Let’s talk about the popular International Business Machines Corporation (NYSE:IBM). The company’s shares saw a double-digit share price rise of over 10% in the past couple of months on the NYSE. With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the […]
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GMV growth fueled by omnichannel capabilities and merchants adopting more solutions to run their businesses Shopify reports in U.S. dollars and in accordance with U.S. GAAP Internet, Everywhere–(Newsfile Corp. – October 27, 2022) – Shopify Inc. (NYSE, TSX: SHOP), a provider of essential internet infrastructure for commerce, announced today financial […]
Meta (META) shares plunged more than 22% on Thursday morning after the Facebook parent reported the prior day that its revenue declined last quarter and missed analysts’ expectations. The bad news comes as the social media giant pushes harder into the metaverse, the 3-D virtual world that inspired the company’s […]
Newsweek opinion editor Josh Hammer on NYC Mayor Eric Adams’ handling of migrants being bused from Texas, Rep. Liz Cheney’s defeat and where the GOP stands ahead of the 2022 midterms. Republican Rep. Liz Cheney (R-Wyo.) is targeting Arizona Republicans for defeat with a new $500,000 ad buy from her […]
Elon Musk is now leading Twitter, according to CNBC. Two top Twitter executives, CEO Parag Agrawal and Chief Financial Officer Ned Segal, were also out, CNBC reported. Musk first made his $44 billion offer to acquire the social media platform in April, then sought to pull out of the deal […]
U.S. equities rallied Friday, as an earnings beat from Apple helped stocks elbow their way past a week of Wall Street misses for Big Tech. The S&P 500 (^GSPC) gained 2.5%. The Dow Jones Industrial Average (^DJI) bounced more than 800 points, or 2.6%, to a two-month high, as […]
Bitcoin Foundation Chairman Brock Pierce discusses the cryptocurrency market, its influence on politics, and provides an outlook of the market on ‘Cavuto: Coast to Coast.’ China and Russia may be working toward a new gold-backed currency in a move that would aim to dethrone the dollar as the primary reserve […]
Now that Elon Musk has closed on his acquisition of the social media platform Twitter, what happens to Twitter’s stock? The transaction to make Twitter a private company was completed late Thursday, according to a Securities and Exchange Commission document. By Friday morning, Twitter’s stock had already stopped trading on […]
SAN FRANCISCO, October 25, 2022–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.30 per share, payable Dec. 1, 2022, to stockholders of record on Nov. 4, 2022, as approved today by the Wells Fargo board of directors. This press release features multimedia. View […]
New York CNN Business — Beyond Meat, the company known for plant-based burgers designed to look, taste and cook like meat, is getting into plant-based steak. But the new product, meant to mimic an expensive cut of beef, arrives as interest in the plant-based sector appears to be ebbing. On […]
Secretary of Labor Marty Walsh speaks during a news conference at the White House in Washington, April 2, 2021. Erin Scott | Reuters There has been a lot of talk about looming layoffs, and by some recent surveying, as many as half of large employers are thinking about labor cost […]
Oct 23, 2022 11:47 PM IST Mumbai records 118 new Covid cases Mumbai on Sunday recorded 118 new Covid cases which pushed the caseload to 11,53,417. Oct 23, 2022 11:12 PM IST Russia’s dirty bomb claims ‘absurd’ and ‘dangerous’, says Ukraine The Ukrainian government on Sunday denied that it was […]
U.S. stocks closed another session of losses Thursday as third-quarter financial results from companies continued to barrel in against a backdrop of persisting growth concerns on Wall Street. The S&P 500 (^GSPC) fell 0.8%, while the Dow Jones Industrial Average (^DJI) shed around 90 points, or 0.3%. The technology-heavy Nasdaq […]
CHARLOTTE, N.C., Oct. 19, 2022 /PRNewswire/ — Ally Financial Inc. (NYSE: ALLY) today reported its third quarter 2022 financial results. View full press release in PDF. The news release, presentation and financial supplement can be accessed in the following ways: Ally will host a conference call at 9 a.m. ET to […]
John Lee, Hong Kong’s chief executive, arrives to deliver his policy address at the Legislative Council in Hong Kong on Oct. 19, 2022. Paul Yeung | Bloomberg | Getty Images Hong Kong Chief Executive John Lee on Wednesday announced plans to attract talent and investment to the Asian financial hub […]
The Bank’s Financial Stability Committee on Sep. 28 announced a two-week emergency purchase program for long-dated U.K. government bonds. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England’s emergency bond-buying program draws to a close on Friday, with traders remaining on edge as volatility in the U.K. […]
Rival grocers Kroger and Albertsons on Friday announced plans to team up. The companies said Kroger agreed to buy Albertsons for $34.10 a share in a deal valued at $24.6 billion. Albertsons shares had closed Thursday at $28.63 after surging on reports that a deal was imminent. Kroger is the second largest grocer by […]
Hong Kong CNN Business — When Xi Jinping came to power a decade ago, China had just overtaken Japan to become the world’s second largest economy. It has grown at a phenomenal pace since then. With an average annual growth rate of 6.7% since 2012, China has seen one of […]
SAN JOSE, Calif., October 12, 2022–(BUSINESS WIRE)–QuantumScape Corporation (NYSE: QS), a leader in developing next-generation solid-state lithium-metal batteries, today announced it will release 2022 third-quarter financial results after market close on Wednesday, October 26, 2022. This will be followed by a conference call at 2:00 p.m. Pacific Time (5:00 p.m. […]
Advanced Micro Devices, Inc. Preliminary third quarter revenue of approximately $5.6 billion, lower than prior outlook of $6.7 billion plus or minus $200 million, primarily due to weaker Client segment revenue Revenue for Data Center, Gaming, and Embedded Segments each grew significantly year-over-year and in-line with the company’s expectations Management […]