General Motors Co gained 5% after its quarterly net profit topped estimates but the carmaker slashed its earnings forecast for 2019 as the 40-day U.S. labor strike by the United Auto Workers union brought virtually all of its North American operations to a standstill.
Shares of GrubHub Inc plunged 43% after the online food delivery company warned of slowing growth as customers opted to choose from a growing pool of rival providers.
Our loss is Big Pharma's gain. $400 insulin, anyone?
Keep those vaccinations going
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S&P 500 heads for record as earnings reports signal a recession is nowhere near'Of the S&P 500 companies that have reported over the last month, just 32 mention recession on their calls,' says Nick Mazing of Sentieo. And then there is reality... Q1 GDP 3.1% Q2 GDP 2.0 % Q3 GDP forecasted at 1.5% By definition a recession is 2 or more quarters of negative GDP growth. We are not there yet but certainly moving in that direction A LOT of stocks tanked this earnings season with flat and negative revenue growth ?
Source: CNBC - 🏆 12. / 72 Read more »
These are the stocks that led the S&P 500 to the cusp of new recordStrong performances by technology and bank stocks have sent the S&P 500 climbing this month. la razón del alza del S&P 500 y los nuevos máximos...
Source: CNBC - 🏆 12. / 72 Read more »
S&P 500 jumps to record high on strong earnings, trade-deal progressThe S&P 500 hit an all-time high today following strong earnings and progress on U.S.-China trade. The S&P 500 rose 0.3% at the open to trade above 3,027.98, the record set on July 26. Anyone want to guess where it's closing though? At this rate it's about to blow through 3050. Strong earnings😂😂😂 What is the progress on the trade deal, specifically?
Source: CNBC - 🏆 12. / 72 Read more »