U.S. Markets News
Mother sinks as son gains: Today’s bittersweet stock saga
The stock markets often spring up some intriguing storylines. And as markets opened on Wednesday, investors were treated with a…
Acuity Brands’ stock gets a lift after Q1 results beat estimates
Acuity Brands Inc. (AYI) reported better-than-expected sales and earnings for the first quarter of 2019, sending the stock up over…
Chesapeake Energy Corp announces Q4 2018 preliminary results
Oklahoma City-based Chesapeake Energy Corp (CHK) on Wednesday announced some preliminary results of its fourth quarter of 2018. The energy…
Antero Resources tweaks 2019 production outlook after oil prices slump
With oil and natural gas prices slumping, Antero Resources Corp (AR) cut its 2019 drilling and completion budget. On a…
Amazon faces more competition in grocery
Amazon.com Inc. (AMZN) took Microsoft’s (MSFT) place as the most valuable public company in the US on Monday. Amazon, with…
Facebook stock gains after JPMorgan predicts strong turnaround this year
Facebook (FB) got a new lease of life this week after JPMorgn came up with an exceptionally bullish outlook on…
Telecom stocks inch higher after AT&T fake 5G icon
The telecom industry has been experiencing positive momentum in the past week as companies have started advertising 5G networks to…
WeWork: Name change, future plans and SoftBank investment
WeWork is having an eventful week. Its top investor, SoftBank Group Corp., which was planning on investing $16 billion in…
From flying taxi to roll-up TV, CES 2019 witnesses many debuts
CES 2019, the iconic electronics exhibition being held in Las Vegas, witnessed some of the leading technology firms unveiling their…
Earnings preview: BFSI to be the deciding factor for Infosys in Q3
Bengaluru-based IT giant Infosys (INFY) is scheduled to report third-quarter results on Friday, January 11, before the market opens. Analysts…
Sony wins 2018 console war with success of Spider-Man and God of War
Sony is back to take home the crown in the console wars as it posted a whopping 5.6 million units…
Korea’s SK Telecom forms JV with US broadcaster Sinclair
Korea's largest telecom operator SK Telecom (SKM) announced on Tuesday that it signed a joint venture agreement with Sinclair Broadcast…
Apple seeks to tide over iPhone rout through media tie-up with Samsung
It is true that in a rapidly evolving business world there are no permanent friends and enemies. After fighting a…
Bucking the bearish beverage trends – Dirty Lemon
Once in a while there comes a company that successfully blurs the boundary between two industries. Be it Tesla (TSLA)…
In a massive deal, Eli Lilly acquires Loxo Oncology
Eli Lilly and Company (LLY) on Monday announced that it would acquire a small biopharmaceutical startup that develops cancer treatment,…
Commercial Metals’ shares tank after Q1 earnings miss estimate
Commercial Metals Company (CMC) missed analysts’ expectations on earnings for the first quarter of 2019 while revenues came in line…
Despite headwinds sin stocks look solid in 2019
There is no denying the fact that the sin industry – comprising cannabis, tobacco, alcohol and gambling sectors – is…
Companies reporting earnings this week: Jan 7 – 11
A slew of major companies are reporting earnings this week. Electrical equipment maker AZZ Inc. (AZZ) will announce third-quarter earnings…
Rite Aid is looking for a prescription to avoid delisting
Shares of drugstore chain Rite Aid Corp. (RAD) which stood at $1 a month ago are struggling to return to…
Intel looks at a better year as rating upgrade fuels recovery
Shares of Intel (INTC) gained Friday after Bank of America Merrill Lynch raised its rating on the stock to buy…
Johnson & Johnson dips on revenue decline in India
Johnson & Johnson (JNJ) shares fell 1% on Thursday after the company reported a 3% sales dip in India in…