Author: Marc Ferrigno

Roku Adding Premium Subscription Services to Bolster Entertainment Offerings

Roku Adding Premium Subscription Services to Bolster Entertainment Offerings

Roku (ROKU) plans to add premium subscriptions to content providers including CBS’s (CBS) Showtime and Starz from Lionsgate (LGF.A, LGF.B) to its Roku Channel service, the company said on Wednesday. The subscriptions can be accessed with a free trial and then managed with a single bill, the streaming service said in a statement. Availability of the premium offerings will begin […]

Wall Street Loses Traction as Tech Sector Continues to Correct

Wall Street Loses Traction as Tech Sector Continues to Correct

Selling pressure on tech stocks continued to plague Wall Street Thursday with the major averages all surrendering early gains to trade lower. Wednesday’s Congressional testimony by tech executives Sheryl Sandberg and Jack Dorsey continued to weigh on the sector amid concerns that Washington will enact regulations to restrain the social media industry. Coupled with persistent fears of a protracted trade […]

UK New Car Market Sees 23.1% Uplift in August as Share of Hybrid, Electric Cars Expands

The UK new car market enjoyed a boost in August, with year-on-year demand surging 23.1%, according to the Society of Motor Manufacturers and Traders, which represents more than 800 automotive companies in Britain. Demand was up across the board, with consumers and fleets seeing a surge in registrations of 23.3% and 19.7%, respectively, while orders from the smaller business sector […]

Workday Ramps up Full Year Outlook After Second Quarter Results Top Street View

Workday Ramps up Full Year Outlook After Second Quarter Results Top Street View

Cloud computing company Workday (WDAY) raised its full year revenue outlook late on Tuesday as it posted better-than-expected results for its top and bottom lines which was buttressed by a jump in subscriptions. The Pleasanton, California-headquartered company, which provides enterprise cloud applications for financial management and human capital management, generated total revenue of $671.7 million in the quarter ended July […]

European Equity Benchmarks Close Sharply Lower; Mining, Automotive, Bank Stocks Saddle Markets

The broad-based major European indices closed lower in Wednesday trading as mining, automotive and bank stocks burdened the markets In economic news, the UK’s consumer prices index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.3% in July, unchanged from June 2018, while the consumer prices index (CPI) 12-month rate was 2.5% for the month, up from 2.4% […]

Tribune Media May Review Assets, Make Acquisitions in Wake of Sinclair Deal Failure

Tribune Media (TRCO) could still explore a strategic review of some of its assets and start making acquisitions soon after killing its attempt to merge with Sinclair Broadcast Group (SBGI), S&P Global Ratings said on Wednesday. The agency raised its outlook on the Chicago-based broadcast and digital content company to stable from negative, while affirming its BB- issuer credit rating […]

European Equity Benchmarks Close Mixed; Investors Favor Retailers, Shun Energy Stocks

European Equity Benchmarks Close Mixed; Investors Favor Retailers, Shun Energy Stocks

The broad-based major European indices closed mixed in Thursday trading as the continental markets rose, while the London exchanged moved lower. In economic news, the Organization for Economic Co-operation and Development (OECD) reported that composite leading indicators (CLIs), which are designed to anticipate turning points in economic activity, are pointing to easing growth momentum in the euro area as a […]

Producer Price Inflation Misses Expectations

Producer price inflation was flat in July, coming in below expectations as the measure of final demand services contracted for the first time since December. The flat reading for last month compares with an advance of 0.3% in June and the consensus on Econoday for another rise of 0.3%. Year-on-year, PPI rose 3.3%, slightly slower than the 3.4% pace of […]