Red Hat stock falls as Q2 revenue disappoints; earnings top estimates
Shares of Red Hat (RHT) fell sharply in the extended trading session Wednesday after the company posted below-consensus revenues for...
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Tilray soars on CEO’s optimistic views on marijuana industry
Shares of marijuana producer Tilray (TLRY) skyrocketed over 50% during today’s morning trading session and the stock hit a fresh...
AutoNation’s rockstar CEO to step down
CEO Mike Jackson, under whose leadership AutoNation (AN) stock grew more than thrice, announced that he plans to step down...
Audi debuts e-tron electric SUV, defying Tesla Model X
Luxury carmaker Audi has finally launched the production version of the most-anticipated all-electric “e-tron quattro SUV”. The company expects the...
General Mills Q1 earnings beat; stock falls on sales miss
Earnings of consumer food company General Mills (GIS) declined in the first quarter, but to a lower extent than predicted...
AutoZone stock dives after sales miss estimates
AutoZone Inc. (AZO) beat analysts’ expectations on earnings for the fourth quarter of 2018 but sales missed market consensus causing...
FedEx misses Q1 profit estimates, stock slides
FedEx (FDX) reported a 40% jump in earnings for the first quarter helped by higher volumes, increased yields and a...
Hurricane Florence might not dent insurance industry as expected
While Hurricane Florence continues to batter the East Coast, latest updates suggest it might not hurt insurance firms as expected....
Oracle stock falls on weak cloud business; earnings top estimates
Oracle’s (ORCL) strong earnings growth in the first quarter failed to amuse investors Monday when the company’s below-consensus cloud revenues...
L Brands to cut down weight to improve profits
L Brands (LB) announced its plans to close all 23 of its Henri Bendel stores, along with the Henri Bendel...
This $469 smartphone is already a better pick than iPhone XR
If you think the Apple event was one-of-a-kind “special”, think again. Except for Watch Series 4, Apple seems to be...
Nio stock turns upward after IPO failure
Tesla’s (TSLA) rival Nio Inc. (NIO) has set its foot in the US and the company’s shares have taken the...
Volkswagen to kill Beetle next year
The American unit of German carmaker Volkswagen has decided to stop the global production of its iconic Beetle in July...
Adobe Systems stock falls despite upbeat Q3 results
Adobe Systems (ADBE) reported a 59% jump in earnings for the third quarter as the fast-paced subscription growth, specifically Digital...
A bumpy ride for GM as steering malfunction triggers more recalls
General Motors (GM) is probably paying the price for not learning from past mistakes; what else could explain the recurring...
Facebook: A look at life after the F8 conference
Back in May, Facebook (FB) announced several plans at its F8 Facebook Developers conference. The company said it would bring...
Fred’s Inc. misses Q2 revenue estimates; delivers net loss
Fred’s Inc. (FRED) missed market expectations on revenues for the second quarter of 2018. Net sales dropped 4.3% to $419.7...
Kroger stock declines 9% on Q2 revenue miss
The Kroger Co. (KR) topped analysts’ expectations for Q2 earnings but slightly missed the mark on revenues. Identical-store sales, excluding...
Facebook will now use artificial intelligence to tackle offensive memes
Facebook (FB) has been investing significantly in artificial intelligence and machine learning capabilities. The company will now use these capabilities...
Tesla’s Chinese rival Nio fails to impress with IPO
Chinese carmaker NIO Inc. went public in New York today under the ticker symbol NIO but its IPO failed to...
Amazon Business: Amazon’s magic beanstalk
Amazon.com (AMZN) has a proverbial magic beanstalk in its business-to-business platform Amazon Business, which has reportedly hit over $10 billion...