Look out Tesla, Volkswagen gets a massive EV order
Opening up a battlefield in the EV space, Volkswagen just received a massive order of 1,600 all-electric trucks from Brazilian...
L Brands stock dips on weak profit outlook
L Brands (LB) reported a 29% dip in earnings for the second quarter due to higher costs and expenses. The...
Alibaba rises on Q1 revenue beat, despite China concerns
E-commerce giant Alibaba Group (BABA) wrapped the June quarter with broad-based revenue growth, sending the company’s stock higher in premarket...
Star Wars coming to smartphones through Zynga-Disney deal
There is hardly any other video game that matches the Star Wars in terms of popularity and the number of...
Earnings Preview: The Children’s Place might not get a treat this quarter
The Children’s Place (PLCE) is scheduled to report second quarter earnings on Thursday before the bell. In the first quarter,...
Earnings Preview: Will Alibaba prove its mettle in Q1?
Alibaba (BABA) is scheduled to report its first quarter results for fiscal 2019 on Thursday before the bell. The e-commerce...
Roundup: How the cloud industry took shape in the second quarter
Though the tech industry gave a mixed performance during the recently ended earning season, those that offer cloud services performed...
Airlines take new flight path to deal with fuel costs
Airline companies are changing their plans to deal with the increase in fuel prices, including cuts in their international routes....
Earnings preview: Mixed market sentiment ahead of Foot Locker earnings
Of late, there have been indications that the sportswear industry is on a recovery path after several months of lackluster...
Analog Devices stock falls on weak profit forecast
Analog Devices (ADI) said its earnings for the third quarter jumped six times, compared to last year when the bottom-line...
Marijuana stocks experience a euphoric rise
Amidst the ongoing tussle to make cannabis use legal, the recent M&A deals in this industry have attracted many large...
Royal Bank of Canada Q3 profit jumps 11%
Royal Bank of Canada (RY) reported an 11% increase in earnings for the third quarter driven by benefits from North...
Target Q2 results top estimates amid record traffic growth; stock rallies
A record increase in store traffic pushed up the sales multi-brand retailer Target Corp. (TGT) in the second quarter, resulting...
Lowe’s stock falls on comp sales miss
Lowe’s Companies Inc. (LOW) beat market estimates on sales and EPS for the second quarter of 2018 but comp sales...
S&P 500 reaches new peak amid bullish market sentiment
Continuing the epic bull-run, the S&P 500 index set a new intraday record Tuesday as companies keep on drawing inspiration...
Urban Outfitters posts upbeat results in Q2
Urban Outfitters (URBN) reported a 86% jump in earnings for the second quarter driven by higher revenue, lower markdowns at...
Trump flays Fed for interest rate hikes
President Donald Trump has lashed out at the Federal Reserve chairman Jerome Powell, alleging that the latter is more interested...
Microsoft crackdown uncovers more Russian cyber-attacks
Microsoft (MSFT) has come out with a politically sensitive disclosure that could bring a new twist in the US-Russia relations,...
Walmart looking to take down Amazon in the e-com space
In its latest assault on Amazon (AMZN), retail giant Walmart (WMT) is breaching into its rival’s forte – ecommerce –...
Uber appoints Nelson Chai as CFO
Ride-sharing firm Uber, which is expected to file its IPO during the end of the next year, appointed Nelson Chai...
J.M. Smucker misses Q1 results estimates, lowers outlook
The J.M. Smucker Company (SJM) missed analysts’ expectations on revenue and adjusted EPS numbers for the first quarter of 2019...