GSX Techedu Inc (GSX) stock is currently tumbling because of several reasons. An important reason that many analysts mention about the tumbling of the stock is an allegation of fraud on the company. These allegations were made by short-sellers.
A Short Review On GSX:
Cree Inc (CREE) has released its second-quarter financial report for the fiscal year 2021. Cree grew its revenue and sold off its LED business, responsible for its global fame in the past.
The Cree company's revenue increased by 5% to $127 million in the...
On Thursday, hours before President-elect Joe Biden unveiled a large initiative to help the U.S. economy in the wake of the coronavirus epidemic, the New York Stock Exchange finished marginally lower. The media was concerned around two trillion dollars, in comparison to the 900 billion dollar proposal...
On Monday, after its reports for the last days of 2020, the New York Stock Exchange began 2021 in a difficult way. In spite of the vaccine race, the coronavirus outbreak appears to escalate in the USA and Europe. In Europe, England reported a complete refinancing period...
U.S. financial markets marked the introduction of all three main indices to fresh historical peaks on Monday 28 December, the first day of trade after Christmas. Fears that federal departments will be left without Tuesday's financing and that Americans will be left without subsidies have persisted in...
In this last (full) session before the extended Christmas weekend, Wall Street regained some ground. On Wednesday, the Dow Jones picked up +0.38 percent to 30,130 points. The S&P 500's wide index gained +0.07% to 3,690 points, while the Nasdaq Composite index, rich in stocks in technology...
The US dollar strengthened against major currencies on Tuesday, December 22. The DXY index was up 0.66 percent on the day to close at 90.546, while price of EUR/USD pair dropped by 0.62 percent to $1.21637.
The rise came as the situation with coronavirus...
The New York Stock Exchange ended in a spread order on Wednesday after a volatile day with the Nasdaq setting a new record high, while the S&P 500 is close to its own. The Fed reaffirmed its intention to continue its long-term support in the evening and...
After celebrating the launch of the U.S. coronavirus vaccine program, Wall Street ended Monday's half-tone session in the face of the epidemic's revival. The 300,000-dead Covid-19 mark was symbolically crossed in the U.S. on Monday, and New York City is contemplating re-shutting itself. Investors are also frustrated...
On Wednesday, job openings on the macro-economic front in the U.S. stood at 6.652 million in October, compared to 6.3 million by consensus. The reading of the previous month has been updated to 6.494 million; the U.S. JOLTS's Department of Labor study reveals. Wholesale inventories for October...