Stock Market News

McDonalds Announces $6 Billion Modernisation Program

  Fast food chain McDonald’s Corp. (NYSE: MCD) and its franchisees are planning to spend $6 billion to revamp most of its 14,000 restaurants in the US and Commonwealth, by the year 2020. The announcement represents the company’s biggest facelift

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SEC Scrutinizes Public Messages Of Tesla’s CEO Elon Musk

  The stock of electric car maker Tesla, Inc. (Nasdaq: TSLA) surged 11%  to $379.57 last Tuesday after CEO Elon Musk said he was looking at the option of taking the company private at a price of $420 per share. This

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HSBC Beats 2Q18 Earnings Estimates, Costs Spiral Upwards

  Europe’s largest bank by assets, HSBC Holdings plc (NYSE: HSBC) reported better-than-anticipated fiscal 2018 second-quarter results. The banking giant also reported first half pre-tax profit that surpassed analysts’ estimates. However, a steep rise in costs has turned the sentiment

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Caterpillar Tops 2Q18 Estimates, Raises FY18 EPS View

  Earth moving equipment manufacturer Caterpillar Inc. (NYSE: CAT) defied slow down expectations to post better than anticipated fiscal 2018 second quarter earnings and revenue. The company also raised its FY18 profit outlook while saying that it would significantly offset

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Boeing Beats 2Q18 EPS View, Raises FY18 Revenue Outlook

  Despite beating fiscal 2018 second-quarter earnings and revenue estimate of analysts, the stock of Boeing Company (NYSE: BA) initially lost more than $10 yesterday, but later closed at $355.92. Lower-than-expected commercial aircraft revenue and FY18 EPS outlook sparked a

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Novartis Beats Q2 Estimates, Reaffirms FY18 Sales View

  Pharmaceutical company Novartis AG (NYSE: NVS) easily surpassed earnings and revenue expectations when it reported fiscal 2018 second quarter results yesterday. Cosentyx and Entresto drugs were revealed as the main driver of growth in the second-quarter. The company also reiterated

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BoA Beats 2Q18 Estimates On Tax Cuts, Cost Savings

  Effective cost-cutting and lower taxes enabled Bank of America Corporation (NYSE: BAC) to post better than anticipated earnings in the fiscal 2018 second-quarter. Additionally, the bank’s plan to invest in technology, lower provision for credit losses and a steep

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Wedbush Analyst Issues ‘Outperform’ Rating to Nike

  The World Cup 2018 (football) is now very much under way and market is already pushing up footwear stocks such as NIKE, Inc. (NYSE: NKE) and Adidas. In particular, the stock of Nike is making new highs recently. It

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Goldman Sachs Raises Netflix Price Target To $490

  On-demand video content provider Netflix, Inc. (Nasdaq: NFLX) shot up yesterday after Goldman Sachs raised its price target by $100. The renowned investment management firm also reiterated its buy rating. The arguments provided by the analyst and the upwardly

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Microsoft Acquires Code Repository GitHub for $7.50 Billion

  In 2016, Microsoft Corporation (Nasdaq: MSFT) acquired LinkedIn for $26.2 billion. The largest acquisition in the history of Microsoft drew sharp criticism from industry observers. At that time, the market failed to see a valuable sales channel in LinkedIn.

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