Trading Ideas
Netflix's Debt Funding Strategy Needs to Change
With the CFO on his way out, now may be a good time for the company to change the way it raises capital. …read more […]
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Business News
Wall St. opens higher on upbeat earnings, trade talk hopes
U.S. stocks opened higher on Thursday, helped by a string of robust earnings reports, a dip in the dollar and after China said it will hold trade talks with the United States later this month.
Business News
France backs Canadian for Air France-KLM CEO job as board meets
Air France-KLM was poised to appoint Benjamin Smith as its new chief executive on Thursday, after the French government backed the Air Canada second-in-command over union objections.
Business News
J.C. Penney shares dive 25 percent on forecast cut, weak results
Shares of U.S. retail chain J.C. Penney Co Inc sank below $2 for the first time on Thursday after it forecast a wider-than-expected full-year loss and posted disappointing results on the back of price cuts across product lines.
Trading Ideas
3 Terrible Reasons to Sell Pfizer Stock
Pfizer’s shares have been heating up, but now isn’t the time to take profits. Here’s why. …read more […]
Business News
Walmart’s U.S. comparable sales rise most in decade, shares soar
Walmart Inc on Thursday reported quarterly earnings and sales that topped estimates, as more shoppers visited its stores and a revamped website drove purchases online, sending its shares soaring more than 11 percent in premarket trade.
Business News
Wall St. to open higher on upbeat earnings, trade talk optimism
U.S. stock index futures rose on Thursday, helped by a string of robust earnings reports, a dip in the dollar and after China said it will hold trade talks with the United States later this month.
Business News
Bayer says can begin integration of Monsanto
Bayer can begin folding Monsanto into its organization as the antitrust-related sale of assets has been completed, fulfilling final requirements by the U.S. Department of Justice, the German drugmaker said on Thursday.
Business News
Shares, emerging market currencies steady after mauling
Bruised world shares and emerging market currencies fought to regain their footing on Thursday, after China said it will hold trade talks with the United States later this month and Turkey’s lira continued its recovery run.
Business News
Walmart’s second-quarter comparable sales rise most in a decade, shares soar
Walmart Inc on Thursday said its U.S. comparable sales grew the most in a decade and its e-commerce sales grew 40 percent, higher than 33 percent growth in the previous quarter, sending its shares up nearly 11 percent in premarket trade.
Business News
Kroger begins tests of driverless grocery delivery in Arizona
U.S. supermarket operator Kroger Co said it will start testing driverless grocery delivery on Thursday with technology partner Nuro at a single Fry’s Food Store in Scottsdale, Arizona.
Trading Ideas
Twitter CEO Jack Dorsey doubles down on his criticism of Facebook and YouTube while defending Alex Jones' right to keep tweeting (TWTR)
Jack Dorsey doubled down on his criticism of Facebook and YouTube for removing Infowars host Alex Jones. In a new interview with NBC News, the Twitter CEO said his peers had been “inconsistent” in their handling of Jones. …read more […]
Business News
J.C. Penney same-store sales miss estimates, shares tumble
J.C. Penney Co Inc on Thursday reported sales at established stores below analysts’ estimates as the department store chain discounted heavily to clear inventory, sending its shares down 15 percent.
Business News
Walmart’s U.S. e-commerce, comparable sales growth strong, shares jump
Walmart Inc on Thursday posted a 40 percent rise in U.S. e-commerce sales, higher than the 33 percent growth witnessed in the previous quarter, and its comparable sales grew the most in a decade, sending its shares up 9 percent in premarket trade.
Business News
Futures rebound on strong earnings, trade talk hopes
U.S. stock index futures rose on Thursday, helped by upbeat earnings, a dip in the dollar and after China said it will hold trade talks with the United States later this month.