Stock Market

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Sony Plans to Invest ¥2T, Discord to Merge with Play Station

On Wednesday, May 26, Sony Group said it would invest ¥2 trillion ($18.39 billion) for the next three years. It also partnered with Discord to merge with PlayStation in 2022. In a statement, the firm said that it would boost its investments on mobile and online platforms. It has a vision of broadening its consumers …

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Samsung Biologics Shares Spiked After Moderna Vaccine Deal

On Monday, May 24, Samsung Biologics shares spiked. This was a result of an announcement of its partnership with Moderna. The company will help manufacture the mRNA-1273 COVID-19 vaccine at its facility in Incheon, South Korea. Moderna Inc. is a biotechnology company that is a pioneer in producing messenger RNA (mRNA) therapeutics and vaccines based …

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Robinhood IPO Shares, Now Open for Retail Investors

Robinhood IPO shares are now open for access to amateur investors as the company’s latest move in democratizing retail investing. The firm is a stock trading application set off to be a household name and media mainstream in 2020. It provides a commission-free trading platform for stocks, exchange-traded funds, options, American depository receipts, and cryptocurrencies. …

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Asian Stocks Crashed as Fed Signals Tapering Asset Purchases

Most Asian stocks crashed as the U.S. Federal Reserve officials signal tapering asset purchases.  As recorded on April’s meeting minutes released on Wednesday, May 19, a debate regarding taper talks is open at the upcoming meeting as early as next month to scale back the massive bond purchases. As stated, many participants recommended that if …

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European Stocks Flopped Amidst Inflation Concerns

On Wednesday, May 19, European stocks flopped, succeeding in a global drop in stock markets on Tuesday amidst investors’ inflation concerns. In front of more retail earnings, U.S. stock futures plunged in early premarket trading on Wednesday. At the same time, Asia Pacific stocks also slumped on the same day. Some markets were shut in …

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TMN - EU

Asian Shares Push Higher, Economic Recovery Speed Diverges

Asian shares edge higher on Tuesday, with markets shrugging off worries about increasing regional COVID-19 infections. Moreover, the session on Wall Street has been subdued.  Monday’s session was mixed, followed by a rise of 1.06% in MSCI’s broadest index of Asia-Pacific shares outside Japan. The market is still recovering from the last few weeks amid …

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Retail Week: Expectations on Walmart High

Financial institutions, airlines, and technology giants successfully dominated the previous weeks of the earnings report. After weeks of waiting, the world’s biggest retailers are in for some reckoning. Hence, analysts have high expectations for their performances. Walmart should report on Tuesday, May 18, before the stock market opens. Since last year, it has been among …

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