U.S. Markets News
Netflix, YouTube are the Pied Pipers of cord-cutting
Netflix (NFLX) has been giving traditional cable companies nightmares for quite some time now. Several major companies in the entertainment…
Biogen stock gains on upbeat Q2 results
Biotechnology giant Biogen (BIIB) reported second-quarter results that exceeded analysts' estimates, pushing the shares up more than 5% during pre-market…
US home sales slide for third consecutive month
Sales of existing homes in the US fell for the third consecutive month in June. A shortage in inventory and…
New round of tariffs could put pressure on Apple Watch and Fitbit
The new set of tariffs proposed on $200 billion of Chinese imports is likely to hit several gadgets such as…
General Electric posts adjusted EPS of $0.19 for Q2; beats estimates
Industrial conglomerate General Electric (GE) reported its second-quarter earnings before the bell today. The company reported a beat on revenue…
Move over, Apple! Amazon might be the first trillion-dollar company
Amazon.com Inc. (AMZN) is catching up fast with Apple Inc. (AAPL) in the race to reach $1 trillion in market…
Housing starts hit 9-month low as construction slump deepens
The construction sector, which is currently going through a challenging phase, has been the main drag on the economy since…
Abbott posts 17% sales growth for Q2; beats estimates
Healthcare giant Abbott Laboratories (ABT) reported its quarterly results for its second quarter of 2018 today before the opening bell.…
China’s trade surplus with US hits all-time high as tariffs backfire
When the trade standoff between the world’s largest economies intensified in recent weeks, market watchers had cautioned that a further…