September 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 […]
Read moreSeptember 24, 2018 10:06 am
The largest alternative investment manager worldwide, Blackstone Group LP (BX), said last week that its assets under management could reach $1 trillion by the year 2026. At present, the company oversees $439 billion in assets. Blackstone shares closed higher for a second consecutive trading session in New York on Friday. It has also been the […]
Read moreSeptember 24, 2018 7:30 am
Wells Fargo & Company (WFC) revealed last week plans to reduce its workforce by 5% to 10% in the upcoming three years in relation with a turnaround effort. According to Wells Fargo, the latest job cuts were to reflect displacements and normal team-member attrition. Wells Fargo shares closed lower for the sixth time in the […]
Read moreSeptember 21, 2018 8:40 am
Shares of General Electric Company (GE) retreated the most in two months on Thursday, after the head of the companys power unit disclosed an issue with its latest line of natural gas-fired power turbines. Meanwhile, J.P. Morgan slashed its price target on the stock. General Electric shares closed lower for the fourth time in the […]
Read moreSeptember 21, 2018 7:01 am
According to a ruling by EU antitrust regulators earlier this week, McDonald’s tax deal with Luxembourg did not violate state aid rules in the European Union. McDonald’s shares closed higher for a second consecutive trading session in New York on Thursday. It has also been the sharpest daily surge since August 16th. The stock went […]
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