U.S. Markets News
Mastercard fined $648 million in EU for anti-competitive practices
The business practices of American credit card companies have been under strict scrutiny in the European Union for a long…
Abbott earnings preview: Pharma, medical devices to drive Q4 results
Healthcare giant Abbott Laboratories (ABT) is expected to post upbeat results for the fourth quarter on Wednesday before the bell,…
Arconic says it’s no longer available for sale; stock nosedives
Arconic Inc (ARNC) announced that the Board has determined to no longer pursue a potential sale of the company as part…
China growth slump pulls down oil prices
On January 22, Tuesday, oil prices slipped more than 1% after signs of economic slowdown in China became evident. This…
Tesla might use battery from Chinese firm Lishen, indicates new report
With the trade-standoff between China and the United States of America tightening over time, a recent report by Reuters cites…
Earnings Preview: A bumpy ride ahead for Ford in 2019
Ford Motor Company (NYSE: F) is slated to report its fourth-quarter results on January 23 after the bell. The automaker…
Companies reporting earnings this week: Jan 22 – 25
A slew of major companies are reporting earnings this week. Healthcare giant Johnson & Johnson (JNJ) will announce fourth-quarter earnings…
Eli Lilly’s oncology push suffers a blow after sarcoma drug fails study
The ambitious cancer therapy program of Eli Lilly and Company (LLY) suffered a setback Friday after a formulation developed by…
Chinese tourist spending slump pulls down Tiffany holiday sales
US luxury jeweler Tiffany & Co (TIF) cut its yearly profit forecast on Jan. 18 on weaker holiday sales, after…
Walmart, CVS settle pharmacy pricing dispute; ink fresh partnership
In a deal that marks the reunion of two of the world’s largest store operators, Walmart (WMT) and CVS Health…
Strong Q3 earnings put VF Corp stock in the north phase
Apparel and footwear company VF Corp (VFC) saw its shares jump as much as 10% during pre-market trading on Wednesday…
Tesla’s stock plummets on news of job cuts and lower Q4 profits
Tesla Inc. (TSLA) saw its shares plunge over 7.9% in premarket hours on Friday after the company announced that it…
China cries foul after global move against ZTE, Huawei
Beijing on Thursday said that the proposed actions of the US government against ZTE, Huawei and other telecom equipment firms…
Legal charges drag JB Hunt’s Q4 earnings
Trucking and logistics provider J.B. Hunt Transport Services (NASDAQ: JBHT) reported its fourth-quarter results after the bell. The firm reported…
Facebook acts tough as Russia-linked groups pose perennial challenge
After a tumultuous year marked by a series of scandals and allegations, Facebook (FB) is leaving no stone unturned to…
Tailored Brands stock drops to 17-month low
Tailored Brands (TLRD) stock fell to a 17-month low of $11.37 on Thursday as the specialty apparel retailer lowered its…
Chip stocks slip after Apple supplier predicts weaker smartphone demand
Adding to the concerns that the smartphone boom is finally leveling off, component suppliers are witnessing a marked decline in…
China growth to slow down in 2019 on slumping domestic demand, tariff concerns
A Reuters poll suggests that China's economy might slow to 6.3% in 2019 due to weakening domestic demand. The US…
Financial giant Morgan Stanley posts Q4 earnings below market expectations
Volatile global market environment pushed fourth-quarter revenue and profit of Morgan Stanley (MS) below Street expectations, as the financial giant reported…