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Delta Forecast Revenue Growth in 2020

Stocks0 Comments Delta Air Lines (NYSE: DAL) held its annual event for the investment community on Thursday and provided an update on its business strategy and 2020 financial targets.   The airline highlighted in its event that Delta expects...

Feds Leave Rates Steady and Hint Pause in 2020

Stocks0 Comments The Federal Reserve held interest rates steady at its December meeting on Wednesday, halting a series of rate cuts that lifted markets and countered recession fears amid the ongoing trade tensions between the U.S. and China,...

U.S. Markets Bounce Around as Trade Talks Weigh In

Stocks0 Comments U.S. markets bounced around on Tuesday morning as investors and analysts continued to digest trade talks between the U.S. and China. The Dow Jones Industrial Average initially fell by as much as 100 points at the opening bell....

Sanofi Acquires Synthrox for USD 2.5 Billion

Stocks0 Comments Sanofi (NASDAQ: SNY) announced on Monday that it has acquired Synthorx (NASDAQ: THOR) for USD 2.5 Billion to boost its immuno-oncology pipeline. Synthorx shares surged by 169% at the open on Monday. Synthorx is a biotechnology...

U.S. Markets Roar on Better-Than-Expected November Job Reports

Stocks0 Comments U.S. markets roared on Friday after a better-than-expected employment report for November. The Labor Department reported that the economy created 266,000 jobs, lowering unemployment rates to 3.5%, a 50-year low. The Dow Jones...

RH Shares Soar on Earnings Beat and Revised Guidance

Stocks0 Comments RH  (NYSE: RH), formerly known as Restoration Hardware, reported its third quarter financial results on Wednesday during extended trading hours. The Company topped earnings and revenue estimates, sending shares higher by 10.3% on...

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Alibaba Breaks Singles Day Sales Record

Stocks0 Comments Shares of Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA) opened about 5% lower on Monday, even after the company delivered record sales on Singles Day, the...

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Staff Picks

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...

GFL Looks to Raise up to USD 2.4 Billion in an IPO

Blog0 Comments Canadian waste hauler GFL Environmental Inc. plans to raise up to USD 2.4 Billion in an initial public offering, marking one of Canada’s largest-ever IPO’s. The Vaughan, Ontario-based company on Wednesday said it has been approved...