Business News
Earnings: American Express Q2 results beat on strong card member spending; reaffirms FY19 outlook
Revenues of credit card company American Express (NYSE: AXP) increased in the second quarter and surpassed the estimates, driving the…
Earnings: Intuitive Surgical Q2 results beat on strong sales of da Vinci systems
Earnings and revenues of robotic surgery leader Intuitive Surgical (Nasdaq: ISRG) rose sharply in the second quarter, aided by a…
Schlumberger to post weak Q2 results as North America woes persist
Oilfield services giant Schlumberger (NYSE: SLB) will be unveiling its second-quarter financial results on Friday before the market opens. Considering…
Morgan Stanley Q2 earnings, revenue fall on trading slump but beat Street view
Investment banking firm Morgan Stanley (NYSE: MS) reported a decline in second-quarter earnings and revenues amid continued weakness in the…
Earnings preview: Here’s all you need to know ahead of Skechers’ Q2 report
Skechers, Inc. (NYSE: SKX) has been an investors’ favourite due to its positive earnings surprises and stable financial performance in…
Earnings preview: UnitedHealth bets on Medicare plans, Optum biz to drive Q2 growth
Health insurance giant UnitedHealth (NYSE: UNH) will be announcing its second-quarter financial results Thursday before the opening bell. While the…
Bank of America Q2 earnings top estimates, revenues miss
Bank of America (NYSE: BAC) reported higher earnings and revenues for the second quarter. While earnings exceeded the market’s expectations,…
Earnings preview: Morgan Stanley to feel the pinch of trading weakness in Q2
Morgan Stanley (NYSE: MS) had a slow start to 2019 after its fourth quarter was marred by the slump in…
Goldman Sachs Q2 earnings, revenue decline but beat estimates
Goldman Sachs (NYSE: GS) reported a 3% drop in second-quarter earnings, hurt by a decline in revenues. The results, however,…
Earnings preview: Sentiment mixed as Citigroup prepares to kick off bank earnings
When Citigroup (NYSE: C) kicks off bank earnings next week, the market will be closely following the event for insights…
What next for healthcare stocks after govt decision on drug rebate spurs rally?
The market reacted quickly to President Trump’s decision to withdraw the plan to do away with rebates in the government's…
Mylan under pressure as shortage of anti-allergy injector persists
Pharmaceutical company Mylan (Nasdaq: MYL), which has been facing criticism for the short supply of its anti-allergy injector EpiPen, suffered…
Why Square is a tech stock investors shouldn’t ignore
Square, Inc. (SQ), the e-commerce solutions provider headed by Twitter CEO Jack Dorsey, was one of the biggest gainers in…
Levi Strauss stock falls after Q2 earnings drop on IPO costs, miss estimates
Denim specialist Levi Strauss (NYSE: LEVI), which returned to the public market two months ago, reported weaker than expected earnings…
Cisco reinforces optical networking with $2.6-billion acquisition of Acacia
Taking forward the initiatives to ramp up its networking portfolio, Cisco Systems (Nasdaq: CSCO) Tuesday agreed to acquire Acacia Communication…
Electronic Arts slips after Apex Legends season-2 fails to enthuse gamers
Shares of Electronic Arts (Nasdaq: EA) dropped about 5% Friday as the market sentiment was hit by reports that Apex…
BMW faces fresh challenge as CEO Harald Krueger steps down
BMW Friday announced the retirement of chief executive officer Harald Krueger amid speculations about his future in the company after…