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Teva Shares Fall

Teva Shares Fall

Teva Pharmaceutical Industries (TEVA) shares on Wednesday dropped as the Israeli generic drug maker reported second-quarter earnings that were down more than 20% from the year before, but still came in better than expected. Teva said revenue in the quarter ended June 30 was $4.34 billion, down from $4.7 billion […]

by × August 7, 2019 × 0 comments

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Luckin Coffee Signs Agreement for Joint Venture

Luckin Coffee Signs Agreement for Joint Venture

Luckin Coffee (LK) is looking to expand to the Middle East and India in the chain’s first foray outside of its home market of China. Beijing-based Luckin, which raised $571 million in a May initial public offering, said on Monday that it signed a memorandum of understanding with Kuwaiti food […]

by × July 22, 2019 × 0 comments

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TSX Down With Info Tech The Biggest Decliners

TSX Down With Info Tech The Biggest Decliners

The TSX is down 35 points this morning with info tech, industrials, the biggest decliners, down 0.84% and 0.71% respectively. Healthcare is down 0.66%. Blackberry shares are down 9% and the second most actively traded on the TSX, even though it reported an earnings beat. The stock is being buffeted […]

by × June 26, 2019 × 0 comments

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Close-up photograph of stock market chart

Daimler Warns on Profit Due to Higher Costs

German auto giant Daimler (DAI.DE, DAI.F, DDAIF) issued a profit warning on Sunday, saying an “increase of provisions” for various ongoing governmental proceedings and measures relating to diesel vehicles will “affect” the company’s second-quarter 2019 earnings. The Stuttgart-headquartered group that makes cars, vans and trucks said in a trading update […]

by × June 24, 2019 × 0 comments

Global News

Asian Shares Close Mostly Higher

Asian Shares Close Mostly Higher

Stocks in the Asia-Pacific region finished mostly in the green on Tuesday, as investors await the U.S. Federal Reserve monetary policy decision later in the week, said Trading Economics. Also, persistent trade tensions between Beijing and the Washington as U.S. Commerce Secretary Ross said President Trump is “perfectly happy” to […]

by × June 18, 2019 × 0 comments