Recent IPO Rocket Companies (NYSE: RKT), owner of the popular Rocket Mortgage and Quicken Loans businesses, disappointed investors with its first earnings report as a publicly traded enterprise. For the company's Q2 of fiscal 2020, reported after market close Wednesday, it booke
The U.S. Transportation Department said Thursday it planned to restore the ability of Indian air carriers to conduct ground handling operations at U.S. airports.
Domo, Inc. (DOMO) came out with a quarterly loss of $0.37 per share versus the Zacks Consensus Estimate of a loss of $0.53. This compares to loss of $0.96 per share a year ago. These figures are adjusted for non-recurring items.
Verizon Communications (NYSE: VZ) isn't a Dividend Aristocrat, but it appears to be making a long-term play at eventually becoming one. On Thursday, the telecom giant said it's raising its quarterly payout for the 14th year in a row. S&P 500 index components that accomplish
Spanish lenders Caixabank and confirmed late on Thursday they are in merger talks to create the biggest domestic lender in Spain with total assets of more than 650 billion euros ($770.06 billion).
China's state energy producers outlined initiatives to develop hydrogen and wind power after their earnings slumped along with the oil price in the first half but their renewables projects could take years to materialise.
In the week since the Federal Reserve made a landmark shift in its approach to monetary policy, details are emerging on what it could look like in practice, with two Fed policymakers on Thursday saying they'd be comfortable with leaving interest rates near zero even if inflation rises to levels not seen on a sustained basis in some 30 years.
Smith & Wesson (SWBI) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.
50-year-old Joseph Abel pleaded guilty to two securities and tax-related offenses Thursday due to his involvement in promoting BitClub Network, a fraudulent investment scheme worth $722 million that purported to be a cryptocurrency mining pool.
Abel admitted to selling shares of the BitClub Networkâs purported mining pools without approval from the U.S. Securities and Exchange Commission. He also failed to report roughly $1 million in income that he received in exchange for his promotion of BitClub.
âAbel operated as a large-scale promoter of the BitClub Network,â according to a press release from the District of New Jersey U.S. Attorneyâs Office. The scheme took money from investors in exchange for shares in the scheme and rewarded its investors for recruiting new participants.
BitClub highlights how widespread investor enthusiasm over bitcoin and other cryptocurrencies can be co-opted by fraudulent actors.
In July, the 35-year-old Romanian programmer behind the operation pleaded guilty to his role in defrauding investors of hundreds of millions of dollars in bitcoin, as CoinDesk previously reported.
In the latest trading session, LabCorp (LH) closed at $174.72, marking a -1.24% move from the previous day. This change was narrower than the S&P 500's 3.51% loss on the day. Meanwhile, the Dow lost 2.78%, and the Nasdaq, a tech-heavy index, lost 4.96%.
When you look at the smartphone market, one incredible statistic comes up: the top five companies hold close to 65% of the market share. Here are those companies, and what they're up to:
What happened
Shares of Air Lease (NYSE: AL) gained 18.5% in August, according to data provided by S&P Global Market Intelligence, after the company reported quarterly results that indicated the business is holding up through the COVID-19 pandemic better than investors had f
While temperatures swelled and the coronavirus outbreak continued to ravage the world, Costco Wholesale (NASDAQ: COST) rolled merrily along. After market close on Wednesday, the retailer unveiled its August sales metrics, nearly all of which grew at double-digit rates compared t
AT&T (NYSE: T) is looking to sell off its digital ad business as a way to reduce the company's massive debt, according to a report in The Wall Street Journal earlier this week. The company acquired AppNexus for $1.6 billion in mid-2018, and is now interested in offloading it
Facebook (NASDAQ: FB) CEO Mark Zuckerberg outlined actions the company is taking in response to the upcoming U.S. elections and content related to COVID-19 in a post published Thursday. The social media company has faced calls to ban political ads and implement stricter moderati
Facebook (NASDAQ: FB) announced today that Watch -- its video-streaming platform -- has attracted a host of new viewers, with 1.25 billion users watching content on it each month. To give that number context, it's about 46% of the 2.7 billion users that log into Facebook each mo
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Moderna Inc (Symbol: MRNA), where a total volume of 78,443 contracts has been traded thus far today, a contract volume which is representative of approximately
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Home Depot Inc (Symbol: HD), where a total of 48,119 contracts have traded so far, representing approximately 4.8 million underlying shares. That amounts to about 129.
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