Jeff Bezos is one of a kind CEO and Wall Street loves giving him the benefit of the doubt for his Amazon growth strategy. Almost every major Wall Street analyst defended their bullish calls Friday morning even as the internet giant’s shares fell after it posted weaker than expected earnings. The profit miss was the […]
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Swiss franc on track for biggest drop in six years and the devaluation has further to run, say analysts
The Swiss franc was on track for its biggest monthly drop in six years Friday after it recorded a fourth consecutive day of losses, prompting analysts to suggest that the appreciation of the “safe haven” currency may be losing steam. The sudden drop came as a surprise to investors given the Swiss currency’s reputation for […]
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Now playing on a quote screen near you: “The Divergent Series: Financials vs. Technology.” Financial and tech stocks – the two largest segments of the market – have been moving in opposition to one another lately to an unusual degree. On a day-by-day basis, when Big Tech has been rallying it’s come at the apparent […]
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AstraZeneca's dramatic share dive amid drug trial setback 'not justified', says star stock picker
AstraZeneca saw more than £10 billion ($13.08 billion) wiped off its market value on Thursday, yet one of Britain’s most influential investors argued the pharma giant’s investment case remains “very, very attractive.” Shares in the ailing Anglo-Swedish pharmaceuticals group tumbled almost 16 percent Thursday, hitting its lowest level in five months after the firm announced […]
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Ferrari driver wrecks $288,000 supercar just an hour after he bought it
A driver in the United Kingdom has destroyed his £220,000 ($288,000) supercar in an accident after owning it for just one hour. Police in South Yorkshire said the driver was able to walk away with just cuts and bruises after the Ferrari 430 “went airborne and burst into flames” in South Yorkshire on Thursday. In […]
Read moreA commuter train crashed into a buffer in Barcelona’s Francia terminus on Friday morning, injuring at least 54 people, one of them seriously, emergency services said on Friday. The force of the crash crumpled the front of the train against the buffer and detached a sheet of metal. Twenty of the injured, including the driver, […]
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Amazon’s first foray into the Southeast Asian market appears to have hit a roadblock. The e-commerce giant launched its express, same-day delivery service, Prime Now, on Thursday morning in Singapore, but by that afternoon the service seemed to have become unusable. Many users in Singapore were unable to select a delivery window for their purchases […]
Read moreAsian indexes closed mostly lower on Friday as investors parsed through corporate earnings in the region. Japan’s Nikkei 225 slid 0.6 percent, or 119.8 points, to close at 19,959.84. South Korea’s benchmark Kospi index declined 1.73 percent, or 42.25 points, to end at 2,400.99. In Australia, the S&P/ASX 200 fell 1.42 percent, or 82.192 points, […]
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Regular drinking can reduce risk of developing diabetes, study suggests
Drinking alcohol three to four times per week could significantly reduce a person’s chances of developing diabetes, according to a new study. Wine is tipped to be the most beneficial, followed by beer, but researchers warn that clear spirits, such as gin and vodka, could substantially increase a woman’s chances of succumbing to the condition. […]
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British Airways-owner IAG forecasts double-digit rise in full-year operating profit
British Airways owner IAG said on Friday that it expects operating profit for 2017 to show a double-digit percentage improvement following a strong second quarter, despite a massive power outage which grounded some flights. IAG said that operating profit for the six months to June 30 was 975 million euros, up 37.3 per cent compared […]
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