June 19, 2019 6:30 am
Shares of Snap Inc (SNAP) registered their largest single-session gain in two weeks on Tuesday, after BTIG revised up its 12-month price target on Snap Inc (SNAP) from $15 to $20. The firm also maintained a “Buy” rating on the stock. Snap shares closed higher for the fifth time in the past ten trading sessions […]
Read moreJune 18, 2019 9:25 am
General Electric Company (GE) announced on Monday that it intended to cut 450 job positions at two facilities in Switzerland in order to address “challenges on the global energy markets”. General Electric shares closed lower for a second consecutive trading session in New York on Monday. It has also been the steepest daily loss since […]
Read moreJune 18, 2019 7:24 am
According to a report by the Wall Street Journal during the weekend, citing sources with knowledge of the matter, Goldman Sachs Group Inc (GS) is seeking to merge its private-investing units into a new division, which is to have nearly $140 billion in assets. The Wall Street bank intends to merge four different units investing […]
Read moreJune 17, 2019 7:42 am
Tesla Inc is seeking to bolster its US vehicle sales even further, so that it could achieve record quarterly deliveries, Electrek reported last week. Tesla shares closed higher for a second consecutive trading session on NASDAQ on Friday. The stock went up 0.47% ($1.01) to $214.92, after touching an intraday high at $216.65, or a […]
Read moreJune 14, 2019 9:36 am
At the E3 gaming conference in Los Angeles, Netflix Inc (NFLX) announced that it would release a free-to-play mobile video game next year, which will be based on the companys original series “Stranger Things”. The game is being developed in cooperation with Helsinki-based Next Games Corp, Netflix said. Netflix shares closed lower for a fourth […]
Read moreJune 14, 2019 7:55 am
Yesterday Morgan Stanley raised its 12-month price target on Walt Disney Company (DIS) from $135 to $160, as it noted that the media company’s new streaming service, Disney+, could boost its adjusted earnings to over $11 per share by fiscal year 2024. Walt Disney shares closed higher for a second consecutive trading session in New […]
Read moreJune 13, 2019 9:20 am
As many as 500 new tech jobs are expected to be added by Facebook Inc (FB) in London by the end of this year, out of which 100 will be in artificial intelligence. Many of the roles will be focused on detection and removal of malicious content, fake accounts and harmful behavior, the social media […]
Read moreJune 13, 2019 7:00 am
Ford Motor Company (F) announced on Wednesday that a new research center had been opened in Tel Aviv to support the companys automotive and mobility businesses. The center is to identify technologies and start-up firms in areas such as automated-systems research, sensors, in-vehicle monitoring, connectivity and cyber security. Ford shares closed lower for the fourth […]
Read moreJune 12, 2019 9:18 am
Intel Corp said on Tuesday that it had agreed to acquire Barefoot Networks, an emerging leader in Ethernet switch silicon and software for use in data centers. However, the terms of the deal remained undisclosed. Barefoot Networks is expected to aid Intel’s data center group in meeting the fast-changing needs of its hyperscale cloud customers. […]
Read moreJune 12, 2019 7:08 am
MoffettNathanson on Tuesday raised its rating on Facebook Inc (FB) from “Neutral” to “Buy”, as it cited “improving underlying fundamentals” and new opportunities for growth that could mitigate regulatory risks. The firm has assigned a 12-month price target of $210 on the stock. Facebook shares closed higher for a sixth consecutive trading session on NASDAQ […]
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