Yesterday on Wall Street

Posted 26 May, 2022

After rising 0.6% in March, durable goods orders rose 0.4% last month vs. 0.6% expected.

Oil inventories fell by 1M barrels last week vs. -0.739M expected.

Nike (+ 0.85% to 108.2) has decided not to renew its contracts with its main franchisee in Russia.

After the delays caused by the strict containment measures decided in recent months by the Chinese authorities, Apple (+ 0.11% to 140.52) asked its suppliers to accelerate the development of future versions of the iPhone.

Pfizer (% to) will, in 45 of the world's poorest countries, sell at cost price all of its patented drugs, including Paxlovid against Covid-19 and its successful breast cancer treatment Ibrance.

Amazon (+ 2.57% to 2,135.5) held its annual general meeting during which its shareholders voted on 14 resolutions questioning its commercial, social and environmental practices.

The largest shareholder of the fast-food brand The Wendy's Co (+ 9.77% to 17.86), Nelson Peltz said he was considering the possibility of a takeover bid.

In order to limit the increase in its costs, Lyft (-0.42% to 16.65) announced a marked slowdown in its recruitments and said it was studying the possibility of reducing the expenses of some of its activities.

After raising its forecast for full-year revenue and profit, department store chain Nordstrom's stock gained 14.02% to 2,358.

Following the announcement by TotalEnergies of the acquisition of 50% of the parent company of Clearway Energy (+ 5.28% to 34.49) from Global Infrastructure Partners (GIP), which will become a 50% shareholder less one share of the parent company of SunPower (+ 3.2% to 16.46).

After posting a quarterly profit above consensus, the residential construction group Toll Brothers took 9.05% to 48.31.

The  Dow Jones  thus gained 0.6% to 31,120.28 points, the  Nasdaq Composite  1.51% to 11,434.74 points and the  S&P 500  0.95% to 3,978.73 points.

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26 May, 2022 09:52

← Video game: Sony wants to turn to PCs, mobiles and online services to expand its audience

The Japanese giant Sony announced Thursday its intention to accelerate the release of video games on computers and mobile phones and to bet more heavily on online services to increase its audience beyond its PlayStation consoles.

 

Video game: Sony wants to turn to PCs, mobiles and online services to expand its audience

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24 May, 2022 16:03

Bitcoin fell by 4.6% in a day →

The price of the first cryptocurrency fell below $29,000, failing to gain a foothold at $30,000.

Bitcoin fell by 4.6% in a day
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