Uber shares tumble 5% on $1.16 billion quarterly loss

2019-11-04

Uber Technologies Inc. reported another mega-loss on Monday, but its chief executive said there is a light at the end of the profitability tunnel. The ride-hailing service  reported a third-quarter loss of $1.16 billion, or 68 cents a share, compared to a $986 million loss in the same quarter aRead More →

Chip-equipment companies suggest a recovery is on the way

2019-10-31

Companies that sell equipment to make semiconductors are showing strong gains in earnings and on Wall Street, suggesting that they are seeing the earliest signs of a recovery in the beleaguered sector. KLA Corp. KLAC, -2.27%  reported adjusted fiscal first-quarter earnings of $2.48 a share on revenue of $1.41 billionRead More →

Facebook shares rise 4% after earnings beat estimates

2019-10-30

Shares of Facebook Inc. jumped 4% in after-hours trading Wednesday after the company announced third-quarter results that soundly beat analysts’ earnings estimates and topped revenue forecasts. The Menlo Park, Calif.-based company FB, -0.56% reported third-quarter net income of $6.09 billion, or $2.12 a share, in the quarter, compared with $5.14Read More →

HSBC results cast pall over Europe stocks

2019-10-28

Downbeat results from bank HSBC Holdings cast a pall over European stocks on Monday, as equities on the continent retreated from multi-month highs. After finishing Friday at its highest level since January 29, 2018, the Stoxx Europe 600 SXXP, -0.11% declined 0.13% to 397.48. The German DAX DAX, +0.24%  roseRead More →

U.S.-China trade talks ice movement in European stocks

2019-10-10

European stocks struggled for direction on Thursday ahead of high level talks between U.S. and Chinese negotiators as the impact of the trade war hit one major exporter. The Stoxx Europe 600 SXXP, -0.01%  increased 0.04% to 380.45. The German DAX DAX, +0.21%  increased 0.27% to 12126.46, the French CACRead More →

Facebook’s Zuckerberg says he would ‘go to the mat’ over ‘existential’ threat to his business from Elizabeth Warren

2019-10-02

Facebook CEO Mark Zuckerberg says he would “go to the mat” and “fight” against Democratic presidential candidate Sen. Elizabeth Warren who has threatened to break up his social-media empire. Read: Billionaire investor on Elizabeth Warren as president: Market might not even open On Tuesday, The Verge published text and leakedRead More →