August 21, 2019 6:33 am
Home Depot’s second-quarter revenue, reported on Tuesday, fell short of Wall Street estimates, while the company revised down its full-year sales forecast due to concerns that US-China trade frictions could hamper consumer spending. However, quarterly earnings exceeded market expectations. Home Depot shares closed higher for a fourth consecutive trading session in New York on Tuesday. […]
Read moreAugust 20, 2019 9:14 am
Microsoft Corp (MSFT) intends to utilize Nvidia Corp’s real-time ray tracing technology in order to ensure more realistic graphics on its Minecraft video game on PCs, the software company said on Monday. Microsoft shares closed higher for a second consecutive trading session on NASDAQ on Monday. The stock went up 1.67% ($2.28) to $138.41, after […]
Read moreAugust 20, 2019 6:41 am
J.P. Morgan Chase & Co (JPM) is expected to host a customer conference call today with a focus on recent volatility in global markets. On August 14th yields on 2-year and 10-year US Treasuries inverted for the first time since June 2007, an occurrence which is considered as a sign that an economic recession could […]
Read moreAugust 19, 2019 8:05 am
According to a report by Reuters, Nextmove, a German car rental firm, has rejected an order for 85 Tesla Model 3 cars at a total value of EUR 5 million after a dispute related to quality issues. Tesla shares closed higher for the fifth time in the past ten trading sessions on NASDAQ on Friday. […]
Read moreAugust 16, 2019 8:40 am
The warranties on clutch and related hardware in about 560 000 Fiesta and Focus vehicles in Canada and the United States are to be extended, Ford Motor Company (F) said, after customers reported issues with the cars transmission. Ford shares closed lower for a fifth consecutive trading session in New York on Thursday. The stock […]
Read moreAugust 15, 2019 9:38 am
A selection of Apple Inc’s MacBook Pro laptop models have been banned on flights by the US Federal Aviation Administration (FAA), after the tech giant recalled certain devices due to risk of battery fire. Apple shares closed lower for the sixth time in the past eleven trading sessions on NASDAQ on Wednesday. It has also […]
Read moreAugust 15, 2019 7:05 am
Macy’s Incs second-quarter earnings, reported on Wednesday, fell short of Wall Street estimates for the first time in two years, which sent its shares to lows not seen since early February 2010. The company also revised down its full-year forecast for adjusted profit, after it had introduced heavy discounts to clear spring inventory. Macy’s shares […]
Read moreAugust 14, 2019 9:28 am
Rite Aid Corp (RAD) said earlier this week that Heyward Donigan had been appointed as its new Chief Executive Officer, effective immediately. Donigan is to succeed John Standley, who has been in the CEO role since 2010. Rite Aid shares closed lower for a third consecutive trading session in New York on Tuesday. It has […]
Read moreAugust 14, 2019 7:34 am
According to a report by Reuters, citing industry sources familiar with the matter, Exxon Mobil Corporation (XOM) has already discussed with several North Sea operators a potential sale of some or all of its assets in the area, which could generate up to $2 billion. The report of a potential exit from the British North […]
Read moreAugust 13, 2019 9:35 am
Long Term Private Capital, BlackRock Inc’s new private equity fund, has invested $875 million in a stake in US-based Authentic Brands Group LLC, the asset manager said. This way LTPC has become the largest shareholder in Authentic Brands. BlackRock shares closed lower for a second consecutive trading session in New York on Monday. The stock […]
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