Trading Ideas
Splunk, Inc. Proves Its Worth as Enterprise Digitization Accelerates
The operational-intelligence platform company just beat expectations for the 15th straight time. Here’s what investors need to know. …read more […]
Month: August 2018
Business News
Fed policymakers see rate hikes, blurring dove-hawk divide
Increasing consensus at the Federal Reserve on the need to continue raising U.S. interest rates was on display at the start of a global central bankers meeting here, as the longstanding distinction between so-called policy hawks, centrists and doves blurs in the face of falling unemployment.
Business News
Fiat Chrysler, Volkswagen issue recalls for cars in Mexico
Citing possible electronic problems, the Mexican unit of Fiat Chrysler issued a recall notice to the owners of more than 122,000 vehicles, Mexico’s consumer watchdog Profeco said on Thursday.
Trading Ideas
Amazon Is Just Getting Started With Groceries
It’s going to take years, but the rewards could be massive. …read more […]
Business News
Sales at Gap brand stores worsen, shares fall
Gap Inc’s namesake brand reported a bigger-than-expected drop in quarterly same-store sales on Thursday, sending shares down nearly 7 percent in after-hours trade even as the apparel retailer beat Wall Street profit expectations and posted strong revenue.
Business News
Jaguar Land Rover approves launch of electric E-type
Britain’s biggest carmaker Jaguar Land Rover (JLR) has given the go-ahead to production of an electric version of its E-type sports car with first deliveries planned for the summer of 2020, the company said on Thursday.
Business News
U.S. says Facebook fugitive Paul Ceglia arrested in Ecuador
The New York man who spent nearly 3-1/2 years as a fugitive after being charged with trying to defraud Facebook Inc founder Mark Zuckerberg out of half of the social media company has been arrested in Ecuador and may be extradited, U.S. prosecutors said on Thursday.
Trading Ideas
U.S.-China trade talks end with no breakthrough as tariffs kick in
WASHINGTON/BEIJING (Reuters) – U.S. and Chinese officials ended two days of talks on Thursday with no major breakthrough as their trade war escalated with activation of another round of dueling tariffs on $16 billion worth of each country’s goods. “We concluded two days of discussions with counterparts from China and exchanged views on how to achieve fairness, balance, and reciprocity in the economic relationship,” White House spokeswoman Lindsay Walters said in a brief emailed statement. The discussions included “addressing structural issues in China,” including its intellectual property and technology transfer policies, Walters said. …read more […]
Business News
U.S.-China trade talks end with no breakthrough as tariffs kick in
U.S. and Chinese officials ended two days of talks on Thursday with no major breakthrough as their trade war escalated with activation of another round of dueling tariffs on $16 billion worth of each country’s goods.
Business News
Gap’s namesake brand posts disappointing sales; shares fall
Apparel retailer Gap Inc’s namesake brand reported a bigger-than-expected drop in quarterly same-store sales, overshadowing strength in revenue and profit beat and pushing the company’s shares down nearly 7 percent in after-market trading on Thursday.
Trading Ideas
Microsoft Is Likely to Announce a Dividend Increase Next Month
This dividend-paying tech stock may soon be getting a juicier payout. …read more […]
Business News
White House says U.S. discussed economic fairness in China trade talks
The United States and China concluded two days of discussions on trade on Thursday and discussed “how to achieve fairness, balance, and reciprocity in the economic relationship, including by addressing structural issues in China,” the White House said.
Trading Ideas
A ton of Tesla employees are getting poached by Apple, which Elon Musk once called the 'Tesla graveyard' (AAPL, TSLA)
Tesla and Apple compete for the same talent in fields like software, batteries, supply chain, and mechanical engineering. So there has always been a lot of employees that jump from one company to the other.But recently, the flow has been going from Tesla to Apple, according to CNBC, which says that the iPhone maker has poached at least 46 employees from Tesla in 2018. Tesla CEO Elon Musk once said that “if you don’t make it at Tesla, you go work at Apple.” …read more […]
Business News
Microsoft faces U.S. bribery probe over sales in Hungary: WSJ
Microsoft Corp is being investigated by U.S. authorities over potential bribery and corruption related to software sales in Hungary, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Trading Ideas
How General Motors' New Pickup “Ramp” Will Affect Profits
All-new Silverados and Sierras are shipping ahead of schedule. Here’s what that means for GM’s bottom line. …read more […]