USA news

The FAANG stocks are talk of the market this week, with Apple Inc (NASDAQ: AAPL) and Alphabet Inc (NASDAQ: GOOGL) scheduled to report quarterly results after market close on Tuesday. Both stocks have rallied quite nicely this month. On a year-to-date basis as well, the FAANG stocks except…

Tesla Inc. (NASDAQ: TSLA) reported its financial results for the second quarter on Monday that beat Wall Street estimates as sales jumped close to 100%. Shares of the company were more than 2% up in after-hours trading. “Public sentiment and support for electric vehicles seems to be at…

Robinhood Markets Inc is set to go public later this week on Thursday. The financial services firm will list its shares on the Nasdaq Stock Exchange under the ticker symbol “HOOD”, at a per-share price of $38 to $42. Robinhood is targeting a valuation of $35 billion. Out of the…

Amazon.com Inc. (NASDAQ:AMZN) shares surged 1% on Monday morning amid reports the company is lining up bitcoin payments and a crypto token launch. The giant online retailer could tap into a rapidly growing market by embracing cryptocurrencies.  City AM cites an inside…

The world’s leading electric car manufacturer, Tesla Inc (NASDAQ: TSLA), is set to report its financial results for the second quarter on Monday, after the bell. Since the stock is down about 25% from its record high in January, investors are now thirsty for bullish indications – ones…

Lucid Motors merged with the blank check company Churchill Capital Corp IV (CCIV) on Friday to list its shares on the Nasdaq Stock Exchange under the ticker symbol LCID. The American electric vehicle manufacturer is now set to debut on the stock exchange today. CCIV is backed by a veteran…

After reporting another blockbuster quarter late on Thursday, Snap Inc (NYSE: SNAP) is up about 20% in the stock market this morning. Compared to the year-ago period, shares of the social media company have now more than tripled, leading investors wondering if they’ve missed the boat already. Mitch…

Mad Money host Jim Cramer said on Friday, “you have to own some big tech stocks”, and the brokerages seem to agree. After Citi’s big bump in its price target on Microsoft last night, Credit Suisse said on Friday it sees an about 30% upside in Google-parent Alphabet…

Microsoft Corp (NASDAQ: MSFT) hit a record high in the stock market on Friday morning after Citi picked it as a favourite in the league of mega-cap software companies and bumped its price target on MSFT to $378 per share, which translates to a more than 30% upside. Several…

American Express Company (NYSE: AXP) reported its financial results for the second quarter on Friday that beat Wall Street estimates on the back of acceleration in spending. Shares of the company were about 4% up in premarket trading on Friday. Financial performance American Express said its net income in…

Intel Corp (NASDAQ: INTC) stock slipped about 4% in after-hours trading on Thursday as the company reported market-beating quarterly results, but its future guidance came in only marginally above the Wall Street expectations. Financial performance Intel reported $5.06 billion of net income in the fiscal second quarter that translates…

Snap Inc (NYSE: SNAP) said on Thursday its revenue jumped over 100% in the fiscal second quarter as the advertising market continued to recover. Shares of the company jumped roughly 15% in extended trading on better-than-expected Q2 results. Financial performance Snap reported $151.6 million of net loss in the…

Twitter Inc (NYSE: TWTR) reported its financial results for the second quarter on Thursday that beat Wall Street estimates. The company attributed its hawkish performance to launching new products and features that brought in more active users. Shares of the company were about 8% up in after-hours trading.

The stock indices started in the red this week but have recovered completely ever since. After Cramer’s forecast on Thursday that the dip might, in fact, pose a good buying opportunity, former Wells Fargo chairman and CEO Richard Kovacevich said on CNBC’s “Squawk on the Street” that the…

The market has been funny this week. On Monday, the new delta variant became a hot debate, and investors were concerned that renewed restrictions might be in the pipeline. Consequently, markets were down significantly. Deeper into the week, however, this decline was gradually reversed. Jim Cramer’s remarks on CNBC’s “Squawk…

American Airlines Group Inc. (NASDAQ: AAL) said on Thursday its revenue climbed by over 350% in the fiscal second quarter. The air carriers adjusted loss contracted more than expected as easing COVID-19 restrictions turned the daily cash burn positive. American Airlines’ Q2 financial performance American Airlines generated $7.48 billion…

Goldman Sachs, a leading American investment bank, recently conducted a study and found that at least 45% of family offices are interested in pumping large sums of money into the crypto market. Per the bank’s findings, 15% of family offices have already invested some of their clients’ funds in digital…

Peter Schiff, an American stockbroker, believes Bitcoin (BTC/USD) is not yet out of the woods despite recovering yesterday’s losses. He shared his predictions on the BTC market through a tweet earlier today, saying that BTC’s price might fail to maintain its gains. According to him, the…

Netflix Inc (NASDAQ: NFLX) shares tanked about 5% in after-hours trading on Tuesday as the streaming giant said it added the least number of new subscribers on record in its recent financial quarter. It also warned that subscribers growth would be narrower than Wall Street estimates in the current…

Square Inc (NYSE: SQ) took its next step towards expanding beyond payment processing as it launched banking services for small businesses on Tuesday. On top of Square Loans, the American financial services firm’s banking segment will now offer savings and checking accounts to small businesses. The news comes shortly…

Boeing Co’s (NYSA: BA) troubles keep on piling up, with the latest blow coming from its 787 Dreamliner last week as the twin-aisle jet came up with a new defect, resulting in a slashed production rate and delayed deliveries. On the one hand, there’s Jim Cramer, who lashed out…

Snap Inc (NYSE: SNAP) reports its quarterly financial results later this week, on July 22nd. Ahead of the earnings report, investors are wondering if the stock is a buy? Mad Money host Jim Cramer seems to think so. On CNBC’s “Squawk on the Street”, he noted that the…