S&P 500 companies engaged in a brisk pace of share buybacks in the second quarter, putting them on track to near or beat the first quarter’s record level, according to a S&P Dow Jones Indices analysis.
Etsy (NASDAQ:ETSY) announce its latest quarterly earnings results late in the day Monday, posting revenue that was better than analysts were calling, sending shares soaring after hours. The e-commerce site for handmade and vintage items said that for its second quarter of fiscal 2018, it brought in net income of $3.4 million, or 3 cents per share. Wall Street said in its consensus estimate that it was calling for the company to amass net income of 4 cents per share. …read more […]
Stock markets lifted on Monday after strong corporate earnings helped Wall Street close higher, but a tariff dispute between the United States and China limited gains in equities while boosting the dollar and helping keep Treasury yields lower.
Find out which of these companies sees trouble ahead. …read more […]
The three major U.S. stock indexes closed higher on Monday as investors applauded a strong U.S. earnings season with results from Berkshire Hathaway impressing and Facebook lifting Nasdaq after a report it was planning new services.
Bad news from its Q2 results continues to plague the struggling biotech. …read more […]
Learn why the Oracle of Omaha had reason to celebrate. …read more […]
CNBC’s Julia Boorstin reports on Twitter’s decision to not suspend Infowars publisher and Alex Jones’ Twitter account after Google, YouTube, and Apple banned accounts. …read more […]
The U.S. government said on Monday the judge in the trial to stop AT&T Inc’s purchase of Time Warner failed to take into account the Justice Department’s arguments about how the deal would decrease competition.
A nasty PR backlash, tougher competition, and high spending requirements could prevent Google from making a comeback in China. …read more […]
A deal with Pfizer has investors smiling, but there’s no way to analyze the value to the company. …read more […]
U.S. stocks closed higher on Monday as investors applauded a strong U.S. earnings season with results from Berkshire Hathaway impressing and Facebook lifting the tech-heavy Nasdaq index after a report it was planning new services.
Tyson Foods Inc beat analysts’ quarterly profit estimates on Monday as the No. 1 U.S. meat processor reported a record operating income for its beef business due to increased exports and cattle supplies.
Wall Street is warming up to this mid-cap drugmaker. …read more […]
Goldman Sachs’ investment strategy group says bitcoin will continue to decline. It also says the virtual currency meets none of the three definitions of usable money and makes up just 0.3% of global GDP. Despite headline-making plans to open a bitcoin trading desk earlier this year, Goldman Sachs still isn’t sold on the virtual currency. …read more […]
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