Category Archives: Stock Market News

Footwear retailers trampled as price war sparks concerns By Reuters

© Reuters. A woman shops inside a Foot Locker store in New York By Gayathree Ganesan (Reuters) – Shares of sporting goods retailers were pummeled in early trading on Friday as dismal quarterly results from Hibbett and Foot Locker heightened investor concerns about a supply glut intensifying price wars in the industry. The results closely follow those of bigger rival Dick’s Sporting, which warned on Tuesday that its gross margins could possibly be pressured in perpetuity. Shares of Foot Locker (N:) slumped 26.1 percent, Hibbett Sports (O:) […]

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LATAM Airlines ‘very cautious’ on Brazil demand By Reuters

© Reuters. FILE PHOTO – A LATAM Airlines plane takes off at Santiago International Airport, SANTIAGO (Reuters) – LATAM Airlines (SN:), Latin America’s largest airline, is still “very cautious” on the outlook in its key domestic Brazilian market, with demand volatile, the company said Friday. “We’re still very cautious on demand in Brazil. We have seen some very positive weeks in terms of demand in Brazil but we’re still very cautious because we’ve also seen that certain weeks are not very good,” said chief financial officer Ramiro […]

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Future of Air Berlin’s Niki uncertain as Lufthansa begins talks By Reuters

© Reuters. Airline Niki founder Lauda attends a news conference in Vienna By Shadia Nasralla and Kirsti Knolle VIENNA (Reuters) – Austrian holiday airline Niki’s 850 employees braced for a bumpy ride as insolvent parent Air Berlin (DE:) began talks on Friday to sell its assets before it runs out of cash. German flagship carrier Lufthansa (DE:) was scheduled to hold discussions about buying parts of Air Berlin ahead of other potential bidders, a senior labour union official told Reuters on Thursday. Media said Lufthansa was interested […]

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Wall Street on track to open higher By Reuters

© Reuters. Traders work on the floor of the NYSE in New York By Sruthi Shankar (Reuters) – U.S. stocks looked set to open slightly higher on Friday, a day after the S&P posted its biggest daily percentage loss in about three months amid concerns over President Donald Trump’s ability to legislate his pro-growth agenda. Trump has alienated Republicans, corporate leaders and U.S. allies, while rattling markets with his comments since Saturday’s violence in Charlottesville, Virginia, which came in the aftermath of a white nationalist protest against […]

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Ireland stays top euro zone center for financial special purpose vehicles By Reuters

© Reuters. A general view shows an area near the Northern Ireland and Ireland border in Newbuildings By John O’Donnell FRANKFURT (Reuters) – Ireland remains the euro zone’s largest center for financial special purpose vehicles, data from the European Central Bank (ECB) showed on Friday, placing it far ahead of closest rival Luxembourg. Such vehicles, many of which are shell companies set up to borrow or invest, had assets, chiefly loans and debt, of 391 billion euros ($460 billion), which is greater than the Irish economy. The […]

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Apple Watch will ship 20M units next year By Seeking Alpha

Digitimes: Apple Watch will ship 20M units next year By Seeking Alpha ‘; Stock Markets7 minutes ago (Aug 18, 2017 07:58AM ET) © Reuters. Digitimes: Apple Watch will ship 20M units next year Digitimes sources in the supply chain for the Apple (NASDAQ:) Watch say that 4.5M units should ship in Q4, bringing the 2017 total up to 15M units. The suppliers expect Watch shipments to rise an additional 5M next year for a total of 20M. The first Apple Watch only shipped 5M units […]

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U.S. stock futures struggle over Trump worries; earnings support By Investing.com

© Reuters. Wall Street futures trade flat as earnings news balances risk-off sentiment Investing.com – Wall Street futures pointed to a flat open on Friday as sentiment struggled to recover from concerns over a Trump administration meltdown and positive earnings helped to support gains as investors looked ahead to a reading on consumer confidence. The blue-chip wavered around the unchanged mark at 6:50AM ET (10:50GMT), the inched up 1 point, or 0.04%, while the tech-heavy advanced 16 points, or 0.27%. Turbulence surrounding U.S. President Donald Trump’s administration […]

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Trump’s tweets may make him worth $2B to Twitter By Seeking Alpha

Analyst: Trump’s tweets may make him worth $2B to Twitter By Seeking Alpha ‘; Stock Markets18 minutes ago (Aug 18, 2017 06:26AM ET) © Reuters. Analyst: Trump’s tweets may make him worth $2B to Twitter He’s no @katyperry or @justinbieber (or even @barackobama) in terms of followers, but President Trump may be worth up to $2B to Twitter (NYSE:). That’s according to Monness Crespi Hardt analyst James Cakmak, who rates the stock Neutral and sees that kind of multiple compression if the company’s most prominent […]

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Swedish prosecutors to charge Bombardier Sweden employee with bribery By Reuters

© Reuters. Swedish prosecutors to charge Bombardier Sweden employee with bribery STOCKHOLM (Reuters) – Swedish prosecutors said on Friday they would charge an employee of Canadian aircraft and train maker Bombardier (ST:) on suspicion that he and several others at the company had bribed an Azerbaijani official to secure a contract worth around $340 million. Prosecutors in March said a 37-year-old Russian man had been arrested on suspicion of bribery and that several Bombardier employees were suspected of colluding with Azerbaijani officials in a 2013 rail equipment […]

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Barcelona attack dents travel stocks as global sell-off spreads to Europe By Reuters

© Reuters. A worker shelters from the rain as he passes the London Stock Exchange in London By Helen Reid LONDON (Reuters) – European travel stocks fell sharply in early trading on Friday after a deadly attack in tourist hotspot Barcelona, with investors also increasingly concerned the Trump administration was fraying at the seams. As a global sell-off spread, the pan-European STOXX 600 () was down 0.9 percent by 0725 GMT, with blue-chips () down 1 percent, following falls in Asian and U.S. stocks overnight. All European […]

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