Yesterday on Wall Street

Posted 02 August, 2022

Growth in manufacturing activity slowed in July. Indeed, the ISM manufacturing index came out at 52.8 after 53 in June and 52 expected.

Boeing gained 6.13% to 169.07 after the US regulator approved the planemaker's plan to resume deliveries of 787 Dreamliners. In addition, the aircraft manufacturer announced that it will establish a research and development center for sustainable fuel and electric aircraft in Japan.

Alibaba (+1.14% to 90.39) said it was doing its utmost to maintain its listing on the New York Stock Exchange alongside that of Hong Kong after being placed on a watch list by US authorities.

AMD rose 2.45% to 96.78 and Nvidia 1.53% to 184.41 after the US Commerce Department said it would limit the number of government subsidies for semiconductor manufacturing and that would prevent companies from using these funds to "inflate their results".

Twitter (- 1.75% to 40.88) was counter-attacked in court by Elon Musk who intensified his legal fight against the platform over its abortive takeover for $44 billion.

Baker Hughes (-4.01% to 24.66) announced that it had signed an agreement to sell its Russian oilfield services business to local management.

The Loews conglomerate (- 4.46% to 55.65) published a profit of $180 million for the second quarter against $754 million over the same period a year ago.

The payment solutions provider Global Payment (+ 4.67% to 128.03) will acquire the global provider of payment technology integrations and acquisition solutions EVO Payments for an amount of $4 billion.

Cowen and Company lowered its Spirit Airlines stock recommendation (-1.01% to 24.52) from Outperform to In-Line Performance.

Barclays lowered its recommendation on Comcast stock (-0.03% to 37.51) from Overweight to Weighted online.

The  Dow Jones  thus lost 0.14% to 32,798.40 points, the  Nasdaq Composite  0.18% to 12,368.98 points and the  S&P 500  0.28% to 4,118.63 points.

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04 August, 2022 08:47

← Binance Co-Founder Yi Hee to Lead Crypto Exchange Venture Capital

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Binance Co-Founder Yi Hee to Lead Crypto Exchange Venture Capital

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02 August, 2022 09:46

The court provided the founders of Vauld with protection from creditors for 3 months →

147 thousand clients of the company will be deprived of the right to file lawsuits against it until November 7.

The court provided the founders of Vauld with protection from creditors for 3 months
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