business news
Atlassian says customers unlikely to reduce spending as the software maker surpasses revenue expectations
Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar Atlassian Atlassian shares rose as much as 12% after the collaboration software maker disclosed more quarterly revenue than analysts had expected, while meeting consensus on earnings. Here’s how the company did: Earnings: 27 cents per share, adjusted, vs. 27 cents per share as expected by analysts, according to […]
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Stocks making the biggest moves after hours: DoorDash, Beyond Meat, AMC, Virgin Galactic & more
A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020. Carlo Allegri | Reuters Check out the companies making headlines after the bell: DoorDash — Shares of the food delivery company popped 12% after a revenue beat. DoorDash reported revenue of $1.61 billion in the […]
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CDC estimates 1.7 million gay and bisexual men face highest risk from monkeypox
The Centers for Disease Control and Prevention estimates about 1.7 million men who have sex with men face the biggest threat from monkeypox right now. CDC Director Rochelle Walensky told reporters on a call Thursday that gay and bisexual men who are HIV positive or who are taking medicines, called PREP, to reduce their chance […]
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Beyond Meat cuts revenue outlook, says it’s trimming workforce
Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, June 5, 2019. Mike Blake | Reuters Beyond Meat on Thursday lowered its revenue forecast for 2022 and announced it will trim its workforce by 4%, citing broader economic uncertainty. The El Segundo, California-based company […]
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Lyft has been a little brother to Uber, says Wedbush’s Dan Ives
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Closing Bell: Overtime Dan Ives, Wedbush Securities managing director, joins ‘Closing Bell: Overtime’ to discuss Lyft’s second quarter earnings. 02:18 11 minutes ago Source
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Trump likely to be criminally charged in DOJ election probe along with other former White House officials, Obama AG Holder says
Former U.S. Attorney General Eric Holder Paul Morigi | WireImage | Getty Images Former President Donald Trump “probably” will be indicted on criminal charges along with officials in his White House as part of a Justice Department investigation of efforts to reverse the 2020 election results nationally, ex-Attorney General Eric Holder said in an interview […]
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How LiveU has defined the industry it once disrupted — and brought major media players along for the ride
In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. In 2006, after attending a soccer game with a bulky, unimpressive production setup, LiveU founders Avi Cohen, Samuel Wasserman, and Rony Ohayon were inspired to create a product that would consolidate video production materials, making […]
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DoorDash stock pops 18% after posting record orders
DoorDash delivery person Source: DoorDash DoorDash reported second-quarter results after the bell on Thursday that beat Wall Street’s revenue expectations but showed a greater loss per share than anticipated. Shares of DoorDash popped 18% in after-hours trading. Here’s how the company did: Loss per share: 72 cents vs. 41 cents expected by analysts, according to […]
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Watch CNBC’s full interview with Oppenheimer’s Jed Kelly
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Jed Kelly, Oppenheimer senior analyst, joins ‘Power Lunch’ to discuss why the travel trade may be over, what he sees as the long-term potential for Airbnb and more. Source
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Biden administration will declare monkeypox outbreak a public health emergency in the U.S.
People protest during a rally calling for more government action to combat the spread of monkeypox at Foley Square on July 21, 2022 in New York City. Jeenah Moon | Getty Images The Biden administration will declare monkeypox a public health emergency as the U.S. outbreak has grown into the largest in the world, the […]
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