Archiv für den Monat: Juli 2022
China signals no big stimulus is coming, while Covid controls remain
China’s top leaders signaled Thursday that no big stimulus for growth was on the way, and downplayed the necessity of achieving the „around 5.5%“ GDP target.
JPMorgan hires scientist Charles Lim to help protect financial system from quantum supremacy threat
Tech giants including Alphabet and IBM are racing towards building a quantum computer, and financial firms including JPMorgan are exploring possible uses.
Stocks making the biggest moves in the premarket: Stanley Black & Decker, Southwest Airlines, Harley-Davidson and more
The stocks making the biggest moves in premarket trading include Stanley Black & Decker, Southwest Airlines, Harley-Davidson, and more.
Self-driving start-up Pony.ai plans to mass produce robotrucks in China
Self-driving tech start-up Pony.ai announced plans to mass produce autonomous driving trucks in China with equipment manufacturing giant Sany Heavy Industry.
Market jump after Fed rate hike is a ‘trap,’ Morgan Stanley’s Mike Wilson warns investors
Morgan Stanley’s Mike Wilson believes stocks are on a collision course with more pain due to the economic slowdown.
Pfizer quarterly sales surge to record high, driven by Covid vaccine and antiviral treatment Paxlovid
The pharmaceutical company booked net income of $9.9 billion, a 78% increase over the same period during 2021.
Comcast shares slide after the cable giant fails to add broadband subscribers for first time ever
Comcast beat revenue and profit estimates but failed to deliver broadband subscriber growth. Peacock subscriber numbers were also flat.
Barclays posts profit slump after hit from costly trading error in the U.S.
Barclays took charges of £1.9 billion for the first half, including £1.3 billion related to its trading blunder in the U.S.
Etsy shares pop as company beats on top and bottom lines
Etsy shares jumped more than 15% in after-hours trading on Wednesday after the company’s second quarter earnings beat on top and bottom lines.