What happened
Shares of Ubiquiti (NYSE: UI) rose 13.8% during the month of May, according to data from S&P Global Market Intelligence. The networking equipment vendor delivered a better-than-expected earnings report on May 8, and also bought back a fair amount of stock durin
(RTTNews) - Ahead of Wednesday's holiday for the queen's birthday, the Thai stock market finished higher in three straight sessions, gathering more than 35 points or 2.7 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,375-point plateau and it's
LONDON (Reuters Breakingviews) - Boris Johnson is putting spin ahead of substance on Hong Kong. The UK prime minister said on Wednesday he will open a path to citizenship for as many as 3 million residents of the territory if China presses ahead with plans to impose a ne
What happened
XPO Logistics (NYSE: XPO) shares lost more than half of their value between mid-February and mid-March on fears the COVID-19 pandemic would cause a sustained recession and that the transport and logistics company was ill-prepared to deal with it.
(RTTNews) - Four current and former senior executives from two major broiler chicken producers, including Pilgrim's Pride CEO Jayson Penn, have been indicted for price fixing.
(RTTNews) - The Indonesia stock market has climbed higher in eight straight sessions, soaring more than 420 points or 9 percent along the way. The Jakarta Composite Index now sits just above the 4,940-point plateau and it's expected to open higher again on Thursday.
(RTTNews) - The Malaysia stock market has climbed higher in six straight sessions, soaring almost 100 points or 6.8 percent in that span. The Kuala Lumpur Composite Index now rests just beneath the 1,540-point plateau and it's expected to extend its gains again on Thursday.
(RTTNews) - Kezar Life Sciences, Inc. (KZR) - Shares of the clinical-stage biotechnology company soared nearly 80% after closing bell. The company's lead drug candidate is KZR-616, a selective inhibitor of immunoproteasome that plays a crucial role in the immune system.
(RTTNews) - The South Korea stock market has finished higher in four straight sessions, surging more than 120 points or 6 percent along the way. The KOSPI now rests just beneath the 2,150-point plateau and it's got another green light for Thursday's trade.
The coronavirus outbreak continues to spread globally as the number of confirmed cases rise to more than 6.3 million, with the death toll of at least 380,000, according to Johns Hopkins University. Moreover, the situation in Latin America seems to be alarming as Brazil, Peru and
Analysts and investors are racking their brains, trying to figure out how the Nasdaq 100 (QQQ) is trading at all-time highs, and why the S&P 500 is only down a few percent for the year with unemployment figures reaching depression levels. There is no doubt that the unprecede
What happened
A reopening economy and a better national jobs picture helped boost the confidence of investors who are focusing on business getting back to normal, and not on the continued displacement occurring in large cities as protests and riots break out.
Snap (NYSE: SNAP) has sided with Twitter (NYSE: TWTR) when it comes to policing inflammatory content on its platform, saying it will no longer promote President Donald Trump's posts.