Trading Ideas
Why Shares of iQiyi Inc. Surged Again Today
iQiyi’s first earnings report, an analyst buy rating, and a successful new membership program are giving investors plenty of reasons to bid up the stock. …read more […]
Month: May 2018
Trading Ideas
Nvidia: Fiscal 1Q Earnings Snapshot
On a per-share basis, the Santa Clara, California-based company said it had profit of $1.98. Earnings, adjusted for one-time gains and costs, came to $2.05 per share. The results surpassed Wall Street … …read more […]
Business News
Wall Street rallies and Apple approaches $1 trillion value
(Reuters) – Wall Street jumped on Thursday, and Apple inched closer to a $1 trillion stock market value, as tepid inflation data eased worries of faster U.S. interest rate hikes this year.
Business News
Murdoch’s News Corp posts 6 percent rise in quarterly revenue
(Reuters) – News Corp , the owner of Wall Street Journal and book publisher HarperCollins, reported a 5.8 percent rise in quarterly revenue on Thursday, as more people used its real estate app and website.
Business News
Dropbox tops paying subscriber estimates in first results since IPO
(Reuters) – File hosting service provider Dropbox Inc topped analysts’ estimates for paying subscribers in its first financial report as a publicly traded company.
Business News
Symantec reports smaller quarterly loss
(Reuters) – Symantec Corp reported a smaller loss on Thursday as the cyber security company benefited from strong demand for its products from enterprise customers.
Business News
Wall Street rises on easing inflation concerns
NEW YORK (Reuters) – Wall Street jumped on Thursday, and Apple Inc inched closer to a $1 trillion stock market value, as tepid inflation data eased worries of faster interest rate hikes this year.
Business News
Trump drug-pricing speech adds dose of uncertainty for healthcare investors
NEW YORK (Reuters) – Investors are bracing for widespread volatility in healthcare stocks on Friday, when U.S. President Donald Trump is expected to give a highly anticipated speech about controlling prescription drug prices.
Business News
GM sees custom designs, personal ownership for self-driving cars
(Reuters) – General Motors Co , which plans a ride-sharing fleet of robotaxis for next year, is looking at further business opportunities for self-driving cars, such as custom designs that could be almost unrecognizable from those of today, a top executive said on Thursday.
Trading Ideas
Israel, Iran engage in most serious confrontation in Syria
Israeli forces unleashed a heavy bombardment against Iranian military installations in Syria on Thursday in what Israel called retaliation for an Iranian rocket barrage on its positions in the occupied Golan Heights, the most serious military confrontation between the two bitter enemies to date. “If we get rain, they’ll get a flood,” Israeli Defense Minister Avigdor Lieberman warned. The scope of the attacks — which Israel called its largest in Syria since the 1973 Mideast war — raised the specter of a full-fledged war between Iran and Israel in Syria, a conflict that could potentially drag the militant …read more […]
Business News
Wall Street rallies and Apple reaches record high
(Reuters) – Wall Street jumped on Thursday, and Apple hit a record high, as tepid inflation data eased worries of faster interest rate hikes this year.
Business News
Embraer breakup complications are delaying its deal with Boeing: sources
SAO PAULO (Reuters) – The tricky work of divvying up the three business segments of Brazilian planemaker Embraer SA has been delaying an agreement to combine operations with Boeing Co , three people with knowledge of the matter said this week.
Trading Ideas
Ford Motor Company (F) Defends Sedan Cuts at Shareholder Meeting
Shareholders questioned Ford Motor Company (NYSE: F) executives at the company’s annual meeting on Thursday, wanting to know why the company announced it will cut its North American sedan lineup by 80 percent. Management defended the decision, and analysts say it was the right move for Ford’s bottom line. In April, Ford announced that over the next few years, the company will be cutting its North American car lineup down to just two models — the Mustang and the Focus Active crossover. …read more […]
Business News
Bank of America affirms gun pledge, hints at Remington loan exit
WILMINGTON, Del. (Reuters) – Bank of America said on Thursday it was standing by its pledge to stop financing civilian assault weapons and suggested it may be preparing to exit a loan for gun maker Remington Outdoor Corp that sparked criticism of the lender.
Business News
Tax cut helping turn U.S. small caps into unlikely source of safety
NEW YORK (Reuters) – The Republican-led corporate tax cut is helping turn the shares of smaller publicly-traded companies in the United States into an unexpected source of stability as the broader stock market wobbles.