Microsoft says anyone who still uses its Windows 10 mobile platform — once called Windows Phone — should switch over to an iPhone or an Android phone.A change to the Windows 10 Mobile support page was first spotted by Thurrott, a site that covers Microsoft.
You're in good company, especially if it involves money goals. You might have many things on your checklist, like paying off loans or buying your dream home, but your top priority should ultimately be saving for retirement.One way to stay motivated and on track is to think of it as a game instead of an adult chore. READ MORE...
Atlassian shares soared on Friday, following news of its beating revenue and earnings expectations. The enterprise software company had earnings of 25 cents per share in its second quarter, edging past analysts' expectations of 21 cents per share.Sales were $299 million, greater than estimates of $288.3 million. Atlassian’s subscription revenues increased +56%in the second quarter on a year-over-year basis, which was the fastest among its different revenue streams.
Tesla will cut staff by 7%. The electric carmaker's workforce entrenchment is apparently a way to deal with rising competition.Musk wrote in the letter that Tesla is "up against massive, entrenched competitors" and must work "much harder than other manufacturers to survive while building affordable, sustainable products."
Tesla is cutting its full-time staff headcount by approximately 7 percent, as it looks to ramp up production of its Model 3 sedans, CEO Elon Musk said Friday.Read More...
American Express reported fourth-quarter revenue on Thursday that narrowly missed analysts' expectations and an earnings profit after reporting a loss for the same period a year ago.Read More...
The U.S. government shutdown is causing some real pain, but economists are largely brushing off the risk to the expansion.Read More...
Stocks rose on Thursday on the back of a report that said the U.S. could ease tariffs on Chinese goods during their trade negotiations with China.Read More...
Wall Street expects a year-over-year decline in earnings on lower revenues when Western Digital (WDC) reports results for the quarter ended December 2018.While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. READ MORE...
Intel (INTC) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2018.This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. READ MORE...
Medical equipment and pharmaceutical supplier McKesson (NYSE: MCK) is set to report earnings on January 31.McKesson hasn’t been under $100 since early 2013, but the trend has been to the downside since the stock hit an all-time high of $236.52 back in May 2015. The company’s fundamentals are mixed with a decent return on equity, but slow earnings growth, sales growth, and a low profit margin.
Tesla's customer referral program will come to an end on Feb. 1, chief executive Elon Musk said in a tweet Thursday.Read More...
The European Commission said on Thursday that it had opened an in-depth investigation into the tax treatment of Nike Inc in the Netherlands, saying this may have given the U.S. sportswear maker an illegal and unfair advantage.Read More...
Expectations for a decreased oil supply, potential Chinese stimulus and political uncertainty are buoying hopes for gains in the commodities sector, according to Goldman Sachs.Read More...
As for Netflix, this increase won’t be small: prices across all three of its streaming plans are now 13% to 18% higher for new users as of Wednesday morning. Besides Netflix, Disney increased Disneyland ticket and pass prices by 7% to 10% last week.Earlier this month, AMC also boosted its monthly rates by 10% to 20% across some of the country’s most populous states. But aren’t they afraid of losing customers because of increased subscription rates? The answer is no. Reason being, when you're the world's leading premium streaming service provider, theme park operator or multiplex ticket taker, you'll stretch your pricing elasticity to explore your customers’ limits. Increased prices haven’t deterred Disney’s attendance levels through most of its gated parks.
The company lifted its EPS guidance from a range of $1.64-$1.67 to $1.72-$1.74, moving its potential year-over-year growth rate from low double digits to mid-to-high teens. LULU CEO, Calvin McDonald, said the company’s momentum has remained uninterrupted even during the holiday period, underscoring strong demand of its product offerings from customers across the world.The CFO, Patrick Guido, also remarked that the company is set to witness an upside to consensus with long-term targets due to a probable SG&A leverage next year on low-teens revenue growth. An update on LULU’s 2020 targets is expected to be available when the company reports its Q4 earnings in March.
According to Lynx Equity Strategies analysts KC Rajkumar and Jahanara Nissar, Apple is likely to cut back on its secretive, self- driving vehicle program. If the analysts are right, this move could significantly affect growth in an emerging vector outside Apple’s core devices, and may also indicate that stagnating iPhone sales could be responsible for the company’s cost cutting measures. Named as ‘Project Titan,’ the company’s self-driving electric vehicle program started in 2014 with more than 1,000 employees working on the project.The projects viability has been in limbo since, but the August 2018 rehiring of Tesla engineer Doug Fields rekindled speculation that Apple may have been serious about following through. Of concern for investors is the question of whether iPhone revenue concerns are driving the decision, or whether the the viability of the autonomous vehicle market is causing Apple to pull back. 
Shares of the American multinational investment bank and financial services company, Goldman Sachs, rose nearly 7.1% on Wednesday after the firm posted a fourth-quarter profit that convincingly exceeded analyst expectations. Strength in its investment banking and investing and lending divisions contributed most to the quarter's results.  The bank reported an EPS of $6.04 per share for the fourth quarter, far outstripping analysts’ estimate of $4.45 per share. Giving a much needed boost to a strengthening banking sector, the New York-based bank posted a net revenue of $8.08 billion, beating the analyst estimate of $7.55 billion.Total interest income for the quarter stood at $991 million, after an increase of ~16% from Q3 and 10% from the year-ago quarter. Driven by a 56% surge in advisory revenue to $1.20 billion, the bank reported revenue of $2.04 billion in its investment banking division compared to analysts’ estimate of $1.88 billion.
Chinese foreign direct investment into the U.S. plummeted for a second year in a row, according to new data.Read More...
Chinese internet firm Alibaba (Nasdaq: BABA) has been hit hard by the trade war and a slowing Chinese economy.The worst part is that the company has really strong fundamentals and hasn’t been able to break the downward trend. We see on the daily chart that the highs from June and December connect to form an upper rail to a downward sloped trend channel.
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