Tesla shares gain for a second straight session on Wednesday, auto maker under scrutiny by the NHTSA due to Model 3 safety assertions

August 8, 2019
Tesla shares gain for a second straight session on Wednesday, auto maker under scrutiny by the NHTSA due to Model 3 safety assertions

According to a report by Bloomberg earlier this week, last year a cease-and-desist letter was sent to Tesla Inc (TSLA) by the US National Highway Traffic Safety Administration (NHTSA), as the electric car maker failed to comply with the regulator’s guidelines in its statements regarding Model 3 safety. The NHTSA […]

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Walt Disney shares fall the most in 41 weeks on Wednesday, company bundles three streaming services for a monthly cost of $12.99

August 8, 2019
Walt Disney shares fall the most in 41 weeks on Wednesday, company bundles three streaming services for a monthly cost of $12.99

Walt Disney Company (DIS) intends to bundle its three streaming services – Disney+, ESPN+ and ad-supported Hulu, for a monthly cost of $12.99. According to Walt Disney’s Chief Executive Bob Iger, the bundle will be available for US customers when Disney+ is launched on November 12th. Walt Disney shares closed […]

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Ford shares gain the most in 3 1/2 weeks on Tuesday, auto maker upgraded to “Overweight” at Morgan Stanley, price target also raised

August 7, 2019
Ford shares gain the most in 3 1/2 weeks on Tuesday, auto maker upgraded to “Overweight” at Morgan Stanley, price target also raised

Morgan Stanley on Tuesday upgraded Ford Motor Company (F) from “Equal Weight” to “Overweight”, as the firm highlighted a “significant increase” in estimates for the auto maker’s earnings over the upcoming three years and also stressed on Ford’s “restructuring actions”, “strategic actions” and “product mix enhancement.” Morgan Stanley also raised […]

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Apple shares rebound on Tuesday, tech giant reportedly probed by Japan’s Fair Trade Commission over pressure on parts manufacturers

August 7, 2019
Apple shares rebound on Tuesday, tech giant reportedly probed by Japan’s Fair Trade Commission over pressure on parts manufacturers

According to a report by the Mainichi newspaper on Tuesday, the Japanese Fair Trade Commission has launched a probe into whether Apple Inc (AAPL) caused pressure on domestic parts makers and abused its dominant position, violating antimonopoly rules. Apple shares closed higher for the sixth time in the past thirteen […]

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Walmart shares close lower on Monday, Walmart’s Flipkart to launch free video service this month

August 6, 2019
Walmart shares close lower on Monday, Walmart’s Flipkart to launch free video service this month

Flipkart, Walmart Inc’s unit based in Bengaluru, India, is about to launch a free video service for all of its 160 million clients later in August, as the on-line retailer explores new ways to reach more users in smaller cities. Walmart shares closed lower for the ninth time in the […]

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Fox shares fall for a fourth straight session on Monday, company to acquire Credible Labs for $397 million

August 6, 2019
Fox shares fall for a fourth straight session on Monday, company to acquire Credible Labs for $397 million

Fox Corp (FOX) announced on Monday that it had agreed to acquire on-line finance broker Credible Labs Inc. The deal values the financial technology company at $397 million. Fox shares closed lower for a fourth consecutive trading session on NASDAQ on Monday. It has also been the steepest daily loss […]

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Apple shares fall for a second straight session on Friday, clients will not be able to buy cryptocurrencies with Apple Card

August 5, 2019
Apple shares fall for a second straight session on Friday, clients will not be able to buy cryptocurrencies with Apple Card

Users will not be able to buy cryptocurrencies with Apple Inc’s credit card being launched with Goldman Sachs Group Inc, a customer agreement posted on the bank’s website revealed on Friday. The Apple Card is the result of a wider effort by Apple Inc to generate a larger part of […]

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Pfizer shares close lower on Thursday, company closes OTC joint venture with GlaxoSmithKline

August 2, 2019
Pfizer shares close lower on Thursday, company closes OTC joint venture with GlaxoSmithKline

Pfizer Inc (PFE) said on Thursday that it had closed its joint venture with GlaxoSmithKline plc (GSK), which is to combine the consumer healthcare businesses of the two companies to establish the largest over-the-counter business worldwide. Under the terms of the agreement, Pfizer Inc is to have an equity stake […]

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Verizon shares close little changed on Thursday, second-quarter earnings top estimates on stronger-than-expected phone subscriber growth

August 2, 2019
Verizon shares close little changed on Thursday, second-quarter earnings top estimates on stronger-than-expected phone subscriber growth

Verizon Communications Inc’s (VZ) second-quarter profit, reported on Thursday, exceeded Wall Street estimates, supported by much stronger growth in its net new phone subscribers than anticipated. Verizon shares closed lower for a third consecutive trading session in New York on Thursday. The stock inched down 0.02% ($0.01) to $55.26, after […]

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Spotify shares close lower on Wednesday, second-quarter loss bigger than expected, revenue tops estimates

August 1, 2019
Spotify shares close lower on Wednesday, second-quarter loss bigger than expected, revenue tops estimates

Spotify Technology SA’s (SPOT) second-quarter revenue, reported on Wednesday, outstripped Wall Street estimates, supported by subscriber growth in the company’s premium business. On the other hand, quarterly loss was larger than expected. Spotify shares closed lower for the sixth time in the past twelve trading sessions in New York on […]

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