Stock News

Delta Air shares close lower on Thursday, positive cash flow expected by spring, CEO says

Delta Air Lines Inc (DAL) is still expected to achieve positive cash flow by the spring, Ed Bastian, the company’s Chief Executive Officer, said in a Friday memo. Delta Air shares closed lower for the sixth time in the past ten trading sessions in New York on Thursday. It has also been the steepest single-session […] Read more

J.P. Morgan shares close lower on Tuesday, bank to acquire global loyalty unit of cxLoyalty Group

J.P. Morgan Chase & Co (JPM) announced on Monday plans to acquire the global loyalty unit of cxLoyalty Group Holdings Inc. Yet, financial details of the agreement remained undisclosed. J.P. Morgan Chase shares closed lower for the fifth time in the past ten trading sessions in New York on Tuesday. The stock edged down 0.26% […] Read more

BMW shares gain for a fourth straight session on Tuesday, at least 20% of BMW vehicles expected to be electric by 2023

According to a report by German paper Augsburger Allgemeine, BMW intends to accelerate its production of electric vehicles. The luxury auto maker aims at least 20% of its sold vehicles to be made electric by 2023. Shares of Bayerische Motoren Werke AG (BMWG) were edging up 0.22% (EUR 0.165) in Frankfurt on Tuesday to trade […] Read more

Walt Disney shares gain the most in a week on Wednesday, Wells Fargo raises price target on stock, projects streaming success in 2021

Wells Fargo revised up its 12-month price target on Walt Disney Co (DIS) from $182 to $201 and maintained an “Overweight” rating on the stock, as it projects success in streaming growth into next year. Walt Disney shares closed higher for the fifth time in the past ten trading sessions in New York on Wednesday. […] Read more

Apple shares gain the most in a week on Tuesday, tech giant plans to produce a passenger vehicle by 2024

According to a recent report by Reuters, Apple Inc (AAPL) intends to begin production of a passenger vehicle by the year 2024 by using its own battery technology. Apple’s new battery design could lead to a “radical” reduction of battery costs and also improve the vehicle’s range, the report stated. Apple shares closed higher for […] Read more

Lockheed Martin shares close lower on Monday, company to acquire Aerojet Rocketdyne for $4.4 billion

Lockheed Martin Corp (LMT) said over the weekend that it would acquire US rocket engine maker Aerojet Rocketdyne Holdings Inc in a deal valued at $4.4 billion, including debt and net cash. The deal is expected to be finalized during the second half of 2021, subject to regulatory approvals. Lockheed Martin shares closed lower for […] Read more

Blackstone shares close lower on Friday, private equity firm to merge Alight Solutions with Foley Trasimene Acquisition Corp

According to a report by Reuters, citing sources with knowledge of the matter, Blackstone Group Inc (BX) is exploring a merger of US benefits services provider Alight Solutions LLC with a blank-check acquisition company backed by investor Bill Foley. Blackstone shares closed lower for the fifth time in the past ten trading sessions in New […] Read more

Southwest shares close lower on Wednesday, 35 737 MAX aircraft to be delivered through the end of 2021

Southwest Airlines Co (LUV) said on Wednesday that it would take delivery of 35 Boeing 737 MAX jets through the end of next year. Those deliveries will include 16 leased aircraft, Southwest said. The air carrier also noted that the 737 MAX would probably return to revenue service in March. Shares of Southwest Airlines closed […] Read more

Apple shares gain the most in two months on Tuesday, tech giant plans to bolster iPhone production by 30% in first half of 2021

According to a report by the Nikkei newspaper on Tuesday, Apple Inc (AAPL) intends to produce up to 96 million iPhones during the first six months of 2021, or an annual increase of nearly 30%, due to strong demand for the company’s 5G handsets. Apple shares closed higher for the fifth time in the past […] Read more

Exxon Mobil shares close lower on Monday, oil major plans greenhouse gas emission reduction by 2025

Exxon Mobil Corp (XOM) announced on Monday plans to reduce its greenhouse gas emissions over a five-year period in an attempt to contribute to the objectives of the Paris Agreement. Exxon Mobil shares closed lower for a second consecutive trading session in New York on Monday. It has also been the steepest single-session loss since […] Read more