Chief Executive Officer Hock Tan, however, said the outlook for its chip business reflects a surge in demand from cloud, telecom and enterprise customers. The company reported better-than-expected growth in quarterly revenue, supported by higher demand for chips used in data centers, which are ramping up as more people opt to work from home in the face of the coronavirus crisis. …read more […]
The three major U.S. global airlines usually report similar demand weakness and strengths, but during the Covid-19 pandemic, American Airlines and United Airlines have taken divergent paths. Between May 24 and May 29, American carried an average of 110,330 daily passengers, a number low by historical standards, but robust compared to what some other airlines […] …read more […]
Slack Technologies released its first quarter earnings report after hours on Thursday, beating on its top line. The company saw an added 12,000 net new paid customers and 90,000 net new organizations, but withdrew its guidance for the fiscal year of 2021 for calculated billing. Yahoo Finance’s Myles Udland breaks down the company’s results. …read more […]
They say the best time to get into the stock market is yesterday; today is the second-best time. Many people are interested in investing, but aren’t sure how to get started. They think they need to work with an advisor or give their money to someone else. Thanks to technology, this is no longer the case. Today, there are dozens of investment apps that can help beginners and everyday investors get their toes wet in the stock market.
What are investment apps? They’re brokerages in your pocket. Through an investment app you can set up an investment account, deposit money and …read more […]
Elon Musk has achieved incredible wealth that may seem impossible to average investors.
But, as Nicholas Vardy explains today, there is an investment strategy that’s enjoying excellent returns and poised to take off in the future.
It seems that Elon Musk is always in the news.
Even as the U.S. suffers from the COVID-19 pandemic, race riots and tens of millions unemployed, Musk has just collected Tesla (Nasdaq: TSLA) options worth up to $770 million.
It was Musk’s reward for achieving some of Tesla’s operational goals…
And – most importantly – keeping the market value of Tesla at more than $100 billion over the past …read more […]
Airline stocks climbed on Thursday as American Airlines boosted its domestic flights for the summer. Yahoo Finance’s Kristin Myers and Emily McCormick discuss. …read more […]
A soaring stock market amid economic devastation makes no sense–until you factor in the Federal Reserve. …read more […]
Tesla CEO Elon Musk took to Twitter on Thursday calling for the break up of Amazon. Yahoo Finance’s Kristin Myers and Emily McCormick discuss.
…read more […]
“The biggest risk to Slack in our view is that the good news is ‘already out there’,” warned Canaccord Genuity analyst David Hynes in a recent client note, maintaining his “buy” rating on the stock. In Slack’s report after the bell, analysts on average expect a 39.5% jump in quarterly revenue to $188 million and a non-GAAP loss of 6 cents per share, according to Refinitiv. Slack is trading at the equivalent of 23 times its expected 12-month sales, according to Refinitiv, an unusually high level, even among other fast-growing software companies. …read more […]
(Bloomberg) — Royal Caribbean Cruises Ltd. is seeking an additional $2 billion from investors to boost liquidity as the cruise liner’s ships remain at port to stop the spread of the coronavirus.The company is raising $1 billion in the bond market and another $1 billion through convertible notes, according to a news release. Pricing on the three-year bonds, which may be sold as soon as Thursday, is being discussed in the range of 9.125%, lower than earlier levels of 9.25% to 9.5% and initial talks around high-9% to 10%, according to people familiar with the matter.The unsecured notes are structured …read more […]
ZoomInfo shares soar in its public debut. ZoomInfo CEO Henry Schuck joins Yahoo Finance’s On the Move to weigh in on the company’s future plans. …read more […]
(Bloomberg) — Oil traders and analysts scrutinizing U.S. inventory data for signs of a market recovery are being confronted by an odd situation: the math just doesn’t add up.Various government data sets including stockpiles, production, imports and exports are signaling that current official figures on at least some supplies are excessive. While it’s unclear where exactly the discrepancy lies, the difference could potentially signal a more bullish outlook for crude prices as they claw their way back after diving below zero in April.The excess is showing up in the U.S. Energy Information Administration’s so-called crude supply adjustment factor — the …read more […]
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