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Bank stocks JPMorgan and Citi fail to impress on earnings day
JPMorgan Chase & Co (JPM) on Friday posted an upbeat profit on revenue in line with analyst consensus. However, this…
Infosys misses Q1 earnings estimates; maintains FY19 outlook
Software services company Infosys (INFY) reported a marginal decline in its earnings for the first quarter of 2019, missing the…
Citigroup earnings beat view; stock dips on revenue miss
Investment banking firm Citigroup (C) Friday came out with mixed results for the second quarter, when earnings rose sharply and…
Tesla’s ambitious plans for Model 3 and Gigafactory 3
Tesla (TSLA) achieved its production goal of 5,000 units a week for its Model 3 cars by the end of…
Broadcom turns to software with odd $19-billion deal
Raising many an eyebrow, Broadcom (AVGO) announced that it would buy CA Technologies (CA) for $18.9 billion in cash. This…
Delta overcomes fuel woes; Q2 results beat street view
Benefitting from a record increase in revenues aided by broad-based traffic growth, aviation firm Delta Airlines (DAL) reported better-than-expected earnings…
American Airlines’ downbeat outlook leaves airline sector in the red
American Airlines (AAL), which carried above 198 million passengers in 2017 and holds “the largest airlines of the US” title…
Will Amazon eclipse the $1 trillion market cap?
The race for joining the $1 trillion market cap seems to be getting intense in 2018. Amazon (AMZN) is expected…
David Hoffmann to head Dunkin’ Brands; Nigel Travis retires as CEO
Dunkin’ Brands Group (DNKN), the parent of two fast-food restaurant companies Dunkin’ Donuts (DD) and Baskin-Robbins (BR) named Dave Hoffmann…
Fastenal Q2 results crush estimates; stock gains 7%
With a client base that includes several large corporate firms, Fastenal (FAST) has been registering sales growth consistently for nearly…
Facebook escapes $2 billion penalty for now, slapped smaller fine
The Cambridge Analytica scandal came biting once again as Facebook (FB) was slapped with a fine of £500,000 ($662,900) by…
With orders pouring in, Boeing flies above Airbus in first half
A spurt in demand for the latest passenger jets helped Boeing (BA) extend the lead over its European rival Airbus…
BMW: High tariffs bring price hike and production shift
As the US and China fire tariff shots at each other, someone or the other keeps getting hit. This time,…
JM Smucker sheds baking brands to focus on pet foods, snacking
JM Smucker (SJM), one of the popular food brands in American households, has been busy revamping its brand portfolio for…
Celgene gets a booster shot from recent positive clinical trial results
Troubled pharma giant Celgene (CELG) has announced 3 positive clinical trial results in the past two weeks. Today, the company…
Nissan concurs on fudging emission stats
Japan’s second largest automaker Nissan revealed today that it has identified slip-ups in the emission and fuel economy inspections, which…
BREAKING: Twitter stocks are tanking today. Here is why
Twitter (TWTR) is likely heading towards its worst single-day decline, losing as much as 8.4% of its value in the…
Musk’s special pods to save Thai boys ready, but eight already rescued
Tesla (TSLA) CEO Elon Musk had volunteered to help with the rescue operations to save Thai boys and their football…
IPO Alert: Tencent will list its online music arm in the US
Chinese internet mammoth Tencent Holdings on Sunday announced that it might spin off to list its online music unit in…