What the market expects from Apple and Amazon
Apple and Amazon report earnings this week. Estimize’s Kieren Dwyer explains what investors are looking for when they report.
UBS expects Tesla's car and battery sales growth to disappoint
Tesla’s shares fell over 4 percent in premarket trading after UBS analyst Colin Langan cut his rating to “sell” from “neutral”, saying he expects the company’s car sales and home battery sales growth to disappoint. Tesla unveiled Tesla Energy, batteries for use in homes and offices, on May 1 and is estimated to have got more than $800 million worth of orders in the first five days. “However, this pace
Gold teeters near five-year low after "bear raid", more losses expected
Gold was on the brink of five-year lows on Tuesday, with more losses expected in the coming months following Monday’s “bear raid” when sellers dumped an estimated 33 tonnes in just two minutes. Within a further minute, the deals had been completed, sending the most-active U.S. gold futures contract down $48 to as low as $1,080.00 per ounce, its weakest since February 2010. Spot gold stood at $1,104.50 per ounce
Citibank to pay $700 mln over credit card practices – U.S. regulator
WASHINGTON (Reuters) – The U.S. Consumer Financial Protection Bureau ordered Citigroup Inc’s (C.N) consumer bank to pay $700 million in relief to borrowers for what the agency said on Tuesday were illegal …
Report suggest US children left behind in economic recovery
A new report on child welfare that found more U.S. children living in poverty than before the Great Recession belies the fanfare of the nation’s economic turnaround. Twenty-two percent of American children …
Greece looks to seal bailout deal in weeks
Greece should wrap up bailout talks with international lenders by August 20, once parliament approves the second package of measures demanded by creditors on Wednesday, the government’s spokeswoman said. Prime Minister Alexis Tsipras has faced a revolt in the ruling Syriza party over the mix of tax hikes and spending cuts demanded by lenders but is expected to get the package through parliament with the support of pro-European opposition parties.
Oil rises as dollar dented, but oversupply in focus
By Amanda Cooper LONDON (Reuters) – Oil prices rose on Tuesday, helped by the dollar’s first daily fall in a week, but still faced their biggest monthly drop since March in the face of a global supply …
Apple earnings in focus for Wall Street
U.S. stocks were expected to open a touch weaker on Tuesday, as earnings season gets into full swing with the likes of Apple reporting this session.
Commodity prices plunge to their lowest since 2002
Raw materials are losing favor with investors as the dollar gains amid signals from Federal Reserve Chair Janet Yellen that the central bank may raise rates this year on the back of an improving U.S. economy.
Amazon's new competition, A&P bankruptcy, and a $100m alien search
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