Category: Industries

March 22, 2019

Stocks tumbled on Friday after a closely watched survey of German manufacturers delivered its lowest reading since the financial crisis. Germany’s manufacturing Purchasing Managers’ Index (PMI) plunged from 47.6 in February to 44.7 in March. A survey reading below 50 […]

March 22, 2019

The luxury retailer Tiffany on Friday reported fourth-quarter sales that fell short of Wall Street estimates, sending shares down 4% ahead of the opening bell. Tiffany said revenue totaled $1.32 billion, just missing the $1.33 billion that analysts surveyed by […]

March 20, 2019

OPEC’s supply cuts and U.S. sanctions against Iran and Venezuela will push the oil market into undersupply and boost the cost of crude in the coming months, Morgan Stanley forecasts. The investment bank previously said oil prices were more likely […]

March 18, 2019

Oil futures slumped Monday but were well off the lowest levels of the day as the market continued to assess the state of supply. The Organization of the Petroleum Exporting Countries and its allies said Sunday they were deepening their […]

March 15, 2019

A major advisor to energy producing nations has suggested that the continued fallout from Venezuela could present a “challenge” for global oil markets. The International Energy Agency (IEA) has warned that crude supplies from Venezuela are at risk of falling […]

March 15, 2019

Closing pop-up stores, pushing the grocery business and focusing on advertising all will help Amazon boost profits, KeyBanc analysts said as they boosted the online retailer’s price target. The KeyBanc analysts raised their recommended allocation on Amazon to overweight and […]

March 13, 2019

Volkswagen (VLKPF, -1.89%) is to cut up to 7,000 jobs by 2023 so that it can increasingly focus on electric vehicles and production automation. Handelsblatt reports the move — which will primarily hit administration workers in Germany — will free […]

March 12, 2019

Crude-oil prices Tuesday morning were trading near two-week highs, bolstered by tightening Venezuelan supplies and signs that OPEC would continue cutting output into the second half of the year. Gains for the commodity come after marking their highest settlement so […]

March 12, 2019

Stock market futures traded mixed in the premarket Tuesday, while those for the Dow remained under pressure as a fatal plane crash of a Boeing Co. aircraft over the weekend weighed on the blue-chip index. How are major indexes performing? […]

March 11, 2019

Tesla has done a partial U-turn on a retail-strategy shift—unveiled less than two weeks ago—that was to involve the closure of most of its stores, in a bid to go “online only.” In a blog post late Sunday, Elon Musk’s […]