Johnson & Johnson shares hit a fresh all-time high on Tuesday as third-quarter earnings beat estimates, full-year forecast revised up

October 18, 2017
Johnson & Johnson shares hit a fresh all-time high on Tuesday as third-quarter earnings beat estimates, full-year forecast revised up

Johnson & Johnson’s third-quarter earnings, reported yesterday, outstripped market expectations, supported by strong performance at the company’s pharmaceuticals segment. J&J also revised up its full-year earnings forecast due to potentially stronger demand for its new cancer drugs. Johnson & Johnson shares closed higher for the eleventh time in the past […]

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General Motors shares fall for a second session in a row on Tuesday, company to test level 4 vehicles in New York next year

October 18, 2017
General Motors shares fall for a second session in a row on Tuesday, company to test level 4 vehicles in New York next year

According to a statement by New York Governor Andrew Cuomo, General Motors Company (GM) intends to test fully autonomous vehicles in the state early next year. The tests are to be conducted in Manhattan and will include two-person crews – an engineer sitting in the driver’s seat who will evaluate […]

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Netflix shares hit a fresh all-time high on Monday on upbeat third-quarter subscriber growth

October 17, 2017
Netflix shares hit a fresh all-time high on Monday on upbeat third-quarter subscriber growth

Shares of Netflix Inc (NFLX) reached a fresh record-high level yesterday, as third-quarter subscriber growth outstripped market expectations. Netflix shares closed higher for a third consecutive trading session on Monday. The stock went up 1.60% ($3.19) to $202.68, after touching an intraday high at $202.83 and also a fresh all-time […]

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Wells Fargo shares close higher on Monday, bank ordered to return $3.4 million to brokerage customers

October 17, 2017
Wells Fargo shares close higher on Monday, bank ordered to return $3.4 million to brokerage customers

On Monday Wells Fargo & Company (WFC) was reported to have been ordered by the Financial Industry Regulatory Authority (FINRA) to return $3.4 million to clients in relation with the sale of high-risk investment products that were not suitable for their profile. Wells Fargo shares rebounded during the trading session […]

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Tesla shares close lower on Friday, about 400 employees fired during the past week

October 16, 2017
Tesla shares close lower on Friday, about 400 employees fired during the past week

According to a post by Reuters on Friday, citing a former Tesla employee, the luxury electric car maker fired approximately 400 employees during the past week. The main reason behind dismissals was performance, Tesla said in an emailed statement. Tesla shares closed lower for the third time in the past […]

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Amazon shares gain for a third session in a row on Friday, company to open new distribution center in Bolton

October 16, 2017
Amazon shares gain for a third session in a row on Friday, company to open new distribution center in Bolton

According to a statement by Amazon.com Inc (AMZN) on Friday, it intends to open a new distribution center in Bolton, England, next year, as the company continues to expand in the UK, its third-largest market outside North America. The center is to ensure 1 200 new full-time job positions, while […]

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