With its highly anticipated introduction in 2007, the iPhone was the revolutionary hardware device that catapulted Apple (NASDAQ: AAPL) to global fame. This smartphone, which is arguably one of the most successful products in history for any business, made the tech giant a global cultural icon. Even today, the iPhone is Apple’s biggest moneymaker, generating […]
(Bloomberg) — Lyft Inc. Chief Executive Officer David Risher’s response to a clerical error that unintentionally inflated the company’s earnings outlook on Tuesday and sent shares soaring: “My bad.” Most Read from Bloomberg “First of all, it’s on me,” Risher said in an interview with Bloomberg Television on Wednesday, taking the blame for a typo […]
Spotify Technology (SPOT) reported fiscal fourth quarter earnings on Tuesday that missed expectations. But strong guidance helped boost shares in early trading as the music-streaming platform continues to focus on profitability amid recent price hikes and changes to its podcasting strategy. The company reported an operating loss of 75 million euros ($80.6 million) in the […]
Spotify Technology (SPOT) reported fiscal fourth quarter earnings on Tuesday that missed expectations. But strong guidance helped boost shares in early trading as the music-streaming platform continues to focus on profitability amid recent price hikes and changes to its podcasting strategy. The company reported an operating loss of 75 million euros ($80.6 milliom) in the […]
Spotify (SPOT) is set to report its fiscal fourth quarter earnings on Tuesday before the bell as the music streaming platform continues to focus on profitability amid changes to its podcasting strategy. In the third quarter, Spotify turned a profit for the first time in over a year as its recent price hikes coupled with […]
(Bloomberg) — China stock traders are unwinding their margin debt rapidly, underscoring how a prolonged selloff may be leading to some forced share liquidation. Most Read from Bloomberg The outstanding amount of margin debt balance in mainland bourses fell by 2% on Friday to 1.46 trillion yuan ($203 billion), its biggest decline since June 2018. […]
Former President Donald Trump is crushing Nikki Haley by a more than 2 to 1 margin in new internal poll of the next major Republican primary state of South Carolina. Trump leads his sole remaining primary rival by 66%-31% in her home state, according to the poll that was bankrolled by a pro-Trump political action […]
(Reuters) – Tesla on Wednesday reported a fall in fourth-quarter gross margin from a year earlier as it cut prices and offered incentives to boost demand for its electric vehicles. Shares of the Austin, Texas-based company fell 5% in extended trading. The company reported a gross margin of 17.6% for the three months ended December, […]
Shopify (NYSE:SHOP), a leading global e-commerce solutions provider, has disrupted online shopping over the last decade with its innovative subscription model. However, on the back of a 107% price increase in the last 12 months, Shopify stock lacks a margin of safety today, which calls for investors to be cautious at these prices. Although the […]
Washington — Former President Donald Trump‘s margin of victory in Monday’s Iowa caucuses smashed the previous record for Republican presidential candidates, underscoring the broad support he attracted in the first contest of the 2024 nominating process. Trump won the support of 51% of Iowa caucusgoers, a 30-point victory over Florida Gov. Ron DeSantis, who came in second […]