Rolls Royce Announces Jet Engine Plants Shutdown to Curb Losses
Rolls Royce has announced plans to close its jet engine plants for civil aircraft for two weeks, a move that seeks to help cut losses. The plan will, however, not [...]
Global Markets; Wallstreet Closes Higher Amid Stimulus Talks, Earnings Season Continues, Oil Updates
US Stock Market Wall Street closed higher on Wednesday's session as investors keenly await the federal approval of the stimulus relief package. The new US President Joe Biden met with [...]
Alibaba Group's planned sale of $ 5 Billion Bond
Alibaba Group Holding Limited is seeking to float a $ 5 Billion bond, maturing after 40 years Big global banks such as Citigroup, Credit Suisse, Morgan Stanley, JPMorgan and China [...]
US Stock Markets; Wallstreet Closes Higher, Earnings Brief, Tesla, Ford, Uber News
The US stock markets closed higher on Tuesday amid earnings reports from leading corporations such as Amazon, Alphabet and Alibaba. The major theme that stood out was the stimulus talks [...]Visa Plans to Allow Cryptocurrency Purchases and Cashouts
Visa is planning to add cryptocurrencies to its payment networks. CEO Alfred Kelly says the company's strategy is to work with wallets and exchanges to allow Cryptocurrency purchases and cashouts. [...]American Airlines Posts $8.9 Billion Annual Loss in 2020
American Airlines has posted an$8.9 billionannual loss, its biggest on record as travel restrictions and lockdowns due to the COVID-19 pandemic ravaged air travel in 2020. Despite reducing its operating [...]US Markets; Fed Keeps Rates, FB, Apple Tesla Earnings, GameStop Rally.
Shares on Wallstreet fell at market close on Wednesday with the Dow Jones Index, which measures top 30 largest US companies falling by more than 600 points after the country's [...]Delta Airlines Brings Back 400 Furloughed Pilots
Delta Airlines has announced that it is bringing back 400 pilots affected by the workforce reductions in 2020 back to active flying status. The move will help shore up the [...]This week's Major Global Earnings releases
The Earnings season kicked off last week and here are some the major global corporations expected to release their quarterly results this week. 1/26/2021 Starbucks Corporation Interim Report 1st Quarter/3 [...]Global Markets News Highlights
Wallstreet The US stock market closed Thursday's session mixed after hitting new record highs on Wednesday's session after Joe Biden was sworn in as the 46th president. Major themes that [...]KLM Announces 1,000 More Job Cuts
Air France KLM has announced plans to implement1,000 more job cutsin 2021, arguing that the government's plans to require all passengers and crew to pass a COVID-19 test (taken within [...]FedEx Announces 6,300 Job Cuts in Europe
American multinational delivery services company, FedEx Express has announced plans to lay off between 5,500 and 6,300 employees in Europe, as it nears the completion of the network integration of [...]
