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PayPal is shelling out $400 million in cash for this 18-year-old company that helps gig workers get paid
PayPal announced today that it’s paying $400 million in cash for Hyperwallet, …read more […]
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Business News
Oracle’s forecast miss overshadows cloud growth, shares fall
(Reuters) – Oracle Corp’s forecast for current-quarter profit missed analysts’ expectations on Tuesday, hurt by a strengthening U.S. dollar, dampening its fourth-quarter earnings beat that was powered by growth in its cloud business.
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Walgreens in, GE out — What you need to know in markets on Wednesday
A shakeup in the Dow will likely be the top story for investors on Wednesday as the economics and earnings calendar remains somewhat slow. …read more […]
Business News
General Electric to be removed from Dow Jones Industrial Average
(Reuters) – The Dow Jones Industrial Average is losing General Electric Co , the lone original component of the venerable blue-chip index that debuted in 1896.
Business News
Starbucks to close 150 U.S. cafes to combat slowing growth
(Reuters) – Starbucks Corp on Tuesday said it would close 150 cafes in some saturated U.S. markets and warned comparable sales globally this quarter would miss Wall Street expectations, sending shares down 3 percent after hours.
Business News
White House piles pressure on China after Trump tariff threat
WASHINGTON/BEIJING (Reuters) – China has underestimated U.S. President Donald Trump’s resolve to impose more tariffs unless it changes its “predatory” trade practices, a White House trade adviser said on Tuesday, as Trump greatly expanded the amount of Chinese imports possibly facing new duties.
Business News
Walgreens to replace GE in Dow Jones Industrial Average
(Reuters) – Walgreens Boots Alliance Inc will replace General Electric Co in the Dow Jones Industrial Average from June 26, S&P Dow Jones Indices said https://bit.ly/2K4IoSE on Tuesday.
Trading Ideas
Cramer on GE leaving the Dow: It's a national corporate t…
CNBC’s Jim Cramer discusses the rise and fall of General Electric now that it’s been booted from the Dow Jones index. …read more […]
Trading Ideas
Walgreens to replace GE in Dow Jones Industrial Average
Walgreens Boots Alliance Inc will replace General Electric Co in the Dow Jones Industrial Average from June 26, S&P Dow Jones Indices said https://bit.ly/2K4IoSE on Tuesday. Walgreens’ share price is higher … …read more […]
Business News
Walt Disney names creative heads of animation studios
(Reuters) – Walt Disney Co on Tuesday split the role of its outgoing creative head John Lasseter and appointed two Academy award winners to spearhead its two animation studios.
Trading Ideas
Oracle’s quarterly results beat estimates on cloud growth
Oracle, which has cloud deals with AT&T (T.N) and Bank of America (BAC.N), is a late entrant to the cloud business and has been trying to catch up with rivals such as Amazon.com (AMZN.O), Microsoft (MSFT.O) and Salesforce.com (CRM.N). Oracle Chairman Larry Ellison said some of the company’s largest customers have now begun the process of moving their on-premise Oracle databases to the Oracle Cloud. AT&T is moving thousands of databases and tens of thousands of terabytes of data into the Oracle Cloud, Ellison said. …read more […]
Business News
Oracle’s quarterly results beat estimates on cloud growth
(Reuters) – Business software maker Oracle Corp reported a better-than-expected quarterly profit and revenue on Tuesday as more customers move toward its high-margin cloud business.
Business News
Starbucks forecasts same-store sales below estimates
(Reuters) – Starbucks Corp on Tuesday forecast global comparable store sales for the current quarter below estimates and said it would close more cafes as the coffee chain continues to face increased competition from upscale coffee houses and fast-food chains.
Business News
Trade fears rattle Wall Street, Dow gives up 2018 gains
NEW YORK (Reuters) – U.S. stocks fell on Tuesday as a sharp escalation in the trade dispute between the United States and China rattled markets and put the Dow Jones Industrial Average back in negative territory for the year.
Business News
Oracle’s quarterly results beat estimates
(Reuters) – Business software maker Oracle Corp reported a better-than-expected quarterly profit and revenue on Tuesday as more customers move toward its high-margin cloud business.