Hearts, flowers and CPI data. Get ready for Tuesday. And hell hath no fury like a disappointed Wall Street. The last time CPI let the markets down — last September — stocks melted down like chocolate....
Tag: Earnings
Morgan Stanley Strategists Say Stocks Ignore Fed, Earnings Reality
(Bloomberg) — US stocks are ripe for a selloff after prematurely pricing in a pause in Federal Reserve rate hikes, according to Morgan Stanley strategists. Most Read from Bloomberg “While the re...
Who Will Win the Super Bowl This Year? Sports Betting Apps Might Be the Champs.
The first U.S. sports-betting operations are moving toward profitability after a period out of favor with investors. Feb. 11, 2023 12:01 am ET Fans will flood into Phoenix on Sunday to watch Super Bow...
Lyft Stock Plunges As Earnings Fall Short
Lyft (LYFT) got pounded Friday as 19 equity analysts either cut their price targets or lowered ratings after the company reported fourth-quarter results that fell below expectations and offered a firs...
Big Oil’s Big Paradox: Record Profits, Low Stock Valuations
Big Oil has never been more profitable, but it has hardly ever been a smaller part of the stock market. That’s enough to make industry executives feel unappreciated. “We’re grossly undervalued,” says ...
Staking revenues under threat as Coinbase shares tumble 22%
U.S. regulators set their sights on crypto-staking services this week, and Coinbase shares tumbled 22%. Shares in the exchange began to trade lower following comments from CEO Brian Armstrong, w...
Shopify Stock Fades Gains Ahead Of Q4 Earnings; Fast-Growing Toast, 4 Top Chip Stocks Also Set To Report
Fourth-quarter earnings season is winding down, but Shopify stock is among a group of top-rated growth companies set to report earnings in the coming week. Shopify (SHOP) has a perfect Accumulation/Di...
Dow Jones Falls On Hot Inflation Survey Data; Lyft Crashes 35% On Earnings Miss
The Dow Jones Industrial Average traded at session lows Friday morning after preliminary inflation expectations from the University of Michigan. Ride-hailing company Lyft (LYFT) crashed 35% on weak fo...
Lyft stock melts down after earnings ‘debacle for the ages’
Lyft Inc. isn’t getting too many stars for its latest earnings report, which is helping to send shares down more than 30% Friday morning as numerous bulls head for the hills and fret about the company...
Bitcoin, crypto prices slip; Coinbase extends losses as regulatory fears spook market
Cryptocurrency prices nosedived overnight on the back of increased regulatory scrutiny. Coinbase and Silvergate extended losses in the early session. Bitcoin was trading at $21,770, down 4.2% o...
Disney Plans to Reinstate Its Dividend and Cut 7,000 Jobs. Nelson Peltz Declares Victory.
Walt Disney stock jumped after the entertainment company topped earnings expectations, while also announcing it was planning to cut jobs and reinstate its its dividend. Disney (ticker: DIS) reported n...
Bitcoin has hit bottom — at least that’s what Pantera Capital and Osprey Funds chiefs say
Crypto chiefs say bitcoin prices have hit bottom and are consolidating. Bitcoin was trading around $21,760 at 7 a.m. EST, down about 4% over the past 24 hours, according to TradingView data. Th...
PayPal CEO Dan Schulman plans his exit as earnings return to growth
Only one thing was missing from PayPal Holdings Inc.’s packed fourth-quarter earnings report, which brought upbeat profit performance, a new user metric and the announcement of Chief Executive Dan Sch...
SoFi Stock Enjoys Price Rally Following a Fine Earnings Release
The online loan provider showcased better results than estimates SOFI stock price is trading at 7.20 USD The digital fintech space has significantly changed with SoFi Technologies (NASDAQ: SOFI) stepp...
PepsiCo Q4 Earnings Top Estimates; Hikes Dividend
PepsiCo Inc (NASDAQ: PEP) reported fourth-quarter FY22 sales growth of 10.9% year-on-year to $28 billion, beating the consensus of $26.84 billion. Net revenue from Frito-Lay North America increased 25...
Earnings Top Estimates, CEO Schulman To Retire| Investor’s Business Daily
PayPal Holdings (PYPL) on Thursday reported fourth-quarter earnings and revenue that topped views while total payment volume missed. PayPal stock fell as the company’s own outlook came in above ...
Cloudflare Stock: Cloudflare Earnings Top Views Amid Strong 2023 Revenue Outlook For NET Stock
Cloudflare (NET) on Thursday reported fourth-quarter earnings and revenue that edged by Wall Street targets. The company’s outlook came in above expectations, and Cloudflare stock popped. X For ...
Company will cut 1,250 positions in 2023
Pedestrians walk past the News Corporation headquarters building in New York. Michael Nagle | Bloomberg | Getty Images News Corp. said Thursday it will cut about 1,250 positions, or 5% of its workforc...
PayPal earnings: What to expect
The world of online checkout continues to heat up, and investors want to see how digital-payments pioneer PayPal Holdings Inc. is holding its own. After a rough year for PayPal PYPL, -1.63% highlighte...
PepsiCo Beats Earnings Estimates and Hikes Dividend. The Stock Is Rising.
PepsiCo beat earnings and revenue estimates in the fourth quarter, driven by higher prices. It increased its annual dividend, sending the stock higher in premarket trading Thursday. The beverages and ...
Coinbase drops 8% as CEO Armstrong calls out SEC; Silvergate sinks 5%
Crypto-related stocks sold off at the open, with Coinbase and Silvergate leading the drop. Coinbase shares fell over 8% to $63 by 11:15 a.m. EST, according to Nasdaq data. Last night Coinbase CE...
PepsiCo Q4 earnings beat estimates as guidance falls short; board approves 10% dividend hike
PepsiCo Inc. PEP, +1.12% said Thursday it had net income of $518 million, or 37 cents a share, in the fourth quarter, down from $1.322 billion, or 95 cents a share, in the year-earlier period. Adjuste...
Only 13 companies have issued upbeat profit forecasts for Q1, but earnings are due from this pessimism-resistant industry
A tough fourth quarter for corporate earnings is largely in the past, and the first quarter isn’t exactly looking great either, but upcoming results this week from the one industry spared by the pande...