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Market News

High fuel price lifts consumer price index in March; core inflation softens

Core consumer prices rose at a slow pace in the US last month amid softening economic activity both at home…

Earnings: Delta Air Lines (DAL) stock gains after Q1 results beat estimates

Aviation company Delta Air Lines (NYSE: DAL) reported a sharp increase in adjusted earnings for the first quarter, helped by…

Earnings Preview: Fastenal to gain from robust market conditions in Q1

Industrial supplies giant Fastenal (FAST) is expected to post its first-quarter 2019 earnings before the market opens on Thursday, April…

Facebook, Google under fire to bump up social media cleaning

Internet giants Facebook (FB) and Google (GOOG) appeared before the US House Judiciary Committee on Tuesday defending efforts to remove…

Q1 Earnings Preview: Watch out for strategic updates from Wells Fargo’s new CEO

Wells Fargo (WFC) today announced that it’s selling its retirement division to Principal Financial Group (PFG) for $1.2 billion. The…

Under Armour (UAA) stock drops after survey warns of weakening shoe sales

The continuing slowdown in sales in the local market seems to be taking a toll on Under Armour (NYSE: UAA),…

Levi Strauss swings to profit in Q1

Denim firm Levi Strauss (NYSE: LEVI) swung to profit in the first quarter of fiscal 2019 from a loss last…

Disney (DIS) stock gains after analyst turns bullish on streaming service, Star Wars

Thriving on the positive sentiment that followed the acquisition of Fox’s (Nasdaq: FOXA) assets recently, Walt Disney Company (NYSE: DIS)…

Marijuana vs US: Will Aurora Cannabis survive in the banned market?

In the US, marijuana has been slowly turning to be legal in certain states but it still remained banned at…

Novartis (NVS) stock falls after Alcon spin-off; predicts stable growth ahead

Nearly a year after laying out its transformation strategy, with focus on demerging underperforming business units, Novartis (NYSE: NVS) Tuesday…