Trading Ideas
Can Blue Apron Stock Bounce Back After Last Week's 20% Drop?
The meal-kit provider closed lower every single day last week, but the stock has still soared more than 80% since bottoming out in April. …read more […]
Month: July 2018
Business News
Hasbro results beat as toymaker moves past Toys ‘R’ Us collapse
Toymaker Hasbro Inc topped Wall Street estimates for profit and revenue in the second quarter as it emerged from the worst effects of last year’s Toys ‘R’ Us bankruptcy, sending its shares up nearly 12 percent.
Business News
Halliburton revenue beats on strong North American activity
Oilfield services provider Halliburton Co on Monday reported a 24 percent increase in quarterly revenue, narrowly beating analysts’ estimates, as higher oil prices sparked a surge in U.S. crude production activity.
Business News
Fiat Chrysler loses another executive after Marchionne illness
Fiat Chrysler’s European boss has quit, adding to the problems facing new CEO Mike Manley who must deliver on promises to boost production of SUVs and catch up with rivals in electric cars.
Business News
Exxon expects more oil from Guyana’s offshore block
Exxon Mobil Corp and its partners now expect the large Stabroek oil block offshore Guyana to contain about 25 percent more recoverable resources than estimated, they said on Monday.
Trading Ideas
Tesla shares drop on report that it asked suppliers for refunds
Tesla has asked some suppliers to refund money paid by the electric car maker since 2016, the Wall Street Journal reported on Sunday citing a memo. The memo, which the paper said was sent by a global supply manager, described the request as essential to Tesla’s continued operation and characterized it as an investment in the car company to continue the long-term growth between both players. Tesla could not be immediately reached for comment, although the WSJ quoted the company as confirming it is seeking price reductions for projects, some of which date back to 2016. …read more […]
Trading Ideas
Iran dismisses Trump’s explosive threat to country’s leader
Iranians on Monday shrugged off the possibility that a bellicose exchange of words between President Donald Trump and his Iranian counterpart could escalate into military conflict, but expressed growing concern America’s stepped-up sanctions could damage their fragile economy. In his latest salvo, Trump tweeted late on Sunday that hostile threats from Iran could bring dire consequences. Within hours, Iran’s state-owned news agency IRNA dismissed the tweet, describing it as a “passive reaction” to Rouhani’s remarks. …read more […]
Business News
Bond yields rise worldwide on BoJ easing talk, stocks slip
Signs that the Bank of Japan (BoJ) might scale back its monetary stimulus faster than expected sent tremors through bond markets on Monday, while European stocks and U.S. futures slipped as threats of further U.S. tariffs on China drained risk appetite.
Business News
Stock futures flat as caution reigns in earnings-heavy week
U.S. stock index futures were flat on Monday as investors assessed the impact of an escalating trade conflict between the United States and China on corporate results in an earnings-heavy week.
Business News
Facebook to double office presence in London
Facebook said on Monday it would double its presence in London, acquiring nearly 600,000 square feet (56,000 square meters) of office space across two buildings in King’s Cross – enough for more than 6,000 workstations.
Business News
Tesla shares drop after report on supplier talks
Shares of Tesla Inc fell more than 4 percent in trading before the bell on Monday, after a report that the electric car maker has turned to some suppliers for a refund of previously made payments in a bid to turn a profit.
Business News
Halliburton revenue beats on higher North America rig count
Oilfield services provider Halliburton Co’s quarterly revenue rose 24 percent to beat analysts’ estimates on Monday as higher oil prices encouraged U.S. oil and gas producers to put more rigs to work.
Business News
Magna-BAIC deal raises prospects for an ‘automotive Foxconn’ in China
In China, where the future of the car is looking more and more electric, newcomers to the auto industry are looking for partners to help them build their vehicles.
Business News
Halliburton revenue jumps 24 percent
Oilfield services provider Halliburton Co’s quarterly revenue jumped 24 percent on Monday as higher oil prices encouraged U.S. oil and gas producers to put more rigs to work.
Business News
Blackstone wins EU approval to buy Thomson Reuters unit
U.S. private equity firm Blackstone Group has secured EU antitrust approval to acquire a majority stake in Thomson Reuters’ Financial and Risk unit, the European Commission said on Monday.