Yesterday on Wall Street

Posted 20 June, 2022

After posting quarterly and annual revenue forecasts that fell below market expectations, Adobe fell 1.18% to 360.79.

A few days after Revlon (+ 91.28% to 3.73) is placed under the protection of US bankruptcy law, the Indian conglomerate Reliance Industries (- 1.71% to 2545.75) would consider buying the cosmetics manufacturer.

According to the Interfax agenda, the Russian subsidiary of Google (+ 1.05% to 2142.87) has filed for bankruptcy.

The oil and gas infrastructure company agreed to buy the natural gas processing company Lucid Energy Group (+6.95% to 16.63) for €3.38 billion.

According to the automotive group's website, the selling price of certain Model Y from the car manufacturer Tesla (+ 1.72% to 650.28) intended for the Chinese market has increased.

After a report that the People's Bank of China approved the request of Ant Group, an Alibaba subsidiary,  to create a financial holding company, the title gained 0.78% to 102.24. In its wake, Chinese companies listed on Wall Street have regained ground. Thus, JD.COM rose by 5.19% to 65.23, Baidu by 1.78% to 139.83, and Tencent Music by 2.26% to 4.53.

27% of the DataBank capital of the DigitalBridge group's data center platform (+ 3.95% to 4.74) will be sold to subsidiaries of Swiss Life Asset Management and EDF Invest for approximately 1.2 MD$.

Authorization from the authorities would allow the 3 companies CVS Health (- 1.32% to 88.66), Walmart (- 1.93% to 118.29), and Rite Aid (+ 2.31% to 6.2 ) to provide vaccines against COVID-19 to young children in the United States.

After a recent wave of cancellations, the US Transportation Secretary has urged airline executives to ensure summer flight schedules are adhered to.

Banking on higher premiums for the Medicaid program, Centene (-0.42% to 76.32) raised its annual profit forecast.

Citigroup lowered its recommendation on the Dow stock (-1.17% to 54.77) from Buy to Neutral.

The  Dow Jones thus lost 0.13% to 29,888.78 points, the  Nasdaq Composite rose by 1.43% to 10,798.35 points, and the  S&P 500  by 0.22% to 3,674.84 points.

Previous story

20 June, 2022 10:18

← Bitcoin up 10% after crashing below $18,000

The cost of the first cryptocurrency again exceeded $20 thousand. It is recovering after it updated the minimum since December 2020 last weekend.

Bitcoin up 10% after crashing below $18,000

Next story

17 June, 2022 09:49

The controversial quest for a "conscious" artificial intelligence →

Are artificial intelligence technologies becoming "conscious"? A Google engineer has been suspended for saying yes, sparking debate beyond Silicon Valley on a topic that is becoming less and less science fiction.

 

The controversial quest for a "conscious" artificial intelligence
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