U.S. Markets News
Oil price: Uncertainties rife in the long-term
Oil prices saw an initial drop before steadying on Friday while long-term factors point to further pressures in the market.…
Tyson Foods shares plunge after profit outlook cut, blames Trump’s Tariffs
Tyson Foods (TSN) cut its annual profit forecast, blaming the uncertainty surrounding the brewing trade war as well as volatility…
Will last week’s slide sink its ‘FAANGs’ into the tech stocks?
Last week was not a good time for the technology sector. Facebook (FB) and Twitter (TWTR) saw massive stock declines…
Fallen Angels: A look at Facebook and Twitter stock declines
Social media platforms Facebook (FB) and Twitter (TWTR) would make a good pair now. Both reported their earnings this week,…
Economy gathers steam; Q2 GDP growth is quickest since 2014
The US economy expanded at the fastest pace in about four years, in line with expectations, as households and enterprises…
Netflix, YouTube are the Pied Pipers of cord-cutting
Netflix (NFLX) has been giving traditional cable companies nightmares for quite some time now. Several major companies in the entertainment…
Biogen stock gains on upbeat Q2 results
Biotechnology giant Biogen (BIIB) reported second-quarter results that exceeded analysts' estimates, pushing the shares up more than 5% during pre-market…
US home sales slide for third consecutive month
Sales of existing homes in the US fell for the third consecutive month in June. A shortage in inventory and…
New round of tariffs could put pressure on Apple Watch and Fitbit
The new set of tariffs proposed on $200 billion of Chinese imports is likely to hit several gadgets such as…
General Electric posts adjusted EPS of $0.19 for Q2; beats estimates
Industrial conglomerate General Electric (GE) reported its second-quarter earnings before the bell today. The company reported a beat on revenue…
Move over, Apple! Amazon might be the first trillion-dollar company
Amazon.com Inc. (AMZN) is catching up fast with Apple Inc. (AAPL) in the race to reach $1 trillion in market…
Housing starts hit 9-month low as construction slump deepens
The construction sector, which is currently going through a challenging phase, has been the main drag on the economy since…
Abbott posts 17% sales growth for Q2; beats estimates
Healthcare giant Abbott Laboratories (ABT) reported its quarterly results for its second quarter of 2018 today before the opening bell.…
China’s trade surplus with US hits all-time high as tariffs backfire
When the trade standoff between the world’s largest economies intensified in recent weeks, market watchers had cautioned that a further…
Infosys misses Q1 earnings estimates; maintains FY19 outlook
Software services company Infosys (INFY) reported a marginal decline in its earnings for the first quarter of 2019, missing the…
Citigroup earnings beat view; stock dips on revenue miss
Investment banking firm Citigroup (C) Friday came out with mixed results for the second quarter, when earnings rose sharply and…
ZTE gets help from US government to end export ban
The US Commerce Department signed an agreement with ZTE Corp. that will help ease the restrictions on the Chinese firm…
Will Momo become next Alibaba?
If you like and own Alibaba Group (BABA) stock then the shares of the Chinese instant-messaging service Momo (MOMO) could…
More Americans are quitting their jobs, says report
When there is plenty, one can afford to be picky. That seems to be the case in the job market…
US economic growth to rebound in Q2
Amidst escalating trade tensions between the US and China, economists have expressed optimism over a strong economic rebound the second…