Month: January 2019
Facebook acts tough as Russia-linked groups pose perennial challenge
After a tumultuous year marked by a series of scandals and allegations, Facebook (FB) is leaving no stone unturned to…
American Express posts upbeat Q4 earnings
Credit card operator American Express (AXP) swung to a profit in the fourth quarter from a loss last year as…
Netflix shares drop after Q4 revenue miss estimates
In the fourth quarter, Netflix (NFLX) added 8.8 million paid subscribers around the world, surpassing its own projection of 7.6…
Google will buy smartwatch technology from Fossil for $40 million
Alphabet Inc.’s (GOOGL) subsidiary Google is buying smartwatch technology worth $40 million from Fossil Group (FOSL). The sale involves technology…
Tailored Brands stock drops to 17-month low
Tailored Brands (TLRD) stock fell to a 17-month low of $11.37 on Thursday as the specialty apparel retailer lowered its…
Why Ligand Pharma, Viking Therapeutics tumbled yesterday, but is gaining today
Shares of Ligand Pharmaceuticals (LGND) took a beating on Wednesday after a bearish report by Citron Research led by short-seller…
Chip stocks slip after Apple supplier predicts weaker smartphone demand
Adding to the concerns that the smartphone boom is finally leveling off, component suppliers are witnessing a marked decline in…
China growth to slow down in 2019 on slumping domestic demand, tariff concerns
A Reuters poll suggests that China’s economy might slow to 6.3% in 2019 due to weakening domestic demand. The US…