Finance Daily

Finance Daily

Consumer Sentiment Gauge Falls More Than Anticipated in August on Tariff Concerns

Consumer Sentiment Gauge Falls More Than Anticipated in August on Tariff Concerns

A monthly gauge of consumer sentiment fell more than expected in August from the month before as survey respondents indicated concerns about tariffs. The University of Michigan’s flash consumer index, an indicator of the future course of the national economy, posted a 92.1 reading for the first half of the […]

by × August 16, 2019 × 0 comments

Finance Daily

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Teva Pharmaceutical Credit Rating Cut to Negative at Moody’s

Teva Pharmaceutical Industries (TEVA), an Israeli maker of generic drugs, had its credit-rating outlook cut to negative from stable by Moody’s Investors Service amid concerns about refinancing needs over its exposure to opioid-relation lawsuits. The rating was affirmed at Ba2, the second-highest non-investment grade level, Moody’s said in a note […]

by × August 14, 2019 × 0 comments

Finance Daily

BBA Aviation’s Underlying Earnings Fall as Costs Rise in First Half

BBA Aviation’s Underlying Earnings Fall as Costs Rise in First Half

BBA Aviation (BBA.L), a British aviation services group, said early on Monday that a fall in its first-half underlying earnings as higher costs ate into sales was “in-line” with its expectations. Reported sales from continuing operations rose to $1.26 billion during the six months that ended June 30, from $1.02 […]

by × August 5, 2019 × 0 comments

Finance Daily

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United Technologies Boosts Full-Year Projections

United Technologies (UTX) raised its outlook for the full year on Tuesday after reporting second-quarter results that came in ahead of Wall Street’s projections, with sales driven by a surge in aerospace systems. The maker of Pratt & Whitney engines and Carrier air conditioners now sees adjusted 2019 earnings per […]

by × July 23, 2019 × 0 comments

Finance Daily

Morgan Stanley’s Second-Quarter Results Beat Views

Morgan Stanley’s Second-Quarter Results Beat Views

Morgan Stanley (MS) on Thursday posted better-than-expected second-quarter earnings and revenue despite net revenues falling in the firm’s investment banking and sales and trade businesses. The New York-based investment bank reported per-share earnings of $1.23 for the quarter ended June 30, down from $1.30 for the prior-year period but ahead […]

by × July 18, 2019 × 0 comments

Finance Daily

Slack Technologies Gets Buy Rating Initiation From Canaccord Genuity

Slack Technologies Gets Buy Rating Initiation From Canaccord Genuity

Slack Technologies (WORK) was initiated with a buy rating and a price target ahead of its current trading level at Canaccord Genuity on Monday on expectations that the messaging platform is at the right time to win the market and close the door on its competition. The company, which began […]

by × July 15, 2019 × 0 comments

Finance Daily

Consumer Confidence Gauge Slides Lower

Consumer Confidence Gauge Slides Lower

A key gauge of consumer confidence moved lower in June, falling short of analysts’ expectations following an increase in May but remained high by historical standards. The Conference Board’s Consumer Confidence Index declined to 121.5 in June, down from a downwardly revised prior month’s reading of 131.3. This was below […]

by × June 25, 2019 × 0 comments

Finance Daily, Markets

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US States File Lawsuit in Bid to Block Planned Sprint, T-Mobile Merger Over Competition Concerns

Several US states including California and New York filed a lawsuit to stop the tie-up between T-Mobile US (TMUS) and Sprint (S) over claims the deal is anti-competitive and would drive up prices across the country. The complaint was filed in the US District Court for the Southern District of […]

by × June 12, 2019 × 0 comments

Finance Daily, Stock Central

Dropbox Introduces New Workspace to Bring Files, Tools, and Teams Together

Dropbox Introduces New Workspace to Bring Files, Tools, and Teams Together

Dropbox (DBX) shares trimmed losses in afternoon trading on Tuesday as the collaboration platform said it has introduced a new integrated workspace. With updates to the Dropbox desktop experience, dropbox.com, and the mobile app, users get a single workspace designed to bring files, fragmented work tools, and teams together, the […]

by × June 12, 2019 × 0 comments