U.S. Markets News
GE shares spike on reports of healthcare unit spin-off
General Electric (GE) shares jumped 8% during intra-day trading on Wednesday after the company reportedly filed for the IPO of…
Federal Reserve likely to lift rates by a quarter point
The Federal Reserve is widely expected to lift the key borrowing rate for the fourth time this year by a…
New dawn for urban transport as Elon Musk unveils first underground tunnel
Putting an end to speculations, the futuristic transportation tunnel envisaged by Tesla (TSLA) CEO Elon Musk was opened in Los…
SoftBank Corp’s massive debut-day slump pulls down Tokyo market
SoftBank Corp, the telecommunications unit of SoftBank Group Corp, closed down 14.5% on its first trading day at the Tokyo…
Credit Suisse turns bearish on S&P 500 amid volatility, cuts price target
Wall Street is probably set for a not-so-impressive start to 2019, if the current trend is any indication. Compared to…
Confidence of Twitter users, investors hit by deepening security woes
With incidents of data breach becoming increasingly prevalent, going forward the credibility of social networking platforms will depend on their…
Google drops Chinese search engine plans for now
Alphabet Inc.’s (GOOGL) subsidiary Google is said to have shut down the development of a censored search engine for China,…
Major infrastructure investments by FAANG members
Three members of the FAANG group – Apple (AAPL), Amazon (AMZN) and Google have announced major investments for new infrastructure.…
A look at sales trends and forecasts in the US automobile industry
A report by the National Automobile Dealers Association (NADA) has forecasted that the sales of new cars and light trucks…
Companies reporting earnings this week: Dec 17 – 21
A slew of major companies are reporting earnings this week. Open-source software company Red Hat (RHT) will announce third-quarter earnings…