Competition and trade war may shatter Starbucks’ China dream
Starbucks’ (SBUX) reputation as the undisputed leader in the caffeinated beverage market was challenged in recent years due to the…
General Motors shares tumble on Q4 sales decline
Shares of General Motors (GM) fell over 2% on Thursday after the automaker said its sales fell 2.7% in the…
MGM Resorts announce restructuring plan to cut costs
MGM Resorts International (NYSE: MGM) on Thursday announced its plan to reduce costs, with it becoming imperative for the S&P500…
2019 might be good for derivatives after a record-breaking 2018 for CME Group
Derivatives marketplace CME Group (CME) on Thursday posted an 18% hike in 2018 average daily volume as it hit a…
UniFirst Q1 profit jumps 12%, beats estimates
UniFirst Corporation (UNF) reported a 12% jump in earnings for the first quarter of fiscal 2019 helped by higher revenues…
Bristol-Myers Squibb swallows Celgene for $74-bln; Celgene stock surges
Bristol-Myers Squibb (NYSE: BMY) acquired its peer Celgene (NASDAQ: CELG) in a $74-billion cash-and-stock deal. Under the agreement terms, Celgene…
Simply Good Foods Q1 earnings jump on strong sales growth
The Simply Good Foods Company (SMPL) Thursday reported an increase in net profit for the first quarter of 2019 when…
2018 sees a new global leader in electric vehicle consumption
Despite their constant push, neither the US nor China could outbid the western European countries as a leader in the…
More Whole Foods stores in cards as Amazon continues expansion spree
After redefining the retail marketplace through digital onslaught, Amazon (AMZN) is currently shifting focus to its physical retail strategy. The…
Apple cuts down Q1 revenue outlook, stock plummets
Apple (AAPL) started 2019 with an announcement that disappointed its investors. The tech giant's CEO Tim Cook said in a…