Market Updates

General Motors had its best quarter ever as buying interest remains high

As global economies went into lockdown mode during the first half of 2020, U.S. auto demand crashed. This drove huge share-price declines for auto stocks. Shares of industry leader General Motors (NYSE:GM) briefly lost more than half of their value in March. Last quarter, GM and its dealers delivered 665,192 vehicles in the […]

Nike smashed profit expectations and the stock jumped above 10%

Nike Inc. powered to an all-time high after the world’s largest sportswear maker returned to profit and posted far better revenue than predicted, a sign it’s swiftly bouncing back from the pandemic slump. Revenue amounted to $10.6 billion in its fiscal first quarter, Nike said on Tuesday, compared with the $9.11 billion estimate of analysts. […]