Nike Tramples Analyst Expectations With Its Q1 2021 Results
Footwear and apparel titan Nike (NYSE: NKE) announced its fiscal first quarter 2021 results on Sept. 22, sprinting far ahead of analyst consensus expectations …
Microsoft and AT&T Try to Make the Internet of Things Easier
The Internet of Things (IoT), that catch-all phrase describing the tens of billions of new devices that hook up to the internet, is still a work in progress. …
JD.com to Spin Off Healthcare Unit in Hong Kong IPO
Chinese e-commerce giant JD.com (NASDAQ: JD) will spin off its massive JD Health subsidiary in an initial public offering (IPO), the company has revealed in a …
GameStop Rises Sharply on Disclosure of Talks With Activist Investor
Struggling video game retailer GameStop (NYSE: GME) sure wasn’t struggling on the market Tuesday. The company’s shares rose precipitously on news …
Microsoft Guns for Twilio’s Business With Launch of Azure Communication Services
Microsoft (NASDAQ: MSFT) is continuously upping its game in the public cloud arena, and recently announced the availability of Azure Communications Services. …
Snowflake Stock Will Plunge 25% to $175, According to This Analyst
Shares of Snowflake (NYSE: SNOW) have come too far, too fast. So says Summit Insights analyst Srini Nandury. On Monday, Nandury urged investors to sell …
Why Yandex Stock Soared Today
What happened Shares of Yandex (NASDAQ: YNDX) soared 12% today after the search engine specialist confirmed that it is in talks to acquire Tinkoff Bank. The …
Why Amazon Is Jumping Higher Today
What happened Shares of Amazon.com (NASDAQ: AMZN) were rising almost 5% in afternoon trading Tuesday following an analyst upgrade on the stock after its recent …
Apple Stock Will Jump to $125, According to This Analyst
Investors are underestimating the ability of Apple‘s (NASDAQ: AAPL) wearables business to fuel its growth. So says Citi analyst Jim Suva. On Monday, Suva …
Why Party City Stock Had a Party Today
What happened Shares of Party City (NYSE: PRTY) had a party today, up 12% as of 1:45 p.m. EDT, after the company announced that it plans to hire approximately …
Mastercard Declares Third Quarter Dividend
Mastercard (NYSE: MA) declared a cash dividend of $0.40 per share for the third quarter, maintaining the same payout it has had for the previous three …
Why Bloom Energy Shares Plunged 9.6% Today
What happened Shares of fuel cell company Bloom Energy (NYSE: BE) fell as much as 9.6% in trading on Tuesday as investors continued a volatile week for the …
Dow Jones Down Slightly as Microsoft Launches New Cloud Services; Walmart+ Forecast Calls for 10 Million Subscribers
After suffering a steep decline to start the week, the Dow Jones Industrial Average (DJINDICES: ^DJI) continued heading lower on Tuesday. The Dow was down …
Why Aurora Cannabis Stock Is Flying High Today
What happened Shares of Aurora Cannabis (NYSE: ACB) were flying 18.5% higher as of 1:26 p.m. EDT on Tuesday. There were two likely factors behind the big gain. …
Here’s Why Healthcare Stocks Are Falling This Week
The future of Obamacare became murkier this week with the passing of longtime Supreme Court Justice Ruth Bader Ginsburg, who affirmed the constitutionality of …
Why Kingsoft Cloud Stock Plunged Today
What happened Shares of Kingsoft Cloud (NASDAQ: KC) have plunged today, down by 11% as of 12:05 p.m. EDT, after the company announced a secondary offering. …
Activist Hedge Fund Takes a Stake in Comcast
Activist investor Trian Fund Management has taken a $900 million stake in cable TV and entertainment titan Comcast (NASDAQ: CMCSA). The hedge fund is best …
Why CleanSpark Stock Fell on Tuesday
What happened Shares of CleanSpark (NASDAQ: CLSK), a $250 million energy software company, fell on Tuesday. The stock fell as much as 15.1% in morning trading; …
FDA Accepts Application for Bristol-Myers Squibb and bluebird bio’s Multiple Myeloma CAR-T Therapy
A novel approach to multiple myeloma treatment developed by Bristol-Myers Squibb (NYSE: BMY) and bluebird bio (NASDAQ: BLUE) took an important step toward …
Why DiamondPeak Holdings Stock Just Dropped 10%
What happened Shares of DiamondPeak Holdings (NASDAQ: DPHC), the special-purpose acquisition company (SPAC) that intends to take electric-vehicle (EV) maker …