Ferrari’s new boss Louis Camilleri has big shoes to fill but the tobacco industry veteran may have just what is needed to steer the luxury sportscar maker through its next lap, analysts and industry insiders said.
The Chinese dot-com pioneer trades at its lowest level since the springtime of 2007 after another disappointing financial report. …read more […]
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains breaks down Under Armour’s (UAA) second quarter financial results and dives into the sportswear firm’s future as it spends millions to revamp its business. …read more […]
Shares of Tesla (TSLA) sunk Monday on the back of a UBS analyst note that said the electric car company’s stock price could fall by more than 30% over the next 12 months as it is forced to seek outside funding. …read more […]
The dollar slipped against the euro on Monday ahead of key central bank monetary policy meetings this week and a gauge of global equity markets fell, pulled down by a slide in U.S. technology heavyweights.
The shale giant expects to announce results after markets close on Tuesday. …read more […]
American Express Co raised currency conversion rates for business clients without notifying customers in an attempt to boost revenue and employee commission, the Wall Street Journal reported on Monday, citing people familiar with the matter.
U.S. Secretary of State Mike Pompeo on Monday announced $113 million in new technology, energy and infrastructure initiatives in emerging Asia at a time when China is pouring billions of dollars in investments into the region.
AbbVie’s downward spiral is unwarranted. Here’s why. …read more […]
The Nasdaq Composite fell more than 1 percent on Monday for the third straight session, as disappointing forecasts from a clutch of technology and internet companies fueled worries about the continued growth of the high-flying tech sector.
Twitter Inc (NYSE: TWTR ) stock continued to fall, dropping 5.7 percent on Monday on the heels of a huge 20.5 percent loss on Friday. But some Wall Street analysts are taking a more bullish view of TWTR … …read more […]
Contracts to buy previously owned homes unexpectedly rose in June after two straight monthly declines, but the housing market remains hobbled by a dearth of properties available for sale. The National Association of Realtors said on Monday its Pending Home Sales Index, based on contracts signed last month, increased 0.9 percent to a reading of 106.9. Pending home sales fell 2.5 percent in June from a year ago. …read more […]
Paul Manafort, President Donald Trump’s onetime campaign chairman, earned more than $60 million as a political consultant in Ukraine, U.S. Special Counsel Robert Mueller said on the eve of his criminal trial, providing the first tally of Manafort’s income there. Prosecutors intend to prove that Manafort made that much and “failed to report a significant percentage of it on his tax returns,” according to a filing by Mueller on Monday in federal court in Alexandria, Virginia. Jury selection begins Tuesday in Manafort’s bank- and tax-fraud trial. …read more […]
Deutsche Bank has moved the clearing of a “large part” of new euro-denominated derivatives trades from London to Frankfurt, as financial firms ramp up their Brexit preparations.
Tesla Inc is in talks with authorities in Germany and the Netherlands to build its first major European factory, the Wall Street Journal reported on Monday, citing officials involved in the matter.
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