Shares of Align Technology (NASDAQ: ALGN) jumped 27% on Thursday after the orthodontics leader's profits surpassed investors' expectations in its fourth-quarter earnings announcement Wednesday. After declining for several quarters, Align's revenue inched up 1.3% sequentially to $901.5 million in the fourth quarter. Meanwhile, the medical device company's imaging systems and services sales grew by 7.8%, to $169.9 million.
In an unusual pattern, the 12 major housing markets west of Texas, plus Austin, saw home prices fall in January, while the opposite happened in the rest of the country.
Disney might be the happiest place on earth, but one thing's for sure -- it isn't so happy there today. CEO Bob Iger sent out an email to Disney employees on March 27 informing them that the layoffs previously announced in February have begin.
Viking said Tuesday recipients of its potential obesity treatment lost up to 18 pounds, and VKTX stock launched to a five-year high.
Short sellers are getting bold again. And they've picked their favorite stock market targets to crash.
This futuristic pickup truck developed by Tesla is undoubtedly the most anticipated vehicle of the last decade. No vehicle had generated so much excitement, fueled in part by thundering statements from Elon Musk, CEO of Tesla, and other top executives. Internet searches related to the Cybertruck are considerable.
Investment is down, labor is scarce, budget is squeezed. Oligarch: ‘There will be no money next year’
(Bloomberg) -- On the surface, Charles Schwab Corp. being swept up in the worst US banking crisis since 2008 makes little sense.Most Read from BloombergFBI Releases Files on Ivana TrumpSchwab’s $7 Trillion Empire Built on Low Rates Is Showing CracksBinance and Its CEO Sued by CFTC Over US Regulatory ViolationsSaudi National Bank Chair Resigns After Credit Suisse RemarkThe firm, a half-century mainstay in the brokerage industry, isn’t overexposed to crypto like Silvergate Capital and Signature Ba
Micron is seeing pressure on its business from high customer inventory and weak PC demand. But things improve from here.
Read this before you trade in your gas guzzler.
Aiden Pleterski led a lavish lifestyle and owned McLaren sports cars and a Lamborghini — and even rented a plush waterfront home for $45,000 a month.
This money management maven doesn't mince words when it comes to financial faux-pas.
Morningstar has put together a list of top dividend stocks held by its 'ultimate stock pickers.'
A major real estate investment trust (REIT) has lost more than half its value since its early August 2022 highs. Medical Properties Trust Inc. (NYSE: MPW) this week is making new 52-week lows as the months-long downward slide shows no sign of stopping. The REIT is suffering, along with many others in the sector, from investors dumping shares as the banking crisis remains front-page news and the Federal Reserve keeps raising interest rates. Lower expectations for a pivot – where rates begin to go
Nvidia stock is working on its third straight daily decline on Tuesday, which has it lower for the week. Earlier this month, I called Nvidia "One of the Best Stocks to Own Right Now" in the midst of the stock rallying almost 24% amid a nine-day win streak. Simply an observation, Nvidia's perception of being one of the best stocks of 2023 is backed up by data.
Amazon founder Jeff Bezos has dispatched his investment advisers and top entertainment chiefs to explore acquisition plans for AMC, entertainment industry news website The Intersect reported, citing sources familiar with the discussions. AMC did not immediately respond to a Reuters request for comment, while Amazon declined to comment.
The California-based company, which sells luxury electric sedans priced at $87,000 and above, expects to complete the head count reductions by the end of the second quarter. Chief Executive Peter Rawlinson wrote in an email sent to employees Tuesday that the cuts would occur across the company’s U.S. operations and include executives. Lucid expects to incur a cost of $24 million to $30 million related to the workforce reductions.
Commercial real estate debt and mortgages are a 'serious' threat to the economy, warns the serial entrepreneur and billionaire.
These snowbirds are heading south for the winter. And staying put.
This year started with a strong rally in the markets, but the past month has seen the positive sentiments start to sputter. The failure of Silicon Valley Bank started fears of a contagion and consequent bank runs, which were only partially offset by Federal regulatory actions. But there’s a growing consensus that it was the Federal actions that set the conditions for the bank crisis, when the central bank raised interest rates to fight inflation. Now, investors are trying to cope with the fallou
An Israeli cell therapy company with a U.S. headquarters in Boston is laying off nearly one-fifth of its staff as it puts three drug programs aside.
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