October 27, 2020 10:52 am
Facebook Inc (FB) announced on Monday the launch of a free-to-play cloud gaming feature on its social media platform, which will enable users to play games such as “WWE SuperCard” and “Asphalt 9: Legends” without the need to download them. Facebook shares closed lower for the sixth time in the past ten trading sessions on […]
Read moreOctober 26, 2020 10:38 am
American Express Co’s (AXP) third-quarter earnings, reported on Friday, fell short of analyst estimates, since its clients trimmed spending during the coronavirus-induced economic downturn. Shares of American Express Company closed lower for the sixth time in the past ten trading sessions in New York on Friday. It has also been the steepest single-session loss since […]
Read moreOctober 23, 2020 7:39 am
Southwest Airlines Company (NYSE: LUV) reported on Thursday its largest quarterly loss on record during the third quarter as a result of the COVID-19 pandemic. Still however, the company said its cash burn would be lower during the current quarter, since leisure bookings show signs of recovery. Shares of Southwest Airlines closed higher for the […]
Read moreOctober 22, 2020 9:50 am
Amazon.com Inc (AMZN) disclosed on Thursday a $100 million investment in the establishment of new warehouses in Mexico, as it seeks to ensure more rapid deliveries. The new sites actually include 2 fulfillment centers near the cities of Monterrey and Guadalajara and 1 support building in the State of Mexico. Amazon shares closed lower for […]
Read moreOctober 20, 2020 9:39 am
Tesla Inc (TSLA) said on Monday that it would begin to export Model 3 sedans produced in China to at least ten European countries, among which Germany, France, Switzerland and Italy, later in October. Tesla shares closed lower for a third consecutive trading session on NASDAQ on Monday. The stock went down 2.01% ($8.84) to […]
Read moreOctober 19, 2020 9:44 am
American Airlines Group Inc (AAL) said over the weekend that Boeing 737 MAX would probably return to commercial service by the end of this year. It would depend on when the jet is certified by the US Federal Aviation Administration, the company said. American Airlines shares closed higher for the sixth time in the past […]
Read moreOctober 16, 2020 7:34 am
A report by Reuters, citing a person with knowledge of the matter, stated that Wells Fargo & Company (WFC) had fired between 100 and 125 employees in relation with COVID-19 relief fund misuse. According to David Galloreese, head of Human Resources at Wells Fargo, some of the bank’s employees made “false representations in applying for […]
Read moreOctober 15, 2020 9:35 am
Macy’s Inc (M) announced on Wednesday the appointment of Adrian Mitchell, a managing director at Boston Consulting Group, as its next Chief Financial Officer, who will assume the role in November. At the same time, the current interim CFO Felicia Williams is to join the company’s Racial Equity program as a Macy’s Inc Fellow. The […]
Read moreOctober 14, 2020 9:36 am
This year’s ‘Black Friday’ deals are to be extended beyond the traditional one-day period at Walmart Inc (WMT), the US retailer said on Wednesday, amid a significant change in clients’ spending habits because of the coronavirus pandemic. Walmart shares closed higher for a fifth consecutive trading session in New York on Tuesday. It has also […]
Read moreOctober 13, 2020 9:34 am
Benchmark was reported to have raised its rating on Ford Motor Company (F) from “Hold” to “Buy”, citing momentum from new products into the next year. The firm has also assigned a 12-month price target of $10 on the stock. Ford shares closed higher for the seventh time in the past ten trading sessions in […]
Read more