Mitsubishi Stock Drops as Rogue Oil Trader Loses $320 Million USD
Mitsubishi Corp (OTCPK:MSBHF) has revealed a rogue oil trader cost the company $320 million USD, causing Mitsubishi stock to drop over 4%. Declining Crude Oil Prices Exposed Bad Trades The Japanese motor manufacturer reported the ... [Read]
AT&T Stock Gains as Company Considers DirecTV Sale
AT&T (NYSE:T) is reportedly considering offloading DirecTV amid pressure from activist investors, boosting AT&T stock by 1%. The telecommunications giant is apparently considering a number of options for the future of satellite TV provider DirecTV, ... [Read]
Roku Stock Drops As Comcast Announces New Streaming Box
Roku stock has dropped nearly 14% after Comcast (NASDAQ:CMCSA) announced it will give away free streaming boxes to internet-only subscribers. Roku Inc (NASDAQ:ROKU) has been the market’s best performer in 2019, having more than quadrupled ... [Read]
KHC Stock Drops After 3G Capital Sells 25 Million Shares
The nightmare year for Kraft Heinz (NASDAQ:KHC) continues as 3G Capital sells off 25 million shares in the troubled food firm, causing KHC stock to drop 4%. Second Largest Investor in KHC Stock Brazilian private ... [Read]
GM Stock Feeling the Pressure on Day One of UAW Strike
Workers at General Motors (NYSE:GM) have gone on strike for the first time in 12 years, causing GM stock to drop over 4%. Largest Single Strike in the US Since 2007 About 46,000 full-time and ... [Read]
PCG Stock Climbs Off $11 Billion USD Wildfire Settlement
Pacific Gas and Electric Co (NYSE:PCG) has reached an $11 billion USD settlement for claims linked to the California wildfires, boosting PCG stock. The settlement will cover 85% of insurance subrogation claims made by insurance ... [Read]
ORCL Stock in the Red as CEO Takes Medical Leave
Oracle Corporation (NYSE:ORCL) has announced that CEO Mark Hurd will take leave for health reasons, causing ORCL stock to drop 4%. ORCL Stock Hit By Hurd’s Absence Oracle, a California-based computer technology firm, confirmed the ... [Read]
BHGE Stock Sinking as General Electric Sells Off 50% Stake
BHGE stock is down 7% today as its parent company, General Electric (NYSE:GE), sells off its majority stake in the oil field services company. Baker Hughes (NYSE:BHGE), a General Electric Company, was merged with the ... [Read]
NFLX Stock Drops 2% As Apple TV+ Undercuts Subscription Price
Netflix (NASDAQ:NFLX) is in for some stiff competition after Apple (NASDAQ:AAPL) revealed further details of its Apple TV+, sending NFLX stock down 2%. While Apple’s streaming service had been long expected, it was officially unveiled ... [Read]
FNMA and FMCC Stock Up 40% as More Details on Reforms Emerge
Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) stock are today’s biggest gainers as more details emerge from the Treasury’s reform package. As we reported last week, FNMA and FMCC stock sunk around 8% following the ... [Read]