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U.S. Markets News

GameStop’s stock stays in the doldrums after disappointing quarter

GameStop Corp.’s (NYSE: GME) shares were down over 18% in afternoon trade on Wednesday after the company reported another weak…

Home Depot’s stock sees a dip after providing preliminary FY2020 guidance

Shares of The Home Depot (NYSE: HD) remained down 1.8% in morning hours on Wednesday after the company provided a…

Five high-profile CEO departures in the past one month

2019 seems to be a record year in terms of CEO exits. The departures of these CEOs have been due…

General Electric to freeze pension plans to cut down debt

General Electric (NYSE: GE) has announced three key strategic decisions related to its US retirement benefits in order to reduce…

HSBC to cut 10,000 jobs to reduce expenses

HSBC (NYSE: HSBC) is undertaking cost-cutting initiatives that could result in the reduction of up to 10,000 jobs. According to…

Companies that announced major restructurings in 2019

A slew of companies have announced major corporate restructurings to streamline operations and cut costs. Restructurings are often accompanied by…

Monster Beverage could get hurt by Coca-Cola’s energy drink

Shares of Monster Beverage Corp. (NASDAQ: MNST) stayed in negative territory during midday trade on Wednesday after Guggenheim downgraded the…

A long-term relationship with airline stocks may not end well. Here’s why

When it comes to investing, long-term relationships have many benefits. Higher holding periods tend to make stocks more balanced, with…

US travel industry needs some stimulus to drive growth

A week ago we witnessed the gargantuan fall of British travel behemoth Thomas Cook. While the collapse may partly be…

Retail sales manage to climb in August

Retail and food services sales saw an increase in August while the July number was revised. According to the report…

How to safeguard your portfolio in a recession-driven bear market

Warnings of a global recession are louder today than ever since the 2008 financial crisis. While these indications aren’t clear-cut…

Recession panic: Why investors need to stay cautious heading into 2020

For some time, market observers have been crying caution of an upcoming global recession, primarily due to a much prolonged…

Elliott Management takes stake in AT&T and calls for changes

Hedge fund Elliott Management sent a letter to the board of directors at AT&T Inc. (NYSE: T) urging the company…

9 IPO stocks that have given 100+% returns

It was quite an interesting year so far for the IPO market with over 100 companies making their public debut.…

Major IPOs expected in late-2019 or 2020

So far this year, we have seen some high-profile companies hitting the stock markets including Uber (NYSE: UBER), Lyft (NASDAQ:…

Existing home sales rise to 5-month high in July, backed by low interest rates

Existing home sales rebounded in July after declining in the previous month as buyers sought to take advantage of the…

Beyond Meat benefits from partnership strategy

Beyond Meat Inc. (NASDAQ: BYND) appears to be benefiting from its strategy of entering into new partnerships with restaurants and…

Apple, AMD, and 6 other tech stocks reporting earnings this week

Apple, AMD, Qualcomm, Pinterest, and more earnings are scheduled for the week between July 29 and August 2. Check out…

Calendar: Earnings of Boeing, Facebook, Tesla, Amazon, Alphabet, Starbucks on queue

Boeing, Facebook, Tesla, Amazon, Alphabet, Starbucks, and more earnings are scheduled for the week between July 22 and 26. Check…

JPMorgan Chase beats in Q2 on tax benefit

JPMorgan Chase & Co (NYSE: JPM) reported higher earnings on modest growth in revenues during the second quarter, despite headwinds associated…

Calendar: Earnings of Bank of America, Netflix, eBay, Microsoft, Amex on queue

Bank of America, Netflix, eBay, Microsoft, Amex, and more earnings are scheduled for the week between July 15 and 19.…