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U.S. Markets News

US unemployment applications drop to 49-year low amid government shutdown

The number of applications for unemployment benefits in the US dropped close to a 49-year low last week. Data from…

Chipmakers, airlines rally lift the Nasdaq despite government shutdown, trade war

On January 24, Thursday, airline stocks and chipmakers lifted the Nasdaq, especially on a day that China-US trade war and…

Freeport-McMoRan misses Q4 earnings and revenue estimates; stock drops

Freeport-McMoRan's (FCX) Q4 earnings of 11 cents per share and revenue of $3.68 billion fell short of analysts' views and…

Huawei looks to topple Samsung as top smartphone maker despite US ban

Chinese smartphone giant Huawei Technologies Co Ltd announced its plan to become the world's biggest-selling smartphone vendor in 2019, despite…

Earnings: Southwest Airlines Q4 earnings slide despite beating estimates

America's largest low-cost airline carrier posted its fourth-quarter results before the market opened for trading on Thursday, Jan. 24. Despite…

Former Tesco finance executive Carl Rogberg cleared of fraud in 2014 scandal

Tesco's former senior director Carl Rogberg on Wednesday was officially cleared of charges related to false accounting and fraud slapped…

Lam Research exceeds Q2 earnings and revenue estimates; stock jumps

Lam Research (LRCX) second quarter 2019 earnings and revenue surpassed analysts' estimates and shares were trading in the upward direction after…

What to look out for in Western Digital’s Q2 earnings report tomorrow

Western Digital (WDC) is set to release its second quarter fiscal 2019 earnings results on Thursday after the bell. On…

Earnings preview: Southwest Airlines will face few headwinds in Q4

Southwest Airlines (LUV) is set to report its fourth-quarter earnings on Thursday before the bell. Investors were concerned about the…

Preview: Alaska Airlines to report Q4 earnings on Jan 24

Alaska Airlines (ALK) is scheduled to report fourth-quarter results after the closing bell on Thursday, January 24. Analysts expect the…

Tesla’s stock takes a hit after downgrade and production changes

Tesla Inc.’s (TSLA) shares were down 4.2% in afternoon trade following a downgrade from RBC Capital Markets and production changes…

Morgan Stanley upbeat on Walmart’s cost-cutting efforts, raises rating

While revising its growth strategy in tune with the changes the retail landscape has witnessed in recent years, Walmart (WMT)…

Kimberly-Clark stock drops on Q4 earnings miss, weak guidance

Kimberly-Clark (KMB), a leading manufacturer of personal care products, Wednesday reported weaker than expected earnings for the fourth quarter, reflecting…

Procter & Gamble Q2 2019 earnings narrowly beat estimates

The Procter & Gamble Company (PG) reported upbeat earnings results for the second quarter of 2019 on Wednesday, January 23,…

United Technologies reports Q4 EPS of $1.95 vs. expected $1.51

Aircraft manufacturing company United Technologies (UTX) on Wednesday reported better-than-expected fourth quarter results, helped by its cost optimization measures as…

Capital One Q4 results fails to impress the street

Shares of the credit card issuer Capital One Financial Corporation (NYSE: COF) was down more than 4% after the bell…

Earnings Preview: Higher fuel costs might impact JetBlue’s Q4 earnings

JetBlue Airways Corporation (JBLU) is scheduled to report fourth-quarter 2018 earnings results on Thursday, January 24, before market opens. Analysts…

eBay stock spikes after activist investor brightens turnaround hopes

After fighting for long to regain its lost glory in the e-commerce space, rather unsuccessfully, the pressure is mounting on…

Tilray is on a consolidation spree

On the heels of a string of partnership deals, Tilray (TLRY) on Tuesday announced that it was acquiring Canada-based Natura…

Tokyo court denies bail to Renault CEO Carlos Ghosn yet again

On January 22, Tuesday, a court in Tokyo rejected former Nissan boss Carlos Ghosn’s latest request for bail. Shortly after…

Intel to report Q4 earnings on Jan 24. What to expect

During the prior 12-month period, the semiconductor industry has suffered a decline of 12%, primarily attributable to the trade war…