Bitcoin’s tumbling price is dragging down MicroStrategy’s stock. Dreamstime Text size MicroStrategy , a software and Bitcoin holding company, was tumbling again as the price of the crypto continued to slide. Shares of MicroStrategy (ticker: MSTR) were down 23% in trading Monday, to around $227 a share. The company held 129,218 Bitcoins on its balance … Read more
Apple Inc. AAPL 4.52% warned on Thursday that the resurgence of Covid-19 in China threatens to hamper sales of up to $8 billion in the current quarter – a setback after seeing supply chain improvements in the first three months of the year. The iPhone maker’s guidance came Thursday shortly after the company posted one … Read more
Meta Platforms Inc. is the latest tech giant to feel an economic pinch, as Facebook’s parent company reported its slowest sales growth in a decade on Wednesday and issued a lukewarm revenue forecast. “Revenue headwinds” will likely lead to a slowdown in investment, Meta chief executive Mark Zuckerberg said in a statement. webcast presentation with … Read more
Meta Platforms Inc. is the latest tech giant to feel an economic pinch, as Facebook’s parent company reported its slowest sales growth in a decade on Wednesday and issued a lukewarm revenue forecast. “Revenue headwinds” will likely lead to a slowdown in investment, Meta chief executive Mark Zuckerberg said in a statement. webcast presentation with … Read more
Text size Ford shares have moved about 7% or 8%, up or down, on average after the last four quarterly reports. Justin Sullivan/Getty Images Ford engine reported first quarter results which slightly exceeded Wall Street estimates. The outperformance was not significant, but the quarter seemed drama-free, and that was enough for investors in a drama-filled … Read more
U.S. stocks fell, extending their April losses, as investors digested earnings reports from major companies and weighed concerns about inflation and the spread of Covid-19 in China. Shares slid for much of Tuesday, falling further later in the session. The S&P 500 closed down 2.8%, or 120.92 points, at 4175.20, a day behind tech stocks … Read more
Microsoft Corp. eclipsed earnings and sales estimates and generated higher-than-expected revenue across all of its business segments in an earnings report on Tuesday, but shares fell further initially after the earnings release. Microsoft MSFT, -3.74% reported third-quarter earnings of $16.73 billion, or $2.22 per share, from $2.03 per share a year ago. Revenue increased to … Read more
U.S. stocks rose on Monday as government bond yields retreated and investors took the opportunity to buy back shares of battered tech and other high-growth companies. The S&P 500 rose 0.1% in a volatile session, reversing an earlier decline of nearly 1.7%. The Dow Jones Industrial Average gained 0.3%, or around 130 points, after suffering … Read more
Text size AT&T shares are up 10% since April 8. Stefani Reynolds/AFP via Getty Images Since AT&T spin-off of its 71% stake in Discovery of Warner Bros. to its shareholders on April 8, many AT&T investors considered selling their Warner Bros. shares. to buy more AT&T for higher revenue. Calculation of AT&T’s cost basis (ticker: … Read more
Text size Newly completed Tesla Model Y electric cars at the new Tesla Gigafactory in Germany. Sean Gallup/Getty Images You’re here beat wall street first quarter financial estimates With a stickand the stock rose as analysts praised the report. Shares of Tesla (ticker: TSLA) were up around 12% at select points on Thursday. Shares closed … Read more