Global consumer goods companies are banking on fast-growing emerging markets to drive their growth, so signs on Thursday that sales have come off the boil in the once-booming economies of China and India could set alarm bells ringing.
Railroad operator Union Pacific Corp on Thursday reported a lower-than-expected quarterly profit, hit by a lower crude shipments.
Dave & Buster’s Entertainment Inc has replaced Impossible Foods’ plant-based burgers with smaller rival Lightlife’s burgers across its U.S and Canada outlets, the restaurant chain said on Thursday.
Morgan Stanley beat estimates for quarterly profit on Thursday, buoyed by higher revenue from bond trading and M&A advisory fees, sending its shares up 4% in premarket trading.
Wall Street cheered a rebound in Netflix subscribers in the third quarter, driving shares in the firm 9% higher on Thursday even as analysts warned conservative estimates for the next three months may be a hint of less certain times ahead.
The video-streaming pioneer is bracing for the launch this month of Walt Disney Co’s Disney+ and Apple Inc’s Apple TV+ after years when it has been left largely to develop and garner content from Hollywood studios unthreatened. “In the race to capture the major share of audience in the global market, nobody is close to where Netflix is,” said James Fattal, an analyst with financial markets platform Investing.com. …read more […]
Passengers with Norwegian Air and New York’s JetBlue Airways will be able to fly between Europe and the United States and make connecting flights on a single booking, under a planned partnership.
It’s only natural that many investors, especially those who are new to the game, prefer to buy shares in ‘sexy’ stocks… …read more […]
A shipping themed ETF has been quietly outperforming as tanker rates surged to record heights amidst a spike in geopolitical uncertainty. …read more […]
Wall Street was set for a higher open on Thursday, after Britain struck a preliminary last-minute deal with the European Union helping to ease some geopolitical jitters, while upbeat earnings from Netflix and Morgan Stanley affirmed a strong start to the reporting season.
British Prime Minister Boris Johnson said “we have a great new Brexit deal,” lifting the mood across global equities, while he is yet to receive approval for the agreement in a vote at a session of the British parliament on Saturday. “Although, the agreement reached between the U.K. and EU needs to be approved by the British parliament, the headline news coupled with U.S. earnings should boost market sentiment,” said Peter Cardillo, chief market economist at Spartan Capital Securities in a client note. …read more […]
We wouldn’t blame Micron Technology, Inc. (NASDAQ:MU) shareholders if they were a little worried about the fact that… …read more […]
Morgan Stanley beat estimates for quarterly profit on Thursday, buoyed by higher revenue from bond trading and M&A advisory fees.
A slowdown in India and China put a brake on Unilever’s quarterly sales growth, highlighting the challenges facing Chief Executive Alan Jope as he tries to boost the consumer goods giant’s business in emerging markets.
Confirmation of a new Brexit deal lit a fire under Europe’s financial markets on Thursday, sending sterling to a five-month high, European stocks to a year-and-a-half peak and causing safe-haven assets to plummet.
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