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Tag: earnings

  • GameStop stock up nearly 50% on surprise quarterly profit, higher sales

    The share of GameStop Corp. rose 48% in the extended session on Tuesday after the specialty retailer reported surprising quarterly earnings and sales that beat Wall Street’s expectations. The retailer is “aggressively focused on improving profitability year-over-year while still pursuing pragmatic long-term growth,” Chief Executive Matt Furlong said during the post-results talk with the company. […]

  • US consumer spending fell in February after a brisk start to the year

    Retail sales fell in February as consumers pulled back after a strong start to the year amid high interest rates and inflation. Spending in stores, online and in restaurants fell a seasonally adjusted 0.4% in February, the Commerce Department said Wednesday. Sales in January were revised to a gain of 3.2%. Retail sales figures are […]

  • Department of Justice, SEC investigates Silicon Valley Bank collapse

    WASHINGTON — The Justice Department and the Securities and Exchange Commission are investigating the collapse of Silicon Valley Bank, according to people familiar with the matter, after the California lender was taken over by regulators last week amid a historic run on its deposits. The individual probes are in the preliminary phase and should not […]

  • Saudi Aramco records record profit of $161 billion for 2022

    Saudi Arabia’s national oil company reported a record annual profit of $161 billion for 2022, the largest ever by an energy company, continuing a dramatic turnaround for the global oil industry after the war in Ukraine pushed crude oil prices and commodity flows up. turned his head. Saudi Arabian Oil Co., known as Aramco, said […]

  • DocuSign shares fall as investors see near-term ‘turbulence’ of reorganization

    Published: March 10, 2023 at 1:55 PM ET Shares of DocuSign fell Friday after Wall Street said an ongoing reorganization of the electronic signature company is likely to create turbulence in the near term, even if it beat expectations for the quarter. DocuSign DOCU shares fell as much as 20% to an intraday low of […]

  • Why the stock market rally can continue, says Morgan Stanley strategist who only recently warned of a death zone.

    Following last week’s rally, investors appear headed for the sidelines on Monday. Aside from a disappointing growth forecast out of China over the weekend driving oil prices higher, we have a sparse but solid lineup for the week with comments from Fed Chair Jerome Powell and a jobs update. Here’s Deutsche Bank, summarizing what’s at […]

  • Twitter’s revenue, adjusted revenue, was down about 40% in the month of December

    Twitter Inc. reported a drop in sales and adjusted earnings for the month of December after many advertisers left the social media platform following the Elon Musk acquisition, according to people familiar with the matter. In an update to investors, Twitter reported a roughly 40% year-over-year decline in both revenue and adjusted earnings for the […]

  • Tesla stock is more popular than ever among individual investors

    In recent weeks, they’ve been buying up shares of Elon Musk’s electric vehicle maker at a breakneck pace, repeatedly setting records for one-day purchases. As of 2023, they have spent a net $13.6 billion on Tesla stock, which is approaching the all-year record of nearly $17 billion, according to Vanda Research. Their interest in Tesla […]

  • Warren Buffett’s Berkshire Hathaway Post Big Loss in 2022 in Rocky Market

    Warren Buffett is still betting on America. Stocks and bonds slumped in 2022 after central banks spiked interest rates to try to contain inflation. But Buffett kept his sense of optimism in his annual letter to investors on Saturday, saying he continues to believe in the resilience of the US economy. “I have been investing […]