Market News
Fiat comes to Detroit just as GM plans to leave
Fiat Chrysler Automobiles NV (FCAU) is planning to reopen one of its factories in Detroit to build its Jeep Grand…
Lyft files for public listing ahead of Uber, likely to be valued around $30 bn
Ending months of speculations, ride-hailing service Lyft filed for public listing on Thursday. The San Francisco-based company, which competes with…
A quick look at analyst recommendations on Tesla (TSLA) stock
Though analysts, in general, remain skeptic about the health of Tesla Motors (TSLA), the recent operational improvements in production and…
Moderna raises over $600-million through IPO, falls below IPO price
Biotech company Moderna raised above $600 million on Thursday by selling about 26 million of its common stock at $23…
Blue Bird Q4 earnings miss amid high input costs; revenues beat
Blue Bird Corporation (BLBD), which designs and manufactures school buses, reported an increase in earnings for the fourth quarter when…
Deal Alert: Altria Group buys mammoth stake in Canadian cannabis giant Cronos Group
Phillip Morris-parent Altria Group, Inc. (MO) today announced a deal to invest CAD 2.4 billion (about $1.8 billion) in Toronto-based…
Magellan Health (Nasdaq: MGLN) announces fiscal 2019 earnings outlook
Fortune-500 company Magellan Health, Inc. (NASDAQ: MGLN) today announced its fiscal 2019 outlook. The healthcare giant now sees net revenue…
Vail Resorts posts wider loss in Q1
Vail Resorts Inc. (MTN) reported a wider loss in the first quarter due to the effect of acquisition and integration…
Big Lots’ shares tank 13% over bigger-than-expected Q3 loss and guidance cut
Big Lots Inc.’s (BIG) shares crashed over 13% during premarket hours on Friday after the company reported a wider-than-expected loss…
California professor uses AI to detect fake news
A professor at the University of California has developed an algorithm to detect fake news with 75% accuracy. In our…