Sterling slid on Monday after the resignation of the British foreign minister heaped pressure on Prime Minister Theresa May, but its losses were expected to be contained unless a full-blown leadership challenge materialized.
Twitter Inc.’s stock is trending, and it’s not up for sure. Traders fear that Twitter Inc.’s decision to suspend more than one million fake accounts per day will haunt the social platform’s number of monthly active users, sending the stock down as much 8.2 percent Monday as of 10:44 a.m. The share drop follows Friday’s post-market when the Washington Post that said the company’s rate of account suspensions has more than doubled since October 2017. The “volume of fake account deletion, albeit good for longer term, raises uncertainty on near-term user growth expectations,” wrote Bloomberg Intelligence analyst Jitendra …read more […]
Tesla Inc has raised prices on its Model X and S cars by over $20,000 in China, automotive news website Electrek reported on Monday, making it one of the first U.S. carmakers to hike prices in the wake of rising trade tensions.
Former Starbucks chairman hints toward a partnership with Alibaba. Meanwhile, it announced that it will get rid of plastic straws by 2020. Yahoo Finance’s Alexis Christoforous, Rick Newman and Melody Hahm break down the details. …read more […]
While most energy stocks have been red-hot this year thanks to higher oil prices, some have surprisingly gone in the opposite direction. …read more […]
The utility’s ability to execute its growth plans has become increasingly uncertain this year. …read more […]
Citigroup Inc is facing a unique dilemma among the four largest U.S. banks: it is light on deposits from individuals, an important funding source that costs little and tends to stick around. While big rivals grew deposits dramatically after the 2007-2009 financial crisis from their broad networks of branches, Citigroup backed out of all but six U.S. cities and closed one-third of its branches. Executives hope it can lure deposits without opening new branches, acquiring a rival or beating competitors’ rates – three ways to collect deposits with their own costs and risks. …read more […]
Apple has released a handful of new ads promoting the iPad’s portability and …read more […]
BEIJING (AP) — China’s options to retaliate in its spiraling dispute with Washington go beyond matching U.S. tariff hikes to targeting American companies and government debt. …read more […]
U.S. stock indexes opened higher on Monday, on track for third day of gains in a row, after last week’s strong U.S. jobs data helped investors brush aside trade concerns.
Norway has rejected a suggestion it is holding up Tesla’s efforts to improve service in its third-biggest market, saying the electric carmaker has not yet applied to use the mobile service vans it says it needs to solve its problems.
Investors in Netflix (NFLX) need to pay close attention to the stock based on moves in the options market lately. …read more […]
U.S. stock futures pointed to opening gains for Wall Street on Monday after healthy U.S. jobs data last week helped investors look past rising trade tensions between the United States and China.
Intel’s trying to expand its share in Apple’s iPhones at Broadcom’s expense. …read more […]
Chesapeake Energy (CHK) is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. …read more […]
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