Gulf Brokers DMCC

26/05/2022

Apple will raise the minimum wage for U.S. employees.

Apple stated on Wednesday that it shall raise the starting pay for its American employees, citing a tight labor market and a surge in unionization efforts amid growing inflation. Starting pay for the company's U.S. team members will increase to $22 per hour or higher, depending on market conditions....

25/05/2022

25/05/2022

Snapchat goes into oblivion.

Shares of social media stocks, including Meta & Twitter plunged, the Snapchat stock collapsed by more than 40% on Tuesday’s trading session. The Snapchat parent of the popular social media platform has warned that it expects to miss profit & revenue estimates due to macroeconomic deteriora...

24/05/2022

Samsung to invest enormous funds towards semiconductors.

Samsung Electronics announced shall invest 450 trillion won ($356 billion) over the next five years to bolster growth in semiconductors, biopharmaceuticals, and other next-generation technologies.Samsung stated on Tuesday that the investments will aid the firm in achieving long-term growth in pivota...

23/05/2022

According to latest data from The World Bank , the United States remains as the largest economy in the world as per nominal GDP.

• But, the growth has become inversed, with China catching up to the world's largest economy at an incredible pace.

23/05/2022

Siemens Energy may buyout the remaining stake at Siemens Gamesa.

Siemens Energy launched a 4.05 billion euro ($4.28 billion) bid on Saturday for minority stakes in Siemens Gamesa, the faltering wind turbine subsidiary, with the goal of removing a complicated ownership structure that has weighed down on its shares. The offer price of 18.05 euros per share presents...

19/05/2022

Underwhelming forecasts plunges Cisco stock.

Following the company's third-quarter financial statement, the shares of Cisco stumbled by roughly 17% in the after-hours period on Wednesday. While the $0.87 earnings per share beat the $0.86 consensus projection, the revenue of $12.8 million (year-over-year) fell short of the $13.34 million averag...

18/05/2022

In 2022, the Chevron stock (NYSE: CVX) escalated over 45% to currently price at $174.

• As oil supply continues to tighten amid EU sanctions on Russian natural resources, crude barrels have become much more valuable, translating to higher profit margins for oil giants like Chevron, ExxonMobil and Shell.

18/05/2022

Sony Electronics is ready to conquer the metaverse.

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According to Sony’s Chief Executive Kenichiro Yoshida, the Japanese conglomerate is well-positioned to play a pioneering role in the emerging metaverse. Yoshida said in a strategy briefing, that “the metaverse is at the same time a social space and live network space where games, music, movies a...

17/05/2022

Trump's Truth Social app to raise $50 million more.

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Former U.S. President Donald Trump's new social media venture revealed in a regulatory filing on Monday that it may collect up to $50 million in convertible notes before merging with a blank-check acquisition firm.When Truth Media & Technology Group (TMTG) joins with Digital World Acquisition, i...