Rising dollar drags down stocks
A strong US dollar pushed down stocks in early trading today. At 10 a.m. Eastern, the Dow Jones industrial average was down 91 points, the Nasdaq composite was down 7 points and the Standard & […]
Stock Markets
Nintendo rose 3.3% on news that the company plans to release a teaser of new gaming console
Nintendo rose 3.3% in Tokyo on news that the company plans to release a teaser video highlighting its new gaming console, codenamed NX, later today. The stakes are high for the unit as console gaming […]
AmEx stock rises after revenue beats forecast
American Express’ stock price jumped 5.8% after the company reported third-quarter revenue that was higher than expected and raised its earnings forecast for 2016. The company plans to expand digital marketing, which aided the addition […]
Morgan Stanley reports 57% increase in Q3 profit
Morgan Stanley beat the estimates with a 57% increase in third-quarter profit as fixed-income trading revenue surged. The bank’s net income rose to $1.6 billion, or 81 cents per share, from $1.02 billion, or 48 […]
Abu Dhabi adds blockchain-based stakeholder voting
The Abu Dhabi Securities Exchange is launching a blockchain voting service to allow stakeholders to participate in annual meetings of listed companies from anywhere in the world as part of a larger effort by the […]
Former AmEx president to succeed Visa CEO
Charles Scharf is stepping down as Visa’s CEO after determining that he needs to be near family in New York. San Francisco-based Visa has appointed board member Alfred Kelly, a former president of American Express, […]
Disney decided against buying Twitter
Disney decided against buying Twitter recently partly due to concerns that the hate speech that’s rampant on the social network would undermine Disney’s (NYSE:DIS) family friendly image, Bloomberg reports. Another reason is that although Twitter […]
IBM’s earnings fell in Q3 but topped estimates
IBM’s earnings fell in Q3 but topped estimates as EPS was $3.29, net profit sank 4% to $2.9B and revenue slipped 0.4% to $19.2B. On the upside, revenue from areas that IBM (NYSE:IBM) calls “strategic […]
Netflix’s shares soared 19% premarket after Q3 earnings
Netflix’s shares soared 19% premarket after Q3 earnings at the online video provider topped forecasts. EPS came in at $0.12, profit rose to $51.5M from $29.4M and revenue jumped 32% to $2.3B. Netflix (NASDAQ:NFLX) added […]