• About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud
Tuesday, May 17, 2022
  • Login
  • Register
No Result
View All Result
NEWSLETTER
Kenyan Wallstreet
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Lifestyle
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
  • Calendar
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Lifestyle
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
  • Calendar
No Result
View All Result
Kenyan Wallstreet
No Result
View All Result

US Market Shows Signs of Recovery After Monday Sell Off

Kenyan WallStreetbyKenyan WallStreet
December 21, 2021
in Markets
Reading Time: 4 mins read
Global Markets - EPA-EFE/JUSTIN LANE

NYSE - Source; EPA-EFE/JUSTIN LANE


The US market seemed to show signs of recovery on Tuesday’s early trading session after the indexes closed in the red on Monday. On Monday, the indexes continued to post declines due to persisting uncertainty surrounding the spread of the Omicron COVID-19 variant. The Dow Jones Industrial Average declined by 1.23%, the Nasdaq 100 was down 1.24% while the S&P 500 fell 1.14%.

US Stock Market Close on Monday 20th Dec, 2021

In this article

  • US Market Major News
  • Meta shareholders request public safety probe
  • Elon Musk to Pay Over $11 billion in taxes in 2021
  • Nike’s Q2 revenue
  • Oracle to acquire Cerner for $28.3 billion
  • FedEx to buy back $1.5B in shares from Goldman Sachs
  • SEC fines Nikola $125M over fraud
  • Today’s Earnings Releases

US Market Major News

Meta shareholders request public safety probe

Shareholders of Meta (formerly Facebook Inc) requested an independent assessment of the company’s oversight body according to a report by Axios citing a letter sent to Meta’s corporate secretary.

“Shareholders request the board commission an independent assessment of the Audit and Risk Oversight Committee’s capacities and performance in overseeing company risks to public safety and the public interest and in supporting strategic risk oversight on these issues by the full board,” the investors stated.

ADVERTISEMENT

Elon Musk to Pay Over $11 billion in taxes in 2021

Tesla CEO Elon Musk claimed on Twitter that he will be paying over $11 billion in taxes in 2021.

“For those wondering, I will pay over $11 billion in taxes this year,” he wrote in a brief tweet.

Musk, Time’s Person of the Year for 2021, has sold over $12 Billion worth of Tesla’s shares in the past two months after his fans voted in favor of him selling 10% of his stock at the company to deny he has been using it as a way to avoid paying taxes.

Nike’s Q2 revenue

Nike Inc. on Monday reported that its total revenue for the second fiscal quarter of 2022 was up slightly by 1% vs the same period last year up to $11.4 billion.

It’s direct sales were up 9% to $4.7 billion as Brand Digital sales rose by 12%, with a 40% growth in North America.

Oracle to acquire Cerner for $28.3 billion

Oracle Corp. on Monday said that it had reached an agreement to acquire health information tech company Cerner Corp. in an all-cash transaction at $95 per share, for a total value of around $28.3 billion.

According to a statement, Cerner will be organized as a dedicated industry business unit within Oracle.

FedEx to buy back $1.5B in shares from Goldman Sachs

FedEx Corp. has entered an accelerated share buy-back agreement with Goldman Sachs & Co. LLC, a subsidiary of Goldman Sachs Group Inc., worth $1.5 billion in shares.

Based on the current market prices, the deal will include approximately 4.8 million shares. The purchases will be finalized before the end of FedEx’s fiscal year, which is May 31, 2022.

SEC fines Nikola $125M over fraud

United States Securities and Exchange Commission (SEC) on Tuesday announced that Nikola Corporation agreed to pay a $125 million fine to settle fraud charges.

The SEC had taken legal action against the company and its founder and former CEO Trevor Milton, who was accused of misleading investors about Nikola’s products, technological progress, specific capabilities of products, as well as commercial prospects of the company.

Nikola reached the settlement “without admitting or denying” SEC’s charges, but agreed to stop engaging in activity that had led to the legal case and to “continue cooperating with the Commission’s ongoing litigation and investigation,” the market regulator added.

Today’s Earnings Releases

Notable stocks set to release their earnings today.#GlobalWithHisa #HisaApp pic.twitter.com/pClwO6UHZh

— Hisa (@HisaApp) December 21, 2021

READ; Hisa Unveils US Stock Market Investing For Kenyans as Regulator Issues No Objection


Hisa App Hisa App Hisa App
Previous Post

Limuru Tea is Top Price Gainer at NSE

Next Post

Moove, An African Mobility Fintech enters Kenyan Market

Related Posts

NSE Equity Turnover Climbs 70.8% to KSh 537.9M

May 16, 2022

CMA grants AKN an Investment Adviser License

May 16, 2022

JSE Launches New Data Analytics Platform

May 16, 2022

NSE Weekly Turnover Rises 56% to KSh 2.8B

May 14, 2022

NSE Approves 4 Securities to Trade as Single Stock Futures

May 13, 2022

NSE to Hold 68th Shareholders Meet Next Month

May 13, 2022

Why “Buy Low and Sell High” Isn’t As Easy As It Sounds

May 12, 2022

TPS Eastern Africa Cuts Net Losses to KSh 632.5M

May 12, 2022
Load More
Next Post

Moove, An African Mobility Fintech enters Kenyan Market

ADVERTISEMENT

Follow Us

  • 136.2k Followers
  • 2.4k Subscribers
  • 1.1k Followers

WhatsApp

Subscribe

Telegram  

Subscribe

Podcasts

Upcoming Events

May
20
Fri
all-day Equity Group Book Closure
Equity Group Book Closure
May 20 all-day
 
all-day Stanbic Holdings Book Closure
Stanbic Holdings Book Closure
May 20 all-day
 
May
24
Tue
all-day BAT Kenya Payment of Final Dividend
BAT Kenya Payment of Final Dividend
May 24 all-day
payment of final dividend of kes 50.00
May
25
Wed
6:09 am Standard Chartered Dividend Payment
Standard Chartered Dividend Payment
May 25 @ 6:09 am – 8:30 pm
payment of final dividend of kes 14
May
26
Thu
all-day ABSA Bank Kenya Dividend Payment
ABSA Bank Kenya Dividend Payment
May 26 all-day
 
all-day I&M Group Final Dividend Payment
I&M Group Final Dividend Payment
May 26 all-day
 
View Calendar
Add
  • Add to Timely Calendar
  • Add to Google
  • Add to Outlook
  • Add to Apple Calendar
  • Add to other calendar
  • Export to XML

Featured

No Content Available

About Us

We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe. Kenyanwallstreet.com is a property of Hisa Technologies Ltd, a financial media & software company.

Contact Us

Kenyan Wall Street
Email: [email protected]
Website: www.kenyanwallstreet.com

Disclaimer

The information contained in this website is for general information purposes only.
Read more..

  • About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud

Copyright 2021. Hisa Technologies. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Aviation
    • Banking
    • Energy
    • Infrastructure
    • Insurance
    • Investment
    • Manufacturing
    • Markets
    • Public Policy
    • Real Estate
    • Startups
    • Technology
  • Podcast
  • Videos
  • Events

Copyright 2021. Hisa Technologies. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In