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Microsoft is building low-cost, streaming-only Xbox, says report
It was revealed at E3 last month that Microsoft was building a cloud gaming …read more […]
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Business News
Nike to raise wages for thousands of employees
Nike Inc said on Monday it would raise wages for about 7,500 employees following a global pay review, two months after the sportswear maker concluded a probe into workplace behavior that resulted in the departure of a number of top executives.
Business News
Alphabet trounces profit estimates as costs come into check
Alphabet Inc on Monday reported expenses from its Google search business were growing more slowly and that revenue from advertising and cloud computing rose faster than analysts anticipated, boosting its earnings beyond Wall Street targets and pushing shares up 3.6 percent after hours.
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Alphabet trounces profit estimates as costs come into check
Google’s dominance in online advertising has been challenged this year by the antitrust battle over its Android mobile software and other regulatory actions. “There was never a question about Google’s dominance of a buoyant digital ads market,” said analyst Richard Kramer of Arete Research. The company has seen costs rise and profit margins dip as more searches and ads get shown on mobile devices, where Apple Inc (AAPL.O) and other firms charge fees to distribute Google search on their devices and apps. …read more […]
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Is iQiyi Really the Next Netflix?
Chinese streaming video platform iQiyi (NASDAQ:IQ) has had a strong, if bumpy run, since its late-March IPO. All told, IQ still has gained around 80% from its IPO price of $18, and it has more than doubled from its first-day close. One reason for the optimism is that IQ offers an attractive story. …read more […]
Business News
Cost to insure Tesla’s debt rises on growing default fears
The amount investors must pay to insure their debt holdings in Tesla Inc against declining credit quality rose on Monday to its second-highest price ever, implying the company is at a greater risk of default following a report that sparked concern that Tesla may need to raise funds.
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Honeywell eyes supplier shift to avoid tariff hit
Honeywell’s shares rose as much as 4.4 percent to $153.99 after the company also reported a better-than-expected quarterly profit and raised its 2018 profit forecast for the third time as it benefits from increased demand for aircraft parts and services. The conglomerate said it had boosted prices on some of its products and had locked in purchases of some raw materials and components before new tariffs on imports from China came into effect. …read more […]
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Why LifePoint Health, Hi-Crush Partners, and Cleveland-Cliffs Jumped Today
From a go-private merger to multiple analyst upgrades, see why these three stocks jumped today. …read more […]
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Why Cal-Maine Foods, Papa John's International, and Netgear Slumped Today
From earnings news to a poison pill, here’s why these three stocks fell on Monday. …read more […]
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Texas Instruments (TXN) Loses 0.3% Ahead of Earnings: What To Expect
Shares of Texas Instruments (TXN) lost about 0.3% during regular hours Monday, the last day of trading before it releases its latest quarterly earnings report. Here’s what to expect Tuesday afternoon. …read more […]
Business News
Trade tariffs seen hurting Harley-Davidson’s earnings
Harley-Davidson Inc will give investors on Tuesday a fresh look at the impact of trade conflicts and a strong dollar on its profits, and analysts are bracing for bad news and more cost-cutting.
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Google Cloud's partnership network begins paying dividends
When Google Cloud brought Diane Greene on board at the end of 2015, one of …read more […]
Business News
S&P 500 index rises as climbing yields boost financial sector stocks
The benchmark U.S. S&P 500 index and the Nasdaq index rose on Monday as a jump in 10-year bond yields boosted financial sector stocks and investors anticipated continued strength in corporate earnings and U.S. economic growth.
Business News
Alphabet trounces profit estimates, shares rise
Google parent Alphabet Inc on Monday reported that its profit margin rose in the second quarter, delivering investors a long-awaited sign that expenses are coming into check.
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Google joins the race to $1 trillion
Google was already worth more than $800 billion and, while well short of …read more […]