Posts From Janine

Janine

Janine

Janine is our editor for related stock market news. Andrew and Janine will be focusing on providing the latest trends and where the next hit could be

GE Announces $5bln. Debt Buy Back, Market Unmoved

  General Electric (NYSE: GE) has revealed its intention to repurchase debt worth $5 billion in an attempt to slash debt load, which will aid its turnaround in operations. The company’s buyback will include a combination of 2.5 billion of

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Elliott Management Acquires $3.20bln Stake In AT&T

  The shares of AT&T Inc. (NYSE: T) soared $0.79 or 2.15% to close at $37.58 yesterday after activist investor Paul Singer’s Elliott Management took a $3.20 billion stake in the telecom company’s stock. It is the largest investment ever

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Bank of Russia Cuts Rate For 3rd Time on Weak Inflation

  The Bank of Russia slashed the benchmark interest rate in line with the previous guidance, the third rate cut in as many policy meetings, and hinted further easing as economic growth remains sluggish and inflation remains weak. However, the

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RBC Analyst Forecasts 45% Upside for Amazon

  The shares of the e-commerce giant Amazon.com, Inc. (Nasdaq: AMZN) is forecast to appreciate by over 50% in the coming year, according to Mark Mahaney, an analyst at RBC. Specifically, in his research note to clients, Mahaney has stated

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Dollar General Surges 10% As Q2 Earnings Blew Estimates

e   The shares of the American chain of variety stores Dollar General Corporation (NYSE: DG) rose 10.68% or $15.06 to close at $156.09 yesterday after the $36.43 billion enterprise easily surpassed the Street estimates for the second quarter of

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JnJ Fined $572mln. in Oklahoma Opioid Crisis

  Johnson & Johnson (JNJ) was slapped with a fine of $572 million by an Oklahoma judge after finding the medical devices and pharmaceutical company responsible for fueling the opioid drug epidemic. It is the first decree in the US

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Nordstrom Posts Mixed Q2 Results, Cuts FY19 Outlook

  Shares of the luxury department store chain Nordstrom, Inc. (NYSE: JWN) soared 15.26% or $4.21 to close at $30.75 after the company posted mixed quarterly results that showed a decline in sales, but blew away Wall Street earnings forecasts.

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GE Down Despite Clarification Given To Fraud Investigator

  The stock of General Electric Company (NYSE: GE) plunged last week after Harry Markopolos, a whistleblower known for bringing to light Bernie Madoff’s Ponzi Scheme, cautioned investors of accounting fraud “bigger than Enron and WorldCom combined.” In his 175-page

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Walmart Beats Q2 Earnings Expectations, Boosts FY20 View

  The world’s largest retailer Walmart Inc. (NYSE: WMT) reported a swing to profit in the second quarter of fiscal 2020, compared to a net loss in the year-ago period. The third-largest employer in the world also exceeded the Wall

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JD.com Rallies 13% On Swing To Q2 Profit

  Shares of JD.com Inc. (NYSE: JD), one of the world’s largest e-commerce platforms based on sales, jumped 12.89% or $31.50 to close at $30.66 after the company swung to profit in the second quarter of fiscal 2019. The company

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