Cisco and not FAANG among tech stocks amid Sino-U.S. trade risk

Bank of America has picked Cisco Systems as the big buy among tech stocks due to its potentially lower risk in connection to the...

Tencent’s first-quarter profit rose 17%, beats analyst estimates

Tencent Holdings Ltd has reported that its profit for the first quarter jumped 17%, with most of the revenue coming from its Fintech and...

Oil prices jump after ‘terrorist’ drone attack on Saudi oil pipelines

Oil prices increased sharply on Tuesday morning after reports emerged that two pipeline stations in Saudi Arabia had suffered drone attacks. According to the state-owned...

Toshiba Says Annual Profit Will Grow Four-Fold

Toshiba Corp has said that its annual operating profit will increase four-fold to hit estimates previously predicted by economists. According to the firm, the new...

Bank of America Positive on Ford (NYSE: F), Upgrades Stock to ‘Buy’

Ford (NYSE: F) shares have continued its good performance on Saturday, having gained on Friday following a positive nod from Bank of America Merrill...

U.S. tariffs on Chinese goods increase on deadline, China threatens retaliation

U.S. tariffs have jumped, even as the talks enter the second day in Washington. The U.S. President Donald Trump last week announced that new...

Energy sector stocks swerve towards bearish territory

It is the only sector in the S&P 500 to close below its 52-week high, ending the day's trading in a correction. That is how...

China’s $13.84 billion trade surplus for April too far from expectations

China has reported its trade surplus for April, showing the powerhouse missed by a big margin as exports declined while imports unexpectedly rose. These figures...

LME Set To Launch Mini Metals Contracts Targeting Asian Traders

The London Metal Exchange (LME) is reportedly eyeing Asian retail investors as interest in the region skyrockets, according to the company's CEO Matthew Chamberlain. An...

Occidental’s Revised $38 Billion Anadarko Bid Cuts Need for Shareholder Vote

Occidental Petroleum Corp has augmented its bid for Anadarko with a cash component and moved to cut out a requirement that would have seen...