November 30, 2018 10:40 am
Fiat Chrysler said on Thursday that it intended to spend over EUR 5 billion on new vehicle models and engines in Italy between 2019 and 2021, as the company seeks to fill under-utilized factories, to preserve jobs as well as to increase operating margins in European markets. A large part of that amount will be […]
Read moreNovember 30, 2018 8:00 am
Canaccord Genuity was reported to have revised down its price target on Apple Inc (AAPL) to $225 from $250 previously, after the firms surveys signaled “soft smartphone demand with disappointing initial XR sales.” On the other hand, Canaccord maintained a “Buy” rating on the stock. Apple shares closed lower for the sixth time in the […]
Read moreNovember 29, 2018 9:39 am
Starbucks Corporation (SBUX) said on Wednesday that it had inked a long-term deal with energy provider Constellation, allowing it to power over 340 of its stores in Illinois with 100% renewable energy produced by Enel Green Power North America Incs HillTopper wind project in Logan County. Starbucks shares closed higher for a second consecutive trading […]
Read moreNovember 29, 2018 7:13 am
According to data by Chinese Passenger Car Association, Tesla Inc’s vehicle sales in the Asian country registered a 70% annual drop in October. A representative from the industry body said for Reuters that the electric car maker had sold merely 211 vehicles in China last month. Tesla shares closed higher for the sixth time in […]
Read moreNovember 28, 2018 7:36 am
Amazon.com Inc said on Tuesday that Cyber Monday once again proved to be the single busiest shopping day in the company’s history, as customers globally ordered more items than any other day. The five renowned shopping days that begin with Thanksgiving and continue through Cyber Monday, also known as the Turkey 5, brought new records, […]
Read moreNovember 27, 2018 10:13 am
According to a report by TV channel CTV News over the weekend, citing sources with knowledge of the matter, General Motors Company (GM) intends to discontinue all operations at a facility near Toronto, Canada. The factory shutdown is part of a planned international restructuring, the same media said. General Motors shares closed higher for a […]
Read moreNovember 27, 2018 8:17 am
Credit Suisse initiated coverage on NVIDIA Corporation (NVDA) with an “Outperform” rating and also assigned a price target of $225 on the stock. NVIDIA shares closed higher for a second consecutive trading session on NASDAQ on Monday. It has also been the sharpest daily surge since October 30th. The stock went up 5.55% ($8.05) to […]
Read moreNovember 26, 2018 10:32 am
Employees at Amazons logistic centers in Germany and Spain reportedly went out on strike on Black Friday, the discount spending spree that marks the beginning of the holiday shopping season. Amazon shares closed lower for the ninth time in the past eleven trading sessions on NASDAQ on Friday. The stock went down 0.97% ($14.67) to […]
Read moreNovember 26, 2018 7:34 am
IBM projects that US retail industry may register a 4.83% growth during this years holiday shopping season. That compares with a 4.2% holiday sales growth in 2017. IBM shares closed lower for the sixth time in the past ten trading sessions in New York on Friday. The stock went down 1.16% ($1.38) to $117.19, after […]
Read moreNovember 23, 2018 9:08 am
According to a report by Bloomberg earlier this week, citing an internal memo, Apples largest iPhone assembler, Foxconn, intends to reduce its 2019 expenditures by CNY 20 billion (or $2.885 billion), since it faces “a very difficult and competitive year”. Apple shares closed lower for a third consecutive trading session on NASDAQ on Wednesday. The […]
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