In this article TWTR Tesla CEO Elon Musk. Patrick Pleul | AFP | Getty Images Elon Musk countersued Twitter on Friday, intensifying the conflict between the Tesla CEO and the social networking company he agreed to buy, but the lawsuit is not yet available to the public. It wasn’t clear why Musk asked the court
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In this article INTC AMD Lisa Su, CEO, AMD Scott Mlyn | CNBC AMD surpassed Intel‘s market cap on Friday. AMD stock rose over 3% for the day, giving the chipmaker a market capitalization of $153 billion. Intel fell nearly 9%, a day after disastrous earnings that missed expectations for profit and showed declining revenue.
In this article INTC Intel stock closed down 8% on Friday, a day after the company reported disappointing second-quarter earnings that missed on the top and bottom lines. Intel’s revenue declined 22% year over year and missed consensus by 14%, the company’s largest top-line disappointment since 1999, according to Refinitiv data. It ended the quarter
In this article AMZN An Amazon delivery worker pulls a delivery cart full of packages during its annual Prime Day promotion in New York City, June 21, 2021. Brendan McDermid | Reuters Earlier this week, Walmart and Best Buy both lowered their profit outlook for the second quarter and full year, setting off alarm bells
In this article AAPL Apple reported fiscal third-quarter earnings on Thursday that beat Wall Street expectations for sales and profit but showed slowing growth for the iPhone maker. Apple stock rose over 3% in extended trading. Here are the key numbers compared to what Wall Street was expecting, per Refinitiv estimates: EPS: $1.20
Meta Platforms CEO Mark Zuckerberg speaks at Georgetown University in Washington on Oct. 17, 2019. Andrew Caballero-Reynolds | AFP | Getty Images Meta Platforms CEO Mark Zuckerberg said on the company’s second-quarter earnings call Wednesday that the economy seems to be in a downturn that will hurt digital advertising, so the Facebook parent company must
In this article META Facebook parent Meta reported a steeper-than-expected drop in revenue, missed on earnings and issued a surprisingly weak forecast pointing to a second consecutive decline in year-over-year sales. The shares dropped 3.8% in extended trading. Here’s how the company did: Earnings: $2.46 per share vs. $2.59 per share expected, according to Refinitiv
In this article MSFT Microsoft shares rose 5% in extended trading on Tuesday after the software maker issued a rosy income forecast for the year ahead, despite issuing quarterly results that failed to reach Wall Street consensus. Here’s how the company did: Earnings: $2.23 per share, adjusted, vs. $2.29 per share as expected by analysts,
In this article GOOGL Google CEO Sundar Pichai speaks during the Google I/O keynote session at Shoreline Amphitheatre in Mountain View, California on May 7, 2019. Josh Edelson | AFP | Getty Images Alphabet reported weaker-than-expected earnings and revenue for the second quarter. The stock rose about 2% in extended trading. Here’s how the company
In this article 2454-TW INTC Intel Foundry Services will manufacture multiple chips for MediaTek for a range of smart edge devices, the two companies said on Monday. Fabian Bimmer | Reuters Intel will manufacture semiconductors for Taiwan’s MediaTek, giving the U.S. company a big boost for its contract chipmaking business. MediaTek is one of the
In this article META The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. Arnd Wiegmann | Reuters It’s earnings palooza week for Big Tech, with the four most valuable U.S. companies plus Meta all reporting quarterly results. Alphabet and Microsoft kick off the action on Tuesday, with Apple and Amazon wrapping
In this article GM GM Chair and CEO Mary Barra addresses investors Oct. 6, 2021 at the GM Tech Center in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — In September 2017, General Motors CEO Mary Barra and her top executives visited the automaker’s design dome, considered hallowed ground within the company
In this article ONEM AMZN One Medical clinic One Medical For the better part of a decade, One Medical has been my primary care provider. It’s convenient, with locations around the Bay Area, and I like being able to schedule a same-day physical or get a quick referral to a specialist. One Medical knows a
In this article AAPL Apple Apple is using the iPhone’s popularity to push itself into the auto industry. Automakers are a little unsure how they feel about this. Apple announced the next generation of its car software CarPlay in June. It takes over the user interface on all interior screens, replacing gas gauges and speed
Vince McMahon attends a press conference at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey. Michael N. Todaro | Getty Images World Wrestling Entertainment CEO Vince McMahon announced Friday that he was fully retiring after decades of leading the company founded by his father, a move that comes after it was revealed
In this article SNAP Shares of Snap fell 38% Friday, a day after the company reported disappointing second-quarter results. Snap missed Wall Street expectations on the top and bottom lines and said it plans to slow hiring. The social media company attributed its results to a challenging economy, slowing demand for its online ad platform,
In this article COIN Coinbase signage in New York’s Times Square during the company’s initial public offering on the Nasdaq on April 14, 2021. Robert Nickelsberg | Getty Images Coinbase pushed back on claims from the Securities and Exchange Commission that it offers unregistered securities, following fraud charges against a former employee of the company.
A billboard funded by Airbnb shows opposition to Proposition F in downtown San Francisco, California. Josh Edelson | AFP | Getty Images Marshall Luck’s chiropractic and massage practice in downtown San Francisco survived the Covid-19 pandemic thanks to government stimulus money and a hefty amount of debt. But well over two years since lockdowns swept
In this article ONEM AMZN Dr. Stephanie Long (right), MD, of One Medical Group takes the blood pressure of Danielle Greene (left), who is 20 weeks pregnant, during a prenatal appointment on Thursday, February 4, 2016 in San Francisco, Calif. Lea Suzuki | San Francisco Chronicle | Getty Images Amazon is acquiring One Medical for
In this article TSLA Tesla reported earnings after the bell, and the results sent the stock up slightly after hours. Earnings per share (EPS): $2.27 (adjusted) vs $1.81 expected, according to Refinitiv Revenue: $16.93 billion, vs. $17.1 billion expected, according to Refinitiv Automotive gross margin came in at 27.9%, down from 32.9% last quarter and
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