March 8, 2019 10:50 am
According to a report by Reuters on Thursday, citing sources with knowledge of the matter, Goldman Sachs Group Inc (GS) has eliminated 10 roles, further shrinking its global commodities trading division, as expenses rose and earnings dropped. The sources said that the job reductions were announced earlier this week after the Wall Street bank had […]
Read moreMarch 8, 2019 8:06 am
Kroger shares registered their largest single-session drop in one year on Thursday, after the company reported a drop in revenue and lower-than-anticipated adjusted profit during the fourth quarter. Kroger also forecast full-year earnings below Wall Street estimates. Shares of Kroger Company closed lower for a second consecutive trading session in New York on Thursday. It […]
Read moreMarch 7, 2019 10:55 am
Russia’s industry ministry said on Wednesday that Ford Motor Company (F) was expected to review its business operations in the country by the end of 2019. Ford shares closed lower for a second consecutive trading session in New York on Wednesday. It has also been the steepest daily loss since February 21st. The stock went […]
Read moreMarch 7, 2019 8:13 am
According to a statement by Exxon Mobil Corporation (XOM) on Wednesday, it intends to boost capital spending by 10% to 16% in 2020. The company now projects capital spending within the range of $63 billion to $65 billion in 2019 and 2020, as it expects to spend between $33 billion and $35 billion in 2020 […]
Read moreMarch 6, 2019 11:09 am
Yesterday Barclays revised down its price target on Tesla Inc (TSLA) from $210 to $192, citing the US electric car makers recent strategic decisions, which undermined the firms bullish case. The reasons behind Barclays downward revision include the sooner-than-anticipated launch of Tesla’s long-awaited $35 000 Model 3 sedan as well as the decision to shut […]
Read moreMarch 6, 2019 8:18 am
Shares of Kohl’s Corp registered their largest single-session gain in ten weeks on Tuesday after the retailer reported quarterly comparable sales and profit above Wall Street estimates. Kohl’s also forecast full-year profit above market consensus, since the company has been focused on increasing sales by stocking new items at its traditional stores, by introducing improvements […]
Read moreMarch 5, 2019 10:38 am
Comcast Corp (CMCSA) said on Monday that it had acquired BluVector, a firm using advanced artificial intelligence and machine learning to provide cybersecurity protection to corporate entities and government agencies. However, financial details of the agreement remained undisclosed. Comcast shares closed lower for the fourth time in the past twelve trading sessions on NASDAQ on […]
Read moreMarch 5, 2019 8:06 am
According to a report by the Wall Street Journal over the weekend, John Stankey, Chief Executive Officer of Warner Media, LLC at AT&T, intends to renovate cable news network CNN’s digital operation, since it “isnt reaching its potential and requires more investment in product development and data analytics.” AT&T shares closed lower for a second […]
Read moreMarch 4, 2019 9:02 am
Tesla Inc (TSLA) has finally launched the long-awaited standard version of its Model 3 sedan at a price of $35 000. The base version of the vehicle will have a range of 220 miles, will achieve a top speed of 130 Miles per Hour and will accelerate from 0 to 60 Miles per Hour in […]
Read moreMarch 1, 2019 11:06 am
According to a statement by Brazils antitrust regulator CADE earlier this week, Walt Disney Company (DIS) has agreed to accept a demand by the regulator that Brazilian transmission rights for the Fox Sports channel are sold so that Disney can win regulatory approval of its takeover of Twenty-First Century Fox Inc. Walt Disney shares closed […]
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