Frankfurt – 30/07/2021 A successful July The German stock market weather in July was quite changeable, with a few small showers and thunderstorms. On Wall Street, however, the sun was shining for the most part. New records were set almost daily. The S&P 500 stormed from one record to the next. It gained 2.3 per cent for the month. It …
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Telekom’s US subsidiary earns almost one billion dollars The Telekom subsidiary T-Mobile US gained many new customers in the second quarter and almost increased its profit eightfold. The company earned 978 million dollars below the line. The mobile phone company increased its revenues by 13 per cent to 20 billion dollars. In the three months from April to the end …
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Frankfurt – 29/07/2021 Economic Boom The US economy is running at high speed – thanks to Americans’ increasing desire to consume, and this shopping mood is infecting the stock markets. New records were set on Wall Street, even if they could not be maintained. While in Europe, the economy is only gradually gaining momentum, the USA is in the midst …
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Frankfurt – 28/07/2021 The Gates Remain Open The money floodgates remain wide open as the US Federal Reserve confirmed today that it would continue its ultra-loose monetary policy. However, it signalled that a scaling back of bond purchases is getting closer. The US Federal Reserve left the key interest rate at the historically low level of zero to 0.25 per …
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Frankfurt – 27/07/2021 China Drop China continues to unsettle markets with statements about ever-tighter regulation of different sectors. After technology companies, in particular, have been in the government’s focus recently, investors are increasingly wondering which industry will fall out of favour with the Chinese government next. Uncertainty about the government’s further course of action accordingly led to another price slide …
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Tesla impresses again with a strong jump in sales and profits The electric car manufacturer Tesla opened its books after the close of trading on Monday and reported on its business performance in the second quarter. Tesla announced that earnings per share rose significantly from 0.436 US dollars to 1.45 US dollars in the reporting period. The company, led by …
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Frankfurt – 26/07/2021 Big-Tech Week The stock market week on Wall Street has begun as the old one ended: with new records. Not all international stock exchanges were able to keep up, but optimism continues to spread on the trading floor. However, investors have been rather cautious ahead of the eagerly awaited quarterly figures of the tech giants. China continues …
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American Express with big profit leap Credit card provider American Express Co posted higher sales and profits in the second quarter as consumer spending on travel and entertainment continued to rise, and the company built up credit reserves. American Express’ net income rose to $2.28 billion from $257 million a year earlier, the financial services provider said. Earnings were $2.80 …
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Frankfurt – 23/07/2021 Social Media Rally It was the day of the high-tech and social media stocks. Strong quarterly figures from Twitter and Snap fuelled the stock rally in New York. Snap shares shot up by 23 per cent, and Facebook shares also rose strongly. The “old economy” also reported good results: American Express and Honeywell surprised positively. Only markets …
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Visa acquires Currencycloud Visa buys for a high three-digit million amount. The company said it is acquiring Currencycloud, a London-based provider of cross-border payments technology. The latter is valued at £700 million in the deal. “The acquisition of Currencycloud will enable us to help our customers and partners reduce the hassle of cross-border payments,” said Colleen Ostrowski, global treasurer at …
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