Articles by: Miroslav Marinoff

US auto sales in November may benefit from Black Friday, industry consultant Edmunds says

According to a report by industry consultant and car shopping website Edmunds on Wednesday, 1 422 212 new automobiles and trucks are expected to be sold in the United States during the current month, boosted by Black Friday deals, which would bring the Seasonally Adjusted Annual Rate (SAAR) up to 17.8 million vehicles. Novembers forecast […] Read more

Apple shares gain for a second session in a row on Wednesday, illegal student labor reported at company’s facility in China

A small number of students have been working overtime at Apple Incs facility in China, which violated domestic labor legislation, the tech giant said on Wednesday. The students worked by choice for over 11 hours per day as part of an internship program at a factory under the management of Hon Hai Precision Co Ltd. […] Read more

Facebook shares gain the most in three weeks on Tuesday, company representatives to meet regulators in Russia over compliance

According to TASS news agency, citing the head of Russias communications regulator Roskomnadzor, Facebook Inc (FB) intends to meet the states regulatory authority in December or in early January in relation with compliance matters. Facebook shares closed higher for the third time in the past ten trading sessions on Tuesday. It has also been the […] Read more

Apple shares gain the most in two weeks on Tuesday, company removes a number of applications in China

A number of applications, including Skype and Microsoft’s internet phone call & messaging service, have reportedly been removed from Apple Incs app store in China, as the states government cited domestic regulation violations. Meanwhile, several China-based users filed complaints following the app removal, as they could not pay for Skype’s services via Apple. Apple shares […] Read more

Goldman Sachs shares close higher on Monday, group reveals two EU hubs following Brexit

According to Lloyd Blankfein, Goldmans Chief Executive Officer, there will be two Goldman hubs in Europe, one in Frankfurt and one in Paris, after Britain leaves the European Union. At the same time, Goldman Sachss personnel will be given the freedom to decide to which one of them they will be relocated after leaving London. […] Read more

Boeing shares gain the most in two weeks on Monday, an order for 75 jets confirmed by Avolon

An order for 75 Boeing jets has reportedly been confirmed by Avolon, a Dublin-based aircraft leasing company. According to a statement by Bohai Capital, Avolons parent, the firm may purchase additional 20 aircraft. Avolon expects to take delivery of the jets between 2021 and 2024. Boeing shares closed higher for the fourth time in the […] Read more

Ford shares close lower on Friday, company faces rejection of its petition regarding vehicle recall delay

According to the US National Highway Traffic Safety Administration, it has rejected a petition by Ford Motor Company (F) related to delaying the recall of almost 3 million vehicles with potentially problematic air bag inflators. The auto maker did not immediately state whether it intended to challenge the decision. Ford shares closed lower for the […] Read more

Apple shares close lower on Friday, the release of company’s HomePod speaker delayed until 2018

According to a statement by Apple Inc (AAPL) on Friday, the release of its HomePod speaker set will be pushed back to early 2018. The product was first announced during Apples developer conference in June. Apple shares closed lower for the sixth time in the past seven trading sessions on Friday. The stock went down […] Read more

Wal-Mart shares soar to a fresh all-time high on Thursday as third-quarter earnings beat estimates, company raises full-year forecast

Wal-Marts third-quarter earnings, reported on Thursday, exceeded market expectations, as comparable store sales in the United States registered their strongest growth rate since 2009, regardless of sluggish demand and fierce competition from on-line sellers. Wal-Mart shares closed higher for the seventh time in the past eight trading sessions on Thursday. It has also been the […] Read more

Exxon Mobil shares fall for a fifth session in a row on Thursday, RBC Capital revises down price target for the stock

Shares of Exxon Mobil Corporation (XOM) retreated to lows unseen in 7 1/2 weeks on Thursday, after RBC Capital revised down its price target for the stock due to exhausted potential of share buybacks in the future. Exxon Mobil shares closed lower for a fifth consecutive trading session on Thursday. The stock went down 0.80% […] Read more