August 2019 – Page 68

WeWork IPO: What Every Investor Needs to Know

August 15, 2019 admin Comments Off

WeWork, the shared workspace provider, filed its initial public offering (IPO) paperwork in December 2018. Eight months later WeWork has released its paperwork to the public, and a WeWork IPO seems imminent. The company had been planning on a September 2019 IPO, but sources say WeWork could go public as early as next week.
According to Bloomberg, a WeWork IPO could potentially raise $3.5 billion. That would make it the second largest U.S. IPO this year, behind Uber (NYSE: UBER). Though negotiations are ongoing and the terms are not finalized, it is highly likely JPMorgan Chase and Goldman Sachs will underwrite …read more […]

Walmart’s earnings beat allays worry over tariff impact for now

August 15, 2019 admin Comments Off

U.S. retailer Walmart Inc reported an estimate-beating jump in second-quarter U.S. comparable sales on Thursday as shoppers spent more at its stores and websites, sending its shares up 5% in premarket trading.

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Futures rise in choppy trading, Walmart up on upbeat earnings

August 15, 2019 admin Comments Off

U.S. stock index futures turned positive in volatile trading on Thursday, as investors digested conflicting reports on U.S.-China trade dispute, while a jump in retail giant Walmart’s shares helped dispel early gloom.

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GE shares fall on report that cash situation worse than thought

August 15, 2019 admin Comments Off

General Electric shares fell 5% on Thursday after the Wall Street Journal reported that Harry Markopolos, a whistleblower in the Bernard Madoff Ponzi case, had alleged that company financial filings masked the depths of its problems.

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J.C. Penney posts smaller-than-expected loss; shares rise

August 15, 2019 admin Comments Off

J.C. Penney Co Inc posted a smaller-than-expected second-quarter loss on Thursday, as the struggling retailer’s efforts to cut costs and shutter unprofitable businesses paid off.

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Global stocks hurt by China’s trade threats, falling bond yields

August 15, 2019 admin Comments Off

China’s threat to impose counter-measures in retaliation for the latest U.S. tariffs knocked stocks sprawling on Thursday, checking earlier attempt to recover from a rout sparked by fears of a world recession.

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British pilots union calls on Ryanair for mediated talks as strikes loom

August 15, 2019 admin Comments Off

The British Airline Pilots Association (BALPA) called on Ryanair to meet for mediated talks to resolve a dispute on pay and benefits to avoid two multi-day stikes planned by their members from next week.

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J.C. Penney quarterly same-store sales fall short of expectations

August 15, 2019 admin Comments Off

J.C. Penney Co Inc reported a steeper-than-expected drop in quarterly comparable-store sales on Thursday, as the struggling department store operator stopped selling appliances and furniture in its stores.

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Oil deepens slide below $58 on recession fears, U.S. supply

August 15, 2019 admin Comments Off

Oil fell 3% to below $58 a barrel on Thursday, extending the previous session’s 3% drop, pressured by mounting recession concerns and a surprise boost in U.S. crude inventories.

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Alibaba results beat estimates on cloud, e-commerce growth

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China’s Alibaba Group Holding Ltd reported better- than-expected quarterly revenue and profit on Thursday, aided by growth in its e-commerce and cloud computing businesses.

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Walmart raises earnings forecast for year after jump in quarterly sales

August 15, 2019 admin Comments Off

U.S. retailer Walmart Inc on Thursday reported an estimate-beating jump in second-quarter U.S. comparable sales, and boosted its earnings forecast for the year.

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China’s trade threats deal fresh blow to world stocks

August 15, 2019 admin Comments Off

China’s threat to impose counter-measures in retaliation for the latest U.S. tariffs knocked stocks sprawling on Thursday, checking earlier attempt to recover from a rout sparked by fears of a world recession.

…read more […]

Oil deepens slide toward $58 on recession fears, U.S. supply

August 15, 2019 admin Comments Off

Oil fell 2% toward $58 a barrel on Thursday, extending the previous session’s 3% drop, pressured by mounting recession concerns and a surprise boost in U.S. crude inventories.

…read more […]