June 20, 2019 9:05 am
According to a Wednesday report by Nikkei Asian Review, Apples key suppliers have been asked to evaluate the cost implications of relocating 15% to 30% of their production capacity from China to Southeast Asia. The locations being taken into consideration include India, Indonesia, Mexico, Malaysia and Vietnam. Apple shares closed lower for the fourth time […]
Read moreJune 20, 2019 6:31 am
Yesterday Ford Motor Company (F) disclosed more details regarding its 2020 Mustang Shelby GT500. With its 760 horsepower and 625 lb.-ft of torque, as of yet, it is Fords most powerful street-legal automobile. Ford shares closed lower for the fifth time in the past thirteen trading sessions in New York on Wednesday. The stock went […]
Read moreJune 19, 2019 9:13 am
During the first day of the Paris Air Show, Boeing Co (BA) did not register any new plane orders, CNBC reported. On the other hand, according to the aviation consulting company IBA.iQ, Boeing’s European rival, Airbus, registered orders and options for 123 aircraft. Boeing shares closed higher for a second consecutive trading session in New […]
Read moreJune 19, 2019 6:30 am
Shares of Snap Inc (SNAP) registered their largest single-session gain in two weeks on Tuesday, after BTIG revised up its 12-month price target on Snap Inc (SNAP) from $15 to $20. The firm also maintained a “Buy” rating on the stock. Snap shares closed higher for the fifth time in the past ten trading sessions […]
Read moreJune 18, 2019 9:25 am
General Electric Company (GE) announced on Monday that it intended to cut 450 job positions at two facilities in Switzerland in order to address “challenges on the global energy markets”. General Electric shares closed lower for a second consecutive trading session in New York on Monday. It has also been the steepest daily loss since […]
Read moreJune 18, 2019 7:24 am
According to a report by the Wall Street Journal during the weekend, citing sources with knowledge of the matter, Goldman Sachs Group Inc (GS) is seeking to merge its private-investing units into a new division, which is to have nearly $140 billion in assets. The Wall Street bank intends to merge four different units investing […]
Read moreJune 17, 2019 7:42 am
Tesla Inc is seeking to bolster its US vehicle sales even further, so that it could achieve record quarterly deliveries, Electrek reported last week. Tesla shares closed higher for a second consecutive trading session on NASDAQ on Friday. The stock went up 0.47% ($1.01) to $214.92, after touching an intraday high at $216.65, or a […]
Read moreJune 14, 2019 9:36 am
At the E3 gaming conference in Los Angeles, Netflix Inc (NFLX) announced that it would release a free-to-play mobile video game next year, which will be based on the companys original series “Stranger Things”. The game is being developed in cooperation with Helsinki-based Next Games Corp, Netflix said. Netflix shares closed lower for a fourth […]
Read moreJune 14, 2019 7:55 am
Yesterday Morgan Stanley raised its 12-month price target on Walt Disney Company (DIS) from $135 to $160, as it noted that the media company’s new streaming service, Disney+, could boost its adjusted earnings to over $11 per share by fiscal year 2024. Walt Disney shares closed higher for a second consecutive trading session in New […]
Read moreJune 13, 2019 9:20 am
As many as 500 new tech jobs are expected to be added by Facebook Inc (FB) in London by the end of this year, out of which 100 will be in artificial intelligence. Many of the roles will be focused on detection and removal of malicious content, fake accounts and harmful behavior, the social media […]
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