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What’s new with Boeing?

After the fatal crash back in October last year, the share price of Boeing has started recovering. Although Boeing shares tumbled about 11% since the unfortunate crash, it started soaring almost 18% since August. After the statement given by the Federal Aviation Administration, it seems quite unlikely that Boeing 737 Max will be flying early…
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Steelcase shares started soaring after Q2 earnings results

Steelcase is a United States-based furniture company which was founded in 1912 by Peter M. Wege. According to the company, earnings per share was 50 cents which exceeded the estimated EPS by 7 Cents.  They had sales of $998 million which went above the estimates by $17.13 million. “We delivered one of our strongest quarters…
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Beyond Meat and plant-based movement

Beyond Meat has already grabbed the attention of a ton of people as a successful company that produces plant-based substitutes for meat. In fact, the company marked the biggest IPO of the year. Going by the ticker name BYND, the California based company which was founded in 2009 became one of the hottest topics of…
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Oil stocks started soaring after an unexpected incident

Due to a sudden surge in the prices of crude oil, stocks of oil companies started ascending on Monday. The prices started trading in full swing since May. This was due to sudden drone attack on Saudi Arabia’s oil production facilities. The attack on the plant ceased the output of more than 5.7 million barrels…
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Oil prices trading high

On Wednesday, oil prices started trading high after a report stated that the crude stockpiles stumbled last week and according to Reuters, it was more than twice the amount the analysts in their poll had forecast. The Brent Crude futures surged 0.6% to $62.89 a barrel whereas West Texas Intermediate (WTI) futures rose 0.9%, to…
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Asian markets gain

Asian markets were having a favourable time in early trading on Monday. As the weekend ended, on Sunday, a new report indicated that China’s trade with the United States went down in August, as new tariffs by both parties were announced. According to the customs data displayed on Sunday, imports of American goods collapsed 22%…
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Asian stocks rise

Stocks in Asia started rising as the result of the Hong Kong leader withdrawing the controversial extradition bill. Most importantly, Hang Seng index soared on Wednesday. Right after the news of extradition bill being lifted, Hong Kong stocks went up about 4% on that day. After the Hang Seng index rose, the Chinese stock started…
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Boeing shares wobble a bit due to the latest 737 Max being delayed

Boeing’s stocks plunged as much as 3% as the result of the news emerging that United Airlines and American Airlines will extend the cancellation of 737 Max flights. According to The Wall Street Journal, the aerospace company has decided to get the 737 Max re-certified and may not be active in service for holiday travel.…
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Tesla shares soared after China decided to exempt Tesla vehicles from Auto Tax

Although China stated that they are going to resume auto tariffs in December (that was paused in April), China’s automotive regulatory body confirmed that it won’t be applicable to electrical vehicles including Tesla models such as Model 3, Model S and Model X. This is a push to Tesla to avoid any increased costs from…
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Gold prices started surging

Gold prices started soaring on Thursday (August 29, 2019) amidst fears over recession. The demand for the metal started growing during the period of rising political and economical turmoil. Spot gold rose 0.2% to $1,542.06 per ounce whereas U.S. gold futures were up 0.1% at $1,550.80 an ounce as reported by Reuters. According to Michael…
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