United Rentals shares slide after earnings

United Rentals shares slide after earnings
United Rentals Inc. URI, -1.54% shares declined in the extended session Wednesday after the equipment rental company topped Wall Street estimates for the quarter but said its improved outlook did not include a pending acquisition. United Rentals shares fell 4% after hours, following a 1.5% decline to close the regular session at $139.04. The company reported third-quarter net income of... Read More

Seven banks say they will introduce digital trade finance network

Seven banks say they will introduce digital trade finance network
Seven banks say they are entering a partnership to digitize trade and supply chain finance. ANZ, Banco Santander, BNP Paribas, Citi, Deutsche Bank, HSBC and Standard Chartered say the network will let companies “easily and securely communicate trade information directly with banks.” The network will be introduced at the Sibos conference in Sydney and will be built by technology firm... Read More

Energy, IT Stocks Drag TSX Lower

Energy, IT Stocks Drag TSX Lower
The Canadian stock market ended modestly lower on Wednesday, after trading in negative territory right through the session, weighed down by lower commodity prices and largely sluggish U.S. and European markets. Information technology, energy and healthcare stocks were among the prominent losers. Industrial and materials stocks too were mostly weak. Financial stocks found modest support, while consumer discretionary and real... Read More

MoviePass parent under New York attorney general’s probe: report

MoviePass parent under New York attorney general’s probe: report
New York Attorney General Barbara Underwood has opened a probe into Helios and Matheson Analystics Inc. HMNY, +3.63% Moviepass’s parent company, according to a report on CNBC Wednesday that cited people familiar with the matter. The attorney general’s office is investigating whether the company misled investors regarding its finances, and the probe is in its early stages, the report said.... Read More

Alphabet stock initiated at Wedbush with outperform rating

Alphabet stock initiated at Wedbush with outperform rating
Wedbush analyst Michael Pachter initiated coverage of Alphabet Inc.’s stock GOOGL, -0.48% GOOG, -0.50% on Wednesday afternoon, setting a $1,350 price target on the shares. He is upbeat about Google’s ability to “maintain positive ad momentum” even though he expects that Facebook Inc. FB, +0.40% and Amazon.com Inc. AMZN, +0.65% will “continue to pressure the rate of Google’s growth” thanks... Read More

Stocks Close Roughly Flat After Recovering From Early Weakness – U.S. Commentary

Stocks Close Roughly Flat After Recovering From Early Weakness – U.S. Commentary
After recovering from an early move to the downside, stocks showed a lack of direction over the course of afternoon trading on Wednesday. The major averages spent the afternoon bouncing back and forth across the unchanged line. The major averages eventually ended the day in negative territory. While the Dow fell 91.74 points or 0.4 percent to 25,706.68, the Nasdaq... Read More