Market News
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,…
Winnebago stock jumps 8% after strong Q4 results
Recreational vehicles maker Winnebago (WGO) reported strong earnings and revenue growth for the fourth quarter, supported by higher demand for…
Lam Research stock rises on Q1 earnings beat
Lam Research’s (LRCX) stock increased about 4% during the extended hours of trading as the company’s first quarter results beat…
CSX stock fluctuates despite doubling profit in Q3
CSX Corp. (CSX) reported better-than-expected earnings in the recently ended third quarter and the stock was fluctuating in the extended…
Uber and Lyft plan IPOs next year but their valuations are poles apart
Uber is preparing for an IPO that could happen in early 2019 and the proposals it received from Wall Street…