday, aided by a boost in oil gains. This growth was stunted by fears of further inflation rises, with inflation hitting a record high in July and the European Central Bank expected another rise in the coming month. The...