Result Page 52 for Latest Markets News & Archive

Markets

Vice Media gets $200 million investment from Disney

Walt Disney Co will invest $200 million in Vice Media, the unique video maker that covers current affairs for the Millennials.

Nov 05, 2015 7:55 AM EST

Markets

New Zealand dollar falls: unemployment rate reached as low as 5.9%

New Zealand faces currrency plunges and drastic drop in employment rate to 5.9% in June quarter, with drop in wages, as the economy continues to weaken.

Markets

Struggling telco Sprint Corp cuts $2.5B in opex; jobs, free snacks next

Sprint Corp, one the largest telco companies in the US, is struggling to keep up with subscribers and share price. It is expected by analyst to post lower revenue in its 3Q report, expecting a loss of 8 cents per share.

News

Out of range: Target is closing down 13 stores in the US

Target is closing 13 stores in the US citing declining profits as the main reason for the closure. Eligible workers in the affected stores will be given an option for a relocation.

Oil prices skid on profit booking, supply risk holds losses

Oil prices fell on thin volume following the profit booking from the overnight rally. Oil price is hovering above $50 per barrel as production disruptions in Brazil and Libya arrested the downfall. Analysts say there may not be a year-end rally in oil prices.

Nov 05, 2015 3:03 AM EST

Stocks rally higher as commodity prices rebound

U.S. stocks extended a rally, with the Standard & Poor’s 500 Index reaching a three-month high. The Energy and raw materials went up at least 17% from recent lows while the Nasdaq 100 also recorded a new high compared to July this year.

Nov 05, 2015 3:00 AM EST

Bitcoin Value Keeps Surging Surprisingly

A surprising hike of Bitcoin value occurs in again in October. A Chinese capital outflow is the main reason of the sudde rise.

Nov 05, 2015 2:41 AM EST

Tesla's increase in production outlook brings its stocks higher

Electric-car company Tesla Motors Inc.’s stock went up 8.5 percent after reporting their third quarter earnings.

Nov 05, 2015 2:38 AM EST

Zynga posts $3M profits in Q3, beats expectations

Zynga posts its third-quarter earnings beating analyst expectations as it brings in about $176 million in bookings and revenue of $196 million. Analysts were expecting a loss of 1 cent per share for the company’s earnings.

Nov 05, 2015 12:19 AM EST

Quebec defends support to Bombardier CSeries

Quebec province is positive on its investment decision to extend $1-billion financial package to the struggling Bombardier. Brazilian airline Embraer has lodged complaints against government support to its competitor airline. Bombardiers' CSeries project has been delayed owing to financial problems.

Nov 04, 2015 9:59 PM EST

Hyundai to launch the new brand of luxury sedans: Genesis

Hyundai Motor Co. will launch a standalone luxury car brand called Genesis. The brand will start sales next month with the luxury sedan G90.

Nov 04, 2015 9:16 PM EST

U.S. Ranks Third in the Global Tax Havens List

The United States now ranks third in the list of top tax havens in the world for foreign companies on Tax Justice Network's biannual Financial Secrecy Index.

Nov 04, 2015 5:01 AM EST

Tesla hires Google's former VP

Tesla Motors announced the company has named a new CFO, Jason Wheeler who was vice president of finance for Google and has been working there for 13 years. The announcement was done during a conference call for its third-quarter earnings report.

Nov 04, 2015 3:36 AM EST

Four of 10 products sold online in China are fakes, shoddy

China has released a report saying more than 40% of products sold online are fakes or shoddy, dealing a big blow to the credibility of e-commerce giants like Alibaba. But the report itself is under scrutiny, as it based upon only a limited data.

Nov 04, 2015 3:35 AM EST

Target launches Instacart delivery service for its shoppers in San Francisco

Target has expanded its Instacart delivery service to San Francisco. The service is following the success collaboration in Minneapolis market.

Nov 04, 2015 3:34 AM EST

Drilling activity in Canada set to slow down

The continuous fall in oil price is forcing many drilling companies to reduce rig output in Canada. The oil rigging companies have already been slashing budgets and cutting down jobs to weather the lower oil price regime. The drilling activity is poised for a further drop in next year.

Nov 04, 2015 3:31 AM EST