While trading activity has remained somewhat subdued, stocks have moved mostly lower during trading on Monday. The pullback on the day comes on the heels of the upward move seen in the previous week.
Apple typically schedules its iPhone launch event in September every year. However, the tech giant has not made any official announcement about the new iPhone 7 event date yet.
According to popular and reliable leaker Evan Blass, Apple will ship iPhone 7 during "the week of September 12." He later...
On the heels of last week's Republican National Convention, the results of a new CNN/ORC poll show that GOP presidential nominee Donald Trump has jumped into the lead over likely Democratic nominee Hillary Clinton.
At Home Group Inc., the home décor retail store with 115 stores in 29 states is planning to go public. The pricing of initial public offering is expected in a range of $14 to $16 per share. The company in a filing with the SEC said it has got the approval to list the shares on the NYSE under symbol "HOME."
McDonald's Corp. has suspended sales of Big Macs in Venezuela as the fast food chain is unable to source buns - one of the key components of a burger. Venezuela is suffering from food shortages recently due to an ongoing economic and political crisis.
Following the upward move seen in the previous week, stocks have moved mostly lower in early trading on Monday. Selling pressure has remained relatively subdued, however, limiting the downside for the markets.
Democratic Party Chief Debbie Wasserman Schultz has offered her resignation on the eve of a national convention meant to nominate Hillary Clinton as the party's presidential candidate.
Schultz had come under fire after Wikileaks published Democratic National Committee emails, which appeared to suggest...
Telecom giant Verizon Communications Inc. has agreed to acquire the operating business of struggling Internet company Yahoo Inc. for about $4.83 billion in cash, the two companies said Monday. The transaction is expected to close in the first quarter of 2017.
Sprint Corp. (S) reported the highest fiscal first quarter postpaid phone net additions in nine years with 173,000 in the quarter compared to net losses of 12,000 in the prior year quarter. The company said 185,000 year-over-year improvement was driven by both better acquisition and retention, as postpaid...
British business confidence plunged to its lowest level in seven-and-a-half years, after the surprise "Brexit" vote, survey results from the Confederation of British Industry (CBI) showed Monday. The quarterly CBI Industrial Trends survey showed that 52 percent of firms were less optimistic about the general business situation than three months ago, while 5 percent said they were more optimistic.
Germany's business sentiment weakened in July as the 'Brexit' vote made businesses less optimistic about their future. Nonetheless, they assessed a slight improvement in the current situation. The business climate index fell less-than-expected to 108.3 in July from 108.7 in June, survey results from the Munich-based Ifo economic institute showed Monday. The expected score was 107.5.
Early indications suggest that Wall Street stocks may open Monday's session on a slightly positive note, even as the averages trade either at record high or near highs. Asian stocks ended on a lackluster note, while as stocks opened in Europe, some encouragement came from positive earnings from companies...
European stocks rose on Monday as low-cost airline Ryanair posted a slight increase in first-quarter net profit and William Hill said it received a "highly preliminary" approach from 888 Holdings and Rank Group regarding a potential combination.
Better-than-expected German business sentiment data...
Shares of Telefonaktiebolaget LM Ericsson gained around 4 percent in the morning trading in Stockholm after Swedish telecom equipment maker announced Monday the departure of Hans Vestberg as its President and CEO as well as a Board member, with immediate effect. The move follows a sharp decline in its second quarter profit that triggered significant cost cut initiatives.
Dutch consumer electronics giant Philips Electronics NV reported Monday significantly higher profit in its second quarter, mainly with Funai arbitration award, despite weak sales. Comparable sales growth was 3 percent with improved HealthTech portfolio, despite weakness in Lighting. The company also maintained its outlook for fiscal 2016.