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

KB Homes Beat on Q1 Earnings, Withdraws FY 2020 View

  The house construction company KB Home (NYSE: KBH) reported fiscal 2020 first-quarter earnings that almost doubled from last year. The company also blew away the earnings estimate of analysts. As the market stares at unparalleled levels of uncertainty, the

Read More

Baird Upwardly Revises Netflix to ‘Outperform’

  The on-demand video provider Netflix Inc (NASDAQ:  NFLX) was upgraded to an ‘Outperform’ from a ‘Neutral’ rating by William Power, an analyst at Baird, citing that the company continues to record a surge in subscriber count in coronavirus infected

Read More

Canadian Dollar Declines as Oil Plunges to $20 Per Barrel

  The greenback rallied against the Canadian dollar after Statistics Canada reported lower-than-anticipated median consumer price index for February. The loonie’s decline was also aided by fears of a global recession, which has encouraged speculators and money managers to aggressively

Read More

Pentagon To Review JEDI $10bln. Cloud Contract

  The New York court filings made by the US Department of Defense indicates that it is interested in relooking at the multi-billion-dollar cloud contract awarded to Microsoft Corporation (Nasdaq: MSFT). The cloud division of the online retailer Amazon.com, Inc.

Read More

China’s Exports Plummet 17.2% in January-February Period

  In the offshore market, the Chinese yuan lost 0.3% to trade at 6.9053 a dollar as data published by the country’s General Administration of Customs indicated a sharp decline in exports from January to February. As the country grapples

Read More

Walmart Joins Hyperledger Along with Seven More Firms

  The cryptocurrency market remains range bound with Bitcoin (BTC) hovering around $9,000. In the past 24 hours, Bitcoin has gained 0.8% to trade at $8,889.43. Ether (ETH) has gained 0.1% to trade at $226.64. Likewise, XRP has gained 0.2%

Read More

Microsoft Issues Q3 Earnings Warning on Virus Concerns

  Microsoft (Nasdaq: MSFT) announced on Thursday that it might miss the quarterly revenue outlook issued earlier for the personal computing segment, which includes Windows, tablets and Surface laptops. The company clarified that the likelihood of missing the earlier guidance

Read More

Fidelity Buys 5.6% Stake in Crypto Platform Provider OSL

  The cryptocurrency market is undergoing a slight price correction as Bitcoin (BTC) struggles to cross above the $10,000 level. At the time of writing this article, Bitcoin has lost 3.1% in the past 24 hours to trade at $9,575.01.

Read More

Novartis Receives EC Approval for Beovu to Treat Wet AMD

  Novartis AG (NYSE: NVS) has revealed that the European Commission (EC) has approved its injection, Beovu (brolucizumab), for wet age-related macular degeneration (AMD) therapy, which is the main reason for blindness across the globe. The decision made by the

Read More

Malaysian Economic Growth Tumbles to Decade Low

  The Malaysian ringgit declined against the greenback after the data published by the central bank of Malaysia (Bank Negara Malaysia or BNM) indicated that the country recorded its slowest rate of growth in a decade in the fourth quarter.

Read More