By Henning Gloystein SINGAPORE (Reuters) – U.S. oil prices dipped on Monday, easing from two-year highs on the prospect of increased U.S. output, although global markets were slightly better supported by expectations an OPEC-led supply cut will be extended. U.S. West Texas Intermediate (WTI) crude futures were at $58.65 a barrel at 0252 GMT, down […]
An employee uses a fuel pump to fill a customer’s vehicle with unleaded petrol in Dubai, United Arab Emirates, on Monday, July 4, 2011. Abu Dhabi National Oil Co., known as Adnoc, may take over petrol stations owned by Emirates National Oil Co. and Emirates Petroleum Products Co. in the northern emirates, Gulf News said, […]
Stitch Fix shares debut on the Nasdaq at $16.90, having priced at $15 the previous night. The online retail service raised $120 million in a downsized IPO that priced below its indicated range of $18 to $20. Following troubles at Blue Apron and Snap, which have tumbled since going public in 2017, analysts and investors […]
FILE PHOTO: A woman exits the Viacom Inc. headquarters in New York, U.S. on April 30, 2013. Viacom Inc, owner of MTV, Comedy Central and Paramount, said Thursday it expects high single-digit declines in revenue from U.S. cable TV operators and online distributors in the first half of 2018, sending its shares down 8 percent. […]
A 1000 gram gold bar is seen at the Kazakhstan’s National Bank vault in Almaty, Kazakhstan September 15, 2017. REUTERS/Mariya Gordeyeva By Vijaykumar Vedala (Reuters) – Gold prices were little changed on Thursday after upbeat U.S. economic data bolstered the prospects of interest rate increases next month and beyond by the Federal Reserve. Spot gold […]
By Vijaykumar Vedala (Reuters) – Gold prices inched down on Tuesday, with the dollar holding steady on higher U.S. Treasury yields amid uncertainty over the outlook for tax reforms in the United States. Higher U.S. bond yields can pressure gold prices as they reduce the appeal of non-yielding bullion, while a stronger dollar makes the […]
Amazon Worth a Trillion a Year From Now, Says Morgan Stanley Amazon (AMZN) will have as much profit from new lines of business — cloud computing, subscriptions, and advertising — in five years’ time as it does today in retail sales, according to Morgan Stanley’s Brian Nowak, who reiterates an Overweight rating the stock, and a $1,250 […]
A successful investor understands the importance of adding well-performing stocks to the portfolio at the right time. NVIDIA Corporation NVDA is one such technology stock that has been on a healthy growth trajectory of late. Shares of this California-based graphic chip behemoth have rallied nearly 5% since its reported solid third-quarter fiscal 2018 results. Moreover, the stock […]
Yahoo Finance’s call of the week is a series of downgrades on Snap (SNAP), the parent company of Snapchat. UBS, JPMorgan, RBC Capital Markets, Stifel and Morgan Stanley all lowered their ratings on the social media company following its disappointing third-quarter results. The bearish calls sent shares tumbling. The stock is down 16.4% since reporting […]
All revenue categories top estimates except auto hardware sales Nvidia Corp. shares rose almost 4% in premarket trade Friday, extending late-session gains after the Santa Clara, Calif.-based graphic processing unit maker’s quarterly results and revenue outlook topped Wall Street estimates. Nvidia NVDA, +5.27% shares were last up 3.6%. That follows a 1.8% decline in Thursday’s regular session. […]
Like a teen’s pair of jeans, J.C. Penney’s (JCP) stock has been torn to shreds. The department store lowered its full-year same-store sales, profit and earnings forecast Friday, predicting that its sales will be flat at best or fall by 1%. It cut its adjusted earnings from 40 cents to 60 cents to 2 cents […]
The sky is falling for Advanced Micro Devices . Or at least, that’s how it feels. AMD stock fell almost 15% last week and opened Monday’s trading session lower by 6% before bouncing slightly so far in early trading. Analysts at Morgan Stanley downgraded shares of Advanced Micro Devices to underweight from equal weight, moving […]
