STOCK ANALYSIS
WEEKLY FORECAST
FINANCIAL NEWS
Nuvei stock plunges amid fraud investigation; reaffirms financial outlook

Nuvei’s stock declined 37% during intraday trading on 8 December 2021, following a research report published by Spruce Point Capital Management, alleging inaccuracies in the company’s growth claims.

Dollar edges lower; Ausie boyant amid risk appetite

The dollar edged lower on Wednesday while The Australian dollar hit its highest level in a week against safe-haven currencies, the dollar, and the yen.

Stellantis targets EUR20 billion in additional annual revenue by 2030

On Tuesday, Stellantis (NYSE:STLA) mapped out its software strategy to deploy next-generation tech platforms and generate approximately EUR4 billion by…

Amazon stocks surged despite massive AWS cloud outage

Despite a lagging Amazon Web Service outage that affects many websites and online services, Amazon (NASDAQ:AMZN) stocks surged 3.1% on Tuesday.

Alibaba announces new CFO, reshuffles e-commerce Teams

Chief Financial Officer Maggie Wu is set to step down from her role at Alibaba as the company reorganizes its…

5 Things to watch in this week’s markets

While developments around the Omicron variant continue to be the main driver in this week's market sentiment, here's what you…

Nvidia Arm acquisition unlikely to go through, sued by FTC

Nvidia's $40 billion acquisition of Arm was never a sure thing, and according to Gartner semiconductor analyst Alan Priestly, now…

Grab debuts on Nasdaq; sets tone for Southeast Asian tech listings

On Thursday, following its $40 billion merger with special-purpose acquisition company (SPAC) Altimeter Growth Corp (AGC.O), firm Grab listed on Nasdaq, Southeast Asia’s biggest ride-hailing and food delivery company.

Snowflake Reports Q3 earnings and Revenue; more than doubles

Snowflake Inc.’s (NYSE:SNOW) revenue more than doubled in the latest period when the Data Cloud company announced financial results for its third quarter of fiscal 2022.

European stocks higher; positive start to December after losses

European stocks traded higher on Wednesday, with a positive start to December. ‍Global stock markets have seen sharp losses as fears about the new coronavirus variant triggered a broad sell-off.

Didi Global plans to immediately delist from NYSE months after debut

Just months after the Chinese ride-hailing group’s ill-fated initial public offering in New York, Didi Global (NYSE:DIDI) plans to delist its shares in the U.S. and move to a listing in Hong Kong instead.

Jack Dorsey steps down as CEO at Twitter

On Monday, Twitter (NYSE:TWTR) announced that its chief executive officer, Mr. Dorsey, will be stepping down from his role with immediate effect.

NetApp beats Q2 earnings and lifts FY22 outlook

NetApp (NASDAQ:NTAP) reported quarterly earnings of $1.28 per share on Tuesday and lifted its financial outlook for the full year 2022, driven by a “strong demand environment.”

Microsoft’s Satya Nadella sells half his stake in the company

According to a federal securities filing, Microsoft (NASDAQ:MSFT) chief executive Satya Nadella sold about half his stake in the company last week.

BP plans major Green Hydrogen Hub in England

BP PLC (NYSE:BP) said it is planning a major green hydrogen project in the northeast of England, Teesside. ‍Industries in the Teesside region account for more than 5% of the UK’s industrial emissions and are also home to five of the country’s top 25 emitters.

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