Home / Markets

 
  • Middle East Stocks Mixed

    Middle East Stocks Mixed

    Mideast shares were mixed, with Gulf shares boosted by higher oil prices and hopes for US-China trade talks. Qatar climbed to the highest level since February. Oil prices jumped after Iran shot down an unarmed, unmanned US drone and said it did not intend to go to war but is ready for one. Saudi stocks, though, fell on fears of... Continue reading

     
  • Tesla Delivering 1,000 Vehicles Per Day in Attempt to Break Quarterly Record

    Tesla Delivering 1,000 Vehicles Per Day in Attempt to Break Quarterly Record

    Tesla (TSLA) is currently delivering electric vehicles at a rate of 1,000 per day in North America, in a bid to achieve record deliveries this quarter, Electrek reported on Friday, citing sources familiar with the matter. The electric car company is counting on quick sales in the North American market to achieve the record. Electrek previously reported that Tesla is... Continue reading

     
  • Sprint, T-Mobile Shares Rise as Justice Department Reportedly Nears Approving Merger

    Sprint, T-Mobile Shares Rise as Justice Department Reportedly Nears Approving Merger

    Sprint (S) shares were up 3% and T-Mobile (TMUS) shares were up 1% on Friday afternoon, after The New York Times reported that the Justice Department is moving closer to approving the $26 billion merger between the two carriers, but only if the companies sell multiple assets to create a new wireless competitor, according to three sources familiar with the... Continue reading

     
  • MicroVision Gets Nasdaq Global Market Listing Deficiency Notice

    MicroVision Gets Nasdaq Global Market Listing Deficiency Notice

    MicroVision (MVIS), a technology company, said after markets closed on Friday that it has received a listing deficiency notice from the Nasdaq Stock Market. Nasdaq advised the company that for 30 consecutive business days, the bid price of the company’s share had closed below the $1 per share minimum required for continued listing, MicroVision said in a statement MicroVision has... Continue reading

     
  • Goldman Sachs to Combine 4 Units And Plan to Raise Money

    Goldman Sachs to Combine 4 Units And Plan to Raise Money

    Goldman Sachs Group (GS) plans to combine four separate units that invest in private companies, real estate and other hard-to-access deals, create a new unit and plan a fundraising blitz, according to people familiar with the matter, cited by the Wall Street Journal. The division’s exact makeup will take shape over the next few months, but it is likely to... Continue reading

     
  • Ascential Reiterates Full Year Guidance

    Ascential Reiterates Full Year Guidance

    Ascential (ASCL.L), a British business-to-business media firm, said on Friday that it is trading in line with expectations for the full year as its marketing segment is expected to have delivered a 12% surge in sales during the first half. The London-based firm, which uses business intelligence, events, and advisory services to anticipate trends and connects brands to sector-specific expertise,... Continue reading

     
  • Crest Nicholson First-Half Revenue Rises

    Crest Nicholson First-Half Revenue Rises

    British property development company Crest Nicholson (CRST.L) reiterated its full-year guidance on Tuesday as it posted a single-digit increase in revenue during its fiscal first half which was supported by rising average selling prices. The Chertsey, Surrey-headquartered company generated revenue of 501.9 million pounds ($637.8 million) in the six months ended April 30, up 7% from the corresponding period of... Continue reading

     
  • Wall Street Falters Ahead of Opening Bell as China Toughens Trade War Rhetoric

    Wall Street Falters Ahead of Opening Bell as China Toughens Trade War Rhetoric

    US stocks were set for a downbeat session Friday after Chinese state-run media toughened their rhetoric on the increasingly acrimonious trade dispute between two of the world’s largest economies. In a front page commentary, the Communist Party’s People’s Daily said the trade war with the United States will only make China stronger and will never bring the country to its... Continue reading