Trading Ideas
Chesapeake Energy Corporation Delivers a Solid but Unspectacular Quarter
The oil and gas driller continues to make slow and steady progress on its turnaround plan. …read more […]
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Trading Ideas
Why Emerge Energy Services LP Is Slumping Today
The frack sand producer had some disappointing news. …read more […]
Business News
Major automakers report drop in U.S. vehicle sales for July
Major automakers on Wednesday reported lower U.S. new vehicle sales for July amid steep declines in passenger cars, except Fiat Chrysler Automobiles NV (FCA) , which said its sales climbed 6 percent.
Business News
Sprint beats profit estimates, says higher prices could affect growth
Sprint Corp on Wednesday topped analysts’ estimates for quarterly profit and new wireless subscribers, but said the higher prices for its revamped phone plans could affect future growth.
Business News
GM taps former Trump aide to head lobbying efforts
General Motors Co said on Wednesday it has tapped a former Trump administration economic and trade adviser to head its public policy efforts.
Business News
Tesla plans to raise funds for its China factory: Bloomberg
Tesla Inc is looking to raise a portion of the $5 billion it needs to build its factory in Shanghai from local Chinese partners, Bloomberg reported on Wednesday, citing a source familiar with the matter.
Business News
U.S. factory activity slows; private payrolls increase
U.S. manufacturing activity slowed in July amid signs that a robust economy and import tariffs were putting pressure on the supply chain, which could hurt production in the long term.
Business News
Apple shares hit record as bright forecast highlights future demand
Shares of Apple Inc hit a record high on Wednesday and neared a $1 trillion valuation, after the company forecast blowout current-quarter sales and analysts said a September launch of new iPhones set the stage for sustained growth.
Trading Ideas
All eyes on Tesla with earnings due
Tesla is set to release earnings after the bell, and it could be a make-or-break moment for the electric car maker. Yahoo Finance’s Alexis Christoforous, Melody Hahm and Ethan-Wolff Mann explain. …read more […]
Business News
CEO to take break from running Germany’s Uniper for cancer treatment
The chief executive of Germany’s Uniper , Klaus Schaefer, will take a break from running the company while he is being treated for cancer, the utility said.
Business News
Apple’s strong earnings lift Wall Street, ease trade worries
U.S. stocks rose on Wednesday as Apple’s robust earnings report boosted shares of technology companies and eased worries over an escalating trade war between the United States and China.
Business News
Wall Street opens higher as Apple lifts tech stocks
U.S. stocks opened higher on Wednesday after Apple’s strong earnings boosted technology companies and helped ease concerns over future growth of the tech sector.
Business News
Volkswagen says WLTP could cause burden of more than 1 billion euros
Resolving bottlenecks caused by tougher emissions rules could cost Volkswagen more than 1 billion euros, Chief Financial Officer Frank Witter said on Wednesday.
Business News
Exclusive: Nissan close to settling dispute with India over unpaid incentives
Nissan Motor Co and authorities in an Indian state are close to settling a dispute over which the Japanese carmaker initiated international arbitration seeking more than $729 million in unpaid dues and damages, sources told Reuters.
Business News
Sanofi, Novartis latest to stockpile drugs in case of no-deal Brexit
Sanofi and Novartis said on Wednesday they planned to increase stockpiles of medicines Britain in preparation for potential disruption if the UK crashes out of the European Union without a deal.