Square Enix Drops After ‘Final Fantasy’ and Mobile Setback
source link: https://finance.yahoo.com/news/square-enix-drops-15-final-010525334.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Square Enix Drops After ‘Final Fantasy’ and Mobile Setback
Square Enix Drops After ‘Final Fantasy’ and Mobile Setback
(Bloomberg) -- Square Enix Holdings Co. shares suffered their worst intraday drop in almost three years, erasing a little over a year’s worth of gains, after the company reported a 79% decline in operating profit.
Most Read from Bloomberg
Hopes that Final Fantasy XVI would boost sales were dashed by the company’s downbeat earnings report Friday, driving the stock down as much as 15% in Tokyo on Monday. Shares were trading at around ¥5,620 at midday, their lowest since May of last year. Both the Topix Index and MSCI AC Asia Pacific Index were up around 0.3%.
Sales of the latest installment of the long-running role-playing title did not meet the high end of the company’s expectations, Square Enix President Takashi Kiryu told analysts on a post-earnings call Friday, according to three people who attended.
Slow adoption of Sony Group Corp.’s PlayStation 5 was a limiting factor, Kiryu reportedly said. Now that hardware supply constraints have dissipated, Square Enix plans to take steps to boost sales as more people use the PS5, he said. A Square Enix spokesperson declined to comment.
First released in Japan in 1987, Final Fantasy was a pioneer in the fantasy role-playing genre, with the franchise churning out blockbuster after blockbuster in its early years. But momentum has been falling. The game’s latest iteration, which debuted exclusively on the PS5 in June, sold at a much slower pace than its immediate predecessor.
“The Final Fantasy franchise’s profitability is weakening and improvements will take time,” Citigroup analyst Junko Yamamura said in a note to investors.
Tokyo-based Square Enix maintained its fiscal-year forecasts and increased sales by double digits in the first quarter. It has 10 analysts rating its shares a buy, 10 holds and no sell ratings.
- CoinDesk
Crypto’s Path Forward Could Follow the Financial World's Departure From LIBOR
The world is officially done with the London Interbank Offered Rate (LIBOR), which was a benchmark lending rate that drove the financial industry, and therefore the business world, for more than four decades. Starting this month, the Secured Overnight Financing Rate (SOFR) has replaced LIBOR in the United States, a transition that has taken more than 11 years since a scandal enveloped LIBOR. This switch is significant far beyond lending rates, underlining that real change and innovation are possible in the financial system, even following misdeeds and corruption.
5h ago - Bloomberg
SoftBank May Turn Profit After $48 Billion in Vision Fund Losses
(Bloomberg) -- SoftBank Group Corp.’s Vision Fund is likely to return to profitability after five quarters of losses, thanks to an artificial-intelligence-fueled rebound that’s lifting startup valuations.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushEastern US Prepares for a ‘Potent’ Storm System: Weather WatchUkraine Black Sea Drone Attacks
20h ago - Bloomberg
JIP-Led $15 Billion Tender Offer for Toshiba to Start Aug. 8
(Bloomberg) -- A long-delayed $15 billion buyout offer for Toshiba Corp. will begin Tuesday, as the Japanese industrial electronics firm seeks to close a troubled chapter in its 148-year history.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushEastern US Prepares for a ‘Potent’ Storm System: Weather WatchUkraine Black Sea Drone Attacks Signal R
14h ago - Bloomberg
Drahi Says Altice Execs Under Investigation Deceived Him
(Bloomberg) -- French-Israeli billionaire Patrick Drahi said he felt “betrayed and deceived by a small group of individuals, including one of our oldest colleagues,” being investigated as part of a corruption probe involving his telecommunications empire, Altice.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushEastern US Prepares for a ‘Potent’
10h ago - Reuters
Daimler Truck CFO Jochen Goetz dies in 'tragic accident'
FRANKFURT (Reuters) -Daimler Truck's Chief Financial Officer Jochen Goetz has died in a "tragic accident," the company said on Sunday. Goetz, 52, died on Saturday, a statement said, without giving details of the accident. Goetz spent his entire professional career, spanning more than 36 years, in the Daimler Group, and was largely responsible for the successful spin-off of Daimler Truck Holding from what is now the Mercedes-Benz Group in December 2021.
1d ago - Reuters
US trucking firm Yellow files for bankruptcy, blasts Teamsters
(Reuters) -Some 30,000 workers at Yellow Corp were looking for jobs on Monday after the major trucking company filed for Chapter 11 bankruptcy protection, potentially saddling U.S. taxpayers with losses from a government rescue of the long-troubled carrier. It laid blame for the bankruptcy, likely the largest ever for a U.S. trucking firm, at the feet of the International Brotherhood of Teamsters union that represents about 22,000 of its employees. Teamsters leadership "was able to halt our business plan, literally driving our company out of business," Yellow CEO Darren Hawkins said in a statement late Sunday.
20h ago - Investor's Business Daily
Palantir Outlook Edges By Views Amid $1 Billion Buyback For PLTR Stock
Palantir stock was up Monday as the company's second-quarter results met analyst estimates. The company announced a $1 billion buyback.
2h ago - Zacks
Upstart (UPST) to Report Q2 Earnings: What's in the Cards?
Upstart's (UPST) second-quarter 2023 performance is likely to have benefited from recent additions to its product portfolio amid a challenging macro environment and tightening from funding partners.
9h ago - Yahoo Finance
Apple stock buybacks are still in full swing, and that’s good news for Warren Buffett
Here's why Apple's stock buybacks are good news for Berkshire Hathaway's Warren Buffett.
1h ago - Yahoo Finance
Lucid earnings: EV maker reports Q2 revenue, earnings miss; reiterates Gravity SUV on track
Luxury electric vehicle maker Lucid reported second quarter financials results that the missed the mark, though the automaker reiterated it would hit its annual production target and confirmed the upcoming Gravity SUV would be revealed later this year.
3h ago - Business Insider
A 'Black Swan' investor warns of an epic debt bubble - and says stocks are overvalued and set to plunge
Universa's Mark Spitznagel says stocks are at dangerous highs, blasts the Fed, and advises retail investors to follow Warren Buffett's advice.
4h ago - Zacks
Will Cost Headwinds Mar Plug Power's (PLUG) Q2 Earnings?
While expanding customer base and a rise in the number of sites with fuel contracts are likely to have aided Plug Power's (PLUG) Q2 earnings, high costs and labor shortages might have hurt the same.
6h ago - Bloomberg
Biotech Firm Pops 677% on Social Anxiety Spray Trial Success
(Bloomberg) -- A beaten down micro-cap biotech company, Vistagen Therapeutics Inc., notched its best day ever, surging by as many as four digits after its experimental nasal spray for social anxiety disorder hit targets in a late-stage trial.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushEastern US Prepares for a ‘Potent’ Storm System: Weathe
3h ago - Investor's Business Daily
Dow Jones Jumps As Apple Stock Crumbles; These Warren Buffett Stocks Are Near Buy Points
The Dow Jones gained as Apple stock fell. Tesla stock dipped after a key executive quit. A trio of Warren Buffett stocks are near entries.
3h ago - TipRanks
Insiders Pour Millions Into These 2 Stocks Under $10 — Here’s Why Wall Street Thinks They Could Double (or More)
Investors are constantly looking for different ways to beat the market and there are several routes to follow in that pursuit. One common strategy is to keep track of the insiders’ moves. By insiders, we mean the corporate officers responsible for their own companies’ performance, who also naturally know the inner workings of the firms they work for better than anyone else. When they are seen picking up shares of company stock – by law they are required to make the transactions public – it sends
9h ago - Benzinga
3 REITs With Over 6% Dividend Yields That Smashed Earnings
Nothing warms an investor's heart more than seeing companies in their portfolio with consistently increasing earnings that also beat the analysts' expectations. With dozens of second-quarter real estate investment trust (REIT) earning reports coming out this week, take a look at three REITs with dividend yields above 6% that just beat Wall Street's second-quarter estimates for earnings and revenue. EPR Properties (NYSE:EPR) is a Kansas City, Missouri-based diversified experiential REIT that owns
2h ago - Bloomberg
Electric Vehicle Tech Maker Proterra Files for Bankruptcy
(Bloomberg) -- Proterra Inc., which makes heavy-duty electric vehicle components like chargers and batteries, filed for bankruptcy on Monday. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushEastern US Prepares for a ‘Potent’ Storm System: Weather WatchUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarThe Burlingame, California-based
1h ago - Reuters
Yuan loses core support as firms leave China
SHANGHAI/SYDNEY (Reuters) -Since China opened to foreign investment in 1978 under Deng Xiaoping, global firms have ploughed in hundreds of billions of dollars to buy and build factories for market access and cheap labour, bolstering the Chinese currency. A gentle downtrend in foreign direct investment gave way to a steep drop last quarter and inflows to China slammed to their lowest since records began 25 years ago, raising the prospect that the long-term trend is turning. Corporate leaders and their advisers say a shift is under way and the political concerns behind investment decisions are long term, which leaves the yuan facing pressure from what was long one of its staunchest supports.
14h ago - Barrons.com
Lucid Misses Earnings Estimates. Share Rise Anyway.
Lucid reported a second-quarter per-share loss of 40 cents from sales of about $151 million. Wall Street was looking for a per-share loss of 34 cents from sales of $182 million.
1h ago - TipRanks
Goldman Sachs Says Now Could Be the Best Time to Buy These 2 Stocks — Here’s Why They’re on the Conviction List
This year started with a red-hot stock market, there is no question of that. Since the start of 2023, even accounting for losses last week, the S&P 500 shows a year-to-date gain of 17%, and the NASDAQ is up 33%. Currently, the gains are narrow, mainly relying on a handful of deep-pocketed, big-name tech firms, but there’s a likelihood that investor money will start spreading more widely. If the bull market does widen out, it will raise the question of which stocks to buy. This is where Goldman S
1d ago - Yahoo Finance
Stocks jump, rebounding from rough start to August: Stock market news today
Stocks recovered on Monday as earnings season starts to wind down and investors brace for an inflation reading crucial to the Federal Reserve decision-making.
4h ago - Zacks
Why Earnings Season Could Be Great for Rivian Automotive (RIVN)
Rivian Automotive (RIVN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
11h ago - Yahoo Finance
The AI stock bubble may be popping
After driving a 2023 stock rally, AI isn't moving stocks during second quarter earnings.
5h ago - Zacks
Drug, Biotech Stocks' Q2 Earnings on Aug 8: LLY, LGND & More
Let us look at five drug/biotech companies, LLY, LGND, NVAX, EBS and BLUE, which are gearing up for their earnings release.
8h ago - Zacks
What's in Store for Super Micro Computer's (SMCI) Q4 Earnings?
Super Micro Computer's (SMCI) fiscal fourth-quarter 2023 performance will likely reflect strength in IT solutions, server and storage systems and new edge platforms.
7h ago - The Wall Street Journal
Tesla CFO Zach Kirkhorn Steps Down Ahead of Cybertruck Launch
Kirkhorn had been seen as a possible successor to Elon Musk as CEO. Tesla said Chief Accounting Officer Vaibhav Taneja had been appointed as CFO.
2h ago - TipRanks
JEPI Fans Take Note. There’s a New 10% Dividend Yield Competitor in Town
The JPMorgan Equity Premium Income ETF’s (NYSEARCA:JEPI) combination of high yield and monthly payments has quickly made it one of the market’s most popular ETFs. Investors who like JEPI’s style now have another high-yield competitor to consider — the NEOS S&P 500 High Income ETF (BATS:SPYI), which also pays on a monthly basis and yields 10.7%. Let’s take a closer look at this intriguing new option for high-yield investors. What is SPYI ETF’s Strategy? Launched in August of 2022, SPYI is still a
1d ago - Barrons.com
RingCentral CEO Steps Down. The Stock Is Tumbling.
RingCentral posted solid second-quarter results that edged Wall Street estimates, but the cloud-based telecom provider left its full-year view mostly intact.
2h ago - AP Finance
Tyson Foods closing 4 chicken processing plants in cost-cutting move
Tyson Foods Inc. is closing four chicken processing plants as it looks to lower costs. The company said Monday that the plants being closed are located in North Little Rock, Arkansas; Corydon, Indiana; Dexter, Missouri and Noel, Missouri. Tyson said that it will shift production to other facilities and halt operations at the four plants in the first two quarters of fiscal 2024.
10h ago - Zacks
The Zacks Analyst Blog Highlights BlackRock, Charles Schwab, HIVE, Block and CME Group
BlackRock, Charles Schwab, HIVE, Block and CME Group are included in this Analyst Blog.
15h ago - FreightWaves
1st peek at Pilot’s finances after Berkshire Hathaway ownership grows
The quarterly earnings report from Berkshire Hathaway was the first with a full set of financial numbers from Pilot. The post 1st peek at Pilot’s finances after Berkshire Hathaway ownership grows appeared first on FreightWaves.
4h ago - Zacks
CRISPR Therapeutics AG (CRSP) Reports Q2 Loss, Tops Revenue Estimates
CRISPR Therapeutics AG (CRSP) delivered earnings and revenue surprises of 55.05% and 2,085.45%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?
2h ago - Zacks
Shockwave Medical (SWAV) Misses Q2 Earnings Estimates
Shockwave Medical (SWAV) delivered earnings and revenue surprises of -12.64% and 3.96%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?
2h ago - Zacks
CRISPR (CRSP) to Post Q2 Earnings: What's in the Offing?
CRISPR (CRSP) currently does not have any marketed product in its portfolio. The company is expected to provide regulatory updates on exa-cel applications, along with other pipeline updates.
9h ago - Zacks
AMC Entertainment (AMC) to Post Q2 Earnings: What's in Store?
AMC Entertainment's (AMC) second-quarter 2023 results are likely to gain from robust Admissions, and Food and Beverage revenues.
11h ago - Zacks
MannKind (MNKD) Reports Break-Even Earnings for Q2
MannKind (MNKD) delivered earnings and revenue surprises of 100% and 15.65%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?
2h ago - Barrons.com
Chegg Stock Soars on Strong Earnings. How It Turned AI From Foe to Friend.
Chegg shares soared in late trading Monday after the provider of online learning software posted better-than-expected June quarter financial results, while laying out a new AI-focused strategy. Chegg shares were up 28% higher in the after hours session Monday, to $12.81. It’s a contrast to the reaction to the company’s March quarter results, when Chegg shares fell nearly in half, after the company blamed disappointing performance on new competition from free generative AI chatbots like ChatGPT.
3h ago - Bloomberg
Fed’s Williams Says He Sees Restrictive Rates for Some Time
(Bloomberg) -- Federal Reserve Bank of New York President John Williams sees the need to keep US monetary policy restrictive for some time and said interest-rate cuts may be warranted next year if inflation slows. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Executive Slams ‘W
11h ago - Investopedia
Viatris Shares Gain on Sales, Divestitures, and FDA Review of Its MS Drug
Viatris shares advanced after the drugmaker posted better-than-expected results, said it will announce one or more divestitures this quarter, and indicated the FDA agreed to consider approval of its new multiple sclerosis treatment produced with Israel’s Mapi Pharma.
4h ago - Barrons.com
Tesla CFO Resigns and Stock Falls. Investors Recall Other Management Volatility.
Zachary Kirkhorn, who some watchers of the EV company have said could take on an expanded role if CEO Elon Musk wanted to do less, is stepping down.
2h ago - Bloomberg
Treasury Auction Deluge Set to Test Investors’ Appetite for Debt
(Bloomberg) -- Bulging sales of US Treasuries are about to deliver a major test of investor demand and determine whether a selloff has room to run as the market braces for the biggest round of refunding auctions since last year.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushEastern US Prepares for a ‘Potent’ Storm System: Weather WatchUkraine
4h ago - Fortune
The world’s third-biggest company just saw its profits plummet 38%—but still paid shareholders $19.5 billion in dividends
The company said boosting dividends was part of a “sustainable and progressive” approach to investor payouts.
8h ago - Investor's Business Daily
Dow Jones Chip Giant Intel, 3 Other Top Stocks To Buy And Watch
Dow Jones chip giant Intel, along with MercadoLibre and Lennar, are top stocks to buy and watch in today's stock market action.
4h ago - Barrons.com
Intel CEO Pat Gelsinger Just Bought More Stock
Shares of the chip company Intel have gained about 35% so far this year as they gain ground lost in last year’s rout. The CEO just bought $250,000 of stock.
7h ago - Investor's Business Daily
Warren Buffett's Berkshire Earnings Rise; Cash Swells As Stock Sales Continue
Warren Buffett's Berkshire Hathaway operating profit rose by 10%. BRKB stock is just out of buy range.
4h ago - Investor's Business Daily
Tesla, Nvidia, Meta, Uber And More Rev Up This List Of Leaders
As the market looks to shake off pressure, Tesla stock joins Nvidia, Meta, Celsius and more on this list of top stocks to buy and watch.
3h ago - Zacks
Should You Buy Twilio (TWLO) Ahead of Earnings?
Twilio (TWLO) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
9h ago - Barrons.com
Yellow Files for Bankruptcy. The Stock Is Down After Quadrupling.
The 99-year-old company filed for Chapter 11 bankruptcy protection Sunday and said it will seek court authorization to make payments such as employees wages, salaries and benefits.
13h ago - Zacks
Is a Surprise Coming for Celsius Holdings (CELH) This Earnings Season?
Celsius Holdings (CELH) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
11h ago - Barrons.com
Why Berkshire Hathaway Reports Earnings on Saturdays
Berkshire Hathaway historically reports its quarterly financial results on weekends, and CEO Warren Buffet has a simple reason why. Berkshire (ticker: BRK.A, BRK.B) reported second-quarter earnings Saturday morning. Many other public companies, however, release their earnings results during the trading week, either before the market opens or after the closing bell.
11h ago - Investor's Business Daily
Li Auto Stock On Cusp Of Record High, Tesla Rival Eyes First $3 Billion Quarter
Booming sales should boost Li Auto earnings but delivery outlook will be key. LI stock has more than doubled in 2023 and is on the verge of an all-time high.
3h ago - Zacks
Enbridge (ENB) Q2 Earnings In Line, Revenues Fall Y/Y
Enbridge's (ENB) Q2 earnings benefit from higher contributions from the Liquids Pipelines segment. This is partially offset by lower contributions from the Gas Transmission and Midstream segment.
12h ago - Zacks
Under Armour (UAA) Queued Up for Q1 Earnings: Factors to Note
Under Armour's (UAA) first-quarter fiscal 2024 results are likely to reflect supply-chain impacts and adverse currency fluctuations.
9h ago - The Fly
American Airlines downgraded, United upgraded: Wall Street's top analys
American Airlines downgraded, United upgraded: Wall Street's top analys
10h ago - Reuters
Palantir raises revenue target on AI boost, announces share buyback
(Reuters) -Palantir Technologies slightly raised its annual revenue forecast on Monday and said it would buy back shares worth up to $1 billion, banking on growing demand for its artificial intelligence platform. CEO Alexander Karp said the AI platform, launched in April, has users across over 100 organizations, including in the healthcare and automotive industry, and that Palantir was in talks with more than 300 additional companies. Palantir's share rose 3.5% in trading after the bell on Monday, following a 10% dip after the company said it expects full-year revenue above $2.21 billion, largely in-line with Refinitiv estimates.
3h ago - Reuters
Morgan Stanley warns of hit to equity valuation if US fiscal spending is cut
MS equity strategist Michael J Wilson noted that massive fiscal stimulus, prompted by the COVID-19 pandemic since its outbreak in 2020, allowed the U.S. economy to grow faster than forecast. This resilience in the face of rapid interest rate hike by the U.S. Federal Reserve has seen some Wall Street strategists chalking in a continued rally for some U.S. stocks. While aggressive fiscal spending could continue, given the debt ceiling has been raised, fiscal policy has limits as deficits would widen - one of the reasons for Fitch's downgrade.
8h ago - Zacks
Novo Nordisk (NVO) to Report Q2 Earnings: What's in the Cards?
Novo Nordisk's (NVO) Diabetes and Obesity Care products are expected to have boosted sales in the second quarter of 2023 amid severe competition and pricing pressure in the United States.
8h ago - Zacks
Viatris (VTRS) Q2 Earnings and Revenues Beat Estimates
Viatris (VTRS) delivered earnings and revenue surprises of 5.63% and 0.80%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?
11h ago - Investopedia
PayPal Launches USD-Pegged Stablecoin. Should You Invest?
Digital payments company PayPal (PYPL) just launched a U.S. dollar-pegged stablecoin called PayPal USD, becoming the latest firm to offer customers a stablecoin payment option.
5h ago - Barrons.com
PayPal Launches Dollar-Pegged Stablecoin in Latest Wall Street Threat to Crypto
PayPal would represent a blue-chip alternative to the largest stablecoin issuer, Tether, which could make $6 billion in profit this year.
7h ago - Bloomberg
Buffett’s Berkshire Rallies to Record High on Earnings Beat
(Bloomberg) -- Berkshire Hathaway Inc. jumped to a record high after its Saturday earnings report showed an operating profit for the second quarter that exceeded Wall Street expectations.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushEastern US Prepares for a ‘Potent’ Storm System: Weather WatchUkraine Black Sea Drone Attacks Signal Rapidly E
3h ago - Investor's Business Daily
Tesla Stock Breaks Key Support As CFO Zachary Kirkhorn Steps Down
Tesla stock fell below key support Monday on news Chief Financial Officer Zachary Kirkhorn is stepping down. The EV giant announced in federal filings that Vaibhav Taneja took over from Kirkhorn on Aug. 4. Taneja will now serve as CFO as well as his current role of chief accounting officer.
4h ago - Investor's Business Daily
Lucid Earnings Miss But Luxury EV Startup Affirms Key Goal After Joining Price War
Lucid revenue and earnings missed, but cash balance and liquidity were positives. Lucid maintained its production target.
3h ago - Zacks
Rithm Capital (RITM) Shares Dip 0.5% Despite Q2 Earnings Beat
Rithm Capital's (RITM) Q2 results indicate strong contributions from the Residential Securities, Properties and Loans unit, partly offset by escalating general and administrative costs.
8h ago - Reuters
Tesla names insider Taneja CFO as Kirkhorn steps down
(Reuters) -Tesla finance chief Zachary Kirkhorn has stepped down, surprising analysts who considered the 13-year veteran as a possible successor to CEO Elon Musk. Shares of the world's most valuable car company were down 1% in trading after the bell. Accounting head Vaibhav Taneja, who joined Tesla through the $2.6 billion deal for Solarcity in 2016, will replace Kirkhorn.
10h ago - Zacks
Coinbase (COIN) Q2 Earnings Beat Estimates, Revenues Fall Y/Y
Coinbase (COIN) Q2 results reflect lower trading volumes in both retail and institutional space as a result of both lower crypto asset prices and volatility.
8h ago - The Wall Street Journal
Paramount Stock Jumps After $1.62B Deal to Sell Simon & Schuster
Paramount Global added roughly 4% after the market closed Monday, building on its 2.9% gain during daily trading after the company said it [agreed to sell publisher Simon & Schuster](https://www.wsj.com/articles/paramount-para-q2-earnings-report-2023-b4308cc6) to KKR for $1.
3h ago - Investor's Business Daily
Cybersecurity Stocks To Watch Amid Shift To AI, Cloud
Cybersecurity stocks have underperformed in 2023. But cloud security companies may be better positioned as corporate budgets tighten.
10h ago - Reuters
U.S. consumers saying 'bad time to buy' a house hits 13-year high in July
The share of U.S. consumers who believe it is a bad time to buy a home reached the highest level in at least 13 years in July, according to a survey released on Monday, as the supply of available properties remains scarce and home prices appear to have stopped cooling. The portion of U.S. consumers saying now is a "bad time to buy" a new home increased by 4 percentage points in July to 82%, according to a report released Monday by Fannie Mae, the highest level since the mortgage finance giant began conducting the survey in 2010. Consumers' outlook also appears to have taken a hit, with a net 17% of respondents expecting price increases in the next 12 months, the highest percentage in over a year.
6h ago - Investor's Business Daily
Netflix Stock Today: This Butterfly Setup In Options Trading Could Catch $1,930 In Profits
Netflix has dropped in recent weeks and is holding just above the 50-day moving average. The strategy is called a broken wing butterfly. Netflix stock currently holds a respectable Composite Rating of 94 on a scale of 1 to 99, according to IBD Stock Checkup.
6h ago - Bloomberg
Cathie Wood Says SEC Will Approve Multiple Bitcoin ETFs at Once
(Bloomberg) -- Cathie Wood said that the US Securities and Exchange Commission may approve multiple spot-Bitcoin ETFs at the same time, reversing an earlier view that her firm would be first in line to get potential approval for the long-awaited product.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushEastern US Prepares for a ‘Potent’ Storm Sy
5h ago - Investopedia
Surging U.S. Corporate Bankruptcies Already Surpass Total for All 2022
Surging U.S. corporate bankruptcies surpass the total for all of 2022 as filings reach pace on par with pandemic, global financial crisis years.
13h ago - Zacks
Viatris (VTRS) Q2 Earnings Beat, Generics Business Grows
Viatris (VTRS) second-quarter earnings and sales beat estimates. The company reiterates its annual guidance.
7h ago - Zacks
Chegg (CHGG) Q2 Earnings Meet Estimates
Chegg (CHGG) delivered earnings and revenue surprises of 0% and 3.78%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?
2h ago - Zacks
The Zacks Analyst Blog Highlights Verizon Communications, ICICI Bank, MercadoLibre, O'Reilly Automotive and Chipotle Mexican Grill
Verizon Communications, ICICI Bank, MercadoLibre, O'Reilly Automotive and Chipotle Mexican Grill are included in this Analyst Blog.
15h ago - Reuters
Gold slips as comments from US Fed governor dent sentiment
Gold prices were on the backfoot on Monday after Federal Reserve Governor Michelle Bowman indicated that additional interest rate hikes would likely be needed to rein in inflation. Spot gold was down 0.3% at $1,936.44 per ounce by 03:28 p.m. EDT (1928 GMT). Bowman, in remarks prepared for delivery to a "Fed Listens" event in Atlanta that largely repeated comments she made to a banking group on Saturday, said she backed the latest interest rate increase because inflation remains too elevated.
22h ago - Investor's Business Daily
Is AMC Stock A Buy Or Sell Now? Here's What Fundamentals, Chart Action, Fund Ownership Metrics Say
At one point, its year-to-date gain reached 44%, vs. a 7.7% advance by the S&P 500 since its Jan. 1 start at 3839.50.
8h ago - American City Business Journals
Here's how much the FDIC special assessment will cost PNC
Regulator says 95% of $15.8 billion tab to protect uninsured depositors will be shouldered by 113 large banks.
5h ago - Business Insider
JPMorgan, Bank of America and 4 other Wall Street titans are set to pay $8.9 billion after this spring's banking fiasco
JPMorgan tops the list as the biggest contributor to the FDIC's insurance deposit fund, expected to pay $3 billion, Bloomberg reports.
5h ago - The Wall Street Journal
Pfizer’s Covid Boost Crashes to Earth
With the company’s pandemic lift from the Covid-19 vaccine and drug sales over, Pfizer CEO Albert Bourla is betting on new drug approvals and deals.
2d ago - Investor's Business Daily
Is Snowflake A Buy On Better Amazon Cloud Results?
The valuation of Snowflake stock, the biggest software IPO ever, remains controversial. Here is what technical analysis says about buying SNOW stock.
6h ago - Barrons.com
Bitcoin Prices Will Drop Again, History Says. Brace Yourselves.
U.S. inflation data due this week could provide fresh catalysts to crypto markets that are in a bit of a slump.
11h ago - Observer
Tesla CFO Zach Kirkhorn Steps Down After 13 Years With the Company
He joined the ranks of Tesla executives in 2019 at age 34, surprising analysts at the time.
3h ago - The Wall Street Journal
When Markets Get Scary, Mom and Pop Buy Gold
Joe Susanno lost thousands of dollars from his retirement account betting on biotech shares in early 2021. Now the 44-year-old integration engineer from Gloucester, Mass., is putting his money into an investment whose value has held up over a longer run: gold coins. “Precious metals are kind of what just makes it so I can sleep at night, where I hold it and nobody can hurt me,” Susanno said.
10h ago - Benzinga
PayPal Unveils USD-Backed Stablecoin, Trucking Firm Yellow Corp Files For Bankruptcy, FDA Approves First Oral Treatment For Postpartum Depression: Today's Top Stories
Benzinga PayPal Unveils USD-Backed Stablecoin PYUSD In Digital Payments Revamp In a significant move to bolster the adoption of digital tokens for transactions, PayPal Holdings Inc (NASDAQ: PYPL) announced Monday the launch of a new U.S. dollar-denominated stablecoin. The digital coin, issued by Paxos Trust Co., is underpinned by U.S. dollar deposits, short-term Treasuries, and other cash equivalents. Its value is anchored 1:1 to the dollar, and a phased rollout for U.S.-based PayPal users is on
7h ago - Zacks
Nutrien's (NTR) Q2 Earnings Lag Estimates, Revenues Beat
Nutrien (NTR) earnings are adversely impacted by unprecedented volatility in global crop input markets in Q2.
11h ago - The Wall Street Journal
Rising Oil Prices Are Bad News for Drivers—and the Fed
America faces a familiar foe in its fight against inflation, with crude prices up more than 18% over the past month.
4h ago - Barrons.com
Split FDA Call on Depression Drug Upsets Strategies for Biogen, Sage
Sage Therapeutics says it is 'evaluating resource allocation, including pipeline prioritization and a workforce reorganization with a goal of extending our cash runway.'
10h ago - Barrons.com
Berkshire Hathaway’s Earnings Were Great—Except for This 1 Thing
Fewer buybacks probably reflects the strength in Berkshire Hathaway’s shares. The good news for investors is that Berkshire Hathaway's book value and intrinsic value should head higher over time.
9h ago - Yahoo Finance
Hims & Hers weight loss business to launch by end of 2023
Hims & Hers to enter into lucrative weight loss market.
3h ago - Zacks
Key Factors to Note Ahead of Stratasys' (SSYS) Q2 Earnings
Forex headwinds and the divestment of the previously wholly owned subsidiary, MakerBot, are likely to have hurt Stratasys' (SSYS) Q2 top line.
11h ago - CoinDesk
First Mover Americas: Michael Saylor's Wager on Bitcoin Looking Better
The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
11h ago - The Telegraph
Saudi Arabia falls back on state oil payout as deficit grows
Saudi Arabia’s state oil company will help plug the Gulf nation’s widening budget deficit after massively increasing its dividend payout despite falling revenues.
6h ago - Zacks
Zacks Value Investor Highlights: Builders FirstSource, Energizer, The Gap, KB Home and Manitowoc
Builders FirstSource, Energizer, The Gap, KB Home and Manitowoc have been highlighted in this Value Investor article.
15h ago - Yahoo Finance
Chicken noodle soup king Campbell just spent $2.7 billion to buy Rao's sauces
Campbell Soup stirs up its sauce portfolio with Sovos deal.
12h ago - Business Insider
The Tesla executive who was rumored to be next in line for CEO is leaving the company
Zachary Kirkhorn won Musk's approval by telling him the "bad news" and staying in his shadow, Tesla staff previously told The Wall Street Journal.
2h ago - American City Business Journals
How AMD, Intel and Qualcomm all ended up a tough earnings week
Despite the boom in artificial intelligence investment, the Bay Area's semiconductor industry took a hit last week.
9h ago - American City Business Journals
LyondellBasell anticipates double-digit income drop for third quarter 2023
Despite beating analyst estimates in the second quarter, LyondellBasell expects income to drop by a percentage between the mid-teens and mid-twenties for third quarter.
4h ago - Bloomberg
Dan Loeb Surrendered But Meme Army Still Hits Bears for Millions
(Bloomberg) -- Dan Loeb is hardly the first Wall Street titan to lament how meme stock traders have made short selling a perilous endeavor. But that Loeb, who runs the hedge fund Third Point LLC, did so now is what’s interesting.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatMusk Says He May Need Surgery, Will Get MRI on Back and NeckShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarNet
1d ago - Investor's Business Daily
UPS To Report Q2 Earnings Amid 'Financial Headwinds' From Union Deal
The company and workers reached a tentative collective bargaining agreement in late July. UPS stock advanced Monday. On July 25, UPS announced a deal with the International Brotherhood of Teamsters on a new five-year contract.
4h ago
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK