U.S. Markets News
After Uber and Lyft, Pinterest joins the tech IPO bandwagon
If things go as planned, you could soon be trading Pinterest stocks. The company, which offers a virtual pinboard for…
New Gartner report paints a gloomy picture of Apple’s iPhone sales
Apple Inc. (AAPL) has been struggling with iPhone sales for a while but a new report from Gartner suggests that…
Immune Design stock more than triples as it gets acquired by Merck
Merck (MRK) announced today that it will acquire immunotherapy developer Immune Design (IMDZ) for $5.85 per share in cash for an…
Devon Energy’s stock rallies over 8% on asset sales and cost reduction plans
Devon Energy Corp.’s (DVN) stock jumped 8.8% during mid-day trade on Wednesday after the company laid out its transformation plans,…
Kandi Technologies adds to America’s EV lineup, shares jump 40%
Making a late entry into the highly competitive US electric vehicle market is Chinese firm Kandi Technologies (KNDI). The Zhejiang-based…
Rating downgrade adds to woes of Southwest Airlines; stock falls
Southwest Airlines (LUV) suffered a double whammy this week when a rating downgrade by Goldman Sachs deepened the setback caused…
Google extends cloud push with acquisition of data migration startup
For tech giant Google (GOOG, GOOGL), the primary hurdle in its efforts to expand the cloud business has been the…
Intercept stock surges on positive data from liver fibrosis drug study
Intercept Pharmaceuticals (ICPT) had surged about 25% in the pre-market session on Tuesday after the biopharma company announced positive topline…
Downgrade of General Dynamics reflects weakness in defense sector
The performance of two key segments of General Dynamics (GD) - combat systems and mission systems - was essentially flat…
Kellogg’s looking to buy Indian snack firm worth $3 billion
In order to beat the slowing sales of core serial products, Kellogg’s (K) has been on a global hunt for…