U.S. Markets News
European competition threatens AbbVie’s run of top-selling Humira
US pharma giant AbbVie Inc (ABBV) cut its overseas sales forecast on Friday for its offering Humira, on expected pricing…
Key management comments from Apple Q4 2018 earnings conference call
Apple (AAPL) shares plunged 7% on Thursday during after-market trading after the company reported fourth quarter results. Even though it…
Apple Q4 results beat estimates; stock falls on weak iPhone sales, guidance
Announcing the first quarterly results after achieving the $1-trillion valuation milestone, Apple (AAPL) reported record earnings for the fourth quarter…
Brexit could spur interest rate hikes after holding rates at 0.75%
The UK headline interest rate is maintained as expected at 0.75% by the Bank of England. The bank projected interest…
Starbucks keen on getting its brew right during holidays
After enticing customers with its Halloween-themed frappuccino, Starbucks (SBUX) is all set to make the holiday season special for coffee…
Higher costs drag Marathon Petroleum Q3 earnings; stock dips
Marathon Petroleum Corp. (MPC) reported a decline in third-quarter earnings hurt by higher operating costs, despite strong revenue growth. Following…
There are way too many ‘zombie’ homes in America: Report
American cities are too busy, and one might think people really don't have enough space to live. However, if we…
Companies reporting earnings this week: Oct 29 – Nov 2
A slew of major companies are reporting earnings this week. Industrial conglomerate General Electric (GE) will announce third-quarter earnings on…
Affordability takes a beating as home prices, mortgage rate zoom
A key area of the economy that remained subdued this year is the housing sector, even while overall growth gathered…
Strong earnings help Wall Street tide over Octoberphobia declines
October is one month that terrifies investors, thanks to its notorious past. Historically, this month has been the most volatile…