December 11, 2019 7:43 am
France’s Autorité des marchés financiers (AMF) announced on Tuesday that it had imposed a fine of EUR 20 million ($22.16 million*) on Morgan Stanley (MS), as the Wall Street bank allegedly manipulated prices of sovereign bonds. The regulator said Morgan Stanley had manipulated prices of French and Belgian bonds in June 2015. Morgan Stanley shares […]
Read moreDecember 10, 2019 10:12 am
Goldman Sachs on Monday revised down its rating on Macy’s Inc (M) from “Neutral” to “Sell”, after the department store operator cut its full-year comparable sales and adjusted earnings forecasts. Goldman also cited “significant additional downside” to Macy’s operations, which could hamper its ability to reduce costs. The bank slashed its 12-month price target on […]
Read moreDecember 10, 2019 8:13 am
In an interview with CNBC, Microsoft Corp’s President Brad Smith said that Amazon’s decision to protest the Pentagon’s Joint Enterprise Defense Infrastructure (JEDI) contract had not made Microsoft delay its work on the huge cloud computing deal. The US Department of Defense awarded the $10 billion JEDI contract to Microsoft Corp on October 25th. Meanwhile, […]
Read moreDecember 9, 2019 8:30 am
Tesla Inc (TSLA) said last week that its Model 3 vehicles, manufactured in China, would receive government subsidies. The move is expected to help Tesla bolster its presence in the Chinese auto market. Tesla shares closed higher for the fifth time in the past ten trading sessions on NASDAQ on Friday. It has also been […]
Read moreDecember 6, 2019 9:34 am
Dollar General Corp (DG) reported on Thursday its largest quarterly growth in comparable sales in almost five years. The company also revised up its full-year adjusted earnings forecast. Dollar General shares closed higher for a second consecutive trading session in New York on Thursday. It has also been the sharpest daily surge since November 20th. […]
Read moreDecember 5, 2019 10:05 am
United Airlines Holdings Inc (UAL) said earlier this week that it had ordered 50 A321XLR jets from Airbus SE for routes between the US East Coast and Europe. The long-range A321XLR jets are to replace the air carrier’s fleet of 53 Boeing 757-200 aircraft as early as 2024. United Air shares closed lower for a […]
Read moreDecember 5, 2019 7:46 am
Tesla Inc’s (TSLA) Model X Sport-utility vehicle has received a five-star rating by the European New Car Assessment Programme (NCAP) in standard tests for Europe. Tesla shares closed lower for the fifth time in the past ten trading sessions on NASDAQ on Wednesday. It has also been the steepest daily loss since November 26th. The […]
Read moreDecember 4, 2019 10:10 am
UnitedHealth Group Inc (UNH) issued earlier this week its profit forecast for full year 2020. The health insurer projects full-year adjusted earnings within the range of $16.25 to $16.55 per share, while the median analyst estimate points to earnings of $16.46 per share. UnitedHealth shares closed lower for a fifth consecutive trading session in New […]
Read moreDecember 4, 2019 8:01 am
According to a report by Globes on Tuesday, Intel Corp (INTC) is in advanced talks over a potential acquisition of Israeli AI firm Habana Labs, valued at approximately $1 billion. Intel shares closed lower for a fourth consecutive trading session on NASDAQ on Tuesday. It has also been the steepest daily loss since August 23rd. […]
Read moreDecember 3, 2019 11:03 am
Dell Technologies Inc (DELL) said on Monday that Jeff Clarke had been appointed as its next Chief Operating Officer and vice chairman. Most recently, he was vice chairman of Products & Operations at Dell. Dell shares closed lower for a fourth consecutive trading session in New York on Monday. It has also been the steepest […]
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