Company News for Nov 30, 2020



  • Shares of Walt Disney Co.

    DIS

    dipped 1.3% after the company said that it would lay off 32,000 workers, compared to the 28,000 job cuts announced previously.



  • iQIYI, Inc.

    IQ

    shares fell 1.7% following news that Alibaba Group Holdings Ltd.

    BABA

    and Tencent Holdings Ltd have stalled talks in buying a controlling stake in the company.



  • Shares of Facebook, Inc.

    FB

    advanced 0.8% following news that the company is planning to launch its Libra cryptocurrency as early as January next year.



  • Apple Inc.

    AAPL

    shares rallied 0.5% following news that at the request of the company, supplier Foxconn is shifting some assembly of iPad and MacBook to Vietnam from China.

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