Elon Musk delivers a slap on the face of Tesla short-sellers
You know why Elon Musk has many fans? Because he delivers an iron punch every single time. After drawing the...
Slack rules out IPO this year despite 8 million daily users
Workplace collaboration platform Slack has had a remarkable growth since its launch in 2014. Within a short span of time,...
Market: Stocks to open in green after Trump’s decision
US stocks are set to open higher after ending mixed on Tuesday, as investors have digested President Donald Trump’s decision...
Groupon’s Q1 results top estimates, raises outlook
Groupon (GRPN) shares jumped 11% during pre-market trading after the company reported better-than-expected results in the first quarter. Revenue slid...
Tax benefits lift Mylan’s quarterly profit
Drug maker Mylan (MYL), mainly focused on the production of generic drugs, reported yet another quarter of declining sales, a...
Plug Power revenue surges in first quarter
Plug Power Inc. (PLUG) reported revenues of $27.1 million in the first quarter of 2018, an increase of around 78%...
Walmart shares plunge after announcing mammoth deal with India’s Flipkart
Supermarket veteran Walmart started its full-scale invasion into the cutthroat Indian e-commerce market, as it announced buying a majority stock...
Takeda finally acquires Shire in a $62 billion deal
Perseverance finally paid off. After four snubs, Japan’s pharma company Takeda succeeded in notching the biggest deal ever in the...
Papa John’s report disappointing top and bottom line results for Q1
American restaurant franchise company Papa John’s International (PZZA), whose stock plunged 28% over the course of last one year and...
Twilio’s 1Q revenue tops estimates; raises outlook
Twilio (TWLO) reported its first quarter results after the closing bell. The cloud platform’s revenues beat analyst estimates jumping 48%...
Monster Beverage posts downbeat earnings and revenue in first quarter
Monster Beverage Corporation (MNST) reported a 14.7% increase in net sales to $850.9 million for the first quarter of 2018...
TripAdvisor shares jump on Q1 earnings report
TripAdvisor’s (TRIP) shares took off after the company posted 2% gains in its first-quarter 2018 revenue, despite seeing profits wiped...
Electronic Arts stock up 2.5% on Q4 earnings beat
Earnings of video game maker Electronic Arts (EA) rose sharply in the fourth quarter as broad-based market share expansion lifted...
Disney posts upbeat Q2 results
Entertainment company Walt Disney (DIS) reported a 23% jump in earnings for the second quarter, helped by double-digit revenue growth...
‘Racist’ brands get a market beat-down, among other things
Racial profiling and incidents fueled by hate are back in the news. In the latest of incidents, Nordstrom Rack, owned...
Economy close to full employment as job vacancies hit record high
The economy is passing through a phase that is uniquely favorable for the employment market, with the highlights being record...
Top analyst drops a bombshell, predicts Microsoft will buy Netflix
A media analyst with over four decades of experience just dropped a bombshell today. In an interview with CNBC, Porter...
Alibaba deepens investment in SEA by acquiring Pakistan’s e-commerce firm Daraz
Amazon’s (AMZN) top rival Alibaba (BABA) is aggressively expanding its influence in Southeast Asia. This time, the master of e-commerce...
Comcast gets in the way of Fox and Disney
Here comes a new twist in the whole Comcast-Sky-Fox-Disney tussle. Comcast (CMCSA) is said to be in discussions with investment...
Uber’s flying car one step closer to take-off
Complementing a prediction by its CEO earlier this year, ride-sharing company Uber unveiled the prototype of its flying car Tuesday,...
Intercontinental Exchange may soon have a bitcoin trading platform
Intercontinental Exchange (ICE) is building a platform where one can trade bitcoins, according to multiple media reports. ICE ventured into...