Tencent and Netease pops up as China reinstates gaming approvals
Tencent Holdings, the Chinese Internet and gaming conglomerate, and its peer NetEase (Nasdaq: NTES) jumped on Friday following Chinese government’s...
U.S. Markets News
US stock market overview from AlphaStreet. Get updates on the major US stock exchanges including Dow Jones, NYSE, NASDAQ and S&P.
CrowdStrike: The cybersecurity firm you need to watch out for next year
As cyber threats and security breaches increasingly become commonplace, it lays fertile grounds for innovative cybersecurity firms. BlackBerry’s (BB) recent...
PepsiCo North America chief to retire, Frito-Lay and Beverages get new chiefs
PepsiCo, Inc. (PEP) announced today that its North America CEO Albert P. Carey will retire at the end of March...
Market: US futures point to lower open on shutdown concerns
US futures are pointing to a lower open in the stock market today after ending on a negative note on...
Apple rout deepens after Qualcomm wins partial ban on iPhone sales in Germany
The ongoing patent infringement litigation between Apple (AAPL) and Qualcomm (QCOM) took a new turn this week after the latter...
Altria announces minority stake in JUUL and cost reduction plans
Altria Group Inc. (MO) acquired a 35% stake in e-cigarette company JUUL Labs Inc. (JUUL) through a $12.8 billion investment...
Budweiser-parent mulls pot-based drinks, inks JV with Tilray
The world’s largest brewery and the parent company of Budweiser, AB InBev (BUD), has given potheads more reasons to cheer...
Allergan stock plunges to 5-year low after product recall in Europe
Allergan (AGN) suffered a major setback Wednesday after European regulators asked the company to stop the sale of its textured...
GSK teams up with Pfizer to announce major changes to business
GlaxoSmithKline plc (GSK) and Pfizer Inc. (PFE) have decided to combine their consumer health businesses in an all-equity transaction that...
GE shares spike on reports of healthcare unit spin-off
General Electric (GE) shares jumped 8% during intra-day trading on Wednesday after the company reportedly filed for the IPO of...
Federal Reserve likely to lift rates by a quarter point
The Federal Reserve is widely expected to lift the key borrowing rate for the fourth time this year by a...
New dawn for urban transport as Elon Musk unveils first underground tunnel
Putting an end to speculations, the futuristic transportation tunnel envisaged by Tesla (TSLA) CEO Elon Musk was opened in Los...
SoftBank Corp’s massive debut-day slump pulls down Tokyo market
SoftBank Corp, the telecommunications unit of SoftBank Group Corp, closed down 14.5% on its first trading day at the Tokyo...
Credit Suisse turns bearish on S&P 500 amid volatility, cuts price target
Wall Street is probably set for a not-so-impressive start to 2019, if the current trend is any indication. Compared to...
Confidence of Twitter users, investors hit by deepening security woes
With incidents of data breach becoming increasingly prevalent, going forward the credibility of social networking platforms will depend on their...
Google drops Chinese search engine plans for now
Alphabet Inc.’s (GOOGL) subsidiary Google is said to have shut down the development of a censored search engine for China,...
Major infrastructure investments by FAANG members
Three members of the FAANG group – Apple (AAPL), Amazon (AMZN) and Google have announced major investments for new infrastructure....
A look at sales trends and forecasts in the US automobile industry
A report by the National Automobile Dealers Association (NADA) has forecasted that the sales of new cars and light trucks...
Companies reporting earnings this week: Dec 17 – 21
A slew of major companies are reporting earnings this week. Open-source software company Red Hat (RHT) will announce third-quarter earnings...
Goldman downgrade is a call for Walgreens to revisit biz strategy
Shares of pharmacy store chain Walgreens Boots Alliance Inc. (WBA) dropped sharply Friday after they were downgraded by Goldman Sachs,...
Johnson & Johnson: Key points on the asbestos report and stock slide
Johnson & Johnson’s (JNJ) stock fell over 8% in intraday trade on Friday after Reuters published a report stating that...