Baidu turns bullish on strong second-quarter outlook
On Thursday last week, the internet search engine Baidu (BIDU) reported a 24.3% rise in the fiscal 2016 first-quarter revenue. Following the results, the shares of Baidu gained 4.45% to close at $194.30 on Friday. Considering the impressive mobile revenue
Read MoreStrong cloud business prospects keep Microsoft bullish
On Thursday last week, software giant Microsoft Corp (MSFT) reported its fiscal 2016 third quarter results, which were below the analysts’ estimates. Following the results, on Friday, the shares went into red to close at $51.78. However, many traders believe
Read MoreFord turns bullish on strong first quarter sales
Amidst the slowdown in the global economy, the US automotive sector continues to fare remarkably well. In March, the Ford Motor Co. (F) achieved a milestone by overtaking General Motors in monthly sales. In this regard, the financial news edition
Read MoreRBS Withdraws All Banking Services To Kingfisher Beer In Europe
Despite his best efforts, liquor baron Vijay Mallya’s troubles are extending to his overseas ventures as well. The Royal Bank Of Scotland (RBS) recently announced that it is planning to withdraw its credit line and other banking services provided to
Read MoreAlcoa turns bullish as earnings beat estimates
In the past eight months, the share price of the renowned aluminum manufacturer Alcoa (AA) remained mostly range bound between $8 and $10. It is needless to say that the commodity price decline was primarily responsible for the poor performance
Read MoreUK Banks’ Have Payed Out Up To £53 Billion Due To Misconduct
A study has revealed that U.K.’s retail banks have paid almost £53 billion as fines for financial misconduct since 2000. Over the years, this has affected the ability of the banks to rebuild capital, reduced dividends for investors and limited
Read MoreTesla firms up on strong pre-order for Model 3 sedan
The introduction of Model 3 electric sedan by renowned electric car maker, Tesla Motors (TSLA), has turned the market’s attention, as expected, towards the company. In less than two months, the share price of Tesla had soared by $100. Optimists
Read MoreAlibaba signals downtrend on scrutiny over food business
Alibaba Group Holding Ltd. (BABA) hit a new milestone in business by surpassing sales transaction of 3 trillion Yuan ($463 billion) in the fiscal 2015, which ends in March. The company also announced that in another two years time, its
Read MoreMicron Remains Bearish On Poor Demand For DRAMs
The share price of semi-conductor chip manufacturer Micron (MU) has declined more than 50% in the past eight months. The forward PE ratio of Micron is 6.8. Thus, the current share price of about $11.30 looks cheap. Another argument that
Read MoreRBI Suggests System For Assessing Global Monetary Policies
Raghuram Rajan, the Governor of the Reserve Bank of India (RBI), India’s central bank has asked global central banks to consider a new system for assessing the wider economic impact of their policies. He made these remarks during a speech
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