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That’s how TeslaTSLA, +6.33%boss Elon Musk described his conversations with fellow tech billionaire Bill Gates after learning the MicrosoftMSFT, +0.85%founder just bought an electric Porsche Taycan. Gates discussed his new ride last week with YouTube influencer Marques Brownlee. At one point, the chat turned to Tesla and combating climate change. “Certainly Tesla, if you had to name one company that’s […]
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There are 73,332 confirmed cases of COVID-19, the new coronavirus that was first identified late last year in Wuhan, China, and at least 1,873 deaths, according to the latest figures from the World Health Organization. This tally takes into account cases in Hubei Province, home to Wuhan, that were diagnosed by both imaging and laboratory tests. Last week the government […]
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DETROIT — Quicken Loans founder and Chairman Dan Gilbert is slowly returning to work eight months after suffering a stroke. Gilbert, 58, returned to his Detroit office early this year. He’s there one or two days a week, using a wheelchair and accompanied by a service dog named Cowboy. He also spends three or four hours a day working with […]
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Roku Inc. is quickly adding new accounts, and that’s helping fuel a sizable rally after the company’s fourth-quarter earnings report. Shares of the streaming-media player are up 3.4% Friday, a gain that, if it holds through the close, would constitute a very mild post-earnings move for Roku ROKU, -6.33%: The stock showed an average one-day swing of 22.3% following Roku’s […]
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Canopy Growth stock roared higher Friday and sparked a broad rally among cannabis stocks, after a better-than-expected earnings report bolstered sentiment on the beaten-down sector. The report is a “beacon of hope” for the sector, said MKM analyst Bill Kirk. Canopy shares CGC, +13.37%WEED, +15.84% rocketed 18% in morning trading, putting them on track for their biggest gain in 18 months, […]
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Shares of Alibaba Group Holding Ltd. fell Thursday, after the company posted better-than-expected results for its fiscal third quarter but discussed how the recent coronavirus outbreak in China was having a “negative impact” on the company’s commerce business in the current period as packages aren’t getting delivered on time. The company posted net income of 52.3 billion Renminbi ($7.5 billion), […]
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Tyson Foods Inc. says it’s just starting to see the benefits of the African swine fever outbreak in China, which includes a 600% year-over-year increase in pork orders to China in the fiscal first quarter. The meat producer says it is moving toward a ractopamine-free hog supply, which should open additional markets for its pork products. Ractopamine is a feed […]
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Bed Bath & Beyond Inc. shares plummeted over 25% in Wednesday trading after the home goods retailer gave preliminary financial results that included same-store sales declines that analysts expected and margin pressure that they did not. For December 2019 and January 2020, Bed Bath & Beyond BBBY, -26.36% said same-store sales fell 5.4% due to traffic declines, inventory management issues […]
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Rovio Entertainment Oyj (ROVIO.HE) on Wednesday swung to an unexpected fourth-quarter net loss as it spent more on trying to attract new players while being hit by costs from its cloud-based game-streaming service. The company behind the Angry Birds mobile-gaming franchise said it swung to a net loss of 0.7 million euros ($0.76 million) in the quarter from a profit […]
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Daimler AG said Tuesday that it swung to a fourth-quarter loss and slashed its dividend as the diesel-emissions issue weighed on its balance sheet. The German car maker DAI, -0.37% posted a net loss of 11.0 million euros ($12.0 million) for the period compared with net profit of EUR1.64 billion a year ago, surprising analysts, who had expected net profit of […]
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