Naspers to shed Multichoice; Showmax flexes muscles to fight off Netflix
South African media giant Naspers is all set to spin off Multichoice – the biggest pay-TV service in Africa by...
Audi debuts e-tron electric SUV, defying Tesla Model X
Luxury carmaker Audi has finally launched the production version of the most-anticipated all-electric “e-tron quattro SUV”. The company expects the...
Uber: A global ride-hailing service on paper
Uber is the most widely expanded ride-hailing service in the world. And yet, despite its omnipresence, the company seems to...
Why it pays to put your money in digital payment stocks
The shares of Mastercard (MA) and Visa (V) have witnessed an almost similar trading pattern over the years, all along...
Earnings Preview: Red Hat poised to deliver earnings growth for Q2
Red Hat Inc. (RHT) is scheduled to report second quarter 2019 earnings on September 19 after the market hours. The...
Earnings Preview: Will Darden’s Q1 à la carte please investors?
Darden Restaurants Inc. (DRI) is just two days shy of releasing its first-quarter results before the market opens. Analysts expect...
General Mills Q1 earnings beat; stock falls on sales miss
Earnings of consumer food company General Mills (GIS) declined in the first quarter, but to a lower extent than predicted...
AutoZone stock dives after sales miss estimates
AutoZone Inc. (AZO) beat analysts’ expectations on earnings for the fourth quarter of 2018 but sales missed market consensus causing...
What is happening in the IPO market?
The IPO market is abuzz as usual, with many companies inching closer to public listing, while a few have backtracked...
FedEx misses Q1 profit estimates, stock slides
FedEx (FDX) reported a 40% jump in earnings for the first quarter helped by higher volumes, increased yields and a...
Coca-Cola may soon roll out marijuana-based drinks
It seems cannabis is taking the beverages industry by storm, with more alcohol and soft drink companies shifting their focus...
Hurricane Florence might not dent insurance industry as expected
While Hurricane Florence continues to batter the East Coast, latest updates suggest it might not hurt insurance firms as expected....
Oracle stock falls on weak cloud business; earnings top estimates
Oracle’s (ORCL) strong earnings growth in the first quarter failed to amuse investors Monday when the company’s below-consensus cloud revenues...
Higher Q1 deliveries likely to lift FedEx stock
FedEx (FDX) is going to announce the results a day ahead of the original schedule. The company is set to...
Earnings Preview: AutoZone is likely to surpass expectations
AutoZone Inc. (AZO) is scheduled to report fourth-quarter 2018 results on September 18. Analysts expect the company to report revenues...
What to expect from Oracle’s Q1 earnings report
The ongoing transition of enterprise software provider Oracle (ORCL) into a full-fledged cloud service company is being closely watched by...
PC market bracing for a season without Intel ‘inside’
The functioning of the technology companies, especially in the consumer electronics sector, is so closely interlinked that each of them...
L Brands to cut down weight to improve profits
L Brands (LB) announced its plans to close all 23 of its Henri Bendel stores, along with the Henri Bendel...
This $469 smartphone is already a better pick than iPhone XR
If you think the Apple event was one-of-a-kind “special”, think again. Except for Watch Series 4, Apple seems to be...
Nio stock turns upward after IPO failure
Tesla’s (TSLA) rival Nio Inc. (NIO) has set its foot in the US and the company’s shares have taken the...
Elon Musk’s lunar dream spreads wings with first passenger sign-up
Taking a break from the controversies surrounding the operations of Tesla (TSLA), CEO Elon Musk has come up with some...