Trading Ideas
Tesla sues former employee for $1 million over trade secret theft
Tesla is suing a former employee for $1 million, alleging the man hacked the …read more […]
Month: June 2018
Trading Ideas
Naked Brand Shares Fly Skyward on Bendon Merger
Naked Brand and Bendom Limited officially completed their merger today. This comes after shareholders of NAKD voted in favor of the merger on June 11, 2018. The merger has both Naked and Bendon acting as wholly-owned subsidiaries of the new company Bendon Group Holding Limited. …read more […]
Business News
FAANGs power Nasdaq to record high; Dow remains under pressure
(Reuters) – The Nasdaq hit a record on Wednesday as Facebook, Amazon, Netflix and Alphabet touched all-time highs, while the Dow Jones Industrial Average struggled to shrug off concerns over a rapid escalation in the U.S.-China trade spat.
Business News
Boeing targets 2025 for new jet but won’t rush decision
PARIS (Reuters) – The head of Boeing jetliner sales said on Wednesday he was confident a possible new mid-market jet with the potential to carve out new routes would be ready to enter service in 2025, but stressed the planemaker would not be rushed into a decision.
Trading Ideas
Starbucks closing 150 stores; Snap shares sink; Square gets a boost; AMC expands movie subscription service
Yahoo Finance’s Seana Smith on the stocks making headlines in intraday trading Wednesday. …read more […]
Business News
U.S. court revives Dr Pepper challenge to Coca-Cola ‘zero’ drinks
(Reuters) – A U.S. appeals court on Wednesday revived Dr Pepper Snapple Group Inc’s challenge to Coca-Cola Co’s effort to register trademarks for soft drinks and sports drinks whose names contain the word “zero.”
Business News
Tesla accuses former employee of hacking and transferring data
SAN FRANCISCO (Reuters) – Tesla Inc has sued a former employee claiming that he hacked the electric carmaker’s trade secrets and transferred large amounts of company data to third parties, according to a lawsuit filed in federal court in Nevada on Wednesday.
Trading Ideas
Citigroup Stock Upgraded: What You Need to Know
Deutsche Bank expects its peer to pop after stress test results come out. …read more […]
Trading Ideas
With GE Gone, It’s Time to Stop Covering the Dow Jones Index
General Electric Co. (NYSE:GE), the last original member of the Dow Jones Industrial Average is being booted from the index. It’s tragic, for GE, sure, but it’s also another opportunity to talk about why we shouldn’t report on the Dow. …read more […]
Business News
Deutsche Bank to pay $205 million to settle NY currency rigging charges
(Reuters) – Deutsche Bank AG has agreed to pay a fine of $205 million for violations of New York’s banking laws, the state’s department of financial Services said on Wednesday.
Business News
Teradata sues Germany’s SAP, alleging it stole trade secrets
FRANKFURT (Reuters) – SAP SE , Europe’s most valuable technology company, was sued on Wednesday by U.S. company Teradata , which accused it of stealing trade secrets, copyright infringement and anti-trust violations.
Business News
Iran signals compromise for modest rise in OPEC oil output
VIENNA (Reuters) – Iran signaled on Wednesday it could compromise on a small increase in OPEC oil output when the group meets this week, as Saudi Arabia scrambled to convince fellow members of the need for a larger rise in production.
Business News
Media stocks, techs boost S&P; Nasdaq hits record high
(Reuters) – A jump in technology and media stocks lifted the S&P 500 on Wednesday and pushed the Nasdaq to a record high, but the Dow remained under pressure from an escalation in the U.S.-China trade spat that has slammed global markets.
Trading Ideas
Facebook tests 'subscription Groups' that charge for exclusive content
Facebook is starting to let Group admins charge $4.99 to $29.99 per month for …read more […]
Business News
World’s biggest central banks fret over impact of escalating trade war
SINTRA, Portugal (Reuters) – A developing trade war between the world’s biggest economies is already weighing on business confidence and could force central banks to downgrade their outlook, the world’s most powerful central bank chiefs argued on Wednesday.