Market Analysis

Stocks Fluctuate Between Gains and Losses Before Energy, Financials Send US Measures Higher

Stocks Fluctuate Between Gains and Losses Before Energy, Financials Send US Measures Higher

The US equity benchmarks swung between gains and losses on the first trading day of 2019 before finally settling just higher as a recovery in oil prices lifted energy stocks and financials climbed. Goldman Sachs (GS) rose about 3% to lead the gainers on the Dow Jones Industrial Average as […]

Netflix Names Activision Blizzard’s Neumann to Become New CFO, Replacing Wells

Netflix Names Activision Blizzard’s Neumann to Become New CFO, Replacing Wells

Netflix (NFLX) named Spencer Neumann of Activision Blizzard (ATVI) as its chief financial officer, replacing David Wells who announced plans to leave the firm in August. Neumann was CFO of video-game maker Activision since May 2017 and was previously with Walt Disney (DIS) in a number of roles, including CFO […]

Nokia, Ericsson Struggle to Take Advantage of US Scrutiny Against Huawei

Nokia, Ericsson Struggle to Take Advantage of US Scrutiny Against Huawei

The US-led scrutiny against China’s Huawei Technologies should have been an opportunity for Finland’s Nokia (NOK) and Sweden’s Ericsson (ERIC), but the two telecommunications equipment companies have struggled to capitalize on it, The Wall Street Journal reported on Wednesday, citing sources at major wireless providers in Europe. The sources said […]

European Equity Benchmarks Close Mixed; Investors Buy Energy Stocks, Sell Automotives

European Equity Benchmarks Close Mixed; Investors Buy Energy Stocks, Sell Automotives

Broad-based major European indices closed mixed Wednesday as investors favored utilities and energy companies over automotive stocks in the first trading day of 2019. In economic news, the slowdown of growth in the euro area’s manufacturing economy throughout 2018 continued in December, according to the IHS Markit Eurozone Manufacturing PMI, […]