U.S. Markets News
Boeing delivers more aircraft in October, but stock slips
Boeing Co (BA) announced that in October, the aircraft maker delivered 43 737 single-aisle aircraft. The growing jet market fueled…
Softbank pours another $3 billion into WeWork
New York-based WeWork said it will receive $3 billion in funding, in yet another investment from its already biggest financier…
With iPhone hype reaching its peak, Apple needs a reality check
The changing order trends at Apple’s (AAPL) component suppliers often trigger speculations about the health of the tech giant’s product…
Snap content head quits amid turnaround efforts
A lot has been happening at Snap (SNAP) these days, at a time when the social media app is struggling…
Earnings Preview: Canopy Growth is where the money is
What a year it has been for the cannabis industry in America! Including the midterm events that lead to Utah…
Tech sector: FAANG stocks might take more time to recover
FAANG stocks (Facebook, Apple, Amazon, Netflix, and Google) have always gotten more attention than they deserve. Investors have continuously raised…
Earnings preview: NVIDIA to put up a good show in Q3 despite crypto slump
While NVIDIA (NVDA) continues to thrive on the strength of the cryptocurrency and gaming industries, the faltering enthusiasm among crypto…
Airline stocks set to soar into 2019
Airline stocks have remained mostly grounded this year, with the exception of United Airlines (UAL), which grew 46% year-to-date, defying…
Companies reporting earnings this week: Nov 12 – 16
A slew of major companies are reporting earnings this week. Home improvement retailer Home Depot (HD) will announce third-quarter earnings…
Microsoft pays $1.3 billion in cash in connection to GitHub deal
Tech giant Microsoft Corp (MSFT) in a Thursday filing said that it paid $1.3 billion in cash in connection to…
A bleak future awaits e-cig brands as the hype proves to be flawed
The safety of e-cigarette has been a point of contention ever since it was made popular by people who are…
Ford is acquiring scooter-sharing company Spin
Ford Motor Company (F) is acquiring scooter-sharing firm Spin in a deal said to be valued at $40 million, although…
Coca-Cola confirms energy drink launch as the Monster spat intensifies
On Thursday, The Coca-Cola Company (KO) confirmed its plans to launch two energy drinks under the brand Coca-Cola, in a…
Wynn Resorts stock dips on Macau slowdown concerns
Wynn Resorts (WYNN) stock plunged over 12% on Thursday as a slowdown at its Macau location is on cards. Executive…
Lenovo benefits from premium laptops as quarterly profit soars
Hong-Kong listed Chinese laptop maker Lenovo (HK:0992) saw second-quarter profit jump 21% to $168 million as premium PC sales lifted…
Activision Blizzard: Maybe Diablo Immortal is not that bad
Activision Blizzard (ATVI) has had a tough week. The company faced severe backlash from the gaming community after unveiling its…
SEC fines Citibank for mishandling American Depository Shares
The US Securities and Exchange Commission (SEC) finally caught up with the Citibank (C) and fined them $38 million for…
Mark Zuckerberg is busy tackling Russian hackers; declines to meet UK lawmakers
While Facebook (FB) chief Mark Zuckerberg has every right to think he has done his bit by plugging the social…
Who is David Einhorn and why is he aggressively shorting Tesla?
During the earnings conference call of Greenlight Capital Re Ltd (GLRE) on Tuesday, hedge fund manager and revered investor David…
Pelosi in the lead for Speaker job as tech, healthcare stocks jump on midterm results
It was a bull run in the US market on Wednesday with the results of US midterm elections meeting expectations.…