© Reuters. Traders exit the 11 Wall St. door of the NYSE in New York By Medha Singh and Devik Jain (Reuters) – Wall Street’s three major indexes tumbled on Wednesday as investors weighed the risk to domestic economy from rising coronavirus cases and a worsening forecast of the damageRead More →
Slack Technologies Inc. revenue topped $200 million in a quarter for the first time, but the stock still sank hard in the extended session Thursday afternoon after closing at record highs in recent days. Slack reported a loss of $74.4 million, or 13 cents a share, on revenue of $201.7Read More →
By Stephanie Nebehay and Ryan Woo GENEVA/BEIJING (Reuters) – Hopes the coronavirus would be contained to China vanished on Friday as infections spread rapidly around the world, countries started stockpiling medical equipment and investors took flight in expectation of a global recession. Share prices were on track for the worstRead More →
© Reuters. The German headquarters of eBay is pictured at Europarc Dreilinden business park south of Berlin in Kleinmachnow By Ayanti Bera (Reuters) – EBay Inc (O:) forecast first-quarter revenue below analysts’ estimates on Tuesday, as the e-commerce company faces fierce competition from Amazon.com Inc (O:) and Walmart Inc (N:).Read More →
Intel Corp.’s 2020 forecast will determine how its stock swings on Thursday, but what are the chances that outlook actually stays the same for more than a quarter? Intel INTC, +3.60% investors suffered a choppy ride last year, after the chip maker set its forecast at the start of 2019,Read More →
Oil futures fell on Wednesday to mark their lowest settlement in about seven weeks as fears of an oversupply of crude, and potential hit to demand on the back of the coronavirus outbreak in China, outweighed a disruption to Libyan production. West Texas Intermediate crude for March delivery CLH20, -2.76%Read More →
© Reuters. A Federal Express Ground truck travels down a highway through Carlsbad, California By Lisa Baertlein (Reuters) – FedEx Corp (NYSE:) on Tuesday issued its second warning for fiscal 2020 profit as it spent heavily to launch Sunday delivery in time for the holidays, the continued tariff fight restrainedRead More →
© Reuters. FILE PHOTO: Apple iPhone 11’s are pictured inside of the Apple Store on Fifth Ave in the Manhattan borough of New York By Stephen Nellis (Reuters) – Apple Inc (O:) on Wednesday forecast sales for the crucial holiday shopping quarter that topped Wall Street expectations, with Chief ExecutiveRead More →
Micron Technology Inc. shares fell in the extended session Thursday after the memory-chip maker reported another large earnings decline and predicted a disappointing holiday season. Micron MU, -1.76% shares were down 6.5% in after-hours trading Thursday at the end of an afternoon conference call to discuss the fiscal fourth-quarter results.Read More →
© Reuters. The logo of Airbus is pictured at their facility in Montoir-de-Bretagne near Saint-Nazaire By Tim Hepher LONDON (Reuters) – Airbus on Wednesday revised up forecasts for jetliner demand over the next 20 years, led by growth in the new industrial hubs of Asia despite short-term concerns over globalRead More →
© Reuters. S&P says Mexican government’s 2020 growth forecast likely too optimistic MEXICO CITY (Reuters) – S&P Global Ratings views the Mexican government’s 2020 economic growth forecast of 1.5% to 2.5% as too optimistic, the credit rating agency said in a statement on Friday. “It’s probable that our updated growthRead More →
Slack Technologies Inc.’s stock midday Thursday pared most of a double-digit-percentage decline, with investors punishing the company for a disappointing growth forecast, referred to by at least one research firm as “anemic” but likely conservative. Bernstein analyst Mark Moerdler said the outlook for the company seemed to initially weigh onRead More →
(Reuters) – Target Corp (N:) beat Wall Street estimates for quarterly same-store sales on Wednesday, as the big box retailer benefited from higher online sales and an increase in shoppers at its stores, sending shares up 5% in pre-market trading. The company also raised its full-year adjusted profit forecast betweenRead More →
Asian markets were mixed in early trading Friday after Japan’s GDP grew, but so did China’s inflation. New data showed Japan’s economy grew at a faster-than-expected pace in the June-ended second quarter. The economy expanded at an annualized rate of 1.8%, beating analysts’ estimates of 0.4% growth, according to DowRead More →
Investors, economists and policy makers have been far too optimistic that Donald Trump’s trade wars would be resolved without disrupting the global economy, says Christophe Barraud, chief economist and strategist at Market Securities, and the winner of MarketWatch’s Forecaster of the Month contest for May. “A lot of people betRead More →
© Reuters. FILE PHOTO: The Nordstrom store is pictured in Broomfield (Reuters) – Department store operator Nordstrom Inc (NYSE:) on Tuesday cut its forecast for full-year sales and profit after reporting weaker than expected first-quarter results that were hurt by the roll out of a new loyalty program and slowRead More →
© Reuters. FILE PHOTO: The Intel logo is shown at E3, the world’s largest video game industry convention in Los Angeles By Sayanti Chakraborty and Stephen Nellis (Reuters) – Chipmaker Intel Corp (NASDAQ:) on Thursday cut its full-year revenue forecast and missed analysts’ estimates for first-quarter sales for the dataRead More →
Micron Technology Inc. faces a lowered bar for its quarterly results, but will need to show signs of a turnaround in the memory chip market later to avoid yet more concerns. Micron MU, +2.94% is scheduled to report fiscal second-quarter earnings after the bell Wednesday. The Boise, Idaho-based chip makerRead More →
Ford Motor Co. stock rose Thursday as the auto maker earned points with Wall Street for being a bit more forthright with its 2019 goals though stopped short of issuing an official outlook. Ford F, +1.98% late Wednesday reported a surprise fourth-quarter GAAP loss and revenue above expectations. On Thursday,Read More →
© Reuters. FILE PHOTO: An Apple iphone 6 with Apple Pay is shown in this photo illustration in Encinitas , California By Stephen Nellis and Munsif Vengattil (Reuters) – Apple Inc on Wednesday took the rare step of cutting its quarterly sales forecast, with Chief Executive Tim Cook blaming slowingRead More →
