While L Brands stock, a women's intimate apparel, personal care, and beauty products retailer, has rallied by a solid 18% over the last 10 trading days - driven by its better-than-expected Q3 momentum - but has declined by around 3% over the last 5 trading days. In comparison, the broader S&P 500.
Boeing's 737 MAX airliner will receive final clearance to resume flying in Europe next week, the head of the EU's air safety watchdog said on Tuesday.
India is considering revising its foreign investment rules for e-commerce, three sources and a government spokesman told Reuters, a move that could compel players, including Amazon.com Inc, to restructure their ties with some major sellers.
Experian plc (LON: EXPN) said on Tuesday that its organic revenue at constant exchange rates saw a 7% annualised growth in the fiscal third quarter. The company also expressed confidence that its full-year performance will also remain resilient.
Tesla Inc (NASDAQ: TSLA) is routing its Indian foray through Amsterdam, The Netherlands — a move that sets it apart from fellow automakers who have recently marked their entry into the South Asian country, the Economic Times reported Monday. What Happened: The Elon Musk-led company's move is related to tax benefits on capital gains and dividend payments, as per experts, according to Indian media.
Self-driving startup Aurora inked a partnership with PacCar to develop driverless trucks to be deployed in North America.
Adam Cohen, director of economic policy at Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary Google defended the company's ad-sharing agreement with Facebook Inc (NASDAQ: FB) in a blog post over the weekend after detailed revelations related to an antitrust lawsuit filed in December by ten states emerged. What Happened: Cohen dismissed the allegations made by Texas attorney general Ken Paxton — who led in making the disputed claims against the company — as “misleading” and termed the agr...
DBS economist discusses global macro themes for 2021
Proactive fiscal and monetary policy worldwide and the global coronavirus rollout are some factors playing into the economic outlook for 2021, says Taimur Baig of DBS Group Research.
China's Zhejiang Geely Holding Group said on Tuesday it has signed an agreement with Tencent Holdings Ltd to develop smart vehicle cockpit and autonomous driving.
There is pullback 'on the cards' for Rio Tinto shares in 2021: Analyst
Peter O'Connor of Shaw and Partners explains why he doesn't believe that the current rally in Rio Tinto's share price will last for the year.
Experian Plc posted third-quarter revenue growth that exceeded its previous target on Tuesday, as the world's largest credit data firm benefited from strong U.S. mortgage volumes while flagging a slowdown in the current quarter.
China's market regulator said on Tuesday it has approved plans for Cisco Systems Inc's. purchase of Acacia Communications Inc, as long as both comply with a set of conditions.
Emerging markets still have room to run amid global economic recovery: JPMorgan
The emergence of technology being a bigger driver of companies in emerging markets, for instance, plays into a supportive backdrop for such markets, says Julia Wang at JPMorgan Private Bank.
Plaid plans to more than double its European workforce from 40 to 100 by the end of 2021.
Apple Inc. (NASDAQ: AAPL) has been sued in California over allegations it failed to take action against messaging app Telegram in the aftermath of the Capitol Hill riot even as the platform was used to promote violence. What Happened: The Coalition for a Safer Web, a Washington D.C.
Tesla Stock is Expensive, Here are Three Alternatives
Fast fashion retailer Primark has said that store closures caused by European lockdowns will mean that it will have missed out on over $1.4 billion in revenues but stressed that it remains committed to its stores-only strategy and does not intend to sell online.
Intel Corporation (NASDAQ: INTC) Chairman Omar Ishrak is working towards gathering funds for a health technology special purpose acquisition company (SPAC), Bloomberg reported Monday. What Happened: The former Medtronic plc (NYSE: MDT) CEO could file registration documents with the United States Securities and Exchange Commission for an initial public offering as early as Tuesday, people familiar with the matter told Bloomberg.
Xpeng Inc (NYSE: XPEV) has unveiled a new beta autonomous driving solution, which will help its flagship P7 sedan compete with similar offerings from Tesla Inc (NASDAQ: TSLA), CNBC reported Monday. What Happened: The new feature — called the Navigation Guided Pilot (NGP) — is a part of the company's XPILOT 3.0 autonomous driving package, the company said in a statement.
New York Governor Andrew Cuomo asked Pfizer Inc (NYSE: PFE) to sell its COVID-19 vaccine directly to New York in a letter on Monday. What Happened: The governor wrote to the New York-based pharmaceutical giant's CEO Albert Bourla as Pfizer is not bound by supply commitments that rival Moderna Inc (NASDAQ: MRNA) has made under Operation Warp Speed — the federal government's vaccine initiative.
Biden's Covid Advisory Board member Dr. Celine Gounder said that Cuomo's request to buy the Pfizer vaccine directly, could cause more problems than it solves.
Logitech International increased its non-GAAP operating income by 192% in the third quarter, the computer peripherals maker said on Tuesday, as the COVID-19 pandemic boosted demand for its home-working products and gaming accessories.
Social media company aims to avoid liability over Cambridge Analytica scandal by arguing it does not collect or hold data in Australia
Starbucks has assigned 11 employees to help the state with vaccine distribution full time.
Darwinbox, which operates a cloud-based human resource management platform, has raised $15 million in a new financing round as the Indian startup looks to expand beyond the country and Southeast Asian markets. The new round, a Series C, for the Hyderabad-based startup was led by Salesforce Ventures, the venture arm of the American software giant.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Halliburton (NYSE: HAL) shares have advanced from $4.25 above $22 since March 2020, and the current price stands around $20.7. The company will publish Q4 earnings results on Tuesday, January 19th, and bad results together with renewed coronavirus concerns could add pressure on the stock price.
The National Museum of African American Music (NMAAM) officially opened its doors today during a ribbon cutting ceremony in Nashville.
The U.S. government has asked Australia to scrap proposed laws that will make it the first country in the world to force Facebook Inc and Alphabet Inc's Google to pay for news sourced from local media outlets.
The Yacktman Fund (Trades, Portfolio), part of Austin, Texas-based Yacktman Asset Management (Trades, Portfolio), disclosed this week that its top five trades during the fourth quarter of 2020 included new positions in Charles Schwab Corp. (NYSE:SCHW) and Tyson Foods Inc. (NYSE:TSN) and three position reductions: Samsung Electronics Co. Ltd. (XKRX:005935), Fox Corp. (NASDAQ:FOXA)(NASDAQ:FOX) and Walt Disney Co. (NYSE:DIS).
For many companies, the Covid-19 pandemic has brought trouble and turmoil, with many wondering if they will survive. For other companies, though, it has been a bonanza.
The T Rowe Price Equity Income Fund (Trades, Portfolio) has revealed its portfolio for the fourth quarter ending on Dec. 31, 2020. Top trades included reductions in the fund's top holding Qualcomm Inc. (NASDAQ:QCOM) alongside Enbridge Inc. (NYSE:ENB) and Fox Corp. (NASDAQ:FOX).
Shares of application software company Progress Software Corp. (NASDAQ:PRGS) are down nearly 10% following the release of its fourth-quarter results. The Bedford, Massachusetts-based company announced earnings and revenue that topped estimates after the closing bell on Thursday.
Seattle-based Sana Biotechnology is shooting to raise $150 million in its initial public offering, but soon after is expected to see its market value to soar to more than $10 billion, according to leading industry publication BioSpace
The Yacktman Focused Fund (Trades, Portfolio) disclosed its fourth-quarter portfolio earlier this week.
The earnings theme for Tuesday (Jan. 19), at least in financial services, might be termed: A tale of two banks. Bank of America and Goldman Sachs are slated to post fourth-quarter results that day, and we're likely to see some of the same observations and actions that have marked other financial institutions' earnings.
As the coronavirus pandemic continues to impede everyday life, the pet industry and sector-related exchange traded fund have thrived. The ProShares Pet Care ETF (PAWZ), the first ETF to capture the growth in the pet care industry, increased 11.7% over the past month, advanced 18.8% over the past three months, and jumped 63.8% in the past [.
Disneyland Paris announced on Monday that the park's reopening would be delayed at least until at least April 2. The park, which closed for a second time on October 29, had planned to reopen on February 13. The park was previously closed from March-July 2020, reopened, and then closed down again in April 2020. The...
The problem is that it's incredibly easy to set up a Shopify store. Pretty much anyone can do it, basically overnight.
The request comes after an alarmingly slow start to the national vaccine rollout, with the country millions of injections short of initial projections.
Alimentation Couche-Tard would revive its $20 billion bid for France's Carrefour if the Canadian convenience store operator saw a change in the French government's stance on the proposed deal, its chief executive said on Monday.
4 US Integrated Oil Stocks Countering Industry Headwinds