Author: Investing.com

© Reuters. India stocks lower at close of trade; Nifty 50 down 0.78% Investing.com – India stocks were lower after the close on Thursday, as losses in the , and sectors led shares lower. At the close in NSE, the fell 0.78%, while the index fell 0.81%. The best performers of the session on the were Wipro Ltd (NS:), which rose 3.14% or 8.15 points to trade at 269.10 at the close. Meanwhile, Housing Development Finance Corporation Ltd (NS:) added 2.24% or 51.30 points to end at 2345.15 and Zee…

© Reuters. Investing.com – You normally don’t think much about railroads, but they move goods from Point A to Point B. Late Tuesday, CSX (NASDAQ:), which operates in the East and South, loudly noted that economic uncertainty, caused in part by the trade disputes between the United States and China, aren’t good for the railroad’s business. CSX (NASDAQ:) Shares slumped more than 10% on Wednesday; other railroad shares fell too. Norfolk Southern (NYSE:) fell 7.5%; Union Pacific (NYSE:) slumped by 6.5% That pulled the average 3.6% lower — and the…

© Reuters. Investing.com – Bank of NY Mellon (NYSE:) reported second quarter that beat analysts’ expectations on Wednesday and revenue that was inline with forecasts. The firm reported earnings per share of $1.01 on revenue of $3.92B. Analysts polled by Investing.com forecast EPS of $0.95 on revenue of $3.92B. That compared to EPS of $1.03 on revenue of $4.14B in the same period a year earlier. The company had reported EPS of $0.94 on revenue of $3.9B in the previous quarter. Bank of NY Mellon follows other major Financial sector…

© Reuters. Investing.com – Asian stocks were mixed in morning trade on Friday amid resurfacing trade tension, while much worse-than-expected Singapore GDP data offered further evidence of the spreading impact of the U.S.-China trade conflict. China’s and the were both up 0.4% by 10:40PM ET (02:40 GMT). Hong Kong’s gained 0.3%. On Thursday, U.S. President Donald Trump complained that China has not increased its purchase of American farm products, even after agreeing to do so when Trump met Chinese leader Xi Jinping last month in Japan. China had never publicly…

© Reuters. Investing.com – Tesla (NASDAQ:) shares accelerated Wednesday after the electric carmaker is reportedly set to raise output at its factory in California, easing fears that demand for its Model 3 vehicle was running out of steam. Bloomberg reported that Jerome Guillen, Tesla’s automotive president, said in an email to employees that Tesla is “making preparations” to increase production. Tesla (NASDAQ:) rose about 2.8%. Tesla (NASDAQ:) told investors in April it expected to deliver between 90,000 and 100,000 vehicles in the second quarter of the year, but the company…