October 1, 2018 9:49 am
According to a statement by Chinas State Administration for Market Regulation over the weekend, over 3.3 million vehicles are to be recalled from October 20th by GM Shanghai, General Motors Companys (GM) joint venture in the Asian country. The reason behind the recall is a defect with the vehicles suspension system. General Motors shares closed […]
Read moreOctober 1, 2018 7:41 am
According to an announcement by Bank of America Corporation (BAC) on Friday, as part of a change in policy, it is to restrict trading operations in penny stocks as it aims to safeguard customers from high-risk assets. Bank of America shares closed lower for a sixth consecutive trading session in New York on Friday. The […]
Read moreSeptember 29, 2018 9:28 am
Shares of Tesla Inc (TSLA) registered their largest single-session loss in 58 months on Friday after Chief Executive Officer Elon Musk was accused of fraud by US regulators and the latter ever sought to remove the billionaire from his top post in the company. The accusations were related with a number of “false and misleading” […]
Read moreSeptember 28, 2018 9:30 am
J.P. Morgan began covering the shares of Apple Inc (AAPL) with an “Overweight” rating, as the firm forecast strong growth for the tech giants services business, which encompasses App Store, Apple Music and Apple Pay offerings. J.P. Morgan initiated Apple with a price target of $272. Apple shares closed higher for the sixth time in […]
Read moreSeptember 28, 2018 7:47 am
In a statement at the Bloomberg business forum conference in New York City on Wednesday, Ford Motor Company’s CEO James Hackett noted that metals tariffs were costing the US auto maker $1 billion. Ford shares closed lower for a fourth consecutive trading session in New York on Thursday. The stock went down 0.43% ($0.04) to […]
Read moreSeptember 27, 2018 8:01 am
Shares of International Business Machines (IBM) registered their largest single-session gain in a bit more than seven weeks on Wednesday, after UBS upgraded the tech company to “Buy” from “Neutral” previously, citing potential for higher-than-expected earnings in 2019. UBS also raised its price target on the stock to $180 from $160 previously. IBM shares closed […]
Read moreSeptember 26, 2018 10:08 am
Citigroup announced on Tuesday that it had launched Citi Virtual Accounts, a new global solution which will allow for the segregation of client balances under one physical account. Citigroup shares closed lower for a third consecutive trading session in New York on Tuesday. The stock went down 0.45% ($0.33) to $73.51, with the intraday high […]
Read moreSeptember 26, 2018 7:54 am
According to a Monday post on Twitter by Teslas Chief Executive Officer Elon Musk, the electric car maker has begun to build its own car carriers over the past weekend as a result of vehicle distribution problems. Tesla shares closed higher for a third consecutive trading session on NASDAQ on Tuesday. The stock went up […]
Read moreSeptember 25, 2018 10:03 am
J.P. Morgan Chase & Co (JPM) said on Monday that it would expand its branch network in Philadelphia and the Delaware Valley. The move represents part of the bank’s recently disclosed $20-billion, five-year investment in its business as well as in the regions economic growth. J.P. Morgan Chase shares closed lower for a second consecutive […]
Read moreSeptember 25, 2018 7:50 am
McDonald’s Corporation (MCD) said on Monday that after 40 years of service, its President, International Lead Markets & Chief Restaurant Officer, Doug Goare, will step down on December 31st 2018. McDonald’s shares closed lower for the fifth time in the past nine trading sessions in New York on Monday. It has also been the steepest […]
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