Amazon.com Inc is pausing the construction of six new office buildings in Bellevue and Nashville to reevaluate the designs to suit hybrid work, the tech giant said on Friday.
What happened
Many large bank stocks rose today after several banks presented strong earnings reports this morning, and as the market got some good news on interest rates.
Once widely hailed and a staple in many portfolios, the tide has shifted significantly for Netflix NFLX throughout 2022. The chart below shows the year-to-date performance of NFLX shares while blending in the S&P 500.
Five-times Olympic gold medallist Elaine Thompson-Herah said on Friday she will not be satisfied until she can add an elusive individual World Championship title to her trophy case.
Ivana Trump, former U.S. President Donald Trump's first wife who passed away on Thursday, died as a result of an accident after suffering blunt force trauma injuries to her torso, the New York City Office of the Chief Medical Examiner (OCME) said Friday.
What happened
Shares of Alibaba (NYSE: BABA) got crushed this week, plunging as much as 18.7%. As of the market close on Friday, the stock was down 15.4%.
Elon Musk filed a motion on Friday opposing Twitter Inc's request to fast-track a trial over his plan to terminate his $44 billion deal for the social media firm.
Engine Gaming and Media, Inc. (GAME) came out with a quarterly loss of $0.37 per share versus the Zacks Consensus Estimate of a loss of $0.26. This compares to loss of $0.25 per share a year ago. These figures are adjusted for non-recurring items.
The U.S. telecoms regulator needs an additional $3 billion dollars to fund the removal from U.S. networks of equipment made by Chinese telecoms giants Huawei and ZTE, bringing the total cost to $4.9 billion, the agency told Congress on Friday.
In the latest trading session, Consolidated Edison (ED) closed at $93.40, marking a +0.6% move from the previous day. The stock lagged the S&P 500's daily gain of 1.92%. Meanwhile, the Dow gained 2.15%, and the Nasdaq, a tech-heavy index, added 0.12%.
What happened
A bad year for investors in Innovative Industrial Properties (NYSE: IIPR) took a turn for the worse on Friday after the marijuana real estate investment trust (REIT) disclosed the default of a major tenant. Shares of Innovative Industrial fell 13.9% in Friday tradin
(RTTNews) - Biotechnology company Tiziana Life Sciences Ltd. (TLSA), Friday announced that the Board of Directors has accepted the voluntary resignation of Dr. Kunwar Shailubhai as Chief Executive Officer, Chief Scientific Officer and Board director, effective as of August 1, 202
As inflation drives prices of everyday goods painfully higher, what can you do to defend your money? One lesser-known type of investment might help safeguard your cash – but before you buy in, make sure you understand its strengths and weaknesses.
Nubank's Brazilian unit Nu Financeira no longer needs to comply with a requirement that it maintain a higher capital adequacy ratio of 14%, the country's central bank said on Friday.
Fears of a potential economic slowdown are clouding the outlook for value stocks, which have outperformed broader indexes this year in the face of surging inflation and rising interest rates.
Wildfire crews on Friday battled an out-of-control blaze near the village of Lytton, British Columbia, which last year burned to the ground during a record-breaking heat wave, as western Canada's wildfire season starts to gather pace.
Mexican authorities captured Rafael Caro Quintero, one of the country's most wanted drug lords accused of orchestrating the 1985 murder of a U.S. Drug Enforcement Administration (DEA) agent, two sources told Reuters on Friday.
Markets remain tremulous, driven incessantly this year by each new economic report. The latest is the release of June’s retail sales, up 1% as consumers continued spending during historic inflationary times. Markets had previously fallen on the release of the 9.1% CPI reading for June, released Wednesday, but now have rallied to end the week [...] Read more at ETFtrends.com.
Investors were quick to begin selling shares in the homebuilding segment once interest rates began rising. Despite these companies' record profits, and strong demand for homes nationwide, investors have sent homebuilders as a group -- as measured by the S&P Homebuilders Selec
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