Microsoft Corp overtakes Apple Inc in terms of market value for the first time in eight years on Friday

December 3, 2018
Microsoft Corp overtakes Apple Inc in terms of market value for the first time in eight years on Friday

Microsoft Corp once again became the most valuable US company, while overtaking Apple Inc for the first time in eight years on Friday, as the iPhone maker was pressured by investor concerns over demand for it devices while the maker of Windows and Xbox drew benefits from cloud computing growth. […]

Read more ›

Fiat Chrysler shares trade lower in Milan on Friday, EUR 5 billion to be spent on new models and engines in Italy in three years

November 30, 2018
Fiat Chrysler shares trade lower in Milan on Friday, EUR 5 billion to be spent on new models and engines in Italy in three years

Fiat Chrysler said on Thursday that it intended to spend over EUR 5 billion on new vehicle models and engines in Italy between 2019 and 2021, as the company seeks to fill under-utilized factories, to preserve jobs as well as to increase operating margins in European markets. A large part […]

Read more ›

Apple shares fall the most in a week on Thursday, Canaccord Genuity slashes price target on the stock, maintains rating

November 30, 2018
Apple shares fall the most in a week on Thursday, Canaccord Genuity slashes price target on the stock, maintains rating

Canaccord Genuity was reported to have revised down its price target on Apple Inc (AAPL) to $225 from $250 previously, after the firm’s surveys signaled “soft smartphone demand with disappointing initial XR sales.” On the other hand, Canaccord maintained a “Buy” rating on the stock. Apple shares closed lower for […]

Read more ›

Starbucks shares gain the most in three weeks on Wednesday, company inks energy deal with Constellation and Enel Green Power

November 29, 2018
Starbucks shares gain the most in three weeks on Wednesday, company inks energy deal with Constellation and Enel Green Power

Starbucks Corporation (SBUX) said on Wednesday that it had inked a long-term deal with energy provider Constellation, allowing it to power over 340 of its stores in Illinois with 100% renewable energy produced by Enel Green Power North America Inc’s HillTopper wind project in Logan County. Starbucks shares closed higher […]

Read more ›

Tesla shares close higher on Wednesday, sales in China plummet 70% year-on-year in October

November 29, 2018
Tesla shares close higher on Wednesday, sales in China plummet 70% year-on-year in October

According to data by Chinese Passenger Car Association, Tesla Inc’s vehicle sales in the Asian country registered a 70% annual drop in October. A representative from the industry body said for Reuters that the electric car maker had sold merely 211 vehicles in China last month. Tesla shares closed higher […]

Read more ›

Amazon shares gain for a second straight session on Tuesday, holiday shopping weekend breaks records, company says

November 28, 2018
Amazon shares gain for a second straight session on Tuesday, holiday shopping weekend breaks records, company says

Amazon.com Inc said on Tuesday that Cyber Monday once again proved to be the single busiest shopping day in the company’s history, as customers globally ordered more items than any other day. The five renowned shopping days that begin with Thanksgiving and continue through Cyber Monday, also known as the […]

Read more ›

General Motors shares gain the most in a month on Monday, auto maker to close assembly facility near Toronto

November 27, 2018
General Motors shares gain the most in a month on Monday, auto maker to close assembly facility near Toronto

According to a report by TV channel CTV News over the weekend, citing sources with knowledge of the matter, General Motors Company (GM) intends to discontinue all operations at a facility near Toronto, Canada. The factory shutdown is part of a planned international restructuring, the same media said. General Motors […]

Read more ›

NVIDIA shares gain the most in a month on Monday, Credit Suisse initiates coverage on the stock with “Outperform” rating

November 27, 2018
NVIDIA shares gain the most in a month on Monday, Credit Suisse initiates coverage on the stock with “Outperform” rating

Credit Suisse initiated coverage on NVIDIA Corporation (NVDA) with an “Outperform” rating and also assigned a price target of $225 on the stock. NVIDIA shares closed higher for a second consecutive trading session on NASDAQ on Monday. It has also been the sharpest daily surge since October 30th. The stock […]

Read more ›

Amazon shares close lower on Friday, German and Spanish Amazon employees walk off the job on Black Friday

November 26, 2018
Amazon shares close lower on Friday, German and Spanish Amazon employees walk off the job on Black Friday

Employees at Amazon’s logistic centers in Germany and Spain reportedly went out on strike on Black Friday, the discount spending spree that marks the beginning of the holiday shopping season. Amazon shares closed lower for the ninth time in the past eleven trading sessions on NASDAQ on Friday. The stock […]

Read more ›

IBM shares close lower on Friday, US retail industry to register almost 5% growth this year, IBM projects

November 26, 2018
IBM shares close lower on Friday, US retail industry to register almost 5% growth this year, IBM projects

IBM projects that US retail industry may register a 4.83% growth during this year’s holiday shopping season. That compares with a 4.2% holiday sales growth in 2017. IBM shares closed lower for the sixth time in the past ten trading sessions in New York on Friday. The stock went down […]

Read more ›