Stocks on Wednesday looked set to trade flat to slightly higher, a day after the S&P 500 and Nasdaq carved out their first records in months, underscoring a rebound for stocks since an ugly decline in the last three months of 2018. The advance for equity markets come ahead ofRead More →
You may have noticed that Facebook Inc. seems to face a new scandal every day. But advertisers, users and investors don’t seem to care. The social-media giant delivered record profit, revenue and user numbers in 2018, all while coming under near-constant fire for its treatment of user data and roleRead More →
Snap Inc.’s user numbers were not as bad as expected in Tuesday’s earnings report, but the Snapchat parent company is suddenly struggling in the one area in which it must succeed. Snap SNAP, +3.99% reported narrower-than-expected losses in the first quarter, and 4 million new users from the end ofRead More →
U.S. stocks marched toward new records midday Tuesday, with the S&P 500 and Nasdaq surpassing their all-time closing highs, as investors parse a wave of corporate earnings, including those from blue-chip consumer-focused companies, Coca-Cola Co. and Procter & Gamble Co. How are major indexes faring? The Dow Jones Industrial AverageRead More →
Bloomberg News/Landov A Keller Williams sign is posted outside an open house for a three-bedroom home near Boerne, Texas. Keller Williams, the sprawling national real estate franchisor, plans to launch an instant offer service later this year, another indication of the future path of residential real estate transactions. The embraceRead More →
Uber Technologies dropped its offering prospectus late Thursday as it prepares for an initial public offering in May. The one number it hopes potential investors will notice is revenue growth, which was up 42% last year to $11.3 billion from $7.9 billion in 2017. That’s probably enough for the growth-at-any-priceRead More →
Walmart Inc. said Thursday that it will acquire the technology and assets of Silicon Valley-based Polymorph Labs, adding to its expanding ad business, Walmart Media Group. Details of the deal, including the value of the transaction, were not disclosed. The deal is expected to close later in the spring. WalmartRead More →
The Neiman Marcus location at The Shops & Restaurants at Hudson Yards offers a performance space that can accommodate up to 100 people, space for cooking classes, beauty services including eyelash extensions, and museum-quality pieces of art. There’s also high-end clothes, shoes and beauty products to buy, but the storeRead More →
PagerDuty Inc. late Tuesday hiked the pricing range of its coming initial public offering, signaling heightened demand for its shares as it joins the stampede of IPOs from tech startups expected this year. In a Securities and Exchange Commission filing, PagerDuty PD, +0.00% raised the expected pricing for its IPORead More →
Tesla Inc. shares fell more than 8% on Thursday as Wall Street analysts used some choice words to describe their dismay at the car maker selling fewer-than-expected vehicles in the first quarter. “Ugly,” ”weak” and “disappointing” featured in initial notes, as the miss fueled renewed doubts about Tesla’s future profitability,Read More →
An endorsement from one of the greatest value investors of our generation, and a big owner of shares in Wells Fargo, usually is worth its weight in gold. However, despite a ringing endorsement from Warren Buffett, Tim Sloan — a longtime Wells Fargo executive who replaced beleaguered CEO John StumpfRead More →
Tesla Inc.’s newly revealed Model Y has failed to excite Wall Street, with some investors saying the unveiling of the crossover vehicle played out like an infomercial that sought to mask weaker Model 3 demand and a cash grab. Tesla TSLA, -5.01% shares lost 5% on Friday to close atRead More →
Oracle Corp. shares declined in the extended session Thursday after the enterprise software company forecast its outlook, after the company topped Wall Street estimates again amid a wave of stock buybacks. Oracle shares ORCL, -0.02% , which had bounced up and down about 1% after hours before the outlook wasRead More →
Companies announce earnings in news releases typically titled “Company reports fourth-quarter earnings,” or “Company delivers record-breaking second quarter.” National Beverage Corp. has never quite followed that path, but Chief Executive Nick Caporella deviated from the script in a much more extreme way Thursday. The company that makes the LaCroix brandRead More →
Nearly three years after Elon Musk promised a $35,000 Model 3 electric car, Tesla Inc. has finally delivered. Now, the question is about the promise of profitability Musk has been making for the past few months. Musk walked back his goal of being thinly profitable in the first quarter andRead More →
A year after TiVo Corp. embarked on a “strategic review” of its business, it still hasn’t found a strategy for investors to review. On Feb. 27, 2018, TiVo said it was “evaluating a wide range of strategic alternatives to realize long-term shareholder value,” ranging from “transformative acquisitions that would accelerateRead More →
Editor’s note: A prior version of this article gave an incorrect ARPU figure. The article been corrected. Getty Images Dropbox reported fourth quarter earnings Thursday after the closing bell. Dropbox Inc. reported sales and revenue guidance that topped Wall Street expectations late Thursday, but issued guidance that disappointed investors. DropboxRead More →
Kraft Heinz Inc. shares headed toward record lows in after-hours trading Thursday, after the giant food conglomerate delivered bad news with no condiments to sweeten it. Kraft Heinz KHC, -0.17% shares plunged more than 20% in the extended session, sending shares lower than $39; the stock has not fallen belowRead More →
European stocks were down on Tuesday, as investors responded poorly to earnings from HSBC and BHP Group while trade negotiations between the U.S. and China continue in Washington. HSBC Holdings PLC lost 3% after a disappointing set of annual results. How are markets performing? The Stoxx Europe 600 SXXP, -0.45%Read More →
European stocks traded mixed Monday, but the main index hovered at the best levels in four months as, investors continue to watch trade negotiations between the U.S. and China unfold, hoping for upbeat news. Fintech Wirecard AG jumped by 12% after Germany’s financial regulator banned investors from shorting its shares.Read More →
‘It’s been serious. Driving the rich people out is pretty dumb if you’re a state or a city.’ Charlie Munger That is the famously plain-spoken Charlie Munger, speaking to CNBC’s Becky Quick in an interview on the network that aired on Friday. “They’re old. They keep your hospitals busy. TheyRead More →
Mattel Inc. may need to get a license to the “Freaky Friday” franchise. The toy maker’s stock suffered its worst loss of the millennium on Friday, exactly a week after its best trading session of the 2000s the previous Friday. The boomerang trade was the result of splitting holiday-season earningsRead More →
Yelp Inc. made some moves to stave off a battle with one of its top investors Wednesday, but it did not do much to alleviate concerns about its future and continued its pattern of asking investors to believe it will hit its shifting goals. The online-reviews site reported fourth-quarter earningsRead More →
Cisco Systems Inc. shares rose in the extended session Wednesday after the network giant’s quarterly results and outlook topped Wall Street estimates and the company’s chief executive said demand for its technology has been resilient during uncertain economic times. CEO Chuck Robbins said on the call that Cisco’s product portfolioRead More →
Aurora Cannabis Inc. nearly quadrupled its revenue and claimed a strong market share in an earnings report Monday that detailed the first quarter of legal recreational-pot sales in Canada, but also showed off large losses and a shrinking margin. Aurora ACB, -5.53% ACB, -4.52% disclosed losses of C$237.8 million onRead More →
