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Monthly Archives: November 2018

Starbucks to report Q4 earnings 2018

Justin Sullivan | Getty Images News | Getty Images A new flat plastic lid that does not need a straw is shown on a cup of Starbucks iced tea in Sausalito, California.  Starbucks is set to report earnings after the market closes Thursday, amid slowing same-store sales growth and staunch …

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Apple could move huge when it reports earnings here’s what to expect

It’s the moment of truth for Apple as the trillion-dollar tech giant gears up to report its latest quarterly earnings. Apple shares are up nearly 30 nearly percent this year, and have held up relatively well amid the recent tech downdraft. According to Dan Nathan of RiskReversal.com, options traders are …

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Deutsche Bank shares jump after activist investor discloses 3% stake

Thomas Lohnes | Getty Images Christian Sewing, the new CEO of Deutsche Bank, speaks at the Deutsche Bank annual shareholders’ meeting on May 24, 2018 in Frankfurt, Germany. Shareholders, frustrated by years of poor performance by Deutsche Bank, are calling for Achleitner to step down. A former J. P. Morgan …

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If the S&P 500 can stay above 2,700, the comeback is real

Bryan R. Smith | AFP | Getty Images Traders work on the floor of at the closing bell of the Dow Industrial Average at the New York Stock Exchange on October 31, 2018 in New York.  Heading into November, J.P. Morgan’s chart analyst says if the S&P 500 can consistently …

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Music streaming leader Spotify reports a modest rise in paid users

Richard Drew | AP A trading post sports the Spotify logo on the floor of the New York Stock Exchange, Tuesday, April 3, 2018. Spotify, the world’s most popular paid music streaming service, on Thursday reported a modest 5 percent rise in premium subscribers for its third quarter, while revenue …

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Indonesia Lion Air crash: Jet’s flight recorder retrieved

Adek Berry | AFP | Getty Images Indonesian Navy divers try to put a ‘black box’ into a plastic container after its discovery during search operations for the ill-fated Lion Air flight JT 610 at sea, north of Karawang in West Java on November 1, 2018. Divers recovered a flight …

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Crypto investment firm Grayscale rakes in $330 million this year

Bitcoin prices continue to drag lower this year as retail interest fizzles. But institutional investors seem to be picking up that slack, and led the world’s largest digital currency investment firm to notch record inflows this year. New York- based Grayscale, a subsidiary of Digital Currency Group, brought in $81.1 …

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Apple Q4 2018 earnings expectations

Stephanie Keith | Getty Images Tim Cook, CEO of Apple laughs while Lana Del Rey (with iPad) takes a photo during a launch event at the Brooklyn Academy of Music on October 30, 2018 in New York City.  October was a punishing month for technology stocks, but as Apple prepares …

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Novo Nordisk earnings Q3 2018

John Mcconnico | Bloomberg | Getty Images A lab technician at Novo Nordisk conducts in vitro research in Malov, Denmark. Denmark’s Novo Nordisk reported weaker-than-expected earnings on Thursday, citing currency headwinds. The world’s top maker of diabetes drugs posted net profit of 9.037 billion Danish krone ($1.374 billion) for the …

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Banks face ‘extinction phase’ amid new financial technology

Ben Stansall | AFP | Getty Images The financial offices of banks, including JPMorgan Chase, Citi, HSBC, and other institutions in the financial district of Canary Wharf, are pictured from Greenwich Park in London on January 17, 2017. Pedigrees, some stretching back centuries, are of little use to global banks …

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