Snap shares plummet as investors mark down first earnings report Snap shares plummet as investors mark down first earnings report:- Snap Inc shares plunged on Wednesday after the owner of Snapchat reported slowing user growth and revenue in its first earnings report as a public company, missing some Wall Street […]
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Business
Oil price jump pulls stocks higher, NZ dollar hits 11-month low Oil price jump pulls stocks higher, NZ dollar hits 11-month low:- Asian stocks rose on Thursday, getting a lift from a record high close on MSCI's global stocks benchmark as strong gains in oil prices buoyed energy shares. European […]
Abercrombie & Fitch fields takeover interest U.S. teen apparel retailer company Abercrombie & Fitch Co (ANF.N) is working with an investment bank to field takeover interest from other retailers, people familiar with the situation said on Tuesday. Abercrombie's shares are trading at a 17-year low, making it a vulnerable acquisition […]
News Corp quarterly revenue beats on higher ad revenue News Corp (NWSA.O) reported better-than-expected quarterly revenue as the owner of the Dow Jones Newswires and the Wall Street Journal saw an uptick in its digital real estate business and growth in its advertising revenue. Shares of the company, controlled by […]
Apple tops $800 billion market cap for first time Apple Inc (AAPL.O) became the first U.S. company to top the $800 billion mark in market capitalization on Tuesday, slightly more than two years after it crossed the $700 billion threshold. The iPhone maker's shares have gained 33 percent this year […]
Amazon trounces rivals in battle of the shopping bots Amazon trounces rivals in battle of the shopping bots:- Earlier this year, engineers at Wal-Mart Stores Inc (WMT.N) who track rivals' prices online got a rude surprise: the technology they were using to check Amazon.com several million times a day suddenly […]
U.S. Democratic senators seek probe into Icahn's biofuel credit dealings U.S. Democratic senators seek probe into Icahn's biofuel credit dealings:- Eight Democratic senators asked U.S. regulators on Tuesday to launch an investigation into billionaire Carl Icahn’s activities in the U.S. biofuels blending credit market, saying the activist investor may have […]
Asia stocks rise for third day on earnings, dollar stalls on Comey sacking Asian stocks edged higher for a third consecutive day on Wednesday as investors focused on strong corporate earnings and the dollar gave back some of its recent gains. U.S. President Donald Trump's abrupt dismissal of FBI Director James […]
U.S. Commerce Ross says 3 percent GDP growth not achievable this year U.S. Commerce Ross says 3 percent GDP growth not achievable this year:- The U.S. economy will fall short of the Trump administration's goal of 3 percent growth this year and will only achieve that when its regulatory, tax, trade and […]
Elliott goes to court seeking dismissal of Akzo Nobel chairman Burgmans Elliott goes to court seeking dismissal of Akzo Nobel chairman Burgmans:- Elliot Advisors, the hedge fund that has been pushing Dutch paint maker Akzo Nobel to enter takeover talks with U.S. peer PPG Industries, said on Tuesday it had […]
