investment

Gold Rises Ahead of Fed Meeting

Gold Rises Ahead of Fed Meeting

Gold price rose slightly as investors are closely watching the Federal Reserve meeting this week.Spot gold rose 0.18 percent to $1,244.24 per ounce during Tuesday’s trading session. It rebounded from a near five-month low. While gold future fo..

Bitcoin Futures Start, Markets Firm

Bitcoin Futures Start, Markets Firm

Maiden trading of bitcoins started on December 10. This resulted in a steep rise in the digital currency price. Heavy traffic caused an outage on the website of the exchange provider. The contract in bitcoins with a January expiry date opened at $15..

Teva May Cut 10,000 Jobs

Teva May Cut 10,000 Jobs

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) has announced the cut of 10,000 jobs as the company aims to reduce $1.5 billion to $2 billion in costs over the next two years. Following this announcement, the drug maker’s U.S. shares increase..

HSBC ahead in Foreign Investment

HSBC ahead in Foreign Investment

HSBC has a three year head start on their foreign investment banking competitors in China due to their management control of their securities venture. Currently, non Chinese groups are limited to only 49% per cent stakes in joint ventures. However, ..

Fred’s Shares Dropped After Announcing Q3 Results

Fred’s Shares Dropped After Announcing Q3 Results

Fred’s Inc. (NASDAQ: FRED) announced its financial results for the third quarter ended October 28, 2017. After the announcement, shares of the company dropped 19.84% to $4.08 per share in premarket trading on Wednesday.“In the third..

Home Depot Updates Focus and $15 Billion Buyback

Home Depot Updates Focus and $15 Billion Buyback

Home Depot Inc. (NYSE: HD) announced its strategic focus, along with its fiscal year guidance and a $15 billion share repurchase authorization. Home Depot shares fell 1.5 percent Wednesday after open.In the statement, Home Depot said that it&rs..

G-III Apparel Group Stock Up After Earnings

G-III Apparel Group Stock Up After Earnings

G-III Apparel Group, Ltd. (NASDAQ: GIII) announced its operating results for the third quarter of fiscal 2018 ended October 31, 2017. According to the report the company net sales increased 16% to $1.02 billion from $883.5 million in the year-a..