Trading Ideas
Verizon Reports Strong Second-Quarter Results as Lowell McAdam Retires
Big Red is on schedule with its upcoming 5G launch. …read more […]
Articles by admin
Business News
Ivanka Trump shutting namesake brand
Ivanka Trump is winding down her namesake apparel brand, the company said, a year after U.S. President Donald Trump’s daughter separated herself from the company and entered the White House as a senior adviser.
Trading Ideas
Will Data Scandals Impact Facebook's (FB) Q2 User Growth?
Facebook (FB) saw its stock price hit yet another new high Tuesday one day before the social media company is set to report its second-quarter financial results. Investors are likely looking at top and bottom line estimates in preparation, but what they also need to understand is what to expect from Facebook’s user growth amid the wave of data scandal backlash. …read more […]
Trading Ideas
China's Likely Retaliation to US Tariffs & Its Impact on ETFs
Possible retaliatory ways of China against Trump administration’s claims of imposing tariffs on about $505 billion of goods and its ETF impact. …read more […]
Business News
U.S. to narrow opioid bribe case against Insys founder, others
U.S. prosecutors on Tuesday said they will narrow a case against several former Insys Therapeutics Inc executives accused of bribing doctors to prescribe a potent opioid after a federal judge questioned the scope of the indictment charging them.
Business News
Wall Street lifted by Alphabet; oil, metal prices boost
The Nasdaq Composite hit a record high on Tuesday as Alphabet’s blowout results sparked a rally in high-growth stocks and bolstered expectations of a robust earnings season, while a rise in oil and metal prices boosted energy and material companies.
Business News
Ford follows GM’s Cruise move with self-driving spinoff
Ford Motor Co said on Tuesday it was creating a separate $4 billion unit to house its self-driving vehicle operations and is seeking outside investors, following a similar move in late May by Detroit rival General Motors Co with its Cruise Automation unit.
Business News
Lilly plans Elanco IPO, posts quarterly profit above estimates
Eli Lilly and Co said on Tuesday it would take its Elanco animal health business public and posted a better-than-expected quarterly profit, helped by demand for its diabetes drugs Trulicity and Humalog.
Business News
Alphabet lifts Nasdaq to record high; oil, metal prices boost
The Nasdaq Composite hit a record high on Tuesday as Alphabet’s blowout results sparked a rally in high-growth stocks and bolstered expectations of a robust earnings season, while a rise in oil and metal prices boosted energy and material companies.
Business News
Factbox: Strong U.S. dollar hurts U.S. firms across multiple industries
A rapid rise in the dollar has hurt second-quarter financial results and some U.S. companies are warning that the pressure could persist in future quarters.
Smart Money
Doug Kass: Market is Under-pricing Risk, So I’m Selling.
Doug Kass, who famously called the 2009 bottom of the S&P at 666, is again bearish. New risks include the “Orange Swan”. Full Story here
Business News
Verizon beats profit, revenue estimates, misses on subscribers
Verizon Communications Inc on Tuesday reported quarterly profit and revenue that topped estimates but added fewer-than-expected monthly subscribers amid a dearth of special promotions.
Business News
Verizon beats quarterly estimates as subscriptions jump; shares up
Verizon Communications Inc reported better-than-expected quarterly profit and revenue on Tuesday as the No. 1 U.S. wireless carrier attracted more subscribers with unlimited data plans, sending shares higher in premarket trading.
Business News
Ford to invest $4 billion in new self-driving vehicle unit
Ford Motor Co said it would invest $4 billion through 2023 in its newly formed autonomous vehicle unit, Ford Autonomous Vehicles LLC, as it looks to produce self-driving cars in the next three years.
Business News
Biogen easily tops Street estimates on Spinraza sales, raises forecast
Biogen Inc reported far better-than-expected second quarter profit on Tuesday, driven by strong demand of its Spinraza muscle disease treatment, and the U.S. biotech company raised its full-year profit forecast.