President Trump Says It’s Very Close, But…
Global markets aren’t sure what to make of the trade war. Just yesterday, news that a “phase one” deal may not happen in 2019 sent markets lower. All as Beijing pushes for more tariff rollbacks, and as the Trump Administration makes more demands. ...
Macy’s CEO Blames Warm Weather for Latest Earnings Miss
During the third quarter, Macy’s revenue and same-store sales growth fell short. Macy’s reported its third-quarter earnings results on Thursday before market open and heading into it, no one was feeling too optimistic. The retailer has struggled for the past couple of...
TD Ameritrade Explodes on News of Buyout
Charles Schwab is reportedly offering $26 billion to buy TD Ameritrade. “This would create a Goliath in Wealth Management,” Wells Fargo senior analyst Mike Mayo said, as quoted by CNBC. On the news, AMTD is up 25%, or $10.50. SCHW is up 13%....
Cannabis Legalization Bill Just Passed Historic House Committee Vote
Cannabis stocks are showing big signs of life. · Canopy Growth (CGC) just ran from $13.80 to $17.64 · Aurora Cannabis (ACB) ran from $2.14 to $2.64 · Aphria (APHA) ran from $3.76 to $4.52 · ...
Four Top Reasons Why Uber Isn’t Profitable
Uber is active and present in roughly 60 countries and over 300 cities across the globe. Millions of people have the app downloaded on their smartphones and use the service to get to and from various places. On May 10, 2019, Uber’s initial public offering (IPO) even...
The Most Active Stocks for Wednesday, November 20, 2019
Shares of Target (TGT) are up nearly 12% on the day after crushing earnings and raising its full-year 2019 forecast. CEO Brian Cornell said the results are “further proof of the durability” of Target’s investment strategy, as the retailer has an “unmatched suite of...
BUSINESS
Software Platform Company Dynatrace Files for Initial Public Offering With NYSE Stock Listing
Dynatrace, a software intelligence platform company that's owned by private-equity firm Thoma Bravo, filed a prospectus with US regulators for an initial public offering on Friday. The Waltham, Mass.-based company didn't say how many shares it would offer, or outline...
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Amazon Reportedly Seeks FCC Permission to Launch 3,236 Satellites for Broadband Services Project
Amazon (AMZN) has filed a request to the US Federal Communications Commission seeking permission to launch 3,236 communications satellites, media reports said Friday, citing a July 4 filing. The request is for the company's Kuiper project, which is focused on offering...
T-Mobile US May Auction Boost if Deal with Dish Falls Through
T-Mobile US (TMUS) is preparing an alternative plan if a deal to sell wireless assets to Dish Network (DISH) falls through, according to Reuters, citing sources familiar with the situation. Its investment bank, Goldman Sachs, reportedly has told prospective buyers as...
Bank of Japan Keep Rates Steady, Cites Global Economic Risks
Bank of Japan (BOJ), the country's central bank, kept its much-watched benchmark rate unchanged at a negative level during a policy meeting, but cited growing risks that threaten the global economy. In a decision published on the BOJ website Thursday, majority of the...
JD.com, Alibaba Group Note Record Sales During Mid-Year Shopping Festival
e-Commerce platform JD.com (JD) registered CNY201.5 billion ($31.53 billion) worth of orders during the annual online 6.18 Mid-Year Shopping Festival, marking a year-over-year rise of 26.6%, Caixin Global reported. Separately, JD's peer, Alibaba Group (BABA), said in...
MORE NEWS
ISIS Leader Baghdadi Dead in Latest U.S. Raid
So much for those tough-talking terrorists. Over the weekend, President Trump announced that ISIS leader Abu Bakr al-Baghdadi was killed in raids raid in Syria. All as the former terror leader was “whimpering and crying and screaming all the way,” as noted by...
3 Things to Pay Attention to When Netflix Releases Its Q3 Earnings
The company’s shares are down 25% since July. Earnings season kicks off this week, and Wall Street has been waiting with bated breath to see what Netflix will report. The company releases its third-quarter earnings on Oct. 15, and many analysts are anticipating...
Slack’s Active Users Grow 37% From a Year Earlier
Slack’s shares rose 5% after the company announced it has over 12 million active users. In June, Slack Technologies went public, and there was a lot of excitement from Wall Street. And while the stock did hit a downturn in September, for the most part, analysts have...
Will The SnapChat Turnaround Story Continue? 3 Things to Know
SnapChat managed to turn things around in 2019, but will the momentum continue? SnapChat has been one of the most exciting stocks to watch this year. The company’s shares are up 164% year to date, and the company’s recent earnings report showed that its subscriber...
Amazon Reportedly Seeks FCC Permission to Launch 3,236 Satellites for Broadband Services Project
Amazon (AMZN) has filed a request to the US Federal Communications Commission seeking permission to launch 3,236 communications satellites, media reports said Friday, citing a July 4 filing. The request is for the company's Kuiper project, which is focused on offering...
Electronic Arts Shares Down 4.8% as Apex Legends Season 2 Fails to Draw Twitch Viewership
Electronic Arts (EA) shares were down over 4.8% on Friday afternoon after initial viewership numbers for Season 2 of multiplayer battle royale shooter Apex Legends fell short of expectations. Apex Legends Season 2 was released on Tuesday, but it has so far failed to...
Nike Set to Drive Revenue Growth Into Fiscal 2020 as Canaccord Sees Strong Product Pipeline
Nike (NKE) has several ways to drive revenue growth in fiscal 2020 and beyond with a strong pipeline of products and new technology and marketing for some of its brands, while supplier data is showing growing demand, Canaccord Genuity said on Wednesday. The...
TRENDING
Home Depot’s Q3 Earnings Leave Room for Improvement
Investors were hoping for a better full-year outlook for Home Depot. This week, Home Depot reported its third-quarter earnings, and the results were somewhat mixed. The company barely beat earnings expectations but fell short on its revenue and same-store sales. And...
President Trump Says It’s Very Close, But…
Global markets aren’t sure what to make of the trade war. Just yesterday, news that a “phase one” deal may not happen in 2019 sent markets lower. All as Beijing pushes for more tariff rollbacks, and as the Trump Administration makes more demands. ...