Business News
Snap loses daily users, beats on revenue as Saudi prince takes stake
Snap Inc on Tuesday reported higher-than-expected quarterly revenue but its first-ever drop in daily Snapchat users.
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‘The Bachelorette’ and new fiancé ready to move forward
ABC’s “Bachelorette” Becca Kufrin and her new fiance, Garrett Yrigoyen, hope to move forward after controversy. Shortly after the season premiere, it was discovered that Yrigoyen had liked Instagram posts that mocked transgender people, feminists and Parkland, Florida, shooting survivor David Hogg. Yrigoyen, 29, said the hardest part was criticism that Kufrin received. …read more […]
Business News
Tesla buyout would add to year of pain for short-sellers
It would be the ultimate black eye for short sellers.
Business News
Papa John’s earnings forecast slips on public spat with founder
Papa John’s International Inc on Tuesday posted a second-quarter comparable sales decline of 6.1 percent in North America and estimated a further 7 to 10 percent drop in the current quarter as the pizza chain’s spat with its founder hurts profits.
Business News
Elon Musk considers a private Tesla, shares jump
Chief Executive Elon Musk said on Tuesday he is considering taking Tesla Inc private in what would be the largest deal of its type, moving the electric car maker out of the glare of Wall Street as it goes through a period of rapid growth under tight financial constraints.
Business News
Tesla call options soar on Musk tweet, short-sellers hit
Some nimble traders in Tesla Inc’s options made massive paper profits on Tuesday, while short-sellers were hit with about $1.3 billion in paper losses after Tesla Chief Executive Elon Musk tweeted he was considering taking the company private at $420 a share.
Trading Ideas
Elon Musk considers a private Tesla, shares jump
Chief Executive Elon Musk said on Tuesday he is considering taking Tesla Inc (TSLA.O) private in what would be the largest deal of its type, moving the electric car maker out of the glare of Wall Street as it goes through a period of rapid growth under tight financial constraints. Funding secured,” Musk said on Twitter https://bit.ly/2Om3gn3. At $420 per share, a deal would be worth $72 billion overall. …read more […]
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Disney earnings miss estimates
Disney earnings miss estimates. Yahoo Finance’s Jen Rogers, Seana Smith, Dan Roberts and Jared Blikre discuss. …read more […]
Business News
Amazon and Microsoft nudge S&P 500 closer to record high
The S&P 500 inched nearer to a record high on Tuesday, lifted by Amazon, Alphabet and Microsoft, and by a strong second-quarter earnings season that fueled optimism about the U.S. economy’s strength.
Business News
Papa John’s earnings forecast slips amid public spat with founder
Papa John’s International Inc on Tuesday reported a second-quarter comparable sales decline of 6.1 percent in North America and said it expects the metric to fall between 7 percent and 10 percent in the current quarter, as an increasingly heated spat between the company and its founder is expected to drag on profits.
Business News
Elon Musk considers a private Tesla in tweet, shares jump
Chief Executive Elon Musk said on Tuesday he is considering taking Tesla Inc private in what would be the largest deal of its type, moving the electric car maker out of the glare of Wall Street as it goes through a period of rapid growth under tight financial constraints.
Business News
Global stocks rise on China boost, S&P 500 nears record; oil gains
Equity markets around the world neared a six-month high on Tuesday, buoyed by a rebound in Chinese stocks and an earnings-driven surge on Wall Street, while oil prices rose on concerns U.S. sanctions against Iran could cause supply shortages.
Business News
Disney quarterly profit misses as programming costs surge
Walt Disney Co missed Wall Street estimates for quarterly profit on Tuesday due to higher programming costs and another drop in subscribers at ESPN.
Business News
Snap loses users for the first time, beats on revenue
Snap Inc’s Snapchat app unexpectedly lost users in the second quarter, the company said on Tuesday, likely adding fuel to investor fears about slowing growth in the social media sector.
Business News
S&P 500 moves closer to record high; Amazon, Alphabet help
The S&P 500 inched nearer to a record high on Tuesday, lifted by Amazon, Alphabet and Microsoft, and by a strong second-quarter earnings season that fueled optimism about the strength in the U.S. economy.