September 12, 2018 9:25 am
Boeing Company (BA) announced on Tuesday it now expected purchases of 7 690 new aircraft for about $1.2 trillion by the Chinese airlines over the period to 2037, as air carriers seek to respond to rising consumer and business demand for air travel. The new estimate represents an upward revision from a prior forecast, which […]
Read moreSeptember 12, 2018 7:14 am
J.P. Morgan Chase & Co (JPM) unveiled on Tuesday restructuring plans, involving the establishment of Wealth Management business operation in Luxembourg in order to improve capabilities in divisions such as Treasury Services and Custody & Fund Services. J.P. Morgan Chase shares closed higher for the third time in the past ten trading sessions in New […]
Read moreSeptember 11, 2018 10:20 am
Citigroup reportedly revised up its price target on Amazon.com Inc (AMZN) to $2 250 from $2 100 previously, as the bank pointed out that Amazon Prime subscribers could reach 275 million by the year 2029, while the e-commerce giant could generate over $500 billion in annual Prime-related gross sales. As of the end of 2017, […]
Read moreSeptember 11, 2018 7:38 am
According to a report by DigiTimes on Monday, citing industry sources, Intel Corp intends to outsource part of its production of 14nm chipsets to Taiwan Semiconductor Manufacturing Company (TSMC), as it faces tight in-house process production capacity. Intel shares closed lower for a fifth consecutive trading session on NASDAQ on Monday. The stock went down […]
Read moreSeptember 10, 2018 8:54 am
Ford Motor Company (F) said on Friday that its total vehicle sales in China had registered a 36% annual drop in August to 62 683 units. At the same time, the companys year-to-date sales in the country shrank 27% compared to the same period of 2017 to 520 788 vehicles. Ford shares closed lower for […]
Read moreSeptember 9, 2018 11:39 am
Apple Inc will have to manufacture its products inside the United States in order to avoid tariffs on imports from China, US President Donald Trump said on Twitter on Saturday. Apple shares closed lower for a third consecutive trading session on NASDAQ on Friday. The stock went down 0.81% ($1.80) to $221.30, after touching an […]
Read moreSeptember 8, 2018 10:22 am
According to a report by the Wall Street Journal on Friday, citing sources with knowledge of the matter, Tim Armstrong, the current head of media and advertising at Verizon Communications Inc (VZ), is considering to part ways with the US company. Verizon shares closed lower for the fifth time in the past eleven trading sessions […]
Read moreSeptember 7, 2018 8:41 am
According to a report by the Wall Street Journal on Thursday, citing sources with knowledge of the matter, Wells Fargo & Companys (WFC) wholesale banking unit is being investigated by the US Justice Department in relation with possible fraudulent actions by employees, after claims emerged that Wells Fargo employees improperly made changes to client data. […]
Read moreSeptember 6, 2018 10:37 am
According to an announcement by Twenty-First Century Fox Inc (FOXA) on Wednesday, it has invested $100 million to acquire stakes in social broadcasting platform Caffeine and a newly formed venture Caffeine Studios. Fox shares closed lower for a second consecutive trading session on NASDAQ on Wednesday. The stock edged down 0.15% ($0.07) to $45.24, after […]
Read moreSeptember 5, 2018 10:15 am
According to a report by the British newspaper The Times, Ford Motor Company (F) intends to discontinue production of several of its auto models as a result of a planned operational restructuring, which the US company has already announced. Ford shares closed lower for a fourth consecutive trading session in New York on Tuesday. The […]
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