Benjamin Chadwick

Benjamin Chadwick graduated from NYU Stern, has been an Associate Professor of Finance at the Kenna Flegler Business School for ten years before switching to a private financial consultancy and correspondent journalism from the Asian stock market. He is focused on the microstructure of securities markets, while he pays special attention to microcap issues.

Lululemon

Lululemon Stocks Surge as Q2 Earnings Beat Estimates

On Thursday, Lululemon Athletica Inc. surged as its second-quarter earnings exceeded the estimates. On the Frankfurt Stock Exchange, Lululemon soared 13.34% or 42.50 points to $361.05 per share.  The Canadian-American company is a designer, distributor, and retailer of sports apparel and accessories. Moreover, Lululemon has a market capitalization of $41.93 billion and shares outstanding of …

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european flag and stock market

European Stocks Retreated on Economic Growth Worries

On Wednesday, European stocks slipped as worries hiked on the surge of coronavirus infections which could cause a slowdown in economic growth. Moreover, investors look forward to the European Central Bank meeting on Thursday. Experts expect that the ECB will possibly discuss the reduction in its asset purchasing program. Consequently, the pan-European STOXX 600 declined …

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Softbank

Softbank up After Its Stock Swap Deal with Deutsche Telekom

On Tuesday, Softbank Group Corp hiked after announcing its stock-swap deal with Deutsche Telekom. Softbank sharply spiked 9.86% or 623.00 points to $6,943.00 per share. The Japanese holding company invests in breakthrough technology such as telecommunications, internet services, AI, smart robotics, IoT, and clean energy technology providers. SoftBank signed a complicated deal that includes its …

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Japanese Economy

BYD Eyes More than 300% Surge in Its August Sales

BYD Auto Co., Ltd. looks forward to a more than 300.00% surge in its August sales. The company name BYD stands for “Build Your Dreams” and is one of China’s biggest electric vehicle makers.  In addition, the automotive company develops in-house various core parts for electrified vehicles. BYD has a current market capitalization of $752.90 …

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Alibaba

Alibaba Stocks Drop as It Pledge $15.5 B Donation

On Friday, Alibaba stocks dropped as the tech giant vowed to invest $15.5 billion by 2025, fostering social equality. Alibaba Group Holding Ltd. plummeted 3.57% or 6.71 points to $164.90 per share. Recently, several companies pledged billions to support the common prosperity slogan of Beijing, as they seek to stay on the good side of …

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Chewy

Chewy Shares Tumbled Following Disappointed Fiscal Q2 Result

After its fiscal second-quarter report missed the estimates, chewy shares tumbled to 0.78% or 0.69 points to $87.43. Since the start of the year, the company lost 2.00% of shares compared to the S&P 500’s gain of 20.40%. The American e-commerce company, a subsidiary of PetSmart, provides pet food, products, and services on its platform. …

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European Stocks

European Stocks Climbed as Traders Shook Off Inflation Data

On Wednesday, European stocks inched closer to record highs as traders shook off concerns about the rising inflation data.  After seven consecutive months of gains, the pan-European STOXX 600 soared 0.06% to $473.76 per share.  Similarly, the European STOXX 50 spiked 0.72% to $4,226.45 per share.  Last Tuesday, concerns spilled as the eurozone inflation hiked …

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India may launch digital rupee trial programs by December

MARKET NEWS AND CHARTS FOR AUGUST 31, 2021

AUDCHF The Australian Bureau of Statistics (ABS) published its second-quarter GDP report on Wednesday. According to ABS’s report, the country’s economy expanded by 0.7% between April to June. The muted growth suggests that the economy is slowing down even before the resurgence of the pandemic. In the first quarter, the country recorded a 1.8% increase. …

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