November 15, 2018 9:48 am
Yesterday Macy’s Inc revised up its full-year earnings forecast, which was considered as an indication of a strong upcoming holiday shopping season. At the same time, the chains third-quarter earnings came in well above Wall Street estimates, supported by double-digit growth at its on-line shopping service. Macy’s shares closed lower for a fourth consecutive trading […]
Read moreNovember 14, 2018 11:03 am
Boeing Co (BA) said on Tuesday that it had delivered 43 of its 737 single-aisle jets in October, after delivering 37 such aircraft during the same month of 2017, supported by rising demand for planes as well as air travel. Boeing delivered a total of 625 jets during the first ten months of 2018, compared […]
Read moreNovember 14, 2018 8:35 am
General Electric Company (GE) announced on Tuesday that it would sell a part of its stake in Baker Hughes, as the US industrial conglomerate seeks to raise cash and repay debt. General Electric shares closed higher for the second time in the past fifteen trading sessions in New York on Tuesday. It has also been […]
Read moreNovember 13, 2018 10:44 am
Last week Apple Inc (AAPL) announced that some issues had been discovered, which affect some of its iPhone X and 13-inch MacBook Pro devices. The issues would be resolved free of charge, Apple also said. Apple shares closed lower for a third consecutive trading session on NASDAQ on Monday. It has also been the steepest […]
Read moreNovember 13, 2018 8:57 am
Goldman Sachs was reported to have maintained a “Buy” rating on NVIDIA Corporation (NVDA) with a price target of $283 before the company reports quarterly results on November 15th. The median forecast by analysts points to earnings of $1.72 per share on revenue of $3.24 billion. NVIDIA shares closed lower for a third consecutive trading […]
Read moreNovember 12, 2018 10:59 am
According to an announcement by Amazon.com Inc (AMZN) on Friday, it would ship more products by Apple Inc internationally during the upcoming holiday shopping season. The e-commerce giant said it would sell the newest versions of Apple’s iPhone, iPad as well as other devices in Europe, India, Japan and the United States. Amazon shares closed […]
Read moreNovember 12, 2018 7:55 am
Shares of General Electric Company (GE) retreated to lows unseen since March 2009 on Friday, after J.P. Morgan analyst Stephen Tusa revised down his price target from $10 to $6, while maintaining an ”Underweight” rating on the stock. General Electric shares closed lower for a third consecutive trading session in New York on Friday. It […]
Read moreNovember 9, 2018 9:28 am
Starbucks Corp announced earlier this week a tie-up with UberEats in order to deliver coffee and food in Tokyo, starting today. The move comes at a time, when the coffee chain seeks to bolster sales in Japan and as it faces fierce competition in other key markets such as China and the United States. Starbucks […]
Read moreNovember 8, 2018 11:14 am
The US National Highway Traffic Safety Administration (NHTSA) announced earlier this week that it was probing if additional 1.7 million sport-utility vehicles from the 2010-2016 model years, produced by GM, should be recalled because of windshield wiper failures. General Motors shares closed higher for a third consecutive trading session in New York on Wednesday. It […]
Read moreNovember 8, 2018 8:42 am
Twenty-First Century Foxs quarterly revenue, reported on Wednesday, came in below Wall Street estimates, as no major movie hit was released at the end of the US summer. Fox shares closed higher for a third consecutive trading session on NASDAQ on Wednesday. The stock went up 0.83% ($0.39) to $47.55, after touching an intraday high […]
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