Amazon first-quarter revenue report pleased worldwide investors
Amazon has reported outstanding first quarter earnings for the year, beating Wall Street expectations. The increase in profits was mainly due to the increased sales in the North American retail market. Amazon’s advertising business and cloud computing division incremented the company’s overall revenue. The e-commerce giant’s profit beat Wall Street estimations by $2 per share. The company reported a whopping $51...
Ford to cut production of its low performing cars
Ford Motor Co. is planning to cut its spending by nearly $11.5 billion. To achieve this cost reduction target, the company is considering to drop several of its sedans including Taurus and Fusion from its manufacturing lineup. By doing so, the automobile maker aims to hit its profit target for the year. On Wednesday, Ford’s CFO, Mr. Bob Shanks said...
Amazon Prime membership price increased
Starting May 11, the increase would be valid for new customers. For the first time in four years, the company's chief financial officer announced on a call with analysts on Thursday that Amazon's Prime membership would increase its price in the U.S. Soon, members would pay $119 a year for the shipping and entertainment membership program.  For current Prime members,...
Takeda Pharmaceutical merge with Shire Plc.
Japan’s largest Pharmaceutical Company Takeda, has reached an initial agreement to acquire Shire Plc. for 46 billion pounds. If this takeover is confirmed, then Takeda Pharmaceutical Co will become one of the biggest Pharmaceutical companies in the world. Shire Plc’s board of directors said that it is eager to propose this deal to the shareholders. The U.K. based company’s board...
Caterpillar Inc. loses value per share
Caterpillar Inc. (CAT NYSE) saw a decline in its share price last Tuesday. The increase in material costs resulted in a decrease of profit margins for manufacturers of heavy equipment, and with Donald Trump’s government initiation to crackdown steel imports.  Last month, Caterpillar posted a strong performance, reporting profits higher than anticipation with an outlook to a robust and abundant 2018. Investors...
Tesla halts production of Model 3
The automobile manufacturer, Tesla is pausing the production of its Model 3 sedan for the second time in just a span of 2 months after the CEO confessed to faults that stalled creation of his most important car. On Monday, Tesla’s employees have been told that the pause in production will last for five days. Last month, the automobile manufacturer...
Goldman Sachs Succesful EPS run
Goldman Sachs has outdone analysts’ expectations as the investment giant reported its revenues performing way better than expected, beating analysts’ expectations by a slide. The company revealed its earnings on Tuesday, and one of the critical factors that helped the firm grow its earnings per share were its sales from equity trading, which helped much with the market volatility. Revenue of $10.04 billion versus...
US Housing Market March Report
The US housing market has performed better than expectations with  1.319 million starts in March compared to the expected 1.262 million starts in the month, revealing exceptional turnarounds in the US homebuilding market. The reason such increase was due to the rebound observed in the construction of multi-family housing units. However, on the contrary, these revealed a weakness in the...

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