Result Page 73 for Latest Markets News & Archive

Markets

Walmart reduces working hours at some stores after raising pay, thus raising cost

Walmart cuts working hours on 4,600 stores. Reports said this is due to Walmart's $1B lost when the retail company increases its workers' wages last April.

Sep 01, 2015 5:18 AM EDT

World

Oil price up 27% in just 3 sessions; OPEC agrees on a fair price deal

Oil price recovered as two sets of news made it positive for the energy sector. Opec says it'll try to get a fair price deal by speaking to other oil producers. The cut down in US Eenrgy production forecast also boosted the market sentiment. Oil price rose 27% in just last three sessions.

Markets

Nordstrom, TJMaxx earnings report upbeat; Kohl's is down

TJX Companies, Ross Stores, and Burlington experience an upbeat second-quarter income report, so did Nordstrom. But Kohl’s seems to be slumping with its second-quarter report.

News

Alibaba Pictures lost $24M in first semester amid twists and turns

Alibaba Pictures Group, the film-making unit of the Chinese e-commerce giant, announced Friday that it lost 151.8 million Yuan ($24 million) in the first half of 2015.

The US stocks turn attractive on lower PE ratios

After the market downfall, many US stocks turn attractive as they're no more over prices equities. The lower PE ratios make it attractive for investors.

Sep 01, 2015 4:28 AM EDT

Minecraft creator expressed existential meltdown on Twitter, feeling unmotivated, isolated

Minecraft creator Markus Persson feels isolated, alone, and unmotivated, after selling the game to Microsoft. He took to Twitter to express his emotions on Saturday in a series of freakout meltdown.

Sep 01, 2015 4:07 AM EDT

Boeing flexes its muscle to control supplier power

Warren Buffett's acquisition of Precision CastParts Corporation had urged other investors to bet on commercial aircrafts. On the other hand, Boeing Company, the aviation giant is evidently delaying transactions of its suppliers' merging and acquisition deal.

Sep 01, 2015 3:33 AM EDT

China's Yuan up on suspected intervention, set for August loss

The strengthening of Chinese currency Yuan on Monday raised many eyebrows. Market analysts believe that Chinese government support was extended to Yuan unofficially. traders observe that buying support from state-owned banks.

Sep 01, 2015 3:26 AM EDT

As long as China economy is under pressure, bearishness for copper likely

Copper price slipped below the key supprt levels of $3/lb and $2.4 and as long as China's economy reels under pressure, the metal is more likely to be under bearish phase. If US dollar becomes weaker then chances are more that copper price will pick up.

Sep 01, 2015 3:21 AM EDT

Jet rivals Amazon with $225M equity funding, the largest ever among U.S. e-commerce sites

The newly launched e-commerce site, Jet, is competing Amazon, the largest e-commerce site in the U.S., acquiring $225M funding it raised just this month. Jet is currently worth $600M.

Sep 01, 2015 2:29 AM EDT

Japan inflation weakens consumer purchasing power in July

Consumers spent less on primary commodities due to inflation rate. With unemployment that is still present Japanese thinking twice how to spend their money wisely.

Aug 31, 2015 10:03 AM EDT

First NBC and State Investors to extend merger agreement to December

First NBC and State Investors extend their merger agreement to December 31 2015. The merger was unanimously approved by both the companies' boards of directors. The shareholders of State Investors approved the merger through a requisite vote.

Aug 31, 2015 10:02 AM EDT

Finland's Nokia agrees on China joint venture with Huaxin

Finland Nokia agreed tohave a joint venture with China Huaxin and will be called Nokia Shanghai Bell to reinforce the companies' presence in China.

Aug 31, 2015 4:58 AM EDT

China raises counterfeiting to the next level with a fake Goldman Sachs

Everyone has heard of fake designer bags, earrings and watches but faking Goldman Sachs is an entirely new level of counterfeiting.

Aug 31, 2015 2:47 AM EDT

Richest man in Asia acquires World Triathlon Brand for $650M

Wang Jianlin buys Ironman brand in a move to diversify its sports portfolio. Wang acquired World Triathlon Corporation from US fund Providence Equity partners. The acquisition totalled $900 million along with Triathlon's debt.

Aug 31, 2015 2:16 AM EDT

The Internet of Things is worth $7T market opportunity - IDC

Internet of Things (IoT) will be worth over $7-trillion market in next five years, but majority of global corporate companies are yet to make IoT-based business strategies. The latest study reveals that IoT will enhance efficiency significantly.

Aug 31, 2015 1:50 AM EDT