A worker carries bananas inside the Walmart Supercenter in North Bergen, New Jersey.Eduardo Munoz Alvarez | APWalmart announced a three-for-one stock split on Tuesday as the retailer's shares sit just below their all-time high.The company said the additional shares will be payable after the market closes Feb. 23 to...
Check out the companies making headlines in postmarket trading. Microsoft — The tech giant slipped 1% after releasing its quarterly results. Microsoft posted earnings of $2.93 per share on $62.02 billion in revenue. Analysts surveyed by LSEG, formerly known as Refinitiv, had expected earnings of $2.78 per share and...
Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019. Steve Marcus | ReutersAMD reported fourth-quarter earnings on Tuesday that were in line with analyst expectations, while the company's revenue beat...
Block, the fintech company whose subsidiaries include Square, Cash App and Afterpay, is laying off staff at a tumultuous time for tech industry workers. That’s according to an internal memo from CEO Jack Dorsey, obtained first by Business Insider, which states that “the growth of [Block] has far outpaced the...
A sign hangs in front of the world headquarters of Vertex Pharmaceuticals in Boston on Oct. 23, 2019.Brian Snyder | ReutersVertex Pharmaceuticals on Tuesday said its experimental painkiller, which is being tested as an alternative to addictive opioids, significantly decreased post-surgery pain in late-stage trialsThe drug, known as VX-548,...
MIAMI, FLORIDA - JUNE 11: A Starbucks coffee cup sits on a table as the company reported supply shortages at some coffee shops on June 11, 2021 in Miami, Florida. The coffee chain said it had supply shortages for some items due to problems in the supply chain. (Photo...
Spend management startup Ramp has acquired AI-powered procurement startup Venue, the companies announced today. Founded in 2022 by TK Kong, Young Kim, and Kevin Chan, Venue’s aim was to “simplify how businesses review, approve, and manage the cost of vendors in use across their company.” The startup raised $1.2 million in...
PayPal has begun company-wide layoffs, according to multiple reports, including an article published by The Information. It is not yet clear at the time of writing how many people will be affected by the job cuts but one source told TechCrunch it was expected to be in the “thousands.” Update:...