Year: 2020

(Bloomberg) — PagerDuty Inc. shares fell sharply after the software maker projected revenue and a loss that disappointed investors, bucking the trend of many other cloud-software companies that have received a boost during the work-from-home period.Sales will be $52 million to $53 million in the quarter that ends in October, the San Francisco-based company said Wednesday in a statement. Analysts, on average, estimated $53.7 million, according to data compiled by Bloomberg. The forecast signals a slower pace of revenue growth than the company has delivered in prior quarters. The stock dropped about 23% in extended trading.Chief Executive Officer Jennifer Tejada …read more […]

Spotify launched Joe Rogan’s popular podcast this week. But the batch of 1,691 episodes of “The Joe Rogan Experience” currently available on the streaming platform is conspicuously missing a several controversial segments. The Rogan episodes on Spotify omit his interviews with conspiracy monger Alex Jones and other far-right figures including Proud Boys founder Gavin McInnes; […] …read more […]

One of the catalysts driving the wild ride for Tesla Inc (NASDAQ: TSLA) in 2020 has been its potential inclusion in the S&P 500 after first becoming eligible following a profitable second quarter. While Tesla’s addition to the S&P 500 could trigger a wave of buying as funds and money managers rebalance their portfolios, adding Tesla to the popular index could also create at least two problems for SPDR S&P 500 ETF Trust (NYSE: SPY) investors.DataTrek Research co-founder Nicholas Colas said both problems would be caused by Tesla’s ballooning market cap, which currently sits at $417 billion.Unwanted Volatility: The first …read more […]

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Triller’s Owner and Executive Chairman Bobby Sarnevesht discusses the company’s $20B bid for TikTok’s U.S. operations. …read more […]

Costco’s net sales for the month of August rose 15% to $13.56 billion. …read more […]

(Bloomberg) — Australia, the most China-reliant economy in the world, is bracing for further disruptions to its commodities sector amid tensions with Beijing that’ve already jolted beef, wine and barley producers.The trading partner is Australia’s key market for goods exports, accounting for about 39% of all shipments in the most recent fiscal year, according to Bloomberg Economics. Its dependence puts products including coal and dairy, where China has domestic supplies or alternative import sources, at risk.“China has got a very clear strategy to retaliate for Australia’s political views,” said Tim Murray, managing partner of China-focused J Capital Research Ltd., who …read more […]

Costco released its August Sales report after hours on Wednesday. The company saw a 15% increase in net sales and a 101.6% increase in e-commerce sales. Yahoo Finance’s Ines Ferre joins The Final Round to discuss the sales report and what it means for the retail company. …read more […]

Tallahassee store that saw the first medical marijuana sale and smokable flower sale serves long-time Truliever with first Edible sale in the stateTALLAHASSEE, FL, Sept. 2, 2020 /CNW/ – Trulieve Cannabis Corp. …read more […]

Today, Investment U’s Income Expert, Marc Lichtenfeld, takes a look at Icahn Enterprises’ dividend safety.
If we were going to create a Mount Rushmore of investors, no doubt Warren Buffett would be on it.
I’d put Jim Simons – the brilliant quant investor who started Renaissance Technologies, one of the most successful hedge funds in history – on it as well.
I’m not sure whether Carl Icahn would be on it or not, but he’d be mentioned in the conversation.
Icahn is the chairman of Icahn Enterprises (Nasdaq: IEP), a master limited partnership (MLP) that invests in the energy, real estate and automotive sectors, …read more […]

The Department of Labor is set to release its weekly jobless claims report at 8:30 a.m. ET on Thursday. …read more […]

(Bloomberg) — Ant Group’s late-summer IPO filing drove home why the business — backed by 711 million active users that spent $17 trillion through its platform — is headed for potentially the world’s largest stock debut. Yet investors may do well to focus on the long-term threat to its core businesses from arch rival Tencent Holdings Ltd.Ant is set to join the top echelon of global finance alongside Bank of America Corp., as it seeks to raise about $30 billion with a valuation of about $225 billion in Hong Kong and Shanghai, people familiar have said. Once the dust settles, …read more […]

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Wednesday Wealth Recap

Investors beat the market by buying stocks that outperform it. But that’s only part of the equation. Alexander Green explains how to sell at the right time too.
A handful of companies are responsible for the world’s stock market gains. Nicholas Vardy shares how to ride the trend higher… while it’s still on your side.
Electric vehicles are getting more popular in the U.S. But can the power grid handle the new load? Energy and Infrastructure Strategist David Fessler has the answer.

I consider myself to be an expert of sorts on retirement. Not because I’ve studied the subject, but because …read more […]

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