Tag: Financial Performance

Yeezy Gap collection is coming in the first half of 2021

Gap Inc. GPS, +7.60% says the highly anticipated Yeezy Gap collection, created in partnership with musician and designer Kanye West, whose label is called Yeezy,...

European stocks softer in aftermath of Fed Chair Powell’s comments

European stocks struggled on Friday, following sharp losses for Wall Street after Federal Reserve Chair Jerome Powell indicated the central bank wasn’t ready to stem...

Opinion: These 2 pipeline stocks are undervalued and pay a fat dividend

Pipelines are undergoing a renaissance, but it’s not the one you think. The previous renaissance of shale oil and natural gas development was anything but...

GameStop saga illustrates rising ‘noise trader risk’ that could feed market volatility, warns quantitative analyst

The wild trading saga surrounding GameStop Corp. and other meme stocks targeted by bands of individual investors ostensibly out to prove a point, rather than...

Salesforce earnings live up to Benioff’s $20-billion goal, so now it’s on to the next one

Salesforce.com Inc. easily topped $20 billion in revenue for the first time in its recently completed fiscal year, so now it’s time for a new...

Need to report bitcoin trades on your taxes? Here are 5 things to know first

Treasury Department Secretary Janet Yellen is not big on bitcoin, a point she reiterated recently when she called the digital currency speculative and “inefficient.” That...

Square’s ‘Year of the Cash App’ finishes with debate over profits

Square Inc. capped off what one analyst called “The Year of the Cash App” with surging revenues and improved user growth for its mobile wallet,...

Palo Alto Networks stock pressured by earnings outlook

Palo Alto Networks Inc. shares declined in the extended session Monday after the company’s earnings outlook fell short of the Wall Street consensus despite high...

Worldwide chip shortage expected to last into next year, and that’s good news for semiconductor stocks

A global shortage of semiconductors has pushed chip stocks to record highs, and analysts expect that chips will continue to be in short supply at...

Tesla bitcoin gambit already made $1 billion, more than 2020 profit from car sales, estimates analyst

Much has been made about the hefty sum that Tesla Inc. has invested in bitcoin, a speculative asset that has only been around since 2009....

The rational bubble is turning irrational — and the next few weeks are critical, strategist says

The action this week has been centered on the bond market, not the stock market, as Treasury yields have climbed in reaction to the progress...

GameStop hearing challenges assumptions about rookie investors — ‘Retail investors making up this new surge are different’

YOLO? Maybe not quite so. During the GameStop trading frenzy, some observers worried many rookie retail investors banding together on sites like Reddit’s WallStreetBets would...

Apple stock breaks below post-COVID uptrend line after largest shareholders disclose share sales

Shares of Apple Inc. sank to a one-month low Wednesday, and broke below two key chart levels in the process, after the technology behemoth’s two...

We were ‘dangerously close’ to collapse of ‘entire system,’ says Interactive Brokers founder ahead of GameStop hearing

“ ‘What I would like to point out here is that we have come dangerously close to the collapse of the entire system, and the...

Ford accelerates toward an all-electric future in Europe, as part of its $22 billion EV investment

Ford is the latest automobile maker to announce ambitious new targets to switch to all-electric production of its cars by 2030 in Europe. The U.S....

Here’s the best of what international corporate leaders have been discussing on earnings calls

As much as U.S. companies have suffered from the pandemic, their global competition has struggled even more. Fourth-quarter earnings per share for S&P 500 companies...

Regulator objects to $9.2 billion sale of eBay arm in the latest move to protect online competition

In the latest move from regulators to protect competition in online marketplaces, the U.K.’s Competition and Markets Authority, or CMA, has objected to the sale...

Affirm earnings top expectations, but stock slips

Affirm Holdings Inc. topped revenue expectations for its latest quarter and issued an upbeat forecast, but shares slipped in after-hours trading Thursday. The company, which...

Uber rides recovering and delivery bookings rise 128%, but revenue misses expectations

Uber Technologies Inc. on Wednesday reported fourth-quarter and full-year results that showed a continued recovery from the effects of the coronavirus pandemic, but it continued...

Lyft shares surge nearly 11% as it posts narrower-than-expected full-year loss and signals optimism over rides

Lyft Inc. on Tuesday reported fourth-quarter results that showed there was a continued rebound in ride-hailing, but it was marred by an increase in COVID-19...

Heavily shorted stocks began their ‘off the charts’ rally long before the GameStop frenzy, Deutsche Bank says

It’s another busy week of earnings, and U.S. stocks have made a solid start. Earnings aside, the expectation that new stimulus will heat up the...

Individual investors are back — here’s what it means for the stock market

Look who’s back. After a long absence, active individual investors have returned. While breakneck and foolhardy trading activity in shares of GameStop Corp. GME, +19.20%...

GameStop, AMC stocks close lower as oversight momentum builds, Reddit poster to testify

GameStop Corp. shares closed lower Thursday for their third trading day this week as volatile trading of heavily shorted stocks comes under more federal scrutiny....

Cannabis stocks rally anew as $7 billion GW Pharma deal spurs interest in weed and its medical benefits

Cannabis stocks rallied anew on Wednesday, spurred on by news of a $7 billion deal for the first company to win U.S. regulatory approval for...

S&P 500 earnings recession set to end, as Q4 EPS swings to growth

The S&P 500 earnings recession is now set to end, as bottom-line results for the fourth quarter have swung to growth for the first time...