Market News
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…
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…
Commerce Bancshares beats earnings consensus by a cent in Q4
Commerce Bancshares, Inc. (NASDAQ: CBSH) reported fourth-quarter results that surpassed street estimates, thanks to a favorable credit environment. Net income…
Alcoa Q4 earnings beat estimates amidst tough macro factors
Alcoa’s (NYSE: AA) fourth quarter earnings beat analyst consensus despite tough macro trends due to ongoing trade wars and lower…
Red Hat shareholders give green signal for acquisition by IBM
The closely-followed acquisition of software company Red Hat (RHT) by tech giant IBM (IBM) moved closer to completion after the…
Snap’s stock plunges 11% after news of CFO’s exit
Snap Inc. (SNAP) saw its shares topple 11.7% in morning trade on Wednesday after the company disclosed that its CFO…
Fiserv’s $22-bln buyout of First Data will redefine fintech, payment processing
After a year of hectic M&A activity, more US companies are taking the consolidation route to streamline operations and enhance…
Nissan might sue ousted chairman Carlos Ghosn
Renault SA chief and former Nissan Motor Co chairman Carlos Ghosn might be facing a civil suit from the carmaker…
Goldman Sachs jump 3% after beating street projections in Q4
Banking giant Goldman Sachs (GS) on Wednesday smashed past analysts’ estimates for the fourth quarter. The company reported quarterly earnings…