January 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 […]
Read moreJanuary 10, 2020 7:40 am
Apple Inc’s (AAPL) iPhone sales in China rose over 18% year-on-year in December to nearly 3.2 million devices, according to data from the China Academy of Information and Communications Technology. Apple shares closed higher for a second consecutive trading session on NASDAQ on Thursday. It has also been the sharpest daily surge since January 2nd. […]
Read moreJanuary 9, 2020 10:00 am
Apple Inc (AAPL) said earlier this week that its Apple News service now had 100 million monthly active users based in the United States, the United Kingdom, Canada and Australia. The number compares with 85 million users in the preceding year. Apple shares closed higher for the seventh time in the past ten trading sessions […]
Read moreJanuary 9, 2020 7:47 am
United Airlines Holdings Inc (UAL) said earlier this week that it could incur a non-cash impairment charge of $90 million during the fourth quarter associated with its routes to Hong Kong, as a result of local anti-government protests. United Air shares closed higher for the fourth time in the past ten trading sessions on NASDAQ […]
Read moreJanuary 8, 2020 10:31 am
Goldman Sachs Group Inc (GS) disclosed a new reporting structure, starting with the fourth quarter of 2019, under which details on its consumer business will be reported for the first time. Goldman Sachs shares closed higher for a second consecutive trading session in New York on Tuesday. The stock went up 0.66% ($1.54) to $235.49, […]
Read moreJanuary 8, 2020 7:53 am
Facebook Inc (FB) revealed intentions to remove deepfake and other manipulated videos from its platform, as it seeks to diminish misinformation ahead of the 2020 US presidential election. Yet, the company said such a policy “does not extend to content that is parody or satire, or video that has been edited solely to omit or […]
Read moreJanuary 7, 2020 10:09 am
Walt Disney’s “Frozen II” on Sunday became the top animated movie at the global box office of all time, as it has earned $1.32 billion since its launch in November. Walt Disney shares closed lower for a second consecutive trading session in New York on Monday. The stock went down 0.58% ($0.85) to $145.65, after […]
Read moreJanuary 7, 2020 7:43 am
According to a report by German newspaper Welt am Sonntag over the weekend, Amazon.com Inc (AMZN) intends to open stores in Germany, its second largest market after the United States. However, no specific details or a timetable were provided. Amazon shares closed higher for the sixth time in the past ten trading sessions on NASDAQ […]
Read moreJanuary 6, 2020 8:33 am
General Motors Co’s (GM) fourth-quarter deliveries to clients were reported to have dropped 6.3% year-on-year to 735 909 vehicles. In the United States, the company delivered a total of 2 887 046 vehicles for the entire 2019. General Motors shares closed lower for the seventh time in the past ten trading sessions in New York […]
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