World events

Russian Stock Market

Russian Stock Market Slumps, Marking The Worst Day in 8 years

As the Russian and Ukraine Crisis reaches a critical point, the countries benchmark MOEX Russia equity index closed yesterday’s trading session down 12%. The fall marks Russia’s biggest drop since Russia’s annexation of Crimea in March 2014.  The Russian Currency Ruble, has also taken a hit currently buying 0.013 United States Dollars per 1 Ruble. Goldman Sachs …

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Hennessy Capital merger

Hennessy Capital surges 34% on merger – here’s what you need to know

Hennessy Capital Acquisition Corp IV Class A (NASDAQ: HCAC) has recently gained a fresh vote of confidence from investors. The Special Purpose Acquisition Company (SPAC) has seen an impressive gain of 34% in the share price over the past month. On August 18th, the company announced it had reached a definitive agreement with Canoo, a …

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USPS deal to be announced next week

Will Workhorse land the USPS deal? – here’s everything you need to know.

Workhorse (NASDAQ:WKHS) investors are gearing up for an announcement from the United Stated Postal service (USPS) regarding their $6 Billion deal to revamp their delivery vehicles. WKHS surged 12.62% on Friday as Roth Capital analyst Craig Irwin noted that Workhorse was best fit for the USPS deal. Workhorse is the only contender for the deal offering …

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Johnson & Johnson set to acquire Momenta Pharmaceuticals – here’s what investors need to know

Johnson & Johnson announced this morning that they have entered a “definitive agreement” to acquire Momenta Pharmaceuticals at $52.50 per share. The acquisition has been confirmed as an all-cash transaction, which has been approved “unanimously” by the Board of Directors from both J&J and Momenta. The acquisition is set to be finalised later this year, …

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JP Morgan

J.P Morgan set to release earnings on Tuesday – here’s everything you need to know

JP Morgan Chase & Co (NYSE: JPM) alongside other corporate giants will face the music this week as they are set to release second-quarter earnings for 2020. The timing of the JP Morgan earnings report will be on Tuesday, July 14, 2020. While the investor conference call will commence at 8:30 a.m. (Eastern US). Expectations for …

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Here’s the latest on the German DAX and the opportunities that are arising for investors.

The DAX is an index made up of some of the largest companies within Germany listed on the Frankfurt Stock Exchange. The companies listed on the DAX must meet specific criteria – a testament to the high quality these companies display. The DAX data over a period of 42 years – is relatively linear (inc. …

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Market Update: US – China tensions escalate – is this bull market a sucker’s rally?

Despite the false bull market the Australian markets failed to maintain their positive momentum throughout the week. The ASX 200 slipped on Friday to close out the week 0.96% lower at 5497 points. However, this was not enough to erase the gains that were made by Moderna’s positive vaccine results However, this week saw renewed …

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US-China trade war escalations could create another bear market.

Before COVID-19, the tensions between the US and China were rising. The two economic powerhouses are already fighting over the origins of the virus, a trade war would see the relationship sink further. Many experts say that China and the US are in a “new type of cold war”. Especially as the level of trust …

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