Fifteen Asia-Pacific countries have concluded negotiations for a trade pact that would be among the world’s largest, but India still has “significant outstanding issues” before it is ready to sign on, the countries’ leaders said on Monday.
Sprint Corp on Monday reported a lower-than-expected drop in quarterly mobile phone subscribers who pay a monthly bill as it ramps up its 5G coverage in the United States.
Existing securities rules could apply to “stablecoin” digital currency initiatives such as Facebook’s Libra project to help realize its benefits, global securities watchdog IOSCO said on Monday as policymakers examine whether new regulation is needed.
Analysts were expecting a net loss of 145,000 subscribers, according to research firm FactSet. Sprint, the fourth largest wireless carrier by subscribers, has been aggressive in its 5G push, offering the faster mobile technology in nine cities and bundling it with media content like Hulu and Amazom.com Inc’s Prime. Net loss attributable to the company was $274 million, or 7 cents per share, in the quarter ended Sept. 30, compared with a net income of $196 million, or 5 cents per share, a year earlier. …read more […]
Ferrari raised its full-year forecasts on Monday after strong sales of its Portofino and 812 Superfast sportscars produced “solid” third quarter results, lifting its shares.
Anyone researching Flexion Therapeutics, Inc. (NASDAQ:FLXN) might want to consider the historical volatility of the… …read more […]
In a letter to investors before its share price plunged last week, online food delivery service GrubHub Inc cited its profitable ties with small and medium-sized restaurants, saying they generate 80% of the orders on its platform.
U.S. stock index futures rose on Monday, buoyed by hopes of a U.S.-China trade deal and an improving domestic economy that led the S&P 500 and Nasdaq to record highs last week.
The world’s largest oil producer, Saudi Aramco, has announced its intention to float in Riyadh in what could be the biggest stock market listing in history.
Saudi Aramco’s blockbuster listing remained shrouded in mystery on Monday, a day after the company finally announced its plans, with scant details disclosed and expert valuations varying wildly from around $1.2 to $2.3 trillion.
The Indian arm of U.S.-based Burger King filed for a local initial public offering (IPO) to raise up to 4 billion rupees ($56.6 million) on Monday, as it looks to open more restaurants in a country where international fast-food brands are gaining in popularity.
Oil prices crept upwards on Monday, with Brent reaching its highest in more than a month after the previous day’s boost from growing expectations of a U.S.-China trade deal and Iran flagging OPEC discussions of a deeper output cut next month.
World shares touched a 21-month high on Monday on signs that the United States and China could soon put an end to a damaging trade war as well as indications that the world may yet dodge an economic recession.
Today we’ll look at Skyworks Solutions, Inc. (NASDAQ:SWKS) and reflect on its potential as an investment. In… …read more […]
There’s no sense denying the fact that investors are relieved by the results so far in Q3 earnings season. Through the summer there were growing signs of a general slowdown in the global economy, and market watchers had expected Q3 results to come in below par. So far, that hasn’t happened – results are good.To date, 341 S&P 500 companies have released their quarterly performance. While aggregate earnings are down 0.6%, that is more than balanced by 4.9% gain in revenues. Of the companies that have reported so far, 60% beat the revenue forecasts and 74% showed EPS beats. These …read more […]
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