Oil prices dipped on Thursday as record U.S. output and rising crude stockpiles dampened the impact on markets of tighter U.S. sanctions on Iran and producer club OPEC’s continued curbs on supply.Read More...

Microsoft Corporation MSFT 0.34% reported strong third-quarter earnings beat Wednesday on the back of continuing strength in its cloud computing business, coming in at $1.14 per share to top analysts’ estimates by 14 cents.The company also reported quarterly sales of $30.6 billion, beating the Street estimate of $29.84 billion by more than 2.5 percent.

McDonald’s is teaming up with AARP and the AARP Foundation to hire more older workers.Read More...

California-based Franklin Resources Inc. recently confirmed in a staff memo that the company is looking at reducing as much as 5% of its workforce in an effort to save at least $75 million in employee cost as the fund manager faces continued outflows and economic uncertainty.  However, the company will not be firing its employees directly, but will give them buyout offers eligible for employees who are older than 50 years and with an industry experience of more than 10 years.

E-commerce giant Amazon and French retailer Casino are strengthening their ties by opening lockers in more than 1,000 Casino stores including Monoprix, Monop, Geant, Hyper Casino, Casino Supermarche, Leaderprice, Viva and Spar and more of the French retailer’s products to be available on Amazon. This move was anticipated following Amazon’s purchase of brick-and-mortar American food retailer Whole Foods last year. The partnership comes at a time when Casino is looking at selling assets and cutting debt to address investors’ concerns over its finances. As part of the deal, Amazon and Monoprix will also extend their partnership on Amazon’s Prime Now grocery delivery service outside Paris and into new cities by the end of this year. This partnership has been closely watched as Monoprix was the first French retailer to agree to sell products via Amazon. Amazon had long term plans to launch services in French supermarket which is currently dominated by Carrefour and Leclerc, operating a

The news of the exit of CEO, Bernardo Hees, only adds to its ongoing troubles by denting the company’s reputation. Nevertheless, the company’s shares rose 1.3% on Monday following the announcement that former Anheuser-Busch InBev executive Miguel Patricio will be the new CEO. Valued at $40.2 billion, the company’s stock fell more than 43% in the last year.Sales have stagnated coupled with increased commodity costs resulting in shortage of cost cutting. But there's more. The company received a subpoena from the SEC earlier this year over accounting policies and internal controls.

Have you ever wanted to build a ‘test portfolio,’ so you could make investments and trades and monitor your performance but not have real money involved?This free webinar will show you how to create and monitor an investment portfolio on tickeron.com, using Tickeron’s A.I.

Goldman Sachs has agreed to pay part of $22 million to settle allegations by China’s securities regulator over how the Wall Street firm interacted with its local joint venture partner, the first such agreement under pilot rules the nation adopted in 2015. The China Securities Regulatory Commission agreed with Goldman Sachs under guidelines that allow it to negotiate a settlement rather than to simply issue a fine.Employees at both firms have agreed to step up internal controls, the CSRC said in a statement. Nine companies, including Goldman Sachs and Beijing Gao Hua, will pay 150 million yuan ($22 million) to settle the case, according to the CSRC notice. “We are pleased to have resolved the matter,” a spokeswoman who represents Goldman Sachs and Beijing Gao Hua said. Between October 2013 and July 2015, traders at Goldman Sachs’s Asian unit used its account held with Beijing Gao Hua to carry out trades and provided “business guidance” to staff at Beijing Gao Hua, according

Drugmaker Biogen beat analysts' estimates for first-quarter on higher sales of its growth driver Spinraza. Net income attributable to the company rose 20 percent to $1.41 billion, in the quarter ended March 31. On an adjusted basis, the company earned $6.98 per share on revenue of $3.49 billion.Analysts had expected the company to earn $6.87 per share on revenue of $3.39 billion.

Morgan Stanley’s Shelley O’Connor, one of two co-heads of the wealth management business, was named on Tuesday to lead two of the bank’s regulated entities, according to an internal memo seen by Reuters. Read more...

Twitter’s first quarter earnings turned out to be more than double of what analysts’ expected. The social networking company’s adjusted earnings for the quarter came in at 37 cents per share, compared to analysts’ estimate of 15 cents (based on a Refinitiv survey).The company defines mDAU as “Twitter users who log in and access Twitter on any given day through Twitter.com or our Twitter applications that are able to show ads”. Looking ahead, Twitter forecasts that its second-quarter revenue would range between $770 million to $830 million, compared with analysts’ estimates of $783.9 million to $853.6 million in the Refinitiv survey.

eBay shares jumped more than +6% during after-hours trading Tuesday, after the company reported higher-than-expected earnings for its first quarter. The e-commerce behemoth’s adjusted earnings of $0.67 per share exceeded analysts’ expectations of $0.63.Revenue of $2.6 billion came in higher than analysts’ estimates of $2.58 billion. For the full-year 2019, the company forecasts that its adjusted earnings would range between $1.94 and $2.04 per share.

Kohl’s announced that it will be expanding its agreement with Amazon. Under the deal, customers who shopped online on Amazon would be able to return unpacked products to Kohl’s brick-and-mortar stores.The returns policy will soon be active at around 1,150 Kohl’s locations nationwide – compared to 100 stores when the agreement was first started in 2017. The deal could be a potential win-win for the two companies.

Verizon Communications reported its first quarter earnings that surpassed expectations, on the back of solid subscriber growth in its postpaid services. The telecom giant's earnings for the three months ending March came in at $1.22 per share, beating Wall Street analysts' estimates by 3 cents.The figure reflects a +9.9% jump from the year-ago quarter. Net revenues came in at $32.12 billion – unchanged from the prior year period, but in line with analysts' estimates. The company had a net 61,000 addition of retail postpaid subscribers over the quarter.

Videogame sales declined broadly in March, leading the first-quarter numbers to dip Y/Y compared with the same quarter a year ago. Read More...

SoftBank will invest 900 million euros ($1 billion) into German fintech firm Wirecard, as part of a strategic partnership on digital payments. Read More...

Beyond Meat, the California-based manufacturer of plant-based meat substitutes, expects its initial public offering to range between $19-$21 per share, triggering an estimate raise of $183.8 million through the IPO.This will give the company a market value of $1.21 billion. Proceeds from the IPO, for which it had filed the paperwork at the end of March, will go into investing in current and additional manufacturing facilities, research and development, sales and marketing, working capital and other general corporate purposes. The number of Americans choosing vegan or vegetarian diets has stagnated over the last decade, but more people are now opting ‘flexitarian’ diets, accounting for nearly 40% of the population embracing more plant-based foods as substitutes for real meat.

America’s No.3 wireless carrier, T-Mobile’s latest foray into a new banking product may be a solution for 8.4 million ‘unbanked’ households -- the 6.5% of the American population who not have access to a checking or a savings account. T-Mobile Money is offering a new checking account to customers, especially those with post-paid subscriptions, which could eliminate over-drafting concerns that tag with traditional bank accounts.The service, available to anyone and not just its customers, will allow customers to go up to $50 in the red without incurring penalties as long as the account balance is positive within 30 days.

Procter & Gamble beat  earnings estimates for the latest quarter, and raised its outlook on full-year sales. The consumer staples giant reported earnings of $1.06 per share for the three months ended March, surpassing the Street’s  expectations by 2 cents.The figure is +6% higher compared to the year-ago quarter. Total revenue increased +1.22% year-over-year to $16.5 billion, while beating analysts’ estimates of $16.37 billion. Procter & Gamble revised its forecast for the full year organic sales growth to around 4%, compared to a prior forecast of between 2% and 4%. The company plans to distribute over $7 billion in dividends this year, in addition to buying back around $5 billion in shares.

Procter & Gamble Co’s quarterly revenue and profit beat Wall Street estimates, boosted by higher prices and more demand for its premium fabric care and beauty products.  For the third quarter, P&G posted a 5% rise in organic sales, a heavily watched metric that excludes the impact of acquisitions, divestitures and currency effects.Net income attributable to the company rose to $2.75 billion, or $1.04 per share, in the quarter ended March 31, from $2.51 billion, or 95 cents per share, a year earlier. Excluding items, the company earned $1.06 per share, beating the average analyst estimate of $1.03 per share.