Booming in iron ore prices is responsible for the Australian export revenue record from resources Australia’s mining sector accounts for about 10% of the country’s gross domestic product and ironContinue reading “Market Summary #15”
Category Archives: Market Summaries
Market Summary #14
Hertz to Pay Creditors in full after bankruptcy court decision The company filed for chapter 11 bankruptcy during the pandemic in 2020 and is on target to exit chapter 11Continue reading “Market Summary #14”
Market Summary #13
Warner Media and Discovery strike a deal On May 17th Discovery announced it was joining forces with the AT&T company WarnerMedia, which means the control of CNN, HBO, Cartoon Network,Continue reading “Market Summary #13”
Market Summary #12
Indian Variant of the Coronavirus is a “global concern” according to the WHO The WHO has declared the indian variant of the coronavirus a global concern, after stating that itContinue reading “Market Summary #12”
Market Summary #11
Chip shortage crisis in the automotive sector deteriorates Chip shortage worsens for carmakers around the world, with companies on three continents announcing production cuts. BMW AG succumbs to shortages aftermonthsContinue reading “Market Summary #11”
Market Summary #10
Nvidia unveils plans to sell new CPU processors, challenging Intel and AMD Nvidia Corp., known for making premium GPU processors, announced plans to manufacture its first CPU, expanding into theContinue reading “Market Summary #10”
Market Summary #9
General Electric to Sell Aircraft Leasing Business for $30 Billion AerCap will acquire GE’s jet leasing business in a $24 Billion cash deal plus $6 Billion worth of shares fromContinue reading “Market Summary #9”
Market Summary #8
Square buys more in bitcoin to boost crypto holdings Square announced on Tuesday that it purchased $ 170 million in bitcoin to add to its expanding position. The payment company’sContinue reading “Market Summary #8”
Market Summary #7
Mario Draghi Officially accepts post as Italian Prime Minister After persuading almost all of Italy’s political parties, Mario Draghi, the former head of the European Central Bank, was named ItalianContinue reading “Market Summary #7”
Market Summary #6
IG Group Buys Online Broker TastyTrade for $1 Billion The deal is comprised by $300 Million in cash and the issuance of 61 million IG shares to TastyTrade shareholders. IG’sContinue reading “Market Summary #6”