Month: August 2024
Airbnb shares drop 14% on earnings miss as company warns of slowing U.S. demand
Airbnb CEO and co-founder Brian Chesky speaks at The Fast Company Innovation Festival on September 21, 2022, in New York. Eugene Gologursky | Getty Images Entertainment | Getty Images Airbnb shares dropped 14% in after-hours trading after the company reported second-quarter earnings that missed analyst expectations and warned that it’s seeing signs of slowing demand […]
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Watch Live: Walz and Harris hold first rally as running mates
This stream is set to begin at 5:30 p.m. ET. Please refresh if video hasn’t started. Minnesota Gov. Tim Walz is set to deliver his first speech as the newly minted running mate of Vice President Kamala Harris at a rally in Philadelphia on Tuesday evening. “I couldn’t be prouder to be on this ticket, and […]
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Federal safety hearing over 737 Max blowout puts Boeing, Spirit AeroSystems factories in spotlight
Jennifer Homendy, Chair of the National Transportation Safety Board, speaks during investigative hearing, into the blowout of a left mid exit door plug on a Boeing 737-9 MAX during Alaska Airlines Flight 1282 flight on January 5, 2024, at the National Transportation Safety Board headquarters in Washington D.C. United States on August 6, 2024. (Photo […]
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Airbnb supply is outstripping demand, says Needham’s Bernie McTernan
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Closing Bell: Overtime Bernie McTernan, Needham Senior Analyst, joins ‘Closing Bell Overtime’ to talk Airbnb’s quarterly results and stock reaction. 03:18 4 minutes ago Source
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Stocks making the biggest moves after hours: Airbnb, Super Micro Computer, Tripadvisor, Wynn Resorts and more
Check out the companies making headlines in midday trading. Airbnb — The online booking company plunged 13% after second-quarter earnings missed Wall Street estimates. Airbnb reported earnings of 86 cents per share, while analysts polled by LSEG were looking for 92 cents. The company also said it’s seeing signs of slowing demand from its U.S. […]
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Elon Musk’s support for Trump pushes a corporate customer away from Tesla
Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul | Pool | Via Reuters European drugstore giant Rossmann announced Tuesday it will no longer buy Tesla‘s electric vehicles for its fleet, effective immediately, citing CEO Elon Musk’s pro-Trump political […]
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Super Micro announces 10 for 1 stock split
Sopa Images | Lightrocket | Getty Images Server company Super Micro Computer on Tuesday announced a 10-for-1 stock split and issued upbeat guidance for the first quarter. Here’s how the company did vs. LSEG estimates for the quarter that ended in June: Earnings: $6.25 adjusted vs. $8.07 expected Revenue: $5.31 billion vs. $5.30 billion expected […]
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Rivian tops Wall Street’s second-quarter expectations amid cost cuts
Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | Reuters Rivian Automotive beat Wall Street’s top- and bottom-line expectations for the second quarter as the electric vehicle maker continues to take costs out of its business. Here is how the company […]
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Trump possible target of Pakistani national charged in murder-for-hire plot
Zoom In IconArrows pointing outwards Federal prosecutors have charged Asif Merchant, a Pakistani national with alleged ties to Iran, in a murder for hire plot of a U.S. politician or government officials. Courtesy: Department of Justice A Pakistani national with ties to Iran was charged in a foiled plot to assassinate U.S. government officials on […]
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Reddit reports better-than-expected results for second quarter as digital ad market improves
Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange on March 21, 2024. Timothy A. Clary | AFP | Getty Images Reddit reported second-quarter results on Tuesday that topped analysts’ estimates. Here are the key numbers: Loss per share: 6 cents vs. the loss of 33 cents […]
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