Alibaba shares skidded to a record low in New York on Wednesday after China’s biggest e-commerce company posted its slowest revenue growth in over three years. Estimize.com further issues a sales estimate of $3.42 billion, suggesting the company would beat the Street by $44...
The global Energy Agency said in a monthly report that it was steeply raising its demand growth outlook for this year and 2016, and expected non-Opec supply growth to decline next year, with US producers hardest hit. “Our latest balances show that while the overhang will...
About 700 of the affected jobs will come from the company’s headquarters in Northfield in the midwestern state of Illinois, said spokesman Michael Mullen. A block trade of $15.54 million in upticks and $5.32 million in downticks also took place during the day.
Behold Kevin Gill’s mosaic image of NASA’s Mars rover, which is just as good as the official selfies of Curiosity. The image was first brought to attention by UFO Sightings Daily, which said the figure looks like a woman who is partially cloaked. We also see two arms...
The future looks anything but bright for American Apparel, which noted in a Securities and Exchange Commission (SEC) filing Tuesday that it may not be able to raise the capital it requires for the next 12 months and that investors could suffer substantial or total losses.
Treasuries rose Tuesday, with 10-year-note yields dropping to the lowest in more than two months, after China’s devaluation of the yuan sparked a plunge in global stocks and commodities, fueling speculation the Federal Reserve may delay an increase in interest rates....
The central bank said the devaluation was due to its official guidance rate, which was down nearly 2 per cent to 6.2298 yuan per dollar – its lowest point in almost three year.
Stifel Nicolaus reaffirmed their buy rating on shares of Gap (NYSE:GPS) in a resaerch note published onTuesday, MarketBeat reports. “The company is also trying to overhaul its fashions to make them more appealing to shoppers”. It now expects the gross margin to...