Market News
European banks clear stress test, but Barclays shocks
On Friday, the European Banking Authority (EBA) published the results of the 2018 stress tests, which showed that all the…
Eight importers get respite from the US to resume Iran oil trade
The United States of America on Friday announced that it would temporarily allow eight importers to resume buying Iranian oil…
Key management comments from Apple Q4 2018 earnings conference call
Apple (AAPL) shares plunged 7% on Thursday during after-market trading after the company reported fourth quarter results. Even though it…
Robust HDD sales lift Seagate Q1 results; unveils $2.3B share buyback
A further strong growth in hard-disk shipments pushed up Seagate’s (STX) first-quarter revenues and earnings, which also topped analysts’ forecast.…
Apple Q4 results beat estimates; stock falls on weak iPhone sales, guidance
Announcing the first quarterly results after achieving the $1-trillion valuation milestone, Apple (AAPL) reported record earnings for the fourth quarter…
Brexit could spur interest rate hikes after holding rates at 0.75%
The UK headline interest rate is maintained as expected at 0.75% by the Bank of England. The bank projected interest…
Starbucks keen on getting its brew right during holidays
After enticing customers with its Halloween-themed frappuccino, Starbucks (SBUX) is all set to make the holiday season special for coffee…
Higher costs drag Marathon Petroleum Q3 earnings; stock dips
Marathon Petroleum Corp. (MPC) reported a decline in third-quarter earnings hurt by higher operating costs, despite strong revenue growth. Following…
Allstate stock drops as Q3 profit misses estimates
The Allstate Corp. (ALL) reported a 31% jump in earnings for the third quarter helped by higher premiums earned, lower…
Express Scripts Q3 profit jumps 27%, meets estimates
Express Scripts Holding Co. (ESRX) reported a 27% jump in earnings for the third quarter helped by strong client retention…