Trading Ideas
China Mobile's Two Main Rivals Could Merge Soon
China could turn its telecom market into a duopoly. …read more […]
Month: September 2018
Business News
Tesla, Musk sought to ‘burn’ Citron, other short-sellers: lawsuit
The prominent short-seller Andrew Left has sued Tesla Inc and its Chief Executive Elon Musk, saying Musk fraudulently engineered his since-abandoned plan to take Tesla private to “burn” investors hoping the electric car company’s stock price would fall.
Business News
CBS negotiating Moonves’ exit and Viacom merger standstill: sources
Media company CBS Corp’s board is in talks with Chief Executive Officer Les Moonves to negotiate his exit, a source familiar with the matter said on Thursday.
Business News
Apple to provide online tool for police to request data: letter
Apple Inc plans to create an online tool for police to formally request data about its users and to assemble a team to train police about what data can and cannot be obtained from the iPhone maker, according to a company letter seen by Reuters.
Trading Ideas
Finisar (FNSR) Q1 Earnings and Revenues Beat Estimates
Finisar (FNSR) delivered earnings and revenue surprises of 50.00% and 0.43%, respectively, for the quarter ended July 2018. Do the numbers hold clues to what lies ahead for the stock? …read more […]
Trading Ideas
Tesla shares briefly bounce back after Musk retweets strong EV sales report
A rollercoaster ride for Tesla — first shares were up earlier in the day after CEO Elon Musk retweeted a favorable sales report by InsideEVs, which said Tesla was “1st, 2nd & 3rd in August sales” among electric car automakers.
But then shares paired gains following news that short seller Andrew Left of Citron Research filed a class action lawsuit against Tesla and Elon Musk for violating federal securities laws. …read more […]
Trading Ideas
2 Stocks to Buy in September With Double-Digit Dividend Growth
Dividend income is nice. But it’s even better when it’s growing. …read more […]
Business News
Trade jitters and tech woes weigh on S&P, Nasdaq
The S&P 500 and Nasdaq declined on Thursday as the possibility of more U.S. tariffs on Chinese imports loomed, while tech stocks stumbled, led by chipmakers and concerns about increased regulation of social media companies.
Trading Ideas
Finisar: Fiscal 1Q Earnings Snapshot
SUNNYVALE, Calif. (AP) _ Finisar Corp. (FNSR) on Thursday reported a fiscal first-quarter loss of $18.5 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Sunnyvale, California-based company said it had a loss of 16 cents. The results exceeded Wall Street expectations. …read more […]
Business News
Fed likely to need to hike rates ‘a bit beyond neutral’: Evans
The Federal Reserve will likely have to raise interest rates past the neutral rate to keep the economy on a sustainable growth path and inflation around target, according to Chicago Federal Reserve Bank President Charles Evans.
Business News
Broadcom quarterly profit beats on data center demand
Broadcom Inc reported third-quarter profit above analysts’ estimates and the chipmaker forecast current-quarter revenue largely above expectations, driven by strong performance of its enterprise storage business.
Business News
Trade war uncertainty drags on global stock markets
Stock markets around the world declined on Thursday and emerging market stocks fell for the sixth day as investors shied away from risk and braced for an escalation in a trade conflict between the United States and China.
Business News
British Airways website suffers data breach; 380,000 payments affected
Financial data has been stolen from potentially hundreds of thousands of British Airways customers who made online bookings in recent weeks, extending a run of embarrassing technological mishaps suffered by the UK flag carrier.
Trading Ideas
Why Micron Technology, Twitter, and Wynn Resorts Slumped Today
Find out which of these stocks came under the most pressure. …read more […]
Business News
S&P 500, Nasdaq end lower; tech stocks decline
The S&P 500 and Nasdaq declined on Thursday as the possibility of more U.S. tariffs on Chinese imports loomed and as tech stocks stumbled on warnings from chipmakers and concerns about increased regulation of social media companies.