Business News
Earnings preview: Verizon thrives on subscription, 5G rollout ahead of Q3 report
Verizon’s (VZ) wireless network witnessed numerous innovations before emerging as the preferred network of American households, and the efforts are…
Robust beauty sales boost P&G earnings in Q1; stock gains 5%
Consumer goods giant Procter & Gamble (PG) reported higher organic sales and earnings for the first quarter when strong demand…
Skechers Q3 earnings beat on record high sales; stock jumps
Sportswear firm Skechers (SKX) Thursday said its revenues rose to a record high in the third quarter. Earnings declined modestly,…
Activision sinks 8% as new Call of Duty misses some early shots
Continuing the rapid growth seen in recent years, gaming is probably on the fast-track to outperforming the mighty film industry…
Tech sector in spotlight once again as Palantir plans mega IPO
It seems the IPO fever is taking the tech sector by storm, with every other Silicon Valley start-up seeking to…
Blackstone thrives on equity growth; Q3 results beat estimates
The persistent uptrend in the stock market in recent months pushed up Blackstone Group’s (BX) third-quarter results, which also topped…
Elon Musk to buy more shares as his grip on Tesla continues to loosen
It must have been a very unpleasant experience for Elon Musk to step down as chairman of Tesla (TSLA) after he…
Fresh hope for GE Power after Trump lobbies for major deal with Iraq
Despite the deteriorating financial health and operational challenges, General Electrical (GE) has remained buoyant about its turnaround strategy and issued…
IBM falls 4% as revenue recovery falters in Q3; earnings beat
The persistent softness in the IBM’s (IBM) top-line performance worsened in the third quarter when revenues dropped and missed analysts’…
Walmart feels the pinch of Flipkart deal, sees softer earnings growth next year
Store operator Walmart (WMT) had encountered multiple challenges before making a full-fledged entry into the Indian market earlier this year.…
PayPal upbeat ahead of Q3 earnings as buyouts continue to pay off
Not many Wall Street companies have managed to scale up their operations with such efficiency as PayPal (PYPL) did in…
Mixed Q3 results in the offing for American Express shareholders
Credit card operator American Express (AXP) is preparing for its third-quarter earnings report at a time when the financial services…
Thriving on strong traffic, United Continental to defy fuel woes in Q3
The airline industry has managed to come out unscathed from the rising fuel costs so far, thanks to the stable…
Bank of America to benefit from lower expenses, trading recovery in Q3
The banking sector is currently going through a challenging phase, marked by rising interest rates and tariff-related headwinds. When Bank…
Automakers on alert as China’s car market hits a bumpy road
The growth of China’s automobile industry has been in tandem with the country’s booming economy, outperforming its global peers to…
Post-selloff, stock futures stabilize as consumer price growth cools
It is natural that investors look for solace in economic indicators whenever there is a stock crash, like the mid-week…
Walgreens Q4 earnings beat; stock tanks on sales miss
Benefitting from strong pharmacy sales in the US, earnings of drugstore chain Walgreens Boots (WBA) rose sharply and topped Wall…
Get ready for movies-on-demand, HBO shows and much more from AT&T
For telecom giant AT&T (T), the acquisition of entertainment network HBO and its parent Time Warner earlier this year came…
Consumer banking in focus as Citi gears up for Q3 earnings
Citigroup (C) is currently in the midst of a comprehensive reorganization, mainly involving realignment of the investment banking division and…