Market News
US Postal Service is raising stamp prices to salvage itself
The US Postal Service plans to increase the price of its first-class mail forever stamps as the agency is facing…
Apple invests $600 million in UK-based Dialog Semiconductor
Apple (AAPL) strengthens its in-house making capabilities of iPhones and iPads by investing $600 million in buying UK-based firm Dialog…
Post-selloff, stock futures stabilize as consumer price growth cools
It is natural that investors look for solace in economic indicators whenever there is a stock crash, like the mid-week…
Commerce Bancshares Q3 profit jumps 53%, beats estimates
Commerce Bancshares (CBSH) reported a 53% jump in earnings in the third quarter driven by a strong economy, higher interest…
Walgreens Q4 earnings beat; stock tanks on sales miss
Benefitting from strong pharmacy sales in the US, earnings of drugstore chain Walgreens Boots (WBA) rose sharply and topped Wall…
Sarah Friar to bid adieu as Square CFO
Square Inc.’s (SQ) CFO Sarah Friar will exit from her position at the end of this year and is set…
TransDigm inks $4-billion deal to acquire Esterline Technologies
Aerospace component supplier TransDigm Group (TDG) has agreed to acquire its rival Esterline Technologies (ESL) in a deal worth $4…
Wells Fargo positioned to post upbeat Q3 results despite mounting pressures
Wells Fargo (WFC) is set to post its results for the third quarter on Friday. The results could remain the…
Taxi race turns to Wall Street as Lyft, Uber shift to IPO mode
If everything goes as planned, some long-awaited IPOs from the ride-hailing sector will become a reality by next year. Though…