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Gold Prices Modestly Gain on Tuesday

Stocks0 Comments Gold prices were lifted higher on Tuesday after erasing losses during early morning sessions. December gold futures gained USD 1.20 per ounce to USD 1,473.10 during late afternoon sessions. Early morning on Monday, gold erased...

Home Depot Misses Revenue Estimates, Cuts 2019 Outlook

Stocks0 Comments Shares of Home Depot, Inc. (NYSE: HD) are down about 5% on Tuesday after the company cut its 2019 forecast and reported same-store sales that fell short of estimates. Home Depot also posted revenue that missed analysts’ targets....

Hong Kong Market Rebounds on Trade Talks After Violent Week

Stocks0 Comments Hong Kong’s Hang Seng index tumbled last week by as much as 1,300 points or 4.7% as the protests continued to escalate and as the U.S.-China trade war continued to pound on global economies. Last week, Asian markets edged lower...

Coty Buys Majority Stake in Kylie Cosmetics

Stocks0 Comments Shares of beauty giant Coty Inc. (NYSE: COTY) are up about 2% on Monday after the company announced it will take a majority stake in Kylie Cosmetics. The deal, expected to close in the third quarter of fiscal 2020, gives Coty a...

Ford Announces its First All-Electric SUV

Stocks0 Comments Ford Motor Co. (NYSE: F) on Thursday announced it will be unveiling its first all-electric SUV on November 17 at an event in Los Angeles. The Mustang Mach-E will make its debut in a worldwide streaming event. Following the...

U.S. Consumer Prices Rise 0.4% in October

Stocks0 Comments Consumer prices rose a seasonally adjusted 0.4% in October, the Labor Department said Wednesday. Households paid more for energy products, healthcare, food and a range of other goods. The Consumer Price Index (CPI), which...

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Marriott Shares Rise on Mixed Quarterly Results

Blog0 Comments Shares of Marriott International Inc. (NASDAQ: MAR) are up about 2% on Tuesday after the company reported third quarter revenue that topped expectations, but earnings that fell short. The world’s largest hotel operator said revenue...

McDonald’s Fires CEO After Relationship With Employee

Blog0 Comments McDonald’s Corp. (NYSE: MCD) Chief Executive Officer Steve Easterbrook was fired and banned from working at a rival restaurant chain for two years after the fast-food giant’s Board of Directors found that he violated company policy...

Altria Cuts Value of Juul Stake by USD 4.5 Billion

Blog0 Comments Tobacco giant Altria Group, Inc. (NYSE: MO) on Thursday said it took a USD 4.5 Billion hit from its investment in electronic cigarette maker Juul Labs Inc. amid proposed U.S. bans on e-cigarette flavors and regulatory crackdowns...

J&J Says 15 Tests Indicate No Asbestos in Baby Powder

Blog0 Comments Shares of Johnson & Johnson (NYSE: JNJ) opened more than 3% higher on Wednesday after the company reported that 15 new tests from the same bottle of Johnson’s Baby Powder previously tested by the U.S. Food and Drug...

T-Mobile Stock Falls on Earnings Beat, Revenue Miss

Blog0 Comments Shares of T-Mobile US, Inc. (NASDAQ: TMUS) are down about 1% on Tuesday after the company beat third-quarter earnings expectations but announced revenue that fell shy of estimates. The wireless network operator said net income was...