Boeing announced its Q3 2019 earnings showing dismal performance, and consequently, fell short of the Wall Street expectations. Surprising enough, but Boeing (BA) stock is up 3.5% closing at $340.50 per share.
Tesla (TSLA) reported Q3 revenue of $6.3b and earnings per share, adjusted, of $1.86 on Wednesday. TSLA spiked more than 20% after Tesla posted the surprise profit and said it was ahead of schedule with a new factory in Shanghai.
Softbank steps in and tries to save WeWork with a capital infusion of about $8 billion. CEO Adam Neumann is expected to leave the company with a fortune.
Popular TV Show stock analyst Jim Cramer predicts the bursting of a bubble for Beyond Meat’s shares (BYND).
By the end of Q3 2019, Snapchat’s daily active users surged to 210 million while its revenue surged 50% year-to-year and is currently at $446 million.
The new MacBook Pro is going to have superthin bezels, and its 16-inch display will actually fit into a 15-inch chassis.
According to Goldman Sachs, the forecasted increase in 2020 stands in contrast to the expected 6% decline in spending by S&P 500 companies in 2019.
Veteran investor Rob Arnott indicates that America’s biggest tech stocks FANMAG are in a bubble and Bitcoin as well.
Blizzard’s new Diablo 4 game was expected to be announced at November’s BlizzCon 2019 but an ad for a related artbook seems to announce it earlier.
Raymond’s analyst Chris Caso raised his expectations for iPhone 11 volume by 3 million units in aggregate for Apple’s December and September quarters.
SAP and Microsoft have entered a new partnership targeted at SAP’s enterprise customers and their move to the cloud.
It appears that Verizon Media Group wants to sell Huffpost in a rough year for US-based internet media companies.
The CEO of Xiaomi said that they anticipate relegation of 4G technology and will release more than 10 new 5G enabled smartphones.
Charles Schwab will allow trading in fractions of shares to attract younger users to its online platform.
If the plan goes successful, Virgin Galactic will be the first human spaceflight company to go public. The company is confident of turning profitable within two years of its public listing.