In this article EBAY Follow your favorite stocksCREATE FREE ACCOUNT A sign is posted in front of eBay headquarters in San Jose, California. Justin Sullivan | Getty Images Shares of eBay slumped about 9% in extended trading on Wednesday after the online marketplace posted its third-quarter earnings and gave guidance for the fourth quarter that
Month: October 2024
Microsoft reported better-than-expected quarterly results Thursday, led by strong growth in its cloud-computing business — but soft guidance pressured shares in after-hours trading. Revenue increased 16% year over year to $65.56 billion in its fiscal 2025 first quarter, beating the Street consensus estimate of $64.51 billion, according to data from LSEG. Earnings per share increased
Returning soon to a Starbucks near you: Ceramic mugs, Sharpies on cups and the condiment bar to add your own cream and sugar. Those were just some of the details that Brian Niccol shared Wednesday night on his first earnings call since taking over as CEO of the struggling coffee giant on Sept. 9. Starbucks
Don’t let the after-hours stock action fool you, Meta Platforms delivered one heck of a strong third quarter and a current quarter revenue guide above expectations. Revenue in the three months ended Sept. 30 rose nearly 19% year over year to $40.59 billion, outpacing the $40.29 billion expected, according to analysts’ estimates compiled by LSEG.
Customers shop at a Samsung mobile store inside a shopping mall in New Delhi. Reuters | Anindito Mukherjee Samsung Electronics on Thursday reported third-quarter sales and operating profit slightly above its own expectations, but its chip business posted a sharply lower profit from the previous quarter. The semiconductor unit reported third-quarter operating profit of 3.86
In this article WISE-GB Follow your favorite stocksCREATE FREE ACCOUNT Kristo Kaarmann, CEO and co-founder of Wise. Eoin Noonan | Sportsfile | Getty Images LONDON — Kristo Käärmann, the billionaire CEO of money transfer firm Wise, was slapped with a £350,000 ($454 million) fine by financial regulators in the U.K for failing to report an
Artificial intelligence startup Sierra, co-founded by ex-Salesforce co-CEO Bret Taylor, is more than quadrupling its valuation to $4.5 billion in a fresh funding round. The San Francisco-based company, which was valued at $1 billion in January, raised $175 million in a funding round led by Greenoaks Capital. The Information reported earlier this month that Sierra
In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT The Chase bank logo above ATMs, taken in Manhattan. Michael Kappeler | Picture Alliance | Getty Images JPMorgan Chase has begun suing customers who allegedly stole thousands of dollars from ATMs by taking advantage of a technical glitch that allowed them to withdraw funds before
Chinese autonomous driving company WeRide listed on the Nasdaq on Friday, Oct. 25, 2024. China News Service | China News Service | Getty Images BEIJING — Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts said, as some high-profile listings outside the mainland this year raise investor optimism over
Chinese smartphone company Xiaomi on Tuesday announced a sports car version of its SU7 electric sedan would begin preorders for the equivalent of more than $110,000. Luna Lin | Afp | Getty Images BEIJING — China’s Xiaomi said Tuesday that it had delivered more than 20,000 SU7 EVs in October as it ramps up production
On Monday, British tech lobby group Startup Coalition warned in a blog post that there was a risk Reeves’ tax plans could result in a tech “brain drain.”. (Photo by Oli Scarff/Getty Images) Oli Scarff | Getty Images LONDON — Britain’s Labour government on Wednesday announced plans to raise the rate of capital gains tax
Chinese smartphone company Honor has released devices that fold up to be nearly as thin as an iPhone. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese smartphone company Honor on Thursday announced backing from new investors as the Huawei spinoff prepares for an initial public offering. The new backers are: China Telecom — one
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk is on track to become the world’s first trillionaire by 2027, according to a recent report from Informa Connect Academy. Of the world’s billionaires, Musk is the closest to that 13-figure mark, and his wealth is growing. At the start of 2020, Musk
Hidden inside a 46-story luxury condominium building in Miami is a massive garage where dozens of busy robots whisk cars to and from parking spots. The futuristic 24/7 operation unfolds across a 13-level garage and employs five car lifts, dozens of lasers and hundreds of bar codes embedded in the floors. Residents who pull into one
High end Porsche 911 Carrrera GTS car parked outside the Chanel store on Bond Street on 16th October 2023 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — Britain’s ultra-rich non-doms are urging the government to introduce an Italian-style flat-tax regime to prevent a wealth exodus, as their preferential status
Introducing the new Patek Philippe Cubitus line. Courtesy: Patek Philippe Storied Swiss watch maker Patek Philippe announced its first new collection in 25 years this week, dubbed the Cubitus line. The new collection comes at a time when luxury watch prices have largely stabilized, fueled by strong demand. Younger investors and collectors began buying up
The University of Chicago Booth School of Business. Courtesy: The University of Chicago Booth School of Business. A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Top universities are tapping into the
A gallery staff member looks at a painting by Andy Warhol & Jean-Michel Basquiat, Collaboration, 1982-1985, estimate £1,000,000 1,500,000 during a photo call at Christie’s auction house showcasing the highlights of 20th/21st Century Evening Sale in London, United Kingdom on October 06, 2023. Wiktor Szymanowicz | Future Publishing | Getty Images A version of this
Renderings of plans for a new development at the Bahia Mar marina in Fort Lauderdale, Florida. Courtesy: ArX Creative A team of developers including Related Group is launching a $2 billion development at the largest marina in Fort Lauderdale, Florida, aiming to create a “mini Monaco,” according to executives. The new development at the Bahia
There are many technical indicators for traders to choose from. For Carter Worth, there’s one that stands out above all others: volume. “A lot of charters don’t look at volume. They say it’s all in the price action. … but volume is the essential criteria,” Worth, the founder of Worth Charting with more than three
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