September 12, 2019 7:27 am
McDonald’s Corporation (MCD) said earlier this week that it intended to acquire tech firm Apprente, as the fast-food chain seeks to automate the drive-thru. Financial terms of the deal, however, remained undisclosed. McDonald’s shares closed higher for the sixth time in the past eleven trading sessions in New York on Wednesday. The stock edged up […]
Read moreSeptember 11, 2019 9:05 am
Micron Technology Inc (MU) KeyBanc Capital Markets on Tuesday raised its 12-month price target on Micron Technology Inc from $45 to $58, citing “early signs” of a memory chip recovery with “signs of tightening supply in some markets as demand elasticity for NAND kicks in.” The brokerage firm maintained an “Overweight” rating on the stock. […]
Read moreSeptember 11, 2019 7:02 am
Citigroup Inc (C) said earlier this week that it projected a net interest income growth of 3% to 4% for the full year. Previously, it had forecast a 4% growth. The Wall Street bank also expects a drop in trading and investment banking fees during the third quarter. Citigroup shares closed higher for a second […]
Read moreSeptember 10, 2019 9:33 am
Boing Co (BA) said during the past weekend that load testing of its new widebody 777X jet had been suspended due to a cargo door incident during a ground stress test. Boeing shares closed lower for the third time in the past thirteen trading sessions in New York on Monday. The stock went down 1.16% […]
Read moreSeptember 10, 2019 6:57 am
Amazon.com Inc (AMZN) said on Monday that it would hold hiring events across the United States next week, as it is seeking to fill over 30 000 vacant posts by early 2020. Amazon shares closed lower for a second consecutive trading session on NASDAQ on Monday. The stock edged down 0.12% ($2.16) to $1,831.35, after […]
Read moreSeptember 9, 2019 8:03 am
According to a report by Reuters, citing people with knowledge of the matter, Exxon Mobil Corp has agreed on a sale of its oil and gas assets in Norway for as much as $4 billion. A later report by Norway’s Dagens Naeringsliv stated that the buyer was Var Energi, while an official announcement of the […]
Read moreSeptember 6, 2019 8:25 am
Cloudera Inc (CLDR) J.P. Morgan on Thursday maintained a “Neutral” rating on Cloudera Inc and revised up its 12-month price target on the stock from $8 to $9. At the same time, Wedbush also reiterated its “Neutral” rating on the stock and lifted its price target from $7.00 to $8.50 per share. Shares of Cloudera […]
Read moreSeptember 5, 2019 9:45 am
Facebook Inc (FB) said earlier this week that its face recognition technology would be made available to all of its users with an option to opt out. In addition, the “Tag Suggestions” feature has been discontinued. Facebook shares closed higher for the sixth time in the past eleven trading sessions on NASDAQ on Wednesday. It […]
Read moreSeptember 5, 2019 6:48 am
Activision Blizzard (ATVI) BMO Capital Markets on Wednesday upgraded Activision Blizzard to “Outperform”, as it cited a “stronger conviction that the company’s restructuring efforts and investments in core games like Call of Duty and World of Warcraft will generate an improvement in financial performance.” The brokerage firm also revised up its 12-month price target on […]
Read moreSeptember 4, 2019 9:45 am
Walmart Inc’s Mexico division said on Monday that it was now offering delivery within three hours for a range of home appliances and technology products that can be shopped on-line. The move is meant to respond to competition from Amazon.com Inc when it comes to rapid shipping. Amazon currently offers same-day delivery for particular items […]
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