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Google, IBM Disappointment Leads To Drop in US Stocks
Stock News Midday trading in Wall Street saw a drastic drop in US stocks, especially the Tech stocks as the market faced disappointment from Google and IBM. The technology sector drifted lower as Google and IBM posted their dismal earnings report trailing investors’ expectations. The Internet giant’s shares experienced a fall too shortly after its…
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Yahoo Stocks Surges as Alibaba’s Revenue Gets A Boost
16 April 2014 – Yahoo Inc posted its quarterly revenue growth showing some spectacular performance by its stocks as the Internet Company’s advertising business continues to rake in the profits, gaining momentum by each second. This has put Yahoo in the driver’s seat, positioning itself for a slow but steady growth over the course of…
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Citigroup Posts Better than Expected Income, Assets Perform Better
14 April 2014 – Beating the expectations of the Wall Street, Citigroup posted its better-than-expected first quarterly earning reports. Its first quarter net profit rose to $4.15 billion which is $1.30 a share from $2 billion. Wall Street market analysts had expected a net earning of $1.14 a share from Citigroup, US’s third largest bank.…
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Gold Holds Steady, Averts Rate Hike Fears
Friday trading hours saw gold trading at its highest in 2-1/2 weeks, setting the platform for making this week, the best one in the whole month. Gold has been spot on in making the best out of this ongoing week, riding on weaker equities and the growing chances of the Federal Reserve holding off its…