Alphabet shares surged during Tuesday's after-hours trading following the Google parent's better-than-expected quarterly revenue and earnings on cloud and advertising strength. Total revenue for the three months ended Sept. 30 climbed 15%, or 16% on a constant-currency basis, to $88.27 billion, better than estimates of $86.3 billion, according to...
Advanced Micro Devices on Tuesday posted a solid set of third-quarter results thanks to strong sales in the data center and PC markets. But shares fell more than 7% in extended trading, as investors wanted to see faster growth in its AI chip business. We're taking the long-term view...
Alphabet incoming CFO Anat Ashkenazi, who spent 23 years at Eli LillyEli LillyFor nine years, the CFO role at Google and parent company Alphabet was held by Ruth Porat, who took a giant pay package in 2015 to leave Wall Street for Silicon Valley.On Tuesday, Porat's successor, Anat Ashkenazi,...
Check out the companies making headlines in after-hours trading: Chipotle Mexican Grill — The burrito chain reported mixed quarterly results and shares dipped 3%. Chipotle reported adjusted earnings of 27 cents per share, exceeding expectations of 25 cents a share from analysts polled by LSEG. Revenue came out at...
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City.Spencer Platt | Getty ImagesReddit shares jumped 22%...
A customer holds a bag of food outside of a Chipotle restaurant in New York on Jan. 12, 2024.Angus Mordant | Bloomberg | Getty ImagesChipotle Mexican Grill on Tuesday reported mixed quarterly results, despite another quarter of higher traffic to its restaurants. Shares of the company fell 7% in extended...
Election Day is just one week away, and the outcome is set to have wide-ranging consequences for markets regardless of who wins the White House or which party controls each chamber of Congress. Stocks are uncharacteristically strong heading into the U.S. presidential election on Nov. 5, with all three...
Stanley Black & Decker reported mixed quarterly results before Tuesday's opening bell, and the stock got whacked. While the numbers were disappointing, the company's turnaround continues to plan. Revenue fell 5% year over year to $3.75 billion in the third quarter, shy of the $3.8 billion expected by analysts,...
Check out the companies making headlines in midday trading: VF Corporation — Shares jumped more than 22%. The North Face and JanSport parent's quarterly results beat Wall Street's expectations for the fiscal second quarter. VF Corporation posted adjusted earnings of 60 cents per share on revenue of $2.76 billion....
Alphabet shares surged during Tuesday's...
Advanced Micro Devices on Tuesday...
Alphabet incoming CFO Anat Ashkenazi,...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
Binance Holdings Ltd. and its Chief Executive Officer Changpeng Zhao pleaded guilty to anti-money laundering and US sanctions violations under a sweeping settlement with the US that allows the cryptocurrency exchange to continue operating. Binance will pay $4.3 billion in one of the largest corporate agreements in US history. Zhao...
Sam Altman will return to lead OpenAI less than five days after he was pushed out of one of the world’s most valuable startups, setting off a shock back-and-forth drama that transfixed Silicon Valley and the global AI industry. Altman is returning as chief executive officer and the initial board...
Stocks were mixed while the dollar rebounded from its weakest level in almost three months as traders awaited a slew of US economic data before markets pause for holidays in America and Japan. Futures on the S&P 500 and Nasdaq 100 were flat after Wall Street’s rally stalled on Tuesday....
UBS Global Wealth Management expects Japan’s cheaply valued stocks to extend their outperformance into 2024 amid a revival in domestic economic growth and gradual monetary policy tightening. Value stocks will rally as the economy may post 3% to 4% nominal growth next year and the Tokyo Stock Exchange pushes for...
By Kate Sands from 6XDMEDIA. Rates of global money transfers, also known as remittances, have grown five-fold over the last two decades and they show no signs of slowing down. Fintech is making it easier than ever before to transfer money internationally, and businesses and individuals alike are making the...
Ariana DeBose stars as Asha in Disney's new animated film "Wish."DisneyDisney is wishing on a shooting star this week, hoping that its celebratory 100th anniversary film "Wish" will mark a turning point for its beleaguered animation division and jumpstart the Thanksgiving box office.The House of Mouse posted its biggest...
Check out the companies making headlines after hours. Nvidia — Nvidia declined about 1% after the chip giant topped fiscal third-quarter expectations and issued strong revenue guidance. Nvidia reported adjusted earnings of $4.02 per share on revenue of $18.12 billion. Analysts polled by LSEG, formerly Refinitiv, had expected per-share...
