Trading Ideas
JP Morgan says Twitter is a top pick into earnings Friday
J.P. Morgan reiterates its overweight rating for Twitter shares, predicting the company will generate second-quarter sales above expectations. …read more […]
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Trading Ideas
The Latest: Trump says it’s ‘sad’ Cohen recorded him
President Donald Trump is firing back at his longtime personal attorney Michael Cohen after the release of a recording Cohen secretly made of a conversation between the two men. The tape, made two months before the 2016 presidential election, captures Trump discussing a potential payment for a former Playboy model’s account of having an affair with him. The tape appears to contradict the Trump campaign’s later claim that Trump knew nothing about payments to a media company to keep model Karen McDougal’s story from becoming public. …read more […]
Business News
Study warns of rising hacker threats to SAP, Oracle business management software
At least a dozen companies and government agencies have been targeted and thousands more organizations are exposed to data breaches by hackers exploiting old security flaws in management software, two cyber security firms told Reuters.
Business News
Fiat Chrysler’s Marchionne dies, shares dive on profit slide
Former Fiat Chrysler chief executive Sergio Marchionne has died after a 14-year career in which he helped to rescue the carmaker, the news arriving on Wednesday moments before the group reported a surprisingly heavy fall in profit.
Business News
Boeing cuts full-year forecast for defense business, shares fall
Boeing Co reported a better-than-expected profit on Wednesday, but cut its full-year forecast for margins in its defense business, citing higher costs in the KC-46 aerial refueling tanker program.
Business News
Fiat Chrysler cuts 2018 outlook, shares tumble
Fiat Chrysler reported second-quarter operating profit below expectations on Wednesday, sending its shares sharply lower as the carmaker cut its full-year outlook in response to a weaker performance in China.
Business News
Coca-Cola results beat on higher Diet Coke, Zero Sugar demand
Coca-Cola Co topped Wall Street estimates for quarterly sales and profit on Wednesday, as more consumers reached out for its Zero Sugar brand and the new version of Diet Coke.
Business News
Fiat Chrysler CEO’s health crisis forced succession scramble
Former Fiat Chrysler Chief Executive Sergio Marchionne for more than a year assured investors that he and the automaker’s board were working on an orderly succession plan ahead of his expected departure in 2019.
Business News
Insurer Anthem profit beats estimates on lower patient costs
Anthem Inc raised its full-year adjusted earnings forecast, as the health insurer reported better-than-expected profit on Wednesday, driven by higher premiums and lower patient medical costs.
Business News
Futures drop as Boeing, GM results disappoint
Disappointing reports from Boeing and General Motors pushed U.S. stock index futures lower on Wednesday, ahead of a closely watched meeting between President Trump and European Union officials on trade.
Business News
Trump tariffs bite into GM 2018 profit forecast, stock falls
General Motors Co on Wednesday lowered its full-year 2018 earnings forecast, citing higher steel and aluminum costs as a result of tariffs imposed by U.S. President Donald Trump’s administration, sending its shares down more than 5 percent in pre-market trading.
Business News
Boeing expects higher costs to hurt defense margins
Boeing Co reported a better-than-expected profit on Wednesday, but cut its full-year forecast for margins in its defense business citing higher costs in the KC-46 aerial refueling tanker program.
Business News
Sergio Marchionne, the Fiat Chrysler boss who liked to fix things
Sergio Marchionne was one of the auto industry’s most demanding and tenacious chief executives and he rescued Fiat and Chrysler, two of its most storied brands.
Trading Ideas
Fiat Chrysler cuts 2018 outlook, shares tumble
Fiat Chrysler on Wednesday reported second-quarter operating profit below expectations and revised downwards part of its full-year outlook, sending its shares down more than 10 percent. The earnings were … …read more […]
Business News
Coca-Cola tops sales estimates on higher Diet Coke demand
Coca-Cola Co topped Wall Street estimates for quarterly sales on Wednesday, driven by the success of new versions of Diet Coke and demand for Zero Sugar brand.