Market News
Earnings Preview: What to expect from Schlumberger’s Q3 results
Brent crude prices are hovering around $80 per barrel. In early October, it eclipsed $86 mark, recording a four-year high…
Alcoa rises on upbeat Q3 results, tightens 2018 EBITDA outlook
Aluminum giant Alcoa Corp. (AA) surpassed analysts views for third quarter revenue and earnings figures, sending the stock in the…
Crown Castle Q3 profit jumps 43%, beats estimates
Wireless communications towers operator Crown Castle International Corp. (CCI) reported a 43% jump in earnings during the third quarter as…
United Rentals stock gets battered despite Q3 earnings beat
The biggest equipment rental company, United Rentals (URI), on Wednesday beat estimates for earnings and revenue estimates for the third…
Marijuana stocks slip after legalization in Canada
After Uruguay signed a legislation to approve the sale of recreational cannabis in December 2013, Canada became the second country…
Elon Musk to buy more shares as his grip on Tesla continues to loosen
It must have been a very unpleasant experience for Elon Musk to step down as chairman of Tesla (TSLA) after he…
Top Facebook investors ask for Mark Zuckerberg’s removal as chairman
Facebook’s (FB) major investors are asking for the removal of CEO Mark Zuckerberg as chairman of the board. The group…
Audi agrees to pay $926 million fine in dieselgate scandal
Three years after the emission cheating scandal rocked the auto industry, Volkswagen subsidiary Audi has now agreed to settle a…
Fresh hope for GE Power after Trump lobbies for major deal with Iraq
Despite the deteriorating financial health and operational challenges, General Electrical (GE) has remained buoyant about its turnaround strategy and issued…
Northern Trust stock falls on weak Q3 results
Northern Trust Corporation (NTRS) reported a 26% jump in earnings for the third quarter helped by higher net interest income,…