April 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 […]
Read moreApril 11, 2019 7:56 am
Boeing Co (BA) said earlier this week that it had zero new orders for its 737 MAX line-up after a global grounding in March, while its total jet orders and deliveries dropped during the first quarter. Boeing shares closed lower for a fourth consecutive trading session in New York on Wednesday. It has also been […]
Read moreApril 10, 2019 9:27 am
According to a statement by Bank of America Corporation (BAC) on Tuesday, its minimum hourly wage is to be raised to $20 by the year 2021. From May 1st, the minimum pay will be raised to $17 per hour from $15 currently, the bank said. Bank of America shares closed lower for the third time […]
Read moreApril 10, 2019 7:05 am
Shares of United States Steel Corporation (X) registered their largest single-session loss in 36 weeks on Tuesday, after Credit Suisse revised down its rating on the stock from “Neutral” to “Underperform” and also slashed its 12-month price target from $21 to $13. The firm underscored that the US steel giant was “in a weaker competitive […]
Read moreApril 9, 2019 9:30 am
According to a Monday report by Reuters, the European Data Protection Supervisor has launched a probe into whether products provided by Microsoft Corp to institutions within the EU are compliant with its new data protection regulations. Microsoft shares closed higher for a second consecutive trading session on NASDAQ on Monday. The stock inched up 0.03% […]
Read moreApril 9, 2019 6:32 am
Shares of General Electric Company (GE) registered their largest single-session loss in one month on Monday, after J.P. Morgan analyst Stephen Tusa revised down his rating on the industrial conglomerates stock from “Neutral” to “Underweight” and also slashed his 12-month price target from $6 to $5. General Electric shares closed lower for a fourth consecutive […]
Read moreApril 8, 2019 9:39 am
According to a statement by Boeing Co’s Chief Executive Officer Dennis Muilenburg on Friday, the US company intends to cut the production rate of its 737 line-up to 42 jets per month from 52 jets currently, as it seeks to manage the 737 MAX grounding after two deadly incidents in the past five months. Boeing […]
Read moreApril 8, 2019 7:20 am
Last week Alphabet Inc’s Google announced that it would dismiss the Advanced Technology External Advisory Council, which it had formed on March 26th to deal with ethical issues surrounding artificial intelligence and other emerging technologies. Alphabet shares closed lower for the first time in the past six trading sessions on NASDAQ on Friday. It has […]
Read moreApril 5, 2019 9:27 am
In an annual letter to shareholders, J.P. Morgan Chase & Cos Chief Executive Officer Jamie Dimon said that US economic growth was being hampered by bad mortgage rules and also spoke in favor of swift reforms. J.P. Morgan Chase shares closed higher for a sixth consecutive trading session in New York on Thursday. The stock […]
Read moreApril 5, 2019 7:10 am
Guggenheim on Thursday upgraded Facebook Inc (FB) from “Neutral” to “Buy”, while stating that shareholders of the company are getting more used to data leaks or privacy concerns. The firm also revised up its price target on the stock from $175 to $200. Facebook shares closed higher for the sixth time in the past ten […]
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