Markets News

AIG Swings to Q3 Loss on Sharp Rise in Hurricane Costs

  The hurricanes, Harvey, Irma, and Maria dropped a huge bill of about $120 billion on the US insurers. Still, the large players posted a third-quarter profit that beat analysts’ estimates. However, it was not the case with American International

Read More

Tesla Swings to Q3 Loss, Postpones Model 3 Targets

  Electric car manufacturer Tesla, Inc. (NASDAQ: TSLA) reported a swing to a loss in the fiscal 2017 third-quarter, compared with a net profit in the corresponding quarter of 2016. The quarterly net loss also missed analysts’ estimates. Investors punished

Read More

Las Vegas Tops Q3 View on Recovery in Macao Gaming Mkt.

  Aided by a strong recovery in the Macau gaming market, the hotel, retail mall, and gaming company Las Vegas Sands Corp. (NYSE: LVS) reported a 7.7% increase in the fiscal 2017 third-quarter revenues, compared with the corresponding quarter last

Read More

Baidu Beats Q3 Outlook, Issues Weak Q4 Outlook

  Chinese search engine giant Baidu, Inc. (NASDAQ: BIDU) reported third-quarter earnings that were almost double than anticipated by analysts. The revenue was in line with the Wall Street expectations. Still, the stock lost about $30 to trade at $230

Read More

Amazon Crushes Q3 Earnings View on 42% Rise in Cloud Rev.

  Traditionally, third-quarter is a large investment period for Amazon. Further, the company usually prepares itself to meet the strong demand in the holiday season. Thus, investors do not anticipate huge profit in the third-quarter period. However, the theory was

Read More

Intel Beats Q3 Estimates, Raises FY17 Rev. Outlook

  On October 26th, semiconductor chip manufacturer Intel Corporation (NASDAQ: INTC) reported a 33.6% increase in the fiscal 2017 third-quarter net income, compared with the similar period of 2016. The company also surpassed analysts’ estimates. Further, Intel also raised its

Read More

Investors Await Updates on Ethereum Protocol, at Devcon3

  Barring a few days in the past two months, the ETHUSD pair had remained range bound between $280 and $300. The ban on Bitcoin exchanges and ICO’s (Initial Coil Offerings) in China were largely responsible for the range bound

Read More

GM Swings to Loss in 3Q17, Reaffirms FY17 EPS View

  The world’s third largest auto manufacturer General Motors Company (NYSE: GM) reported a swing to GAAP net loss in fiscal 2017 third-quarter, compared to a net profit in the same period of fiscal 2016. However, the Q3 non-GAAP net

Read More

McDonald’s Q3 Same-Store Sales Growth up 4.1% y-o-y

  The US markets hit a record high last week. However, the stock of Chicken McNuggets seller McDonald’s Corporation (NYSE: MCD) did not rally and remained bearish. The company reported fiscal 2017 third-quarter earnings that missed analysts’ estimates by a

Read More

Bitcoin Turns Weak After Hard Fork

  The BTCEUR crypto currency pair was on a tear between October 1 and October 20, mainly due to the anticipation of the Bitcoin Gold fork that happened on Tuesday. Since investors holding Bitcoins would receive the new crypto currency

Read More