AMC Entertainment (NYSE: AMC) shares fell about 5% Thursday following CEO Adam Aron’s announcement that the company may sell 500 million new shares to boost its balance sheet. The...
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FedEx (NYSE: FDX) reported Positive Q3 earnings on Thursday amid the “unprecedented” peak holiday shipping season, according to the company CFO. Shares rose 3% during after-hours trading Thursday. The...
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Ford Discloses $2 Billion Convertible Notes Offering
Ford Motor (NYSE: F) announced Tuesday that it plans to raise USD2 Billion from a convertible bond sale. The automaker said that the five-year convertible notes can be transferred...
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Virgin Galactic Shares Fall Following Test Flight Delays
Virgin Galactic (NYSE: SPCE) shares plummeted Friday after revealing it had postponed test flights two months, for its rocket-powered spaceflight program amid technical issues. The delay pushes back any...
Walmart (NYSE:D WMT) reported positive fourth quarter earnings on Thursday. However, the company fell short of Wall Street’s adjusted earnings per share estimate. The retail giant cautioned investors that...
PepsiCo (NASDAQ: PEP) reported strong fourth-quarter earnings On Thursday, thanks to high snack and drink demands amid the pandemic. After the company beat earnings expectations, shares rose to USD138.10...
Coca-Cola (NYSE: KO) topped analysts’ earnings estimates on Wednesday after effectively cutting-costs throughout the pandemic. Nevertheless, the company experienced an “incremental” sales blow from December through February amid the...
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Tesla Purchases $1.5 Billion in Bitcoin
Tesla (NASDAQ: TSLA) revealed it has bought USD1.5 Billion worth of bitcoin. In a filing with the Securities and Exchange Commission, Tesla stated that it had made the purchase...
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AstraZeneca Vaccine Suspended in South Africa
AstraZeneca (OTCMKTS: AZNCF), Swedish drugmaker’s, Covid-19 vaccine proved to be as little as 10% effective against South Africa’s new coronavirus variant, according to a study. The country has now...
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General Electric Shares Rise Following Positive Fourth Quarter Results
General Electric (NYSE: GE) Reported positive fourth quarter results on Tuesday as well as a good outlook for 2021 amid flourishing sales in the power and renewable energy divisions....