Business News

Barrick Gold Corporation (ABX) Stock Update

Barrick Gold Corporation (ABX) Stock Update

Barrick Gold Corporation (USA) (NYSE:ABX) stock opened the trading session on Tuesday down by 2.03%, as a result of losses posted by spot prices of gold during trading today. Recently, the company announced that it would be consolidating its operations in an effort to reduce debt. The stock is trading […]

General Electric Company Sold Private-Equity Lending Unit

General Electric Company Sold Private-Equity Lending Unit

General Electric Company (NYSE:GE) was in the midst of finalizing a deal with the Canada Pension Plan Investment Board to spin-off half of its US-based private-equity lending business, Bloomberg reports. People familiar with the matter told Bloomberg that part of the private-equity lending business will be bought by Ares Management […]

May Tops In EV Sales As Tesla Motors Inc’s (TSLA) Model S Beats Nissan Motor Co Ltd’s (NSANY) LEAF

May Tops In EV Sales As Tesla Motors Inc’s (TSLA) Model S Beats Nissan Motor Co Ltd’s (NSANY) LEAF

With summer around the corner, sales for electric vehicles (EVs) are gaining momentum. May proved to be the best month for sales so far in 2015, with total EV sales soaring to 11,540, according to Inside Evs, out of which Tesla Motors Inc (NASDAQ:TSLA) sold 2,400 vehicles of Model S […]

US Futures Trending Lower, Investors Await Yellen’s Comments

US Futures Trending Lower, Investors Await Yellen’s Comments

Asian markets were mixed but Europe is struggling to find green as US Futures are trending lower. The Hang Seng Composite and Shanghai Composite Index each gained about half a percent today as Nikkei shed nearly a third of a percent. For the week, the Japanese market picked up the […]

Whole Foods Market (WFM): Sell Side Update

Whole Foods Market (WFM): Sell Side Update

Whole Foods Market, Inc. (NASDAQ:WFM) reported its quarterly results which showed the company’s revenues falling short of analysts expectations, for the second quarter of fiscal’18 (FY18) earlier this week The market responded with a stock price slide of 9.74% in the first day of trading. We revisit the company’s quarterly […]

The Dark Side Of Crowdfunding

The Dark Side Of Crowdfunding

Many analysts consider crowdfunding the next big disruption in the investment landscape. Boasting cutting edge advantages like improved transparency, the democratization of the fundraising processes, and lesser red tape for lenders and borrowers alike, it is no wonder that crowdfunding is rapidly gaining global traction. In 2013, companies of various […]

Crude Oil Prices Kick Off The Week In The Red

Crude Oil Prices Kick Off The Week In The Red

Monday’s trading session saw crude oil futures finish in the red, as a result of speculation that the Organization of Petroleum Exporting Countries (OPEC) would choose to maintain its production rate, when member countries’ ministers meet on June 5. The strength exhibited by the US dollar during yesterday’s trade also […]

Possible Euro-Dollar Parity?

Possible Euro-Dollar Parity?

The Euro (EURUSD) fell below $1.18 on Thursday. It further fell to $1.1754 following the release of weak data. The Eurozone industrial producer price and confidence readings came below par, which led to the currency’s extension of the longest losing streak in history. The shared currency was launched on January […]