Why Roku Stock Slipped on Friday

What happened Shares of Roku (NASDAQ:ROKU) traded lower on Friday, with the stock falling as much as 4.9% earlier in the session, and ultimately ended the trading day down 4.7%. The streaming video specialist slumped on reports that Cathie Wood, the founder and CEO of ARK Investment Management has been selling Roku shares from ARK’s exchange-traded funds (ETFs). So what Wood has sold […]

Fed wraps monetary policy meeting, keeping interest rates unchanged amid signs of strengthening economy

The Federal Reserve wrapped up its July monetary policy meeting Wednesday with the announcement that it will keep the federal funds rate at its targeted 0% to 0.25% range. “With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen,” the Federal Open Market Committee (FOMC) said in […]

Amazon posts third $100 billion quarter in a row, but still misses expectations

Amazon shares fell more than 7% in extended trading on Thursday after the company reported its first revenue miss in three years and gave weak third-quarter guidance. Here’s how the company did: Earnings: $15.12 vs $12.30 per share, according to analysts surveyed by Refinitiv Revenue: $113.08 billion vs $115.2 billion, according to analysts surveyed by Refinitiv Amazon’s revenue grew by 27% year […]

Didi denies it considered to go private after earlier report sends the stock soaring

Chinese ride-hailing company Didi denied a Wall Street Journal report that said it could go private to appease Chinese authorities scrutinizing its business. The original Journal report sent Didi’s stock soaring nearly 40% during premarket trading Thursday, though it pared gains after the company’s denial. The stock closed up 11.2%. Didi listed its shares on […]

Facebook beats earnings expectations, but warns of significant growth slowdown

Facebook shares fell as much as 5% in extended trading on Wednesday after the social media company called for revenue growth to slow in the quarters ahead, even as second-quarter results came in ahead of estimates. Here’s how the company did: Earnings: $3.61 per share, adjusted, vs. $3.03 per share as expected by analysts, according to Refinitiv. Revenue: $29.08 […]