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Investment banking rescues Goldman Sachs in Q3 2017

The global investment banking giant Goldman Sachs Group (NYSE: GS) reported a better-than-anticipated fiscal 2017 third-quarter results on Tuesday. Goldman Sachs also managed to beat fixed-income, currencies, and commodities (FICC) revenue estimate, while most of the major banks failed to

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Nike reports 24% y-o-y decline in Q1 2018 earnings

Apparel and footwear manufacturer Nike Inc (NYSE: NKE) reported mixed fiscal 2018 first-quarter results, last Wednesday. While the revenues failed to beat estimates, the adjusted earnings surpassed expectations. A strong growth in China was mainly responsible for the company to

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Visa turns bearish on Equifax data breach

Credit card issuer, Visa Inc. (NYSE: V) reported better than anticipated fiscal 2017 second-quarter results in July. The company also raised its full-year 2017 estimates. The impressive results had enabled the stock to appreciate by about 5% to $105, so

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BHP swings to FY17 profit, to divest shale properties

The stock of BHP Billiton Ltd (NYSE: BHP), the world’s largest miner by market capitalization, recorded a new yearly high of $44.24 on the 1st of September, after the company posted fiscal 2017 underlying net profit that increased more than

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Sempra Energy Acquires Oncor For $9.45 Billion

U.S. Utility Firm Sempra Energy recently announced the acquisition of Oncor Electric Delivery Co, a Texas power distributor for $9.45 billion, beating out a bid by Warren Buffett’s Berkshire Hathaway Inc. Sempra said that it will be funding the deal

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Intel beats Q2 2017 estimates, raises FY17 outlook

The stock of chip maker Intel Corp (NASDAQ: INTC) is just about 6% below the 12-month high of $38.45. The stock has gained about 1.5% in the past one week, after reporting better than anticipated fiscal 2017 second-quarter results. The

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NYC Mayor Asks Wealthy New Yorkers To Pay More Taxes

New York City Mayor Bill de Blasio has proposed a new tax on wealthy New Yorkers to fund the repairs for the city’s crumbling subway. The plan will also support a measure which will offer half-price MetroCards for low-income users,

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Concerns over rising costs & EU fine turns Google bearish

Last week, the world’s leading search engine provider Alphabet (NASDAQ: GOOGL) reported better than anticipated fiscal 2017 second quarter results. However, the stock was battered by speculators due to a $1.353 billion y-o-y decline in the Q2 2017 GAAP net

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Citigroup beats Q2 estimates, raises dividend by 100%

Investment banking and financial services corporation Citigroup Inc (NYSE: C) reported its fiscal 2017 second-quarter results that surpassed analysts’ expectations. However, the investors have not rewarded the stock so far. The 3% y-o-y decline in the net income is one

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Underweight rating and EU investigation turn GE bearish

In the last week of April, diversified industrial giant General Electric (NYSE: GE) reported a swing to profit on a non-GAAP basis in the first-quarter of 2017, compared to a non-GAAP net loss in the similar period last year. However,

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