Markets

I stopped using Blue Apron after being a huge fan — and the reasons why reveal that the company is doomed

• <b>My parents and I used to be a loyal Blue Apron customers but stopped using the service.</b>• <b><br>The issues we found show deeper problems at the meal-kit company.</b>• <b><br>Blue Apron just laid off hundreds of people following competition from Amazon and Kroger.</b><p>Blue Apron is in trouble.<p>The meal-kit company just fired …

Business

MARKET SNAPSHOT: Dow, S&P Shape Up For More Records After Senate Clears Big Hurdle To Tax Reform

U.S. stock futures higher<p>U.S. stock futures were indicating a stronger session on Wall Street on Friday, after the Senate narrowly passed a budget blueprint for the next fiscal year. The move is seen as paving the way for the tax reform many investors believe is vital to keeping the bull market …

Most of the US stock market rally in 2017 is 'earnings driven': Pro

Alger CEO and CIO Dan Chung gives his thoughts about the current state of valuations in the U.S., with comment on how the region is performing …

Stock Markets

Ericsson posts bigger than expected third-quarter loss, warns on network sales

STOCKHOLM (Reuters) - Ericsson fell to a larger-than-expected third-quarter operating loss on Friday and warned its quarter-on-quarter sales growth would underperform, adding to an already bleak outlook for the mobile telecom equipment maker.<p>Competition from China's Huawei and Finland's Nokia as …

Ericsson

Ericsson Stock Surges Despite Wider-Than-Expected Losses

Ericsson (ERIC) shares is on track for the their biggest one-day in almost 18 months on Friday, despite reporting a larger-than-expected third …

Business

The most bullish Apple analyst says to 'buy into the iPhone 8 gloom and doom ahead of the iPhone X'

• <b>Drexel Hamilton analyst Brian White says to buy Apple stock ahead of next Friday's iPhone X release.</b>• <b><br>Apple shares sagged on Thursday following reports that iPhone 8 production has been slashed.</b>• <b><br>White is the most bullish analyst currently covering Apple.</b><p>Apple shares are slipping on Thursday after …

Apple

Ackman urges ADP to consider acquiring Ceridian amid proxy fight

BOSTON (Reuters) - Activist investor William Ackman, currently battling for board seats at Automatic Data Processing Inc (ADP.O), on Thursday said the human resource software company should buy rival Ceridian, in a move that could woo customers with a better product.<p>Ackman said Minnesota-based …

Unilever, Nestlé Test Investors' Patience -- WSJ

Weak sales results come amid calls for turnarounds at the consumer-goods firms<p>This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (October 20, 2017).<p>Two of the world's biggest consumer goods …

Nestlé

European Earnings: Currency Versus Economy

October 20th, 2017, 8:30 AM UTC<p>Earnings season is underway in Europe. While leading economic indicators signal good news for stocks, some big misses …

Business

Nikkei posts longest winning streak since 1961 on weaker yen, Abe hopes

* Nikkei posts 6th straight weekly gains<p>* Apple-suppliers fall after Apple shares fell<p>* U.S. Senate vote lifts dollar-yen<p>* Investors eye election …

United States

Weak iPhone 8 demand drags Apple shares lower

(<i>Reuters</i>) — Apple Inc’s shares fell nearly 3 percent on Thursday on signs of weak demand for the iPhone 8 that caused analysts and investors to question the company’s staggered release strategy for its latest phones.<p>Wireless carriers in the United States and Canada have reported slow third-quarter …

IPhone X

The stock market is finally falling — and Apple is to blame

• <b>The S&P 500 is headed for its biggest drop in more than six weeks</b>• <b><br>Weakness is Apple shares is a big reason for the market-wide decline, which is more pronounced in the tech-heavy Nasdaq index</b><p>The S&P 500 dropped early Thursday, putting the index on pace for its biggest loss in more than six weeks, …

Business

Volvo shares climb on rising profit margins

Rising construction activity amid strengthening global economic growth boosted demand for Volvo Group’s construction equipment in the third quarter, …

Profit

Dow ekes out record close, erases 104-point deficit as Street bets on more gains from earnings

Dow ekes out record close, erases 104-point deficit as Street bets on more gains from earnings

Forget Hurricanes, Brexit and Kim's Missiles: Earnings Are Fine

Companies around the world faced hurricanes, the U.K.’s messy divorce from the European Union and ominous missile tests by North Korea in the third …

United States

DAX Opens Higher, Other European Markets Follow with Earnings in Focus

Investing.com - Germany's benchmark index opened higher on Friday, as did other European markets as investors looked to fresh corporate earnings …

Stock Markets

Volvo Shares Top European Gainers On Truck Sales Surge, Robust Outlook

Volvo AB (VOLVY) shares were the top gainers in early European trading after the truckmaker posted stronger-than-expected third quarter profits and …

Business

Asian shares rise as investors await Japan vote, Fed choice

Asian shares pushed higher Friday on investor optimism over the global outlook despite uncertainties over the outcome of political events in China …

Business

Why Micron Can Still Climb 28%

Yet another analyst has weighed in on the red-hot memory chip market and how it will push profit higher for <b>Micron Technology (MU).</b><p><b>UBS analyst Stephen</b> …

Just relax, Europe's tech leader SAP tells investors, Q4 will be dynamite

FRANKFURT/LONDON (Reuters) - SAP, Europe's most valuable technology stock, predicted a "dynamite" fourth quarter for its cloud computing business, helping its shares erase losses after third-quarter results fell short of market expectations.<p>The German software maker is in the midst of a transition …

SAP SE

Truckmaker Volvo third-quarter core profit beats forecast

STOCKHOLM (Reuters) - Swedish truckmaker AB Volvo (ST:VOLVb) reported a bigger than expected rise in third-quarter core earnings on Friday on the …

Daimler's Third-Quarter Net Profit Slumps

German auto maker Daimler AG (DAI.XE) said Friday that net profit fell in the third quarter, as restructuring costs and recalls offset sales increases.<p>Net profit fell to 2.18 billion euros ($2.58 billion) from EUR2.60 billion a year ago, while earnings before interest and taxes declined 14% to …

Daimler AG

Dollar gains as US Senate clears tax-cut hurdle

<b>Friday 03.30 BST</b><p>What you need to know<p>Dollar gains as US Senate passes budget blueprint<br>• New Zealand dollar hits five-month low<br>• Oil prices steady<br>• Hong …

Economy

Why these 4 ASX shares are ending the week with strong gains

In afternoon trade the<b> S&P/ASX 200</b> (Index: ^AXJO) (ASX: XJO) has fought back from a poor start and is almost 0.1% higher at 5,900 points.Four shares …

Personal Finance (Australia)

MongoDB closes up 34% on its first day of trading on the Nasdaq, at a market cap of ~$1.6B

Market Cap

Blue Apron is slipping after laying off hundreds of workers (APRN)

Shares of Blue Apron are down 3.21% at $5.13 a piece after the company announced it would be laying off 6% of its workforce, or about 300 employees.<p>Blue Apron announced a "company-wide realignment of personnel to support its strategic priorities" in an 8-K submitted to the SEC on Wednesday. The …

Business

Nestle speeds up overhaul to counter slowest growth in decades

ZURICH (Reuters) - Nestle, the world's biggest packaged food group, is doubling spending on its restructuring this year to up to 1 billion Swiss francs ($1 billion) to cope with its weakest sales growth in more than two decades.<p>Europe's largest company by market value is under pressure to improve …

Nestlé

What Analysts Are Saying About the Plunge in Hong Kong Stocks

After a subdued week, stocks in Hong Kong suddenly plunged on Thursday afternoon, sending the benchmark Hang Seng Index tumbling by as much as 2.2 …

Business

LSE Chief to Step Down Next Year -- WSJ

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (October 20, 2017).<p>London Stock Exchange Group PLC on Thursday said Chief Executive Xavier Rolet would leave the company by the end of next …

Marlboro maker Philip Morris slides after guidance cut, missed earnings

Smokers are stubbing out their cigarette habits and that is proving to be bad news for Philip Morris International.<p>The world’s largest …