Lower output, high costs to pressure Newmont, Barrick earnings
(Reuters) – North American gold miners Newmont Corp and Barrick Gold (NYSE:GOLD) Corp are expected to post lower quarterly profits…
Luminar Technologies the Nvidia of LiDAR, best positioned to capture a dominant share – Jefferies
Luminar Technologies (NASDAQ:LAZR) is the Nvidia of LiDAR, according to Jefferies, which assumed coverage of the stock with a Buy…
CFRA upgrades General Motors to Hold following Q1 beat and raise
CFRA Research upgraded General Motors (NYSE:GM) to a Hold rating (from Sell) and raised their price target on the stock…
Raytheon’s profit rises on China aviation boost
(Reuters) – Raytheon Technologies (NYSE:RTX) Corp reported a 4% rise in quarterly adjusted profit on Tuesday, as the aerospace and…
UBSG: UBS Sees Profit Shrink by 52% but Gains $28bn of New Money
You can’t have your cake and eat it too, the quarterly report of Swiss megabank UBS just confirmed. UBS reported…
PepsiCo raises annual forecasts on buoyant demand, price hikes
PepsiCo (NASDAQ:PEP) Inc on Tuesday raised its annual sales and profit forecasts after beating first-quarter revenue estimates on the back…
Spotify’s monthly active users top 500 million, beat estimate
(Reuters) – Spotify Technology SA (NYSE:SPOT) has crossed the half billion mark for monthly active users for the first time, helped by…
Nestle beats quarterly sales estimates with price hikes
(Reuters) -Nestle reported slightly better-than-expected first-quarter sales on Tuesday, as the world’s biggest packaged food company increased prices to offset…
Netflix to invest $2.5 billion in South Korea to make TV shows, movies
(Reuters) -Netflix Inc said on Tuesday it will invest $2.5 billion in South Korea over the next four years to…
GM, Samsung SDI to soon unveil plans for EV battery plant in US, sources say
(Reuters) -General Motors Co and Samsung (KS:005930) SDI are set to announce as early as Tuesday the plan to build…