October 26, 2018 10:07 am
Tesla Inc surprised market players on Thursday with strong quarterly earnings and its ability to generate free cash flow. Some analysts on Wall Street even stated that they did not see a need for Tesla to raise capital in short term in order to support production of its Model 3. Tesla shares closed higher for […]
Read moreOctober 26, 2018 7:46 am
American Airlines Groups (AAL) adjusted quarterly earnings, reported on Thursday, came in line with market expectations. However, unadjusted earnings were sharply lower compared to a year ago, as rising fuel costs and the impact from Hurricane Florence in September weighed. American Airlines shares closed higher for the sixth time in the past nine trading sessions […]
Read moreOctober 25, 2018 9:35 am
Boeing Cos quarterly earnings, reported on Wednesday, topped Wall Street estimates as the plane maker continued to benefit from rising demand for jets as well as booming international air travel. Boeing shares closed higher for the first time in the past six trading sessions in New York on Wednesday. The stock went up 1.31% ($4.60) […]
Read moreOctober 25, 2018 7:07 am
Verizon Communications Incs quarterly revenue and earnings, reported on Tuesday, outstripped market expectations, as the company registered a stronger-than-anticipated phone subscriber growth, which triggered a 4% surge in its shares in New York on the day. Verizon shares closed higher for a seventh consecutive trading session in New York on Wednesday. The stock went up […]
Read moreOctober 24, 2018 8:46 am
Lockheed Martin Corporations (LMT) quarterly earnings, reported on Tuesday, topped Wall Street estimates, supported by strong sales growth in aeronautics. Lockheed Martin shares closed lower for a second consecutive trading session in New York on Tuesday. It has also been the steepest daily loss since October 11th. The stock went down 1.66% ($5.43) to $321.35, […]
Read moreOctober 23, 2018 9:40 am
Nomura Instinet was reported to have revised up its rating on Intel Corporation (INTC) to “Buy” from “Neutral” on Monday, as it said Intel might be the only company in the semiconductor segment that would raise estimates in October and November. At the same time, the firm maintained its price target on the stock at […]
Read moreOctober 23, 2018 7:42 am
According to a Monday report by Reuters, citing an internal memo sent to Goldman Sachs staff, Todd Leland has been appointed as head of the financial groups investment banking unit in the Asia Pacific region excluding Japan. Goldman Sachs shares closed lower for the second time in the past seven trading sessions in New York […]
Read moreOctober 22, 2018 9:52 am
J.P. Morgan Chase & Co (JPM) announced on Friday that it planned to open a new “fintech campus” in Silicon Valley where it would employ over 1 000 people. The majority of them will be employed with J.P. Morgan’s Chase Merchant Services division, which is the second-largest processor of card transactions for merchants in the […]
Read moreOctober 22, 2018 7:36 am
Last week, Tesla Inc revealed a new version of its Model 3 vehicle on its website, priced at $45 000. The rear-wheel-drive sedan will be equipped with a ”mid range” battery, sufficient for a 260-mile distance. In comparison, the more expensive Model 3 version has a long-range battery capable of covering a 310-mile distance. Tesla […]
Read moreOctober 19, 2018 10:04 am
FedEx Corporation (FDX) said on Thursday that it intended to purchase Manton Air-Sea Pty Ltd, which provides a range of logistics services, including freight forwarding and customs brokerage solutions. Having its headquarters based in Sydney, Manton will become a subsidiary of the FedEx Trade Networks operating company. FedEx shares closed lower for a second consecutive […]
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