July 26, 2017 8:42 am
General Motors Companys (GM) second-quarter net income, reported on July 25th, outstripped market expectations, as a result of cost-cutting efforts. The results did not include losses from GMs business activity in Europe, which encompasses the companys German Opel and British Vauxhall brands. The auto maker also pledged to introduce production reductions during the second half […]
Read moreJuly 26, 2017 7:02 am
Global sales at McDonald’s established restaurants surged the most in five years during the latest quarter, supported by higher client traffic worldwide as well as new special offers in the United States such as fresh beef Quarter Pounders, signature crafted sandwiches, $1 soft drinks of all sizes and $2 McCafe beverages. McDonald’s shares closed higher […]
Read moreJuly 25, 2017 9:39 am
As reported by CNBC, Macquarie has revised up its price target for Amazon.com Inc (AMZN) to $1,130 from $1,060 previously. The firm has also maintained an “Outperform” rating of the stock. Amazon shares closed higher for the sixth time in the past seven trading sessions on Monday. It has also been the steepest daily gain […]
Read moreJuly 25, 2017 8:35 am
Microsoft Corporation (MSFT) was reported to be developing an AI-based co-processor for the next version of the companys HoloLens Augmented Reality headset. Microsoft shares closed lower for a second consecutive trading session on Monday. The stock edged down 0.26% ($0.19) to $73.60, after touching an intraday low at $73.13, or a price level not seen […]
Read moreJuly 25, 2017 7:27 am
Bank of America Corporation (BAC) has reportedly decided to base its operations within the European Union in Dublin, after the UK takes its leave from the bloc. The holding, however, did not specify any number of jobs to be moved or added in Irelands capital city. Bank of America shares closed higher for the second […]
Read moreJuly 24, 2017 9:19 am
According to a statement by the US Department of Labor, on July 21st Wells Fargo & Company (WFC) was ordered to pay $575 000 and to reinstate an employee who had been dismissed in September 2011, after raising suspicions that bank accounts have been opened without customer authorization. The name of the whistle blower remained […]
Read moreJuly 24, 2017 7:08 am
According to a July 23rd report by the Israeli Calcalist business newspaper, Blackstone Group LP (BX) is currently at an advanced stage of negotiations for the acquisition of a 40% stake of NSO Group, an Israeli cyber company. The potential acquisition is valued at $400 million. ClearSky would be a secondary buyer in the deal […]
Read moreJuly 21, 2017 9:59 am
According to a July 20th statement by the US Treasury Department, a $2-million fine has been imposed on Exxon Mobil Corporation (XOM) in regard to violations of Russia sanctions back in May 2014. Exxon Mobil shares closed higher for a second consecutive trading session on Thursday. The stock inched up 0.01% ($0.01) to $80.86, after […]
Read moreJuly 21, 2017 8:08 am
According to a July 20th statement by Prudential Financial Inc (PRU), it intends to introduce changes to its businesses in the United States. Five units are to be placed into three business groups, with each group serving particular client needs. The changes are expected to come into force during the last quarter of 2017. Prudential […]
Read moreJuly 21, 2017 6:08 am
USD/CHF R1 – 0.9524 R2 – 0.9536 R3 (Range Resistance – Sell) – 0.9548 R4 (Long Breakout) – 0.9584 R5 (Breakout Target 1) – 0.9625 R6 (Breakout Target 2) – 0.9642 S1 – 0.9500 S2 – 0.9488 S3 (Range Support – Buy) – 0.9476 S4 (Short Breakout) – 0.9441 S5 (Breakout Target 1) – 0.9399 […]
Read more
