April 16, 2019 6:59 am
Goldman Sachs Group Inc (GS) reported a drop in revenue in almost all of its key businesses during the first quarter on Monday. On the other hand, the banks quarterly earnings topped Wall Street estimates, supported by lower operating expenses and a surge in financial advisory revenue. Goldman Sachs shares closed lower for the third […]
Read moreApril 15, 2019 9:28 am
J.P. Morgan Chase & Co’s first-quarter earnings, reported on Friday, exceeded Wall Street estimates, as, according to CEO Jamie Dimon, strong performance across the bank’s businesses has been buoyed by solid growth in the US economy, moderate inflation and strong business and consumer confidence. J.P. Morgan Chase shares closed higher for a third consecutive trading […]
Read moreApril 15, 2019 6:51 am
Walt Disney Cos shares registered their largest single-session gain and touched a record high on Friday after analysts appreciated the company’s move to price its new video streaming service below Netflix Inc’s standard offering. Disney+, Walt Disney’s streaming service, has been priced at $6.99 per month. In comparison, Netflix’s standard plan is priced at $8.99 […]
Read moreApril 12, 2019 9:32 am
According to a statement by Apple Inc (AAPL) on Thursday, the number of suppliers, that use only clean energy for their production, has been almost doubled. Apple said that 44 companies were now in its clean energy program, including Taiwan Semiconductor Manufacturing Co Ltd, the supplier of the A-series chips for Apples mobile devices, and […]
Read moreApril 12, 2019 7:26 am
Shares of United States Steel Corporation (X) plunged to lows not seen since October 2016 during Thursdays session, after Bank of America Merrill Lynch double downgraded the stock from “Buy” to “Underperform”, while analyst Timna Tanners noted that the company had become the latest “Steelmageddon victim”. Bank of America Merrill Lynch also cut its 12-month […]
Read moreApril 11, 2019 7:56 am
Boeing Co (BA) said earlier this week that it had zero new orders for its 737 MAX line-up after a global grounding in March, while its total jet orders and deliveries dropped during the first quarter. Boeing shares closed lower for a fourth consecutive trading session in New York on Wednesday. It has also been […]
Read moreApril 10, 2019 9:27 am
According to a statement by Bank of America Corporation (BAC) on Tuesday, its minimum hourly wage is to be raised to $20 by the year 2021. From May 1st, the minimum pay will be raised to $17 per hour from $15 currently, the bank said. Bank of America shares closed lower for the third time […]
Read moreApril 10, 2019 7:05 am
Shares of United States Steel Corporation (X) registered their largest single-session loss in 36 weeks on Tuesday, after Credit Suisse revised down its rating on the stock from “Neutral” to “Underperform” and also slashed its 12-month price target from $21 to $13. The firm underscored that the US steel giant was “in a weaker competitive […]
Read moreApril 9, 2019 9:30 am
According to a Monday report by Reuters, the European Data Protection Supervisor has launched a probe into whether products provided by Microsoft Corp to institutions within the EU are compliant with its new data protection regulations. Microsoft shares closed higher for a second consecutive trading session on NASDAQ on Monday. The stock inched up 0.03% […]
Read moreApril 9, 2019 6:32 am
Shares of General Electric Company (GE) registered their largest single-session loss in one month on Monday, after J.P. Morgan analyst Stephen Tusa revised down his rating on the industrial conglomerates stock from “Neutral” to “Underweight” and also slashed his 12-month price target from $6 to $5. General Electric shares closed lower for a fourth consecutive […]
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