Market News
Naspers to shed Multichoice; Showmax flexes muscles to fight off Netflix
South African media giant Naspers is all set to spin off Multichoice – the biggest pay-TV service in Africa by…
Audi debuts e-tron electric SUV, defying Tesla Model X
Luxury carmaker Audi has finally launched the production version of the most-anticipated all-electric “e-tron quattro SUV”. The company expects the…
Earnings Preview: Will Darden’s Q1 à la carte please investors?
Darden Restaurants Inc. (DRI) is just two days shy of releasing its first-quarter results before the market opens. Analysts expect…
General Mills Q1 earnings beat; stock falls on sales miss
Earnings of consumer food company General Mills (GIS) declined in the first quarter, but to a lower extent than predicted…
What is happening in the IPO market?
The IPO market is abuzz as usual, with many companies inching closer to public listing, while a few have backtracked…
Coca-Cola may soon roll out marijuana-based drinks
It seems cannabis is taking the beverages industry by storm, with more alcohol and soft drink companies shifting their focus…
Oracle stock falls on weak cloud business; earnings top estimates
Oracle’s (ORCL) strong earnings growth in the first quarter failed to amuse investors Monday when the company’s below-consensus cloud revenues…
Higher Q1 deliveries likely to lift FedEx stock
FedEx (FDX) is going to announce the results a day ahead of the original schedule. The company is set to…
PC market bracing for a season without Intel ‘inside’
The functioning of the technology companies, especially in the consumer electronics sector, is so closely interlinked that each of them…
Nio stock turns upward after IPO failure
Tesla’s (TSLA) rival Nio Inc. (NIO) has set its foot in the US and the company’s shares have taken the…