Berkshire Hathaway shareholder meeting’s pregame is nothing short of an extravaganza. Thousands of Berkshire shareholders flocked to Omaha, Nebraska, this weekend for the annual meeting Saturday. Before hearing from Warren Buffett and Charlie Munger, investors gathered in a sprawling convention center to explore exhibits featuring the conglomerate’s holdings — from toy trains mimicking BNSF Railway rolling stock, […]
Category: Top News
Airbnb embraces home working with location-blind equal pay model
Airbnb staff will be able to work from almost anywhere they want, the company has announced, and they won’t see their pay docked if they move outside metropolitan areas. The new model will apply to staff in the US, but also those in the UK and other countries. To make it work, the company said […]
Twitter employees grill CEO Parag Agrawal over fears of post-Musk exodus
Twitter’s chief executive, Parag Agrawal, sought to quell employee anger on Friday during a company-wide meeting where employees demanded answers to how managers planned to handle an anticipated mass exodus prompted by Elon Musk. The meeting comes after Musk, the Tesla chief executive who sealed a $44bn deal to buy the social media company, repeatedly […]
Amazon stock plunges to two-year low following first-quarter loss
Amazon stock plunged to a two-year low as shares slid as much as 12% on Friday morning after the company reported its first-quarter results yesterday. The company reported a loss of $3.84 billion, or $7.56 a share, for the first quarter. In the first quarter of last year, Amazon reported a profit of $8.1 billion, […]
Amazon shares fall on bleak forecast and slowest growth since dot-com bust
Amazon shares dropped as much as 10% in extended trading on Thursday after the company issued a revenue forecast that trailed analysts’ estimates. Here’s how the company did: Earnings: $7.38 per share, adjusted, vs. $8.36 expected, according to Refinitiv Revenue: $116.44 billion vs. $116.3 billion expected, according to Refinitiv Here’s how other key Amazon segments did during the quarter: Amazon Web […]
Global shares rise as earnings boost, U.S. dollar hits 20-year high
WASHINGTON/LONDON, April 28 (Reuters) – The U.S. dollar touched a two-decade high against rivals on Thursday, as Wall Street rallied and European shares rose from six-week lows with strong earnings reports offseting gloomy U.S. economic data. The yen dropped to a 20-year low after the Bank of Japan vowed to buy unlimited amounts of 10-year […]
Robinhood shares fall as retail brokerage reports shrinking revenue, fewer active users
Retail brokerage firm Robinhood reported a wider-than-expected loss and shrinking revenue for the first quarter, showing signs that the small-dollar trading boom that captivated Wall Street a year ago may have run out of steam. Shares of the company were down more than 11% in after hours trading, hitting all-time lows. Robinhood emerged as one […]
Why Tesla Stock Is Sinking Today
After recent sell-offs, the EV stock is now down roughly 21% year to date. What happened Shares of Tesla (TSLA -0.45%) are losing ground in Thursday’s trading session. The electric vehicle leader’s stock was down roughly 6% at 10:15 a.m. today. Meanwhile, the Nasdaq Composite index was up roughly 0.3%. The sell-offs appear to be connected to CEO Elon Musk’s recently accepted […]
Facebook shares spike on better-than-expected quarterly earnings
Shares of Facebook parent Meta jumped 18% in extended trading on Wednesday after the company reported earnings that topped estimates even as revenue was disappointing. Here are the results. Earnings per share: $2.72 vs $2.56 expected, according to a Refinitiv survey of analysts Revenue: $27.91 billion vs $28.2 billion expected, according to Refinitiv Daily Active Users (DAUs): 1.96 billion vs 1.95 billion […]
Elon Musk wins $13B suit over Solar City deal Tesla shareholders called a ‘bailout’
A Delaware judge has sided with Elon Musk in a hefty lawsuit brought by Tesla shareholders, which accused the executive of coercing the electric vehicle company’s board into buying SolarCity back in 2016. Seeking as much as $13 billion in damages, the shareholders alleged that Tesla’s $2.6 billion, all-stock SolarCity deal amounted to “a rescue […]
Archegos owner Bill Hwang and former CFO Halligan plead not guilty to U.S. fraud charges
Archegos Capital Management’s owner, Bill Hwang, and its former chief financial officer, Patrick Halligan, pleaded not guilty Wednesday to criminal charges filed against them in connection with the implosion of the family office last year. The men were arrested Wednesday morning and appeared in Manhattan federal court that afternoon. They have been charged with racketeering […]
Jim Cramer debuts new stock grading system, evaluates 6 major companies after earnings
CNBC’s Jim Cramer on Wednesday offered his thoughts on whether companies that recently reported their quarterly earnings are investable, leaning on his newly introduced grading system. “The chief reason this market has become so difficult is that we finally have not-so-hot earnings, yet Wall Street’s not adopting its usual posture of buying stocks that issue […]