U.S. Markets News
GameStop (NYSE: GME) to divest its Spring Mobile unit for $700 million
GameStop (GME) to sell its Spring Mobile division for $700 million to the Sugar Land, Texas-based Prime Communications. Spring Mobile…
Retail sector may be heading to a dry holiday season
The run-up to the holiday season has never been so disappointing for the retail industry, with lackluster financial performance and…
IKEA Group to cut 7,500 jobs
IKEA Group looks to cut 7,500 jobs in the next couple of years, according to the company. The furniture giant…
3 stock market trends for the Black Friday week
As we speak, another Black Friday is here. Retailers are apparently busy with their eleventh-hour dash to make sure they…
FAANG stocks lose their sheen in tech rout
2018 has not been a great year for tech stocks, especially the latter half. The worst performers were, in fact,…
Q3 Earnings Preview: It’s a cherish or perish scenario for Foot Locker
Foot Locker (FL) will be issuing its third quarter earnings press release after the US markets close on Tuesday, November…
Apple stock selloff after production cut shows iPhone buzz is fading
The Apple (AAPL) management has probably got carried away by the success of iPhone, and nowadays the launch events are coming…
Facebook’s crisis continues to hurt its stock
Facebook Inc. (FB) seems to be facing another round of trouble. According to a report by The Wall Street Journal,…
Do markets open on Thanksgiving Day or Black Friday? All you need to know this week
The holiday season is almost here, with two much-awaited days – Thanksgiving and Black Friday – almost at the doorstep.…
GE takes ‘power’ rejig to next level with new leadership team
General Electric (GE), the troubled industrial giant that has long been on a restructuring spree, seems to be trying new…