March 13, 2019 8:27 am
Earlier this week Edward Jones revised down its rating on Boeing Co (BA) from “Buy” to “Hold”, as it noted that the second fatal crash of the companys 737 MAX 8 jet in the past five months might affect its short-term profit. Ethiopian Airlines Flight 302 crashed shortly after the jet took off in a […]
Read moreMarch 12, 2019 10:43 am
J.P. Morgan Chase & Co (JPM), the largest bank in the United States in terms of assets, announced on Monday the merger of its middle-market technology and emerging growth commercial banking teams, a move that is expected to better position the Wall Street bank to target fast-growing startup companies. J.P. Morgan Chase shares closed higher […]
Read moreMarch 12, 2019 8:13 am
Credit union service organization CULedger said on Monday that it would collaborate with IBM to deliver new blockchain-based services, aimed to aid credit unions in improving experience for members. IBM shares closed higher for the fifth time in the past fourteen trading sessions in New York on Monday. It has also been the sharpest daily […]
Read moreMarch 11, 2019 10:37 am
A new report from noted Apple analyst Ming-Chi Kuo showed that the tech giant had been developing an augmented reality headset and was poised to launch the product. The pair of glasses could enter mass production as early as the fourth quarter of 2019 and could hit stores during the first half of 2020, the […]
Read moreMarch 11, 2019 8:04 am
Cowen downgraded on Friday Exxon Mobil Corp (XOM) from “Outperform” to “Market Perform”, as it noted that the energy company had no plans to reduce its natural gas spending any time soon, which translates to lower cash flow and restrained upside for its stock over the upcoming one year. The firm also revised down its […]
Read moreMarch 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 […]
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