March 27, 2019 8:11 am
Yesterday Japans Securities and Exchange Surveillance Commission (SESC) announced that a fine of $1.2 million had been recommended against the British unit of Citigroup Inc (C) for manipulating prices of 10-year Japanese government bond futures. Citigroup shares closed higher for the eighth time in the past thirteen trading sessions in New York on Tuesday. It […]
Read moreMarch 26, 2019 10:07 am
In a Monday note to clients, RBC Capital Markets stated that Tesla Incs first-quarter results, expected to be reported next month, would probably be affected by lackluster demand and overseas Model 3 delivery issues. The brokerage firm has assigned an ”Underperform” rating on Tesla Inc (TSLA) and has revised down its 12-month price target on […]
Read moreMarch 26, 2019 8:49 am
Yesterday the EU antitrust regulator imposed a fine of 12.5 million euros on Nike Inc (NKE), as it found that the company had prevented many of its licensees from selling soccer merchandise of some of the most renowned European clubs in a different country. Nike shares closed higher for the fifth time in the past […]
Read moreMarch 25, 2019 8:38 am
In a Friday note to clients, Cowen analyst Jeffrey Osborne said that he expected soft US demand for Tesla Inc’s Model 3 sedan until the electric car maker releases the lower-priced $35 000 model during the upcoming quarter. The firm has assigned an ”Underperform” rating on Tesla Inc (TSLA) and has slashed its price target […]
Read moreMarch 25, 2019 8:23 am
Last week it was confirmed by General Motors that the auto maker would invest as much as $300 million in its assembly plant in Orion Township, Michigan to manufacture a new Chevrolet electric vehicle. This will result in the creation of 400 new jobs, the company said. General Motors shares closed lower for the fourth […]
Read moreMarch 22, 2019 10:58 am
Yesterday Citi revised up its price target on Apple Inc (AAPL) from $170 to $220, while also maintaining a “Buy” rating on the stock. Apple shares closed higher for a second consecutive trading session on NASDAQ on Thursday. It has also been the sharpest daily surge since January 30th. The stock went up 3.68% ($6.93) […]
Read moreMarch 22, 2019 8:57 am
According to a memo by Southwest Airlines Pilots’ Association (SWAPA) earlier this week, pilots will require additional computer-based training following the planned software update on Boeings 737 MAX jets. Shares of Southwest Airlines closed higher for the fourth time in the past fifteen trading sessions in New York on Thursday. It has also been the […]
Read moreMarch 21, 2019 9:13 am
Shares of FedEx Corp (FDX) registered their largest single-session loss in 11 weeks on Wednesday, after the delivery company once again slashed its earnings forecast for the entire 2019. FedEx Corp cited decelerating global trade growth as well as continued weakness in its international Express business, which encompasses former Dutch delivery firm TNT Express. FedEx […]
Read moreMarch 20, 2019 11:06 am
Yesterday General Motors Company (GM) revealed plans to invest as much as 10 billion reais ($2.653 billion*) in two of its facilities, located in the Brazilian state of Sao Paulo, over a period of five years. General Motors shares closed higher for the fourth time in the past ten trading sessions in New York on […]
Read moreMarch 20, 2019 8:28 am
Yesterday Argus Research downgraded Boeing Co (BA) from “Buy” to “Hold”, citing a poor response from the companys management following a second fatal 737 MAX 8 crash. Boeing shares closed higher for the third time in the past twelve trading sessions in New York on Tuesday. The stock edged up 0.31% ($1.15) to $373.43, after […]
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