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STMicroelectronics notes a 7.9% growth in quarterly revenue

One of the leading names in Franco-Italian chipmakers, STMicroelectronics, announced its fourth-quarter performance results on Thursday. As per the earnings report, while traditional products were hit by a modest slowdown in the recent quarter, the sharply increasing demand for dedicated...

SmileDirect Has A History Of Making Customers Frown

SmileDirectClub is a direct-to-consumer medtech platform that helps customers straighten their teeth. According to a New York Times expose, the company appears to have a reputation of making customers frown when they weren’t happy with their expensive purchase and demanded...

Here’s Why IBM Stock Price Gapped Higher

Shares of International Business Machines Corp (IBM) opened 3% higher yesterday after the tech giant reported higher-than-expected Q4 earnings. The stock ended the day 3.39% higher to trade at the highest levels since October last year.  Fundamental analysis: A successful...

Boeing’s New CEO Wants a Fresh Start On New Mid-Market Airplane

Boeing’s new Chief Executive, Dave Calhoun, wants to reassess the design of the new mid-market airplane due to changes in the aviation industry, and increased attention on pilot-aircraft interactions. The rollout of the new model, which seats 220-270 passengers, was...

Burberry upgrades outlook for full-year following an upbeat quarter

British luxury fashion house, Burberry, upgraded its full-year forecast on Wednesday. The company cited a sharply increasing demand for Riccardo Tisci’s new collection in the last quarter to have contributed to the revised forecast. Same-Store Sales Climbed 3% In The...

Novavax Stock Price Erupts 70% On A New Vaccine

Shares of Novavax (NVAX), a clinical-stage vaccine company, skyrocketed yesterday on the news that the company’s new vaccine is in the late-stage clinical trials. Fundamental analysis: Fast-track designation obtained   The biotech firm said that it has received fast track designation...

Halliburton Beats Estimate on International Demand

Halliburton, the U.S. oilfield services firm, reported higher-than-expected quarterly earnings on the back of the increase in international demand.  The company reported earnings of $0.32 per share compared to analysts’ average estimate of $0.29 per share. Although total revenue decreased...

Manufacturing sales contract for the third consecutive month in Canada

Statistics Canada announced the monthly manufacturing sales report on Tuesday. Printing marginally lower than analysts’ estimate, the report weighed on the Canadian dollar in the forex market. Manufacturing sales dropped by 0.6% in November that marked the third consecutive month...

Is Elon Musk’s SpaceX likely to IPO in 2020?

SpaceX founder and CEO Elon Musk on Monday made one of the long-awaited announcements – It is now official; SpaceX will be taking NASA astronauts to the moon before the close of the first half of 2020. The announcement by...

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