Market News
Alibaba to combine food delivery services into one business
China’s food-to-flight services platform, Meituan-Dianping has been witnessing fast growth posing threat to larger rivals such as Alibaba (BABA). And…
Elon Musk taking Tesla private? Trading halted
“Am considering taking Tesla private at $420. Funding secured,” read a tweet posted from Tesla (TSLA) CEO Elon Musk’s verified…
Prospects for T-Mobile, Sprint merger improve
Prospects for the planned merger of Sprint (S) and T-Mobile (TMUS) brightened considerably after reports surfaced claiming that the Department…
Snap bucks social-media curse; stock jumps as much as 10%
Snap (SNAP) reported a narrower-than-expected adjusted net loss of 14 cents per share during the second quarter as Daily Active…
Earnings Preview: CVS Health could turn active in Q2
CVS Health (CVS) is expected to post earnings for the second quarter on Wednesday before the market opens. Analysts expect…
Tesla fast-tracks China launch, starts hiring
A week after CEO Elon Musk reaffirmed that Tesla (TSLA) would turn profitable by the next quarter, the electric car…
Office Depot posts Q2 earnings of 5 cents vs expectation of 3 cents
Office Depot (ODP) Tuesday reported second-quarter results that surpassed analysts’ estimate on both the top and bottom lines. During the…
Peace: Cisco, Arista settle patent infringement lawsuit
The patent infringement dispute between network technology companies Cisco Systems (CSCO) and Arista Networks (ANET) took a turn for the…
All eyes on the next Apple iPhone, but delay on the cards
Apple (AAPL) is widely expected to release three iPhone models this year, including an update to the iPhone X, a…