Coinbase Global Inc. profited handsomely from bitcoin’s first-quarter rally, generating more profit and revenue in the first three months of 2021 than in all of 2020. The company, which offers a variety …
Read More »SEC tells BlackBerry to stop using non-GAAP revenue metric that was first highlighted by MarketWatch
BlackBerry Ltd. agreed to stop adjusting its income, an issue highlighted by MarketWatch in the past, after receiving a comment letter from the Securities and Exchange Commission questioning the practice. The cybersecurity …
Read More »US GDP growth in the fourth quarter increased slightly to 4.3%, and all signs point to the economy accelerating
The numbers: The US economy expanded in the fourth quarter at a revised annual rate of 4.3%, a touch higher than previously reported, and even faster growth is expected in the coming …
Read More »Adobe revenue, maximum sales estimates
Shares of Adobe Inc. were flat in extended trading Tuesday after the software company announced higher-than-expected first-quarter fiscal results and strong financial guidance for the year. Adobe ADBE, + 1.72% reported net …
Read More »DocuSign outperforms earnings but stocks fall
DocuSign Inc. beat revenue and earnings expectations for its latest quarter while delivering a better-than-expected outlook on those metrics, but the electronic signature company’s shares fell in trading Thursday night. The company …
Read More »GE Shares Sink After Proposing Reverse Stock Split, Confirming $ 30 Billion AerCap Deal
Shares of General Electric Co. tumbled on Wednesday after the industrial conglomerate confirmed a $ 30 billion deal with AerCap Holdings NV, while surprisingly also proposing a reverse 1-for-8 stock split. GE, …
Read More »Best Buy expects to close more than 20 stores this year and many more in the works as the business evolves online.
Best Buy Co. Inc. ABY, -2.52% is adjusting its business to meet consumers’ new online shopping habits brought on by COVID-19, including a plan to close more than 20 stores this year, …
Read More »Tesla’s bitcoin gambit already made $ 1 billion, more than 2020 earnings from car sales, analyst estimates
Much has been made of the considerable sum that Tesla Inc. has invested in bitcoin, a speculative asset that has only been around since 2009. Read: Why did Tesla buy bitcoins? However, …
Read More »Tilray Marijuana Stocks Rise With Upbeat Fourth Quarter Report And Aphria Deal Outlook
Text size Tilray sees a growing marijuana company after combining with Aphria. Courtesy of Tilray Pot grower Tilray reported a lower net loss than analysts expected. Marijuana stocks appeared in after-hours trading …
Read More »Twitter has bigger problems than Trump
Social media often tries to appear more refined than you really are. Twitter is no exception. From the standpoint of its fourth-quarter report, the company doesn’t look like one that has recently …
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