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Exxon Mobil wins thanks to higher margins and profit increase
Commodities

Exxon Mobil wins thanks to higher margins and profit increase

Exxon Mobil (NYSE:XOM) stock rose 1.5% in premarket trading Tuesday after the company beat fourth-quarter earnings estimates on higher margins and capacity utilization.

February 2, 2022• 1 min
Wall Street slides
Investments

Wall Street slides

The prospect of a Russian attack on Ukraine and expectations of further Fed tightening weighed on global equities and riskier assets on Monday, while the dollar strengthened as a safe haven.

January 25, 2022• 2 min
COVID takes momentum out of global economy
Investments

COVID takes momentum out of global economy

The pandemic has disrupted almost every aspect of life around the world. It has hit companies and their global supply chains hard. Factories and shops have been temporarily closed. Many workers were thrown into the streets and poverty increased.

January 16, 2022• 4 min
GM launches used car website
Investments

GM launches used car website

Motorists interested in buying will soon have access to hundreds of thousands of used cars on a new digital sales platform from General Motors.

January 13, 2022• 4 min
Amazon files new lawsuits
Investments

Amazon files new lawsuits

Amazon.com Inc. (NASDAQ: AMZN) has initiated new legal action in its longstanding dispute with Indian retailer Future Group after national antitrust authorities suspended a deal between the two parties scheduled for 2019, which resulted in the arbitration …

January 11, 2022• 2 min
Startup accelerator gets new boss
Investments

Startup accelerator gets new boss

Much of the credit for Boston's resilient startup scene goes to the city's strong technology, healthcare, and finance sectors, as well as its prestigious colleges, universities, and hospitals. However, another important resource is the incubators and …

January 7, 2022• 3 min
Evergrande investors protest
Investments

Evergrande investors protest

Investors in the financial products issued by the China Evergrande Group protested outside the offices of the financially troubled company in Guangzhou on Tuesday. Many of them feared that their returns would be sacrificed to keep real estate projects alive.

January 6, 2022• 3 min
Tesla exceeds own expectations
Investments

Tesla exceeds own expectations

Tesla announced on Sunday that the company had shipped 308,600 electric vehicles in the fourth quarter of 2021, beating both the previous record for a quarter and analysts' expectations. The automaker produced a total of 305,840 fully electric vehicles in the …

January 5, 2022• 3 min
Evergrande suspends trading in Hong Kong
Investments

Evergrande suspends trading in Hong Kong

Ailing Chinese property developer Evergrande suspended trading in Hong Kong on Monday as the heavily indebted company grapples with an ongoing property crisis.

January 4, 2022• 2 min
Intel apologizes for statement about Xinjiang supplier
Investments

Intel apologizes for statement about Xinjiang supplier

U.S. chipmaker Intel (NASDAQ: INTC) apologized in China on Thursday after sparking a backlash in a letter urging its suppliers not to source products or workers from the Xinjiang area, making it the latest western company that has fallen over legal issues in …

December 24, 2021• 2 min