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Category: Industries


Industries, Retail & Wholesale

China’s e-commerce giant Alibaba is expanding its brick-and-mortar empire

October 19, 2020

Via: Fortune

Chinese e-commerce giant Alibaba is doubling down on brick-and-mortar. On Monday, Alibaba announced that it had doubled its stake in the Chinese retailer Sun Art to 72%, taking control of one of China’s largest big-box chains that sells groceries and […]


Industries, Manufacturing

US industrial production fell a sharp 0.6% in September

October 16, 2020

Via: ABC News

U.S. industrial production fell 0.6% in September, the weakest showing since spring and a sign that the economy’s recovery from the pandemic recession may be faltering just as confirmed viral infections are resurging in much of the country. The Federal […]


Financial Services, Industries

Morgan Stanley 3Q profit rises 25%, helped by trading

October 15, 2020

Via: ABC News

Morgan Stanley said Thursday that profit rose 25% in the third quarter from last year, as the investment bank benefitted from a boost in trading revenue as well as higher investment banking fees. The New York-based firm posted a profit […]


Financial Services, Industries

Wells Fargo Posts Earnings Miss as Interest Income Declines

October 14, 2020

Via: TheStreet

Wells Fargo (WFC) – Get Report posted third-quarter earnings that missed analysts’ forecasts as low interest rates resulted in a drop in net interest income, and on higher-than-expected pandemic-related operational costs. The San Francisco-based bank reported net income of $2.04 […]


Industries, Others

Delta posts $5.4 billion loss in another brutal quarter for airline industry

October 13, 2020

Via: NBC News

Delta Air Lines reported a $5.4 billion net loss for the third quarter after the coronavirus pandemic roiled what is usually the peak travel period of the year. Delta’s revenue dropped by more than 75 percent from $12.56 billion a […]


Financial Services, Industries

Citi 3Q profit fall 34% but tops Wall Street expectations

October 13, 2020

Via: ABC News

Citigroup says profit fell 34% in the third quarter due to weakness in its consumer banking division, as the pandemic continues to make it tough for millions of Americans and businesses to pay their bills. The New York-based bank said […]


Energy, Industries

Oil pulls back, but on track for 10% weekly rise as Hurricane Delta bears down on U.S. Gulf Coast

October 9, 2020

Via: Market Watch

Oil futures lost ground early Friday, but the U.S. benchmark remains on track for a 10% weekly advance as Hurricane Delta nears landfall on the U.S. Gulf Coast and a strike curtails a large chunk of Norway’s crude output. Oil […]


Energy, Industries

Oil prices sink as Trump’s COVID diagnosis rocks global markets

October 2, 2020

Via: Fortune

Amid the market turmoil, oil prices sank Friday morning during European trade, as President Trump’s positive test for COVID-19 weighed on investors at a time when crude prices are already struggling with excess supply. While equities stabilized somewhat, crude fell, […]


Energy, Industries

Oil edges higher, but fears about coronavirus-fueled hit to demand weigh

September 28, 2020

Via: Market Watch

Crude-oil futures on Monday were edging modestly higher, reversing some earlier weakness that had been sparked by growing concerns about the impact of rising coronavirus cases throughout the globe. Those concerns were amplified after major energy officials said that they […]


Industries, Others

Why healthcare stocks may be poised for a breakout year post-election

September 24, 2020

Via: Fortune

Ever since 2019, the healthcare sector has been white-knuckling and preparing itself for what may be a volatile and uncertain election year for stocks. But according to UBS, 2020 is shaping up to look a whole lot like 2009 for […]