Yesterday on Wall Street

Posted 29 March, 2022

Apple (+0.5% to 175.6) plans to reduce the production of several of its products, including the iPhone, in the 2nd quarter.

The fact that Tesla was going to propose to its shareholders to vote at the annual general meeting on an increase in the number of shares in order to operate a new split of the title, made the action rise by 8.03% to 1091, 84. Whereas before this announcement, the information according to which the group decided to suspend production at its factory in Shanghai for four days due to the containment measures taken by the Chinese authorities to carry out a massive campaign of tests for the detection of COVID- 19 caused the stock to drop slightly before the market.

After years of tension and negotiations with the authorities of the British capital, Uber Technologies (+ 2.08% to 34.77) announced that it had obtained a new 30-month license in London.

While continuing discussions with KKR (-0.14% to 58.58), Telecom Italia confirmed that it had received a non-binding offer from CVC Capital Partners for a minority stake in its business services activities.

After years of debate between its leaders, Walmart (+ 1.78% to 146) has stopped the sale of cigarettes in some of its stores.

While Bitcoin is nearing a three-week high and Ether is at a two-and-a-half-month high, cryptocurrency-related values ​​have also climbed. Thus Bit Digital rose by 7.65% to 4.08, Hut 8 Mining by 6.26% to 7.81, Marathon Digital Holdings by 8.24% to 31.27, and Riot Blockchain by 10.12% to 22 .86.

Cowen lowered its recommendation on the stock Foot Locker (-1.05% to 30.18) from Outperformance to Market Performance.

RBC lowered its recommendation on Altria Group stock (-2.97% to 52.03) from Outperformance to Sector Performance.

Piper Sandler lowered its recommendation on Beyond Meat (+1.05% to 49.14) from Neutral to Underweight.

The  Dow Jones  gained 0.27% to 34,955.89 points, the  Nasdaq Composite  rose 1.31% to 14,354.90 points and the  S&P 500  gained 0.71% to 4,575.52 points.   

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29 March, 2022 10:49

← Brazil: Bolsonaro sacks Petrobras president after fuel price hikes

Brazil's President Jair Bolsonaro on Monday sacked the chairman of state-owned oil group Petrobras, Joaquim Silva e Luna, in the government's crosshairs for sharply raising fuel prices seven months before the elections.

Brazil: Bolsonaro sacks Petrobras president after fuel price hikes

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29 March, 2022 09:06

Sonova launches new $1.5 billion share purchase program →

The new program, which will be launched in April and whose duration will reach 36 months, will be financed by free cash flow and by additional borrowings.

 

Sonova launches new $1.5 billion share purchase program
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