Business News
Oil prices dip as U.S. crude stocks and weak Chinese data weigh
Oil prices came under pressure on Thursday from rising U.S. crude oil stocks and weak factory activity in China, with few bullish factors on the horizon.
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Business News
India asks WhatsApp to explain privacy breach
India has asked Facebook-owned WhatsApp to explain the nature of a privacy breach on its messaging platform that has affected some users in the country, Information Technology Minister Ravi Shankar Prasad said on Thursday.
Business News
Facebook shares jump 5% after strong results
Shares of Facebook Inc rose nearly 5% on Thursday, a day after the social network reported its third straight rise in the pace of quarterly sales growth as well as an uptick in users in some of its most lucrative markets.
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Facebook shares jump 5% after strong results
Wall Street analysts gave a more mixed reception to the earnings report, with at least nine analysts raising their price targets on the stock, while at least five trimmed. Facebook, the world’s No. 2 seller of online ads, said that revenue would grow more slowly in the fourth quarter, at closer to about 20% to 25%, partly due to users choosing to limit the company’s ability to target ads to them using personal details. …read more […]
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We Think Melco Resorts & Entertainment (NASDAQ:MLCO) Is Taking Some Risk With Its Debt
The external fund manager backed by Berkshire Hathaway’s Charlie Munger, Li Lu, makes no bones about it when he says… …read more […]
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Why Mastercard Incorporated's (NYSE:MA) High P/E Ratio Isn't Necessarily A Bad Thing
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We’ll look at Mastercard… …read more […]
Business News
Wall Street set to open lower on trade concerns
Wall Street was set to open lower on Thursday as uncertainty around a potential trade deal between the United States and China overshadowed strong earnings reports from Apple and Facebook.
Business News
Stronger together: Fiat Chrysler and Peugeot plan world’s No.4 carmaker
Fiat Chrysler and Peugeot owner PSA plan to join forces in a 50-50 share merger to create the world’s fourth-largest automaker, seeking scale to cope with costly new technologies and slowing global demand.
Business News
Altria takes $4.5 billion charge as Juul investment sours amid vaping backlash
Altria Inc took a $4.5 billion hit from its investment in electronic-cigarette maker Juul Labs Inc on Thursday as it faced up to the financial fallout of a regulatory crackdown on the vaping industry this year.
Business News
Ukraine decries Nord Stream 2 approval, says it weakens Europe
Denmark’s decision to approve the Nord Stream 2 gas pipeline, designed by Moscow to bypass Ukraine, strengthens Russia and weakens Europe, Ukrainian President Volodymyr Zelenskiy said on Thursday.
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Edited Transcript of SO earnings conference call or presentation 30-Oct-19 12:00pm GMT
Q3 2019 Southern Co Earnings Call …read more […]
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Edited Transcript of MCK earnings conference call or presentation 30-Oct-19 12:00pm GMT
Q2 2020 McKesson Corp Earnings Call …read more […]
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Apple is in the midst of a bullish 'perfect storm': Piper Jaffray
Apple’s stronger-than-expected fourth quarter is setting the tech giant up for “a perfect storm” despite softer sales of its flagship device, research firm Piper Jaffray said on Thursday. …read more […]
Business News
Lazard axes 200 jobs after business review
Investment bank Lazard has axed about 200 employees after a review of its business, Chief Financial Officer Evan Russo said on Thursday.
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Have Insiders Been Selling Dynatrace, Inc. (NYSE:DT) Shares?
We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On… …read more […]