Teva Pharmaceutical Industries Ltd (ADR) (TEVA) stock jumped more than 15 percent Thursday after the company announced it will be laying off 14,000 employees and suspending its dividend as part of a restructuring and cost-cutting initiative.
After a bumpy road for most of 2017, Nike Inc (NYSE: NKE) stock has come on strong with a 20 percent gain the past three months. As Nike prepares to report its fiscal second-quarter earnings Dec. 21, Argus analyst John Staszak says the company is well-positioned to continue its bullish momentum.
Alibaba Group Holding Ltd (NYSE: BABA) has been a major retail disruptor in China thanks to its creative approach and willingness to embrace technology. This week, the company provided investors with updates on the innovative ways Alibaba is planning to disrupt the Chinese auto market as well.
After weeks of market rumors, Walt Disney Co (NYSE: DIS) announced Thursday it is making a deal with Twenty-First Century Fox Inc (FOXA) to acquire the majority of Fox’s movie studio and cable TV assets.
In 2017, Wal-Mart Stores Inc (NYSE: WMT) has proven that there’s plenty of room for two e-commerce giants to thrive in the U.S. market. According to Stifel analyst Scott Devitt, there’s no need for U.S. investors to pick between Alibaba Group Holding Ltd (BABA) and JD.com Inc (JD) in China.
The Senate is reportedly working on a draft of a house financing reform bill that could have huge implications for Fannie Mae and Freddie Mac. Since 2012, all of Fannie and Freddie’s profits have been turned over to the government under the terms of their bailouts during the financial crisis.
Mattel, Inc. (Nasdaq: MAT) stock tumbled more than 4 percent on Tuesday as investors continue to digest the company’s recent guidance cut and subsequent credit downgrades from three major credit agencies. The credit downgrades dig Mattel’s hole a little bit deeper as it looks to implement an aggressive turnaround plan in coming years.
Less than a month after unveiling its new long-range electric Semi truck, Tesla Inc (TSLA) has received its largest pre-order for the vehicle yet. On Tuesday, a PepsiCo Inc (PEP) executive said the company has ordered 100 Tesla Semis, bringing total known reservations to 267, according to Reuters.
Facebook Inc (Nasdaq: FB) has accumulated a massive user base of customers and has grown into the gold standard of social media. Investors certainly aren’t questioning Facebook’s revenue growth or market returns, but one former Facebook executive says society is paying a steep price for Facebook’s success.
Amazon.com, Inc. (Nasdaq: AMZN) has been a major market disruptor in the U.S. in recent years. But as the company continues to attack new markets in North America, pushing its way into similar markets around the world may come with a unique set of challenges for Amazon.