Source: Dreamstime
Reading time: 2 minutes
The American food delivery company’s report exceeded Wall Street revenue expectations but revealed disappointing net loss figures that caused its stock to plummet by 13%.
Category Archives: Market news
Uber Reported Over 1 Billion Trips for Q4 2020, Its Platform Welcomes Over 5 Million New Members
Source: Dreamstime
Reading time: 2 minutes
The popular ride-hailing company, which also offers food delivery, freight transportation and a variety of other services, reported quarter-over-quarter revenue growth of 13%. Its year-over-year performance, however, dipped by 16% due to the effects of the pandemic.
Changes to Trading Hours (12-15 February 2021)
Source: Pixabay
We are informing all our clients that, due to the upcoming Presidents’ Day in the U.S., on Friday (February 12) and Monday (February 15), the trading hours of some CFD markets will be changed. Please see these changes in detail below.
Amazon Wowed Investors with record Q4 earnings, Jeff Bezos Steps Down as the Company’s CEO
Source: Dreamstime
Reading time: 2 minutes
The company skyrocketed past the coveted milestone of $100 billion, reaching earnings of $125.56 billion in Q4 2020 alone. The strong performance was mostly possible thanks to an excellent holiday shopping season, when Amazon had managed to deliver over a billion products to customers across the globe.
IBM’s Year-on-year Revenue Has Plummeted to a 5-year Low, the Company Expects Recovery in 2021
Source: Dreamstime
Reading time: 2 minutes
On 20.01, Wednesday, IBM shares tumbled by 7% in extended trading after the company reported fourth-quarter revenue that disappointed Wall Street for a fourth consecutive time.
BlackRock’s Shares Trade at Record Highs, Q4 and Full Year 2020 Profits Beat Expectations
Source: Dreamstime
Reading time: 2 minutes
On 14th January 2021 (Thursday), the multinational investment management corporation posted better-than-expected financial performance as an increasing number of investors flocked to BlackRock’s exchange-traded and active funds to escape the volatility caused by the U.S. presidential elections and the release of several COVID-19 vaccines.