January 17, 2020 10:09 am
In a recruitment notice on its official WeChat account, Tesla Inc (TSLA) said that it intended to establish a design and research center in China to produce “Chinese-style” vehicles. Tesla shares closed lower for a second consecutive trading session on NASDAQ on Thursday. The stock went down 0.97% ($5.01) to $513.49, after touching an intraday […]
Read moreJanuary 17, 2020 7:49 am
Southwest Airlines Co (LUV), the largest 737 MAX operator in the United States, said on Thursday that it would cancel nearly 330 flights per day from its weekday schedule of over 4 000 flights through June 6th in an attempt to “reduce last-minute flight cancellations and unexpected disruptions.” Southwest’s decision follows similar moves by competitors […]
Read moreJanuary 16, 2020 10:23 am
UnitedHealth Group Inc’s (UNH) quarterly earnings, reported on Wednesday, exceeded Wall Street estimates, supported by revenue growth at its Optum unit. UnitedHealth shares closed higher for a second consecutive trading session in New York on Wednesday. It has also been the sharpest daily surge since November 15th. The stock went up 2.83% ($8.17) to $296.41, […]
Read moreJanuary 16, 2020 8:18 am
Boeing Co (BA) reported earlier this week the most disappointing annual net orders in decades, while its jet deliveries plunged to an 11-year low, as the company has lost the top spot to its main rival Airbus due to the global grounding of the 737 MAX. Boeing shares closed lower for the fourth time in […]
Read moreJanuary 15, 2020 10:05 am
Ford Motor Co (F) revealed plans to invest $82 million to expand annual production capacity at its facility in northern Vietnam to 40 000 vehicles from the current capacity level of 14 000 vehicles per year. Ford shares closed higher for the fifth time in the past ten trading sessions in New York on Tuesday. […]
Read moreJanuary 15, 2020 8:31 am
Delta Air Lines Inc’s (DAL) fourth-quarter earnings, reported on Tuesday, exceeded Wall Street estimates on new customer growth and supported by client loyalty to the brand. Rival air carriers that operate Boeing 737 MAX aircraft are together cancelling over 10 000 monthly flights as the jet’s global grounding continues. On the other hand, Delta Air […]
Read moreJanuary 14, 2020 10:50 am
Ford Motor Co (F) reported a third straight year of declining vehicle sales in China in 2019. Its total vehicle sales went down 26.1% compared to 2018 to 567,854 vehicles. Ford’s total sales in China plummeted 37% in 2018 and another 6% in 2017. Ford shares closed lower for a second consecutive trading session in […]
Read moreJanuary 14, 2020 8:09 am
According to an announcement by the Federal Aviation Administration (FAA) last week, it intends to impose a fine of $5.4 million on Boeing Co (BA), as the plane maker did not manage to prevent installing defective parts on 737 MAX aircraft. Boeing shares closed higher for the fifth time in the past ten trading sessions […]
Read moreJanuary 13, 2020 9:15 am
Piper Sandler maintained its “Overweight” rating on Tesla Inc (TSLA) and bolstered its 12-month price target on the stock from $423 to $553. The firm said Tesla’s potential for growth in China had been underestimated by the market even after TSLA’s recent rally. Tesla shares closed lower for a second consecutive trading session on NASDAQ […]
Read moreJanuary 10, 2020 10:44 am
Walmart Inc (WMT) has opened 134 new stores in Mexico in 2019 to mark the largest expansion in the country in six years, while increasing its presence there by almost 5%. At present, the US retailer operates 3 407 stores in Mexico, where it runs more outlets than in any other country outside the United […]
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