Stock News

Ford shares close lower on Wednesday, auto maker reports 21% year-on-year slump in US vehicle sales in November

Ford Motor Co (F) reported on Wednesday a 20.9% year-on-year slump in its total vehicle sales in the United States to 149,931 units in November. Last month Ford’s truck sales plummeted 20.9% year-on-year to 78,630 units, car sales plunged 39.1% year-on-year to 11,037 units, while sales of SUVs went down 16.4% year-on-year to 60,264 vehicles. […] Read more

Kohl’s shares gain the most in three weeks on Tuesday, company to open 850 Sephora shops inside its own sites

Kohl’s Corp (KSS) said on Tuesday that it had inked a long-term strategic partnership with Sephora, under which 850 Sephora shops will be opened inside Kohl’s own sites by 2023. Kohl’s shares closed higher for the sixth time in the past ten trading sessions in New York on Tuesday. It has also been the sharpest […] Read more

Apple shares gain the most in 2 1/2 weeks on Monday, stock upgraded to “Buy” at Loop Capital as firm cites strong 2021 sales outlook

Loop Capital has raised its rating on Apple Inc (AAPL) from “Hold” to “Buy”, while assigning a 12-month price target of $131, as the firm highlighted stronger iPhone build and shipment outlook. Apple shares closed higher for a fourth consecutive trading session on NASDAQ on Monday. It has also been the sharpest single-session gain since […] Read more

Amazon shares gain for a third straight session on Friday, front-line employees in the US to receive holiday bonuses costing Amazon over $500 million

Amazon.com Inc (AMZN) announced plans to spend over $500 million on one-time bonuses for its US front-line employees who are working during the busy holiday season amid the pandemic. Amazon shares closed higher for a third consecutive trading session on NASDAQ on Friday. The stock edged up 0.32% ($10.27) to $3,195.34, after touching an intraday […] Read more

Walt Disney shares close lower on Wednesday, company to lay off 32,000 employees, mostly at theme parks, due to pandemic

Walt Disney Co (DIS) said in a filing that it intended to dismiss 32,000 employees, mostly at its theme parks business, with effect during the first half of fiscal 2021. In September, the company had announced plans to lay off 28,000 workers. Walt Disney shares closed lower for the fifth time in the past ten […] Read more

Tesla shares close at an all-time high on Wednesday, company to manufacture electric vehicle chargers in a new China facility

According to a report by Reuters, citing a document submitted to the Shanghai authorities by Tesla Inc (TSLA), the US company intends to begin producing electric vehicle chargers in China in 2021. Tesla shares closed higher for a third consecutive trading session on NASDAQ on Wednesday. The stock went up 3.35% ($18.62) to $574.00. The […] Read more

Goldman Sachs shares gain for a second straight session on Tuesday, bank to launch share trading hub in Paris to avoid post-Brexit disruption

A stock trading hub will be launched in Paris by Goldman Sachs Group Inc (GS), the bank said on Tuesday, as it seeks to avoid disruption to clients after Britain fully parts ways with the European Union on December 31st. Goldman Sachs shares closed higher for a second consecutive trading session in New York on […] Read more

General Motors shares gain for a fourth straight session on Monday, 5.9 million vehicles to be recalled due to faulty air bag inflators

General Motors Company (GM) will have to recall 5.9 million trucks and SUVs equipped with Takata air bag inflators, after its petition to avoid the callback has been rejected by the US National Highway Traffic Safety Administration. General Motors shares closed higher for a fourth consecutive trading session in New York on Monday. It has […] Read more

Nike shares gain for a second straight session on Friday, sportswear maker raises quarterly dividend as it expects rebound in sales

Nike Inc (NKE) said on Friday that its quarterly dividend would be increased by 12%, or $0.03 per share, following another 11% raise in 2019. The company will pay a cash dividend of $0.275 per share on its outstanding class A and class B stock on December 29th. Nike shares closed higher for a second […] Read more

United Air shares close lower on Thursday, cancellations rise, bookings drop due to accelerating pandemic, airline says

United Airlines (UAL) said in a Thursday filing that there had been an uptick in flight cancellations and a drop in bookings during the week ended November 18th, because of a recent surge in new coronavirus infections in the United States. United Air shares closed lower for the sixth time in the past ten trading […] Read more