U.S. Markets News
Companies reporting earnings this week: Jan 14 – 18
A slew of major companies are reporting earnings this week. The third largest US bank, Citigroup (C) will announce fourth-quarter…
Apple is introducing three new iPhones but is that enough?
Apple Inc. (AAPL) is coming up with three new iPhones in 2019, and one of them will be an XR…
GM to take on Tesla in the EV market with Cadillac brand
Cadillac will be General Motors’ (GM) flagship brand for electric vehicles, the company announced in a press release on Friday.…
Weight Watchers stock plunges to yearly low
Weight Watchers International Inc. (WTW) stock plunged to a yearly low of $31.58 on Friday as a weak start to…
Slack likely to make stock market debut this year through direct listing
After building a strong user base, direct messaging app Slack Technologies has been planning to go public for some time…
Accenture chief executive Pierre Nanterme resigns on health grounds
Accenture's (ACN) Chairman and Chief Executive Officer Pierre Nanterme resigned with immediate effect on health grounds. The company appointed CFO David…
Ironman Triathlon organizer Wanda eyes $500 million US IPO
Dalian Wanda Group, a Chinese multinational conglomerate with businesses ranging from property development to cinemas, has confidentially filed for the…
Retail stocks hit hard by dismal holiday sales
As investors continued to punish retail companies after the lackluster holiday season, most of the leading store operators witnessed stock…
Ford announces major restructuring and job cuts in Europe
If it was GM last year, this year it is Ford. Ford Motor Company (F) is said to be planning…
BoA gives double upgrade as Twitter intensifies fight against spam
For the social media sector, 2018 was a year of great significance, and the most valuable takeaway from the recent…
Why airline stocks tumbled today
All major airline stocks took a beating on Thursday, with American Airlines (AAL) being the worst hit. The stock tumbled…
Will Pier 1 Imports stock fall create an opportunity to buy?
Pier 1 Imports Inc. (PIR) stock has fallen over 82% in the past year and there are just a few…
Lampert’s efforts to keep Sears alive might go in vain
Sears Holding Corp. (SHLDQ) has got a lifeline from Chairman Eddie Lampert that might save it from liquidation. According to…
Blizzard Entertainment renews China deal amid faltering user growth
When Activision Blizzard (ATVI) partnered with China-based NetEase (NTES) more than a decade ago, the main attraction was the growing…
Apple vs. Amazon – Which is a better stock in 2019?
While the elite FAANG stocks were much sought-after at the beginning of last year, things took a grim turn around…
Macy’s stock stumbles on lowered FY18 outlook
Macy's Inc (M) reported holiday sales results for the month of November/December 2018 and cut down its outlook for FY18…
Hold on to your Apple stock, this storm shall pass
Apple Inc. (AAPL) was said to have slashed its iPhone production target for the first quarter of 2019 by 10%,…
Rating upgrade breathes new life into Micron; stock rallies
Micron Technology (MU) got a big boost Wednesday after Bernstein Research upgraded the stock to outperform from market perform. The…
Apple sets Jan 29 for Q1 2019 earnings call
Following one of the worst market routs in its history, Apple (AAPL) is scheduled to conduct the first quarter 2019…
Intuitive Surgical announces 2018 preliminary results after Fosun alliance in China
Minimally invasive surgery solutions company Intuitive Surgical (ISRG) on Wednesday announced selected unaudited preliminary fourth quarter and full year 2018…
After record deliveries in 2018, Boeing sees a fruitful year ahead
After ending 2018 on a positive note, Boeing (BA) is gearing up to meet its production and delivery goals for…