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Switch stock jumps on possible reorganization as a REIT
Today 18:15 EDT
Levi Strauss & Co. is venturing into activewear by buying Beyond Yoga for an undisclosed amount, both companies said Thursday.
Groupon stock rockets after upbeat earnings
Today 17:15 EDT
Shares of Groupon Inc. were up more than 16% in after-hours trading Thursday after the company easily exceeded earnings expectations.
Expedia Group Inc.'s second-quarter gross bookings rose nearly eight-fold year over year and revenue more than tripled as travel rebounded, but its loss was more than expected and the company on...
Virgin Galactic Holdings Inc. said Thursday it is selling seats on its space-tourism flights, with each spot starting at $450,000, thanks to a "surge in consumer interest" following its July suborbital...
Shares of GoPro Inc. were up more than 7% in after-hours trading Thursday after the maker of action cameras delivered upbeat profits and revenue.
Auto industry’s future ‘is electric, and there’s no turning back,’ Biden says, as he touts EV goal
Today 16:25 EDT
President Joe Biden's remarks come Thursday as his administration touts a voluntary industry commitment that electric vehicles will make up half of U.S. sales by 2030, along with new gas mileage and...
Why investors should care about falling global bond yields and a flattening Treasurys curve
Today 16:24 EDT
Delta variant is spurring expectations of a deceleration in growth, while bond buying by global central banks is compressing rates -- both of which could persist for months, says Ben Emons of Medley...
Beyond warned of "near-term uncertainty related to COVID-19 and its potential impact on retail and foodservice demand levels" that could result in $120 million to $140 million in third-quarter revenue...
Vimeo met revenue expectations but posted a wider loss than expected in its first earnings report since the company was spun out of IAC/InterActiveCorp. in May.
Yelp earnings show surprise profit, stock jumps 8%
Today 16:16 EDT
Yelp Inc. turned a surprising profit in the second quarter, and boosted its expectations for the year in response.
Zillow predicts its first $2 billion quarter and blows away earnings expectations, but stock sinks
Today 16:11 EDT
Zillow Group Inc. blew away Wall Street expectations Thursday with strong second-quarter results and a stunning forecast that calls for large growth in its newer home-flipping business and its first $2...
FireEye Inc. is looking at a turbulent quarter as it spins off its legacy products business to focus on cloud-based services, which will result in higher costs.
Zynga Inc. results topped Wall Street estimates Thursday as the videogame publisher keeps its M&A momentum going while reducing its physical presence in San Francisco.
PG&E’s corporate bonds take a lashing as Dixie fire rages
Today 15:50 EDT
The Dixie Fire in Northern California, already the state's eight largest ever, burns a small Gold Rush-era town overnight and prompts area evacuations, weeks after Pacific Gas and Electric said its...
Red carpet revival: Analysts grow bullish on luxury apparel after Ralph Lauren and Capri blow past expectations
Today 15:37 EDT
The 'striking' decline in the 10-year Treasury yield since May is a bit “confusing,” said Sara Naison-Tarajano, the global head of capital markets for Goldman Sachs Group’s private wealth management...
A global flattening of the yield curve is growing the pile of debt around the world that offers negative rates.
Federal Reserve Board Governor Christopher Waller came out against the development of a Fed-backed digital currency in a speech Thursday, arguing that a digital dollar would not solve any problem...
From gas savings to tax credits: 7 things to know about Biden’s new electric vehicle and mileage rules
Today 14:20 EDT
Here's a brief look at the figures, costs and savings consumers can expect with the Biden mileage efficiency and electric-vehicle expansion plan.
As Washington deals with lifting the federal borrowing limit again, Senate Minority Leader Mitch McConnell on Thursday vows not to help with the maneuver if Democrats stick with their plan to pass a...
‘We will see a war over the next couple months between Robinhood enthusiasts and Robinhood skeptics’
Today 13:09 EDT
The fee-free trading app, which went public last week, filed to sell up to 97.9 million more Class A shares over time.
SEC’s Gary Gensler may have just laid out the clearest road map to the first U.S. bitcoin ETF
Today 12:58 EDT
Every week we highlight the most timely exchange-traded fund news, from new launches to inflows and performance.
Amazon delays return to office until 2022
Today 12:56 EDT
Amazon.com Inc. is delaying a return to the office until early January, four months later than originally planned.
Inogen stock heads for record plunge as chip shortage to hurt sales, margins for another year
Today 12:29 EDT
Shares of Inogen Inc. plunged to pace all decliners Thursday, after the portable oxygen container (POC) company reported a surprise second-quarter profit and a big revenue beat, but warned that the...
Revolve stock plunges more than 19% as delta variant, Apple iOS privacy rules pose a risk
Today 12:11 EDT