Author: Hivelr News
Business news for strategic investors and leaders.
IBM stock jumped 6% at the end of trading hours on Monday after the company released the Q2 earnings report that were better than analysts had expected.
Chevron agreed to acquire Noble Energy at 7.5% premium which is equivalent at $10.38 at Friday’s closing price.
China’s GDP growth in Q2 2020 shows 3.2% gain compared to -6.8% in Q1 2020 during the height of coronavirus pandemic.
Carnival, Royal Caribbean, and United Airlines stocks have lost about 61-68% of their value since the beginning of COVID-19 pandemic compared to 2.24% lost for S&P 500 Index.
Rivian raises additional $2.5 Billion to launch the first electric pickup trucks in the market.
Walmart’s stock climbed by 2.66% as the company announced new subscription model called Walmart+. Panic buying due to COVID-19 pandemic also increased Walmart’s earnings early this year.
Levi announced at net loss of $394 million compared to net income of $29 million a year ago. The revenue dropped by 62% to $498 million from $1.31 Billion a year ago.
Beyond Meat signed an agreement with Alibaba’s Freshippo grocery chain to sell meatless burger patties in Chinese market.
Hivelr
Better, Smarter, Wealthier.
AI-powered platform for investors, CEOs, and policy makers, delivering in-depth, unbiased, thought-provoking, and actionable analysis to guide investment and strategic decisions. Hivelr, stands for “hive-mind learning,” harnesses the power of AI to make the world better, smarter, and wealthier.