Snap shares touched a record low of $10.49 apiece on Tuesday. Social-media stocks will remain in focus this week, with Twitter CEO Jack Dorsey and Facebook’s chief operating officer, Sheryl Sandberg, set to testify before Congress. Snap shares pushed lower Tuesday for a fifth straight session, touching a record low of $10.49 apiece. …read more […]
A U.S. arbitration court has rejected a petition filed by the German government arguing that the U.S. court had no right to rule on a damages claim by Sweden’s Vattenfall over a decision to pull out of nuclear power, a newspaper reported.
Citigroup Inc’s longtime Chief Financial Officer John Gerspach will retire in March, to be replaced by Mark Mason, CFO of the institutional clients group, the third-largest U.S. bank told employees on Tuesday.
Nike, Nordstrom, and Roku shares are the Yahoo Finance charts of the day. …read more […]
The Getty family said on Tuesday it would acquire Carlyle Group’s majority stake in photo agency Getty Images Inc.
The Permian Gulf Coast pipeline could start up by the middle of 2020. …read more […]
Mercedes showed on Tuesday how it is “aggressively” gunning for top spot in upscale battery cars market currently dominated by Tesla, as it unveiled the EQC, its first fully electric car, at an event in Stockholm.
Top automakers pointed to a small increase in U.S. auto sales in August including another sharp rise in SUV sales, as low unemployment and strong consumer confidence helped mitigate the impact of rising interest rates and fuel prices.
The controversy surrounding Nike Inc.’s new Colin Kaepernick ad can’t be a surprise to the sportswear company. In less than 24 hours since Kaepernick first revealed the spot on Twitter, Nike received more than $43 million worth of media exposure, the vast majority of it neutral to positive, according to Apex Marketing Group. What’s more, he said, the move sends a strong signal to their current roster of athletes and positions Nike as a savvy risk-taker. …read more […]
Amazon.com Inc on Tuesday joined Apple Inc in the $1 trillion club, becoming the second member of the group after its stock price doubled in 15 months.
If the online retailer’s share price continues at its recent pace, it will be a matter of when, not if, Amazon’s market valuation eclipses that of iPhone maker Apple, which reached $1 trillion on Aug. 2. Apple took almost 38 years as a public company to achieve the trillion dollar milestone, while Amazon got there in 21 years. While Apple’s iPhone and other devices remain popular and its revenues are growing, it is not keeping up with Amazon’s blistering sales growth. …read more […]
Oil prices rose on Tuesday as the market prepared for potential supply disruptions due to a hurricane forecast to hit the U.S. Gulf Coast, but gains were capped by a report that Cushing, Oklahoma, stockpiles rose last week.
U.S. stocks were lower on Tuesday, with declines in Facebook, internet stocks and Nike leading to a bumpy start to September, as investors also grappled with rising trade uncertainties.
The U.S. economy is growing at a 4.7 percent annualized rate in the third quarter, the Atlanta Federal Reserve’s GDPNow forecast model showed on Tuesday, following the latest data on construction spending and factory activity.
Let’s check out the Yahoo Finance charts of the day.
Nike (NKE): Shares are down in early trade, at around 2.1%. Colin Kaepernick is featured in Nike’s new ad campaign as it begins celebrating the 30th anniversary of its “Just Do It” campaign. Kaepernick was the first NFL player to kneel during the national anthem as a form of protest.
Nordstrom (JWN): Shares up here, at around 1.1%. Goldman Sachs rated the retailer’s stock a “buy” in new coverage. The investment bank noted Nordstrom’s premium offerings and operation of both a full-price business as well as an off-price format.
Roku …read more […]
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