Exercise bike maker Peloton Interactive Inc raised its forecast for full-year revenue on Wednesday, as “stay at home” orders due to the COVID-19 pandemic encouraged more people to sign up for its fitness subscriptions.
Square reports a loss on their first quarter earnings with EPS short $0.15 from expectations and an adjusted EBITDA of $9 million, an 85% drop YoY. …read more […]
The S&P 500 and the Dow fell on Wednesday as declines in financials and defensive groups countered gains in tech shares and as data showed U.S. private employers laid off 20 million workers in April, underscoring the economic fallout of the coronavirus outbreak.
Fitness giant Peloton reported third quarter earnings that beat sales and operating profit forecasts. Yahoo Finance’s Jen Rogers, Seana Smith, Rick Newman and Andy Serwer discuss on The Final Round …read more […]
The U.S. Department of Commerce is close to signing off on a new rule that would allow U.S. companies to work with China’s Huawei Technologies on setting standards for next generation 5G networks, people familiar with the matter said.
Lyft Inc on Wednesday surprised investors with higher-than-expected revenue and the ride-hailing company vowed further cost cuts to become profitable as the U.S. coronavirus lockdown batters the economy.
(Bloomberg) — Shopify Inc. surged on Wednesday to become Canada’s most valuable company — but can the e-commerce giant survive being No. 1?Ottawa-based Shopify edged past Royal Bank of Canada to become the largest publicly listed company in Canada. The achievement comes with a dubious distinction, however: those that leapfrogged the value of Canada’s largest bank in the past have faltered.Royal Bank, incorporated in 1869, has been Canada’s most valuable company for years, but has been been eclipsed on a few occasions. Shopify closed with a market value of C$121.3 billion ($85.6 billion), surpassing Royal Bank’s C$120.5 billion.The last company …read more […]
Payment processor Paypal Holdings Inc reported an 87.4% slump in first-quarter profit on Wednesday, as consumers spent less due to the COVID-19 lockdowns and unemployment numbers surged.
The coronavirus has quickly spread around the globe. Only Antarctica has been spared.
But a massive, global infrastructure buildout is still going on: the 5G mobile communications platform.
I’m not going to sit here and tell you that every 5G-related company is going great guns. Some aren’t.
But in the long term, the 5G story is still intact. And this network is becoming more important than ever.
Hundreds of millions of people in the U.S. and Europe are still stuck at home due to COVID-19. So we’re relying more on our digital devices these days than ever before.
But all of this additional data traffic …read more […]
The S&P 500 and the Dow fell on Wednesday after U.S. President Donald Trump cast doubt on a trade deal with China and data showed U.S. private employers laid off 20 million workers in April, underscoring the economic fallout of the coronavirus outbreak.
Lyft announced its first-quarter results after-hours on Wednesday. The ride-share company saw significantly better-than-expected numbers on its top line, although the number of its active riders was less than investors’ expectations. Yahoo Finance’s Myles Udland breaks down Lyft’s earnings report. …read more […]
Fox Corp beat Wall Street estimates for third-quarter revenue on Wednesday, as the media company benefited from a rise in television viewership with people staying at home due to the coronavirus pandemic.
Shares in Lyft rose over 16% in after-hours trading. Shares of larger rival Uber Technologies Inc were up 8%. Lyft’s earnings also serve as an indicator for the performance of Uber, which will report results on Thursday. …read more […]
Peloton’s latest quarter went a long way in supporting the bull case for its stock. …read more […]
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