(Bloomberg) — Teladoc Health Inc., a telemedicine company that is one of Cathie Wood’s biggest investments, lost almost half its value Thursday after slashing its forecast on cost inflation and ...
Tag: Stock
Amazon looks to cut costs after first loss in seven years sends stock careening lower
Amazon.com Inc. reported a loss of nearly $4 billion in the first quarter of 2022 as inflationary pressures added costs, and executives expect to make changes to cut some expenses. Amazon AMZN, +4.65%...
Intel’s Revenue Guidance Falls Short. The Stock Drops.
Text size An Intel desktop processor. Courtesy Intel Corporation Intel forecast less revenue than expected for the June quarter, sending the stock lower in after-hours trading. The company cited weake...
Stock futures sink as Amazon, Apple shares decline after quarterly reports
U.S. stock futures opened sharply lower Thursday evening to give back gains after a regular-session rally, with a fresh set of mixed quarterly results from some major technology companies weighing on ...
Apple stock swings to a loss after executives warn of billions in added costs
Apple Inc. topped earnings expectations and set a new record for March-quarter revenue to start 2022, but executives expect to see steeper pressure and billions in additional costs from challenges in ...
Central Bank of Russia Intends to Bring Crypto to Stock Exchanges
The Central Bank of Russia (CBR) is reportedly making plans to permit cryptocurrencies like Bitcoin (BTC) to start trading on the nation’s regulated stock exchanges. According to Kommersant, the apex ...
Amazon Stock Plunges On Surprise Q1 Loss, Weak Near-Term Outlook
Updated at 5:42 pm EST Amazon Inc (AMZN) – Get Amazon.com, Inc. Report posted a surprise first quarter loss Thursday, thanks in part to a $7.6 billion write down on its investment in EV maker R...
MSFT Stock Rallies but ATVI Slips to Its Lowest Price Since Proposed Acquisition
The Microsoft (MSFT) deal with Activision Blizzard is expected to close before July 2023. Microsoft Corporation (NASDAQ: MSFT) stock and those of game publisher Activision Blizzard Inc (NASDAQ: ATVI) ...
QCOM Stock Up 6%, Qualcomm Reports 41% Revenue Jump in Q2 2022
Qualcomm reported a healthy set of numbers for the quarter ending March with its smartphones chip sales growing 56% year-over-year. On Wednesday, April 27, chipmaking giant Qualcomm Inc (NASDAQ: QCOM)...
Cathie Wood Leads the Market in Schadenfreude – And It’s Not Hard to See Why
The ARK Invest ETFs, which are operated by Cathie Wood, are leading the market in schadenfreude. Schadenfreude is the German word for taking pleasure in the misfortune of others. In this miserable mar...
Amazon stock will likely do well moving forward
Amazon.com Inc (NASDAQ: AMZN) is reporting its financial results for the first quarter today, after the bell. Ahead of earnings, the stock is up roughly 5.0%. Why David Wagner likes Amazon stock While...
General Dynamics stock target raised at JPMorgan but should you buy it?
General Dynamics Corporation (NYSE:GD) was assigned an overweight rating at JPMorgan with a price target of $260. This was after its earnings per share of $2.61 in the first quarter, surpassing estima...
Cathie Wood’s Ark Fund Plunges To Two-Year Low As Teladoc Stock Crashes, Tesla Slips Again
Topline New York City-based Ark Invest’s flagship fund posted staggering losses Thursday as top holdings like Tesla, cryptocurrency exchange Coinbase and virtual healthcare firm Teladoc slumped ...
Russia’s Central Bank wants stock exchanges to support crypto trading
TL;DR Breakdown The Central Bank of Russia has recently proposed allowing traditional stock exchanges to trade in digital assets. The regulator seeks to provide investors with a regulated platform on ...
Pinterest (PINS) Stock Sees Sharp Jump After Q1 2022 Earnings
PINS stock jumped 8% in after-market hours as the company’s ad revenue per user was up 28% at $1.33. On Wednesday, April 27, social media giant Pinterest (NYSE: PINS) reported its first-quarter (Q1) e...
Beauty company Oddity creates crypto token that converts to stock at IPO
Oddity is a beauty company with a strong focus on tech. They have launched several innovative projects from hyperspectral imagery to micro-influencer apps designed to revolutionize the online beauty i...
Bank of Russia Seeks to Allow Stock Exchanges to Trade Digital Assets – Regulation Bitcoin News
The Central Bank of Russia has recently proposed authorizing traditional stock exchanges to operate in the digital assets market. Industry watchers say the regulator aims to provide investors with an ...
The meme stock craze is ‘pretty bro-y,’ says CEO of investing platform for women
The meme stock craze — which multiplied the value of beleaguered companies like GameStop (GME) and squeezed hedge funds that bet against them — became a symbol of the populist fight between small-time...
Stock futures edge higher as market attempts comeback from earlier sell-off
U.S. equity futures edged higher ahead of overnight trading Wednesday following a choppy earlier session that saw stocks pare some losses from a steep sell-off on Tuesday. Contracts on the S&P 500...
Right on the money – PayPal meets expectations as stock pops 5%
PayPal Holdings (NASDAQ: PYPL) on Wednesday, April 27, after-hours trading rose at one point by 5.7% as they met earnings expectations and beat revenue. It was not all positive though as the company a...
ServiceNow Stock: Earnings Top Estimates, Guidance Meets Views
ServiceNow stock popped Wednesday after the enterprise software maker reported March-quarter earnings and revenue that topped analyst estimates. Revenue guidance for the company met expectations amid ...