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Chipmaker Intel easily beat Wall Street's earnings target for the second quarter. But data center sales disappointed.
The S&P 500 and Nasdaq indexes hit record highs on Friday and were on track to end the week with gains, helped by megacap growth stocks and strong earnings from social media companies, while a weak forecast from Intel hit chipmakers. Twitter Inc gained 4.2% after it reported quarterly revenue growth, while Snapchat-owner Snap Inc surged 22.5% on beating estimates for user growth and revenue. Strong results from the social media firms set a positive precedent for Facebook Inc, which jumped 6.7%.
The past two weeks have been monumental for Virgin Galactic Holdings (NYSE:SPCE). Company founder Richard Branson made a successful flight to the edge of space, kicking off the era of billionaires in space, and — much more importantly for investors and SPCE stock — the era of space tourism. Source: Tun Pichitanon / Shutterstock.com Branson’s flight helped to propel SPCE stock into orbit. However, since then a combination of a competing flight by Jeff Bezos and a planned Virgin Galactic stock off
Hey, Luke Lango here. Source: Freedom365day / Shutterstock.com I know, I’m a new face and name to some of you folks. So, in order to get to know each other better, I figured a great place to start our journey in MoneyWire is for me to tell you about my investment philosophy and how we will build on what you are accustomed to. Fortunately, it’s very simple — and very profitable. And if you follow just one big secret, I’m positive you’ll be able to score 10X returns in the stock market — not just
There will be no velvet rope at Robinhood Markets’ big debut on Thursday. The company is offering up to a third of its shares in its initial public offering to the Average Joes who use its app, instead of the Wall Street suits who usually get first dibs. The wisdom of those crowds may validate the $35 billion valuation that the company projected in a prospectus.
Founded in 2003, TAL Education is one of the leading K-12 after-school tutoring providers in China. The firm offers tutoring services to students from pre-school to the twelfth grade via small classes, one-on-one personalized premium services, and online courses. In fourth quarter fiscal 2021, TAL's small classes account for 53% of its revenue, one-on-one 6%, and Xueersi.com 32%. Its tutoring services cover the core academic subjects in China’s school curriculum, such as Math (K-12), English (K-12), Chinese (K-12), Physics (Grade 8-12), Chemistry (Grade 9-12), and Biology (Grade 10-12). TAL's learning centers currently cover 101 cities in China and a total of 1,098 learning centers. In fourth-quarter fiscal 2021, current normal priced long-term course student enrolment was 6.7 million.
The chip maker posted strong earnings and an overall bullish outlook, but forecast a lower gross margin for the third-quarter.
US PMI data was weak
Robinhood's unorthodox IPO roadshow: How to watch and what to expect
S&P Dow Jones Indices announces the following changes to the S&P/TSX Composite Index:
Snap, Twitter and Skechers aced early breakouts Friday as the Dow Jones today led the market's attempt to extend its rebound.
Shares of semiconductor giant Intel fell sharply after the company reported earnings, but a better report from American Express and a positive day for most stocks has the index set to close at record levels.
Elliott Management revealed a large stake in Duke Energy two months ago, but the utility hasn’t been receptive to the hedge fund’s proposals. This likely won’t change anytime soon.
On the call with me today are chairman and CEO, Darius Adamczyk; and senior vice president and chief financial officer, Greg Lewis. Segment margin expanded 190 basis points to 20.4%, driven by the impact of higher sales volumes.
Tesla second-quarter earnings will be very complicated. Figuring out if the stock will go up or down, however, shouldn't be.
(Bloomberg) -- Intel Corp. Chief Executive Officer Pat Gelsinger said the worst of a sales slump has passed and struck a bullish tone about the chipmaker’s prospects for the rest of the year and beyond. Investors are waiting to see proof that the company can regain dominance in the semiconductor industry.The key to winning them over will be Gelsinger’s ability to lure back some of the largest companies in technology -- cloud giants like Amazon.com Inc. and Alphabet Inc.’s Google -- whose purchas
To help make your life a little easier, tech experts like Apple and Samsung have the wearables you need to know
Tesla (NASDAQ: TSLA) and the company's investors have high hopes for so-called "robotaxis," self-driving vehicles that are able to turn a depreciating asset into a profit center by sending your vehicle out to ferry passengers around town when not in use. Tesla CEO Elon Musk had hoped to have 1 million robotaxis on the road by the end of 2020, but good luck trying to flag down a driverless Tesla for a lift any time soon.
To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
Aerospace and defense stocks—just like tobacco and oil companies—aren’t usually found in funds that take environmental, social and corporate governance, or ESG, factors into consideration. There is a reason these stocks are typically excluded from ESG funds. Most firms in the aerospace and defense industry have part of their business in the manufacturing of military weapons, which is identified as a negative category in most ESG frameworks.
‘The Encouraging Americans to Save Act’ would give eligible workers a credit to their retirement accounts