February 5, 2020 10:43 am
MoffettNathanson was reported to have upgraded Comcast Corp (CMCSA) to “Buy” from “Neutral”, as the firm said the shares were “too cheap on any reasonable sum-of-the-parts valuation.” MoffettNathanson also raised its 12-month price target on the stock from $49 to $52, suggesting a 17.43% upside from yesterday’s closing price. Comcast shares closed higher for the […]
Read moreFebruary 5, 2020 7:50 am
According to a report by Reuters, citing a company memo, Citigroup Inc (C) has named Peter Crawley as head of its treasury and trade solutions (TTS) team for Britain and Europe, effective April 6th. Citigroup shares closed higher for a second consecutive trading session in New York on Tuesday. It has also been the sharpest […]
Read moreFebruary 4, 2020 10:08 am
A battery supply agreement has been signed between Tesla Inc (TSLA) and CATL, China’s leading electric vehicle battery manufacturer based in the city of Ningde. Tesla shares closed higher for a fifth consecutive trading session on NASDAQ on Monday. It has also been the sharpest daily surge since May 9th 2013. The stock went up […]
Read moreFebruary 4, 2020 8:08 am
Apple Inc (AAPL) said during the weekend that it would close all of its official stores and corporate offices in mainland China until February 9th amid rising coronavirus outbreak concerns as the death toll has reached more than 350. This way Apple is joining a group of international companies such as McDonald’s Corp and Starbucks […]
Read moreFebruary 3, 2020 9:05 am
International Business Machines Corp (IBM) said last week that its Chief Executive Officer Ginni Rometty would step down in April and would be succeeded by Arvind Krishna, the head of its cloud business. IBM shares closed higher for the fifth time in the past ten trading sessions in New York on Friday. It has also […]
Read moreJanuary 31, 2020 10:23 am
Goldman Sachs Group Inc (GS) earlier this week unveiled long-term targets to support growth of many of its businesses, as it attempts to expand in segments dominated by J.P. Morgan Chase and Bank of America. Goldman Sachs shares closed higher for the fourth time in the past ten trading sessions in New York on Thursday. […]
Read moreJanuary 31, 2020 7:46 am
United Parcel Service Inc (UPS) said earlier this week that it would order 10 000 electric delivery trucks from Arrival Ltd, as it seeks to reduce costs and tailpipe pollution. The package delivery company also announced a tie-up with Waymo, the self-driving unit of Alphabet Inc. United Parcel shares closed lower for the seventh time […]
Read moreJanuary 30, 2020 10:29 am
According to a report by Bloomberg, citing sources with knowledge of the matter, J.P. Morgan Chase & Co (JPM) intends to cut hundreds of jobs throughout its consumer unit. No exact number of job cuts was highlighted in the report, but yet, the media said the planned layoffs represented nearly 1% of people employed at […]
Read moreJanuary 30, 2020 8:07 am
Boeing Co’s (BA) acquisition of Embraer SA’s commercial aviation unit has been approved without restrictions by Brazil’s Cade, a statement on the antitrust regulator’s website showed. Boeing shares closed higher for the fourth time in the past ten trading sessions in New York on Wednesday. The stock went up 1.72% ($5.46) to $322.02, after touching […]
Read moreJanuary 29, 2020 10:03 am
Exxon Mobil Corp (XOM) said earlier this week that it had boosted its estimated recoverable resources in Guyana to over 8 billion oil-equivalent barrels. The company also discovered more oil northeast of the Liza field, at the Uaru exploration well. This has been Exxon’s 16th discovery on the Stabroek Block. Exxon Mobil shares closed lower […]
Read more