Port Authority Of Valencia Joins Maersk, IBM Blockchain Project TradeLens

Port Authority Of Valencia Joins Maersk, IBM Blockchain Project TradeLens
Spain’s Port Authority of Valencia or Valenciaport, has joined the blockchain-enabled shipping solution project TradeLens as “Early Adopters.” The solution is jointly developed by Danish transport and logistics giant Maersk and IBM by applying blockchain to the world’s global supply chain. The partnership with IBM and Maersk will facilitate application of blockchain technology in Valenciaport’s logistics chain to promote more... Read More

Major Averages Holding On To Moderate Gains In Mid-Day Trading – U.S. Commentary

Major Averages Holding On To Moderate Gains In Mid-Day Trading – U.S. Commentary
After moving to the upside early in the session, stocks remain mostly positive in mid-day trading on Tuesday. The major averages have all climbed into positive territory following the mixed performance seen in the previous session. Currently, the major averages are off their highs of the session but holding on to moderate gains. The Dow is up 111.46 points or... Read More

Dow transports get a boost from Matson, Expeditors stock rallies on earnings beats

Dow transports get a boost from Matson, Expeditors stock rallies on earnings beats
Shares of Matson Inc. MATX, +11.41% shot up 11.1% in morning trade Tuesday, enough to pace the Dow Jones Transportation Average’s DJT, +0.61% gainers, after the ocean transportation, rail and trucking services company reported late Monday third-quarter earnings and revenue that rose above expectations and raised his fourth-quarter outlook. The price gain, which would be stretch its win streak to... Read More

FedEx to raise ground, home delivery shipping rates starting Jan. 7

FedEx to raise ground, home delivery shipping rates starting Jan. 7
FedEx Corp. FDX, -1.06% said Monday it will increase U.S. shipping rates by an average 4.9%, starting Jan. 7, 2019. The package delivery service said the increase includes rates for U.S. domestic, U.S. export and U.S. import services, including FedEx Ground and FedEx Home Delivery. Rates for FedEx SmartPost will also increase. FedEx Freight shipping rates will increase by an... Read More

American Axle’s stock tumbles toward 6-month low after earnings miss by a wide margin

American Axle’s stock tumbles toward 6-month low after earnings miss by a wide margin
Shares of American Axle & Manufacturing Holdings Inc. AXL, +3.63% tumbled 9.4% toward a six-month low in premarket trade Friday, after the auto parts maker reported third-quarter earnings that were well below expectations, citing increases in launch-related expenses and manufacturing costs. Net income fell to $63.8 million, or 55 cents a share, from $86.2 million, or 75 cents a share,... Read More

YRC Worldwide’s stock plunges to lead Nasdaq losers after big earnings miss

YRC Worldwide’s stock plunges to lead Nasdaq losers after big earnings miss
Shares of YRC Worldwide Inc. YRCW, -24.94% plummeted 25% in afternoon trade, to pace the Nasdaq exchange’s decliners, after the trucking company reported a bid third-quarter earnings miss, even though revenue top expectations. Net income was $15.1 million, or 9 cents a share, compared with $5.5 million, or 9 cents a share, in the same period a year ago. According... Read More

Bitcoin Mining Can Worsen Global Warming: Study

Bitcoin Mining Can Worsen Global Warming: Study
A research says that crypto currency mining could produce enough emissions to raise global temperatures by 2°C within 15 years. “Bitcoin is a cryptocurrency with heavy hardware requirements, and this obviously translates into large electricity demands,” said Randi Rollins, a master’s student at the University of Hawaii at Manoa and co-author of the paper. Rollins and her colleagues estimated that... Read More

Upbeat Jobs Data, Earnings News May Lead To Strength On Wall Street

Upbeat Jobs Data, Earnings News May Lead To Strength On Wall Street
The major U.S. index futures are pointing to a higher opening on Wednesday, with stocks likely to extend the strong upward move seen late in the previous session. Early buying interest may be generated in reaction to a report from payroll processor ADP showing stronger than expected private sector job growth in the month of October. The upbeat private sector... Read More

Stocks Close Sharply Higher After Late-Day Rally – U.S. Commentary

Stocks Close Sharply Higher After Late-Day Rally – U.S. Commentary
After fluctuating for much of the session, stocks moved significantly higher late in the trading day on Tuesday. The major averages climbed firmly into positive territory after turning lower over the course of the previous session. The major averages saw further upside going into the close, ending the day just off their highs of the session. The Dow soared 431.72... Read More

Stocks Fluctuate But Remain Mostly Positive – U.S. Commentary

Stocks Fluctuate But Remain Mostly Positive – U.S. Commentary
Stocks have fluctuated over the course of the trading day on Tuesday but have largely maintained a positive bias. The major averages are firmly in positive territory in mid-day trading after turning lower in the previous session. Currently, the major averages are posting notable gains. The Dow is up 201.12 points or 0.8 percent at 24,644.04, the Nasdaq is up... Read More