April 19, 2019 7:24 am
According to a statement by Amazon.com Inc (AMZN) on Thursday, the e-commerce giant intends to discontinue operating a marketplace as well as providing seller services on its Chinese website Amazon.cn from July 18th. Amazon shares closed lower for the fourth time in the past ten trading sessions on NASDAQ on Thursday. The stock edged down […]
Read moreApril 18, 2019 9:48 am
International Business Machines (IBM) overall revenue registered a sharper drop than anticipated during the first quarter, pressured by dwindling demand for the companys mainframe computers and an appreciation in the US Dollar. IBM shares closed lower for the fifth time in the past fifteen trading sessions in New York on Wednesday. It has also been […]
Read moreApril 18, 2019 7:05 am
KeyBanc earlier this week revised up its price target on Microsoft Corp (MSFT) to $141 from $125, as it cited improving confidence in the tech giants cloud and digital strategy. The firm also maintained an “Overweight” rating on the stock. Microsoft shares closed higher for the seventh time in the past ten trading sessions on […]
Read moreApril 17, 2019 7:48 am
Bank of America Corp’s (BAC) first-quarter profit, reported on Tuesday, topped Wall Street estimates, as loan growth and lower expenses mitigated a slump in trading revenue. Bank of America shares closed higher for the ninth time in the past fourteen trading sessions in New York on Tuesday. The stock edged up 0.13% ($0.04) to $29.88, […]
Read moreApril 16, 2019 9:37 am
According to a statement by the Australian Securities and Investments Commission (ASIC) on Monday, over AUD $3 million will be refunded to retail clients by Citigroup Inc (C), as they incurred losses from complex investments offered by the Wall Street bank with no adequate financial advice. Citigroup shares closed lower for the third time in […]
Read moreApril 16, 2019 6:59 am
Goldman Sachs Group Inc (GS) reported a drop in revenue in almost all of its key businesses during the first quarter on Monday. On the other hand, the banks quarterly earnings topped Wall Street estimates, supported by lower operating expenses and a surge in financial advisory revenue. Goldman Sachs shares closed lower for the third […]
Read moreApril 15, 2019 9:28 am
J.P. Morgan Chase & Co’s first-quarter earnings, reported on Friday, exceeded Wall Street estimates, as, according to CEO Jamie Dimon, strong performance across the bank’s businesses has been buoyed by solid growth in the US economy, moderate inflation and strong business and consumer confidence. J.P. Morgan Chase shares closed higher for a third consecutive trading […]
Read moreApril 15, 2019 6:51 am
Walt Disney Cos shares registered their largest single-session gain and touched a record high on Friday after analysts appreciated the company’s move to price its new video streaming service below Netflix Inc’s standard offering. Disney+, Walt Disney’s streaming service, has been priced at $6.99 per month. In comparison, Netflix’s standard plan is priced at $8.99 […]
Read moreApril 12, 2019 9:32 am
According to a statement by Apple Inc (AAPL) on Thursday, the number of suppliers, that use only clean energy for their production, has been almost doubled. Apple said that 44 companies were now in its clean energy program, including Taiwan Semiconductor Manufacturing Co Ltd, the supplier of the A-series chips for Apples mobile devices, and […]
Read moreApril 12, 2019 7:26 am
Shares of United States Steel Corporation (X) plunged to lows not seen since October 2016 during Thursdays session, after Bank of America Merrill Lynch double downgraded the stock from “Buy” to “Underperform”, while analyst Timna Tanners noted that the company had become the latest “Steelmageddon victim”. Bank of America Merrill Lynch also cut its 12-month […]
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