Elon Musk uses one unflattering word to describe Porsche-driver Bill Gates

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 […]

Read more

Roku stock surges but earnings forecast raises eyebrows

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 […]

Read more

Canopy’s stock roars higher after better-than-expected earnings, sparks broad rally in cannabis sector

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, […]

Read more

Alibaba earnings top expectations but coronavirus is having a ‘negative impact’ on the business

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), […]

Read more

Bed Bath & Beyond shares plummet 25% after sales warning includes surprise margin decline

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 […]

Read more

Angry Birds maker Rovio swings to surprise loss

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 […]

Read more
1 2 3 165