Trading Ideas
Facebook officially loses $123 billion in value
In what could be the biggest one-day drop of all time, Facebook shares opened …read more […]
Year: 2018
Trading Ideas
Facebook user numbers and revenue guidance disappoint, stock collapses
Facebook reported disappointing second-quarter earnings — the first full quarter since the Cambridge Analytica scandal. …read more […]
Business News
U.S. business spending on equipment strong; trade deficit widens
New orders for key U.S.-made capital goods increased more than expected in June and shipments surged, pointing to solid growth in business spending on equipment in the second quarter.
Business News
Stock market newbie Spotify hits targets in race with Apple Music
Music streaming leader Spotify’s paid subscriptions rose 10 percent in the second quarter, thanks to family plans that attracted new users and kept them loyal as the Swedish company races to stay ahead of Apple Music .
Business News
Facebook plunge to hit Nasdaq, offset U.S.-EU trade deal
A massive selloff in shares of Facebook set the tech-heavy Nasdaq on track to shed about 100 points at the open on Thursday, while S&P and Dow futures got a boost from signs the United States and the European Union will negotiate on trade.
Business News
Facebook braces for stock wipeout as lower margins loom
Facebook Inc Chief Executive Officer Mark Zuckerberg’s fortune is set to take a $16 billion hit on Thursday, as the social media giant braces for the biggest one-day wipeout in U.S. stock market history, a day after its executives forecast years of lower profit margins.
Business News
Nokia’s IP routing business hit by component shortage: CEO
Nokia’s second-quarter sales of IP routers were held back by component supply shortages, the network equipment maker’s chief executive said on Thursday.
Business News
Mastercard raises FY expenses outlook, shares fall
Mastercard Inc beat second-quarter profit estimates on Thursday but the world’s second-largest payments processor raised its full-year guidance for expenses, sending its shares 3 percent lower before the opening bell.
Business News
NXP launches $5 billion buyback after Qualcomm deal fails
NXP Semiconductors followed Qualcomm Inc in announcing share buybacks worth billions of dollars on Thursday as the companies sought to compensate investors for the collapse of their $44 billon merger due to Chinese opposition.
Business News
McDonald’s global strength helps offset U.S. same-store sales miss
McDonald’s Corp topped global same-restaurant sales estimates for the second quarter on Thursday, with strength in international markets helping offset weakness in the United States.
Trading Ideas
Here's what every major Wall Street analyst had to say about Facebook's plummeting stock
Here’s a wrap of the top analyst opinions on Facebook’s earnings results. …read more […]
Trading Ideas
Facebook's active user growth went into reverse for the first time, and the worst is yet to come (FB)
Facebook saw a decline in monthly active users for the first time in its history. It’s a big deal because the decline was in Europe, which has just introduced the strict new GDPR privacy regulation. It shows that regulation is capable of curtailing Facebook’s massive growth and capping its revenue. …read more […]
Business News
MasterCard’s quarterly profit rises 33 percent
MasterCard Inc , the world’s second-largest payments processor, reported a 33 percent rise in quarterly profit as customers spent more using its network on the back of a strengthening U.S. economy.
Business News
McDonald’s global same-restaurant sales beat estimates
McDonald’s Corp topped Wall Street estimates with a 4 percent growth in quarterly sales at its established restaurants globally on Thursday, as customers flocked at its outlets for value menu offerings.
Business News
Spotify hits subscriber targets in race with Apple Music
Music streaming leader Spotify’s paid subscribers rose 10 percent in the second quarter, it said on Thursday, as it races to stay ahead of mounting competition from Apple Music , especially in the U.S. market.