March 15, 2019 9:29 am
Yesterday General Electric Company (GE) offered full-year profit forecast below Wall Street estimates due to expenses related to restructuring of its power business. General Electric shares closed higher for a second consecutive trading session in New York on Thursday. It has also been the sharpest daily surge since March 11th. The stock went up 2.79% […]
Read moreMarch 14, 2019 11:09 am
Kroger Company (KR) said on Wednesday that it had finalized the sale of You Technology LLC, a digital coupon and digital rebate publishing platform, to Inmarsat Plc for as much as $565 million. The after-tax cash proceeds from the sale are to be used by Kroger to trim debt, the department store chain said. Shares […]
Read moreMarch 14, 2019 8:27 am
According to a statement by J.P. Morgan Chases consumer banking division on Wednesday, up to 90 new branches are expected to be opened in 9 top markets across the United States. J.P. Morgan Chase shares closed higher for the fourth time in the past twelve trading sessions in New York on Wednesday. The stock went […]
Read moreMarch 13, 2019 10:56 am
Cruise, General Motors Cos self-driving vehicle subsidiary, revealed plans earlier this week to expand its workforce by 1 000 people over the upcoming nine months, as the auto maker intends to introduce a robotaxi service by the end of the year. General Motors shares closed flat at $38.62 in New York on Tuesday. The stock […]
Read moreMarch 13, 2019 8:27 am
Earlier this week Edward Jones revised down its rating on Boeing Co (BA) from “Buy” to “Hold”, as it noted that the second fatal crash of the companys 737 MAX 8 jet in the past five months might affect its short-term profit. Ethiopian Airlines Flight 302 crashed shortly after the jet took off in a […]
Read moreMarch 12, 2019 10:43 am
J.P. Morgan Chase & Co (JPM), the largest bank in the United States in terms of assets, announced on Monday the merger of its middle-market technology and emerging growth commercial banking teams, a move that is expected to better position the Wall Street bank to target fast-growing startup companies. J.P. Morgan Chase shares closed higher […]
Read moreMarch 12, 2019 8:13 am
Credit union service organization CULedger said on Monday that it would collaborate with IBM to deliver new blockchain-based services, aimed to aid credit unions in improving experience for members. IBM shares closed higher for the fifth time in the past fourteen trading sessions in New York on Monday. It has also been the sharpest daily […]
Read moreMarch 11, 2019 10:37 am
A new report from noted Apple analyst Ming-Chi Kuo showed that the tech giant had been developing an augmented reality headset and was poised to launch the product. The pair of glasses could enter mass production as early as the fourth quarter of 2019 and could hit stores during the first half of 2020, the […]
Read moreMarch 11, 2019 8:04 am
Cowen downgraded on Friday Exxon Mobil Corp (XOM) from “Outperform” to “Market Perform”, as it noted that the energy company had no plans to reduce its natural gas spending any time soon, which translates to lower cash flow and restrained upside for its stock over the upcoming one year. The firm also revised down its […]
Read moreMarch 8, 2019 10:50 am
According to a report by Reuters on Thursday, citing sources with knowledge of the matter, Goldman Sachs Group Inc (GS) has eliminated 10 roles, further shrinking its global commodities trading division, as expenses rose and earnings dropped. The sources said that the job reductions were announced earlier this week after the Wall Street bank had […]
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