Market News
Mammoth T-Mobile deal to buy Sprint may close by the first quarter of 2019
The $26-billion deal of T-Mobile US Inc’s (TMUS) majority owner taking over Sprint Corp (S) in a move to unite…
Tesla cuts prices of home solar systems to boost sales
Tesla Inc (TSLA) slashed the prices of its residential solar offerings by about 25% according to an announcement on Thursday…
Sonos stock soars on upbeat Q4 results, guidance
Sonos Inc. (SONO) reported a narrower loss in the fourth quarter helped by the sales of smart speaker Beam and…
Goldman Sachs defends 1MDB fraud charges, passes buck to ‘rogue’ staff
Giving a new twist to the controversy surrounding its involvement in the infamous 1Malaysia Development Berhad scandal, Goldman Sachs (GS)…
A look at Ford versus GM in the world of autonomous vehicles
Autonomous vehicles are the rage and almost all the major car companies are investing in it. This group includes Ford…
FDA adds restrictions on sale of e-cigarettes
The US Food and Drug Administration (FDA) is bringing new restrictions to the sale of e-cigarettes to put an end…
Arena Pharmaceuticals soars on the $1.2 billion deal with United Therapeutics
Arena Pharmaceuticals (ARNA) inked a deal with United Therapeutics (UTHR) to sell and develop its Phase 3 investigational drug candidate…
Haunted by wildfire lawsuits, PG&E faces fresh trouble after California fire
Rarely do businesses get so severely rattled by accidents as Pacific Gas and Electric Company (PCG) did after the California…
‘Model 3 killers’ coming from all sides, yet the Tesla EV may emerge unscathed
Tesla (TSLA) had reported stellar earnings in the third quarter, with average Model 3 production roughly 4,300 units per week.…
Uber’s loss continues in Q3, revenue and bookings increase
Uber, which is set to become a public company in 2019, reported its results for the third quarter of 2018.…