Entries by MT Newswires

Weekly Commodities ETF Report: Crude Ends Week Lower on Demand Concerns Following China Manufacturing Data; Gold Sinks Below $1,300 as Strong US Q4 GDP Buoys Stocks

(MT Newswires) – Crude prices ended Friday’s session lower, as a downbeat picture of China’s economy raised demand concerns for the world’s top oil importer. China manufacturing activity fell to a three-year low in February as export orders dipped with the official Purchasing Managers’ Index (PMI) down to 49.2 in February from 49.5 in January. […]

Children’s Place Acquires Gymboree, Crazy 8 Intellectual Property, Assets For $76 Million in Cash

8:53 AM, Mar 4, 2019 — Children’s Place (PLCE) said it bought intellectual property and related assets of Gymboree and Crazy 8 for $76 million in cash including the companies’ names, trademarks, domain names and customer databases. The acquisition will be funded by cash on hand and debt from the company’s revolving credit facility, Children’s […]

Lyft Expands Cloud Services Contract With Amazon’s AWS to Streamline Operations Before Possible IPO

11:52 AM, Feb 26, 2019 — Amazon’s (AMZN) web services business has agreed to provide extended cloud computing services to Lyft as the ridesharing company seeks to enable its self-driving technology and expand growth in its scooters and bicycle offerings. Lyft “is leveraging the breadth and depth of AWS’s services, including database, serverless, machine learning, […]

Weekly Commodities ETF Report: Crude, Gold End Week Higher on Positive Developments in US-China Trade Talks

(MT Newswires) – Commodities were mostly firmer for the week, reflecting positive developments in the trade negotiations between the US and China. The trade dispute between the world’s two largest economies has weighed on commodities in the past several months, and most traders are optimistic that an agreement can be reached before March 1, although […]

Tesla Model 3 Loses Consumer Reports’ Recommendation Over Reliability; Toyotas Among Top 2019 Picks

2:15 PM, Feb 21, 2019 — Tesla’s (TSLA) Model 3 electric sedan is no longer being recommended by Consumer Reports after the influential product-testing organization’s annual reliability survey raised issues with the vehicles. Owners of the car, which was unveiled in 2016 and marketed as more affordable than Tesla’s other models, reported problems with body […]

Walmart Reports Fourth-Quarter Earnings, Revenue Topping Forecasts as Comp Sales, E-Commerce Jump

9:14 AM, Feb 19, 2019 — Walmart (WMT) on Tuesday reported fourth-quarter earnings and revenue that both topped forecasts as comparable sales and e-commerce surged. The retailer reported earnings of $1.41 a share, topping the consensus on Capital IQ for $1.33 a share. Revenue came in at $138.8 billion, beating forecasts for $137.6 billion. Shares […]

Weekly Commodities ETF Report: Crude Hits Highest Level So Far in 2019 on OPEC-Led Production Cuts; Gold Rises on Progress in US-China Trade Talks

(MT Newswires) – Crude prices ended Friday’s session higher and the week in positive territory, briefly hitting 2019 highs above $65 per barrel earlier in the week, helped by supply cuts led by The Organization of the Petroleum Exporting Countries (OPEC) and the announcement of an even deeper cut by Saudi Arabia. OPEC cut nearly […]

Under Armour Quarterly Results Could Be ‘Lackluster’ Amid Losses to Nike, Lululemon, Canaccord Says

2:28 PM, Feb 11, 2019 — Under Armour (UAA) is believed to be losing North American market share to rivals Nike (NKE) and lululemon athletica (LULU), according to Canaccord Genuity, which is expecting Tuesday’s pre-market earnings report to be “lackluster”. There’s a lack of compelling product or creative direction, while overall growth is “anemic” in […]

Weekly Commodities ETF Report: Fears of Economic Slowdown, US-China Trade Talk Tensions Drive Most Commodities Lower

(MT Newswires) – Crude prices ended Friday’s session higher but ultimately ended the week in the red as concerns about a possible drop in energy demand due to a global economic slowdown and the ongoing US-China trade dispute continue to weigh on the commodity. Although prices have been moving up at times amid expectations the […]