News

U.S. Retail Sales Rebound

U.S. retail sales rebounded in October, but consumers cut back on purchases of big-ticket household items and clothing, which could temper expectations for a strong holiday shopping season. The Commerce Department said on Friday retail sales increased 0.3% last month,… Read More ›

Apple Revenue Rises

◊ Apple Stock Rises ◊ Apple Inc. reported revenue rose 1.8% in the September quarter to $64.04 billion behind a rise in sales of wearables and services such as apps, streaming-music subscriptions and mobile payments. Those gains helped offset a… Read More ›

Amazon Shares Fall 7%

◊ Amazon Stock Market News Today ◊ Amazon shares fell 7%, as revenue growth for the company’s lucrative cloud computing business slowed down in the third quarter, missing analysts’ estimates. Amazon beat expectations on overall third-quarter revenue, posting a sales… Read More ›

Tesla Surprising Profit

◊ Tesla Stock Market News ◊ Tesla’s shares climbed 20% in after-hours trading. “We were able to make great strides in controlling our costs,” Chief Executive Elon Musk said in a call with analysts Wednesday. “Our operating cost is now… Read More ›

Boeing Profit Plunges

◊ Boeing Stock News Today ◊ Boeing cut production of its flagship Dreamliner and delayed the arrival of a successor to its 777 mini-jumbo Wednesday, piling new pressures on a rejigged senior management team as the continued safety grounding of… Read More ›