Market News

Retail sales were weak last month. The Commerce Department on Friday reported that overall sales in May fell 0.2% on the month after slipping 0.1% in April. Compared with a year earlier, they were up just 2.8%.

Soros adds to stake in Sigma Designs

Delta Air Lines reported mixed Q2 earnings on Thursday, July 13. Despite 2.5% growth in PRASM (passenger revenue per available seat mile), profits tumbled by over 20% on the back of higher than expected fuel and labor co...

Johnson & Johnson will report its Q2 2017 earnings on July 18. The company's pharmaceutical business disappointed investors in the first quarter as growth stalled due to pricing issues and competitive pressure.

J.P. Morgan's downgraded expectations, delivered on a busy day when Citigroup and Wells Fargo also reported quarterly results, serves as a warning for a sector that has rallied strongly in recent weeks.

While gold could struggle further in the near term as the markets adjust to a rise in real interest rates, one strategist remains optimistic that the precious metal can still do well since there are few options for inves...

Vikram Limaye has resigned from a Supreme Court-appointed BCCI committee, clearing the way for his appointment at NSE CEO

Led by Brazil, Latin America is embracing renewable energy, particularly wind, and investors are taking notice.

Expectations that stock prices will remain essentially unchanged remains above its historical average for the 11th consecutive week and the 16th out of the last 17 weeks.

Citigroup reported better-than-expected second-quarter results Friday.

BSE will shift securities of 48 companies including IDFC Bank and InterGlobe Aviation to Group A category, the most tracked segment on the bourse's platform, from 17 July

SNAP Stock Price Leading up to the SNAP initial public offering (IPO), Snap Inc (NYSE:SNAP) was the focus of equal parts naysayers and backers. Many (including us here at Profit Confidential) puzzled over whether the Sna...

Brazil's ex-president Luiz Inacio Lula da Silva closer to being suited for pin stripes than for presidential office next year

JPMorgan Chase lowers its net interest income forecast for the year and says trading revenue fell.

Standard gold prices dipped by Rs30 to end at Rs27,860 per 10 grams from Thursday's closing level of Rs27,890

Abroad Obamacare, McConnellcare, Ryancare and Trumpcare are just Twitter hashtags. Sales growth overseas could alleviate pain in the U.S. market. Healthcare spending some regions are expected to grow much faster than in ...

Strong quarterly gains among Citigroup's institutional and consumer divisions helped the bank beat Wall Street expectations with its second-quarter performance.

Acacia is not indicative of demand one bit but is a company specific issue

Applied Opto shows it's still not too late to invest in opto-comps if one can sift through the obfuscation

At NSE, Infosys shares slipped 0.51% to close at Rs 972.05

Biocon stock soared 8.88% to settle at Rs399.20 on BSE

Wells Fargo was expected to show earnings of $1.01 share on revenue of $22.466 billion, according to analysts.