August 7, 2017 10:10 am
The base price of Tesla Incs (TSLA) Model X SUV was reportedly lowered to $79 500, as the companys overall gross margins improved. At the same time, P100D, or the costliest version of Teslas Model X, which delivers the fastest acceleration and a longer range, is now priced at $145 000. The move comes amid […]
Read moreAugust 7, 2017 7:21 am
According to documents released to the public on August 4th by the National Highway Traffic Safety Administration, almost 800 000 Chevrolet Silverado 1500 and GMC Sierra 1500 pickups are being recalled by General Motors, due to possible power steering loss. General Motors shares closed higher for the fifth time in the past eight trading sessions […]
Read moreAugust 4, 2017 10:14 am
Aetna Inc’s second-quarter earnings, reported on August 3rd, outstripped market expectations, as a slump in revenue has been overshadowed by cost efficiency, with the company withdrawing from Affordable Care Act market exchanges. Aetna shares closed higher for a third consecutive trading session on Thursday. It has also been the sharpest daily surge since February 14th. […]
Read moreAugust 4, 2017 7:59 am
A $26.5 million contract award has reportedly been given to Lockheed Martin Corporation (LMT) by the United States Navy in relation with production of Enhanced Laser Guided Training Rounds. Lockheed Martin shares closed higher for a fifth consecutive trading session on Thursday. The stock edged up 0.38% ($1.12) to $295.82, after touching an intraday high […]
Read moreAugust 4, 2017 6:44 am
Shares of the largest life insurer in the United States, MetLife Inc (MET), plummeted at the sharpest daily rate in six months during yesterdays trade, as the company announced expectations of $1 billion in charges during the third quarter associated with the spin-off of Brighthouse Financial, its retail unit in the US. MetLife shares closed […]
Read moreAugust 3, 2017 10:47 am
Shares of Apple Inc (AAPL) reached a new record high yesterday, supported by surprisingly strong quarterly sales, while also facilitating a move in the Dow Jones Industrial Average beyond the 22,000 level for the first time in history. Apple shares closed higher for a second consecutive trading session on Wednesday. It has also been the […]
Read moreAugust 3, 2017 8:02 am
According to an August 2nd statement by the US Consumer Financial Protection Bureau, a fine of $4.6 million has been imposed on JP Morgan Chase & Co (JPM) over allegations the bank did not ensure that accurate information had been reflected in checking account screening reports. The screenings are conducted by companies such as ChexSystems […]
Read moreAugust 3, 2017 6:56 am
Shares of AMC Entertainment Holdings Inc (AMC) plummeted sharply on Wednesday after the media company said it expected a considerable loss during the second quarter. At the same time, cost reduction and revenue-improving efforts are to be initiated. AMC also noted that challenges might continue into the third quarter. Shares of AMC Entertainment Holdings closed […]
Read moreAugust 2, 2017 10:35 am
Two Windows Mixed Reality headsets have reportedly been released by Microsoft Corporation (MSFT) to the general public. The headset manufactured by Acer is priced at $299, while the one by HP – at $329. Microsoft shares closed lower for a fifth consecutive trading session on Tuesday. The stock edged down 0.17% ($0.12) to $72.58, with […]
Read moreAugust 2, 2017 7:43 am
According to Marty Chavez, Goldman Sachs Chief Financial Officer, market conditions for fixed income trading have not become much better since the second quarter. Low volatility, the major reason for the groups 40% slump in bond trading revenue in Q2, had continued into the current quarter, he noted. GS fell behind rivals such as JP […]
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