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Business, Stocks

“S&P and Moody’s downgrade JetBlue amid $3 billion debt raise, shares sink”

August 20, 2024

“…Shares of the New York-based company plummeted 19%. JetBlue intends to raise $1.5 billion through a private offering of senior secured notes and an additional $1.25 billion via a term loan, secured by TrueBlue. It also plans to raise $400… Continue Reading…

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Stocks

“TSMC Sales Soared 45% in July on Strong AI Demand, Shares Gain”

August 14, 2024

“…Sales for the month reached NT$256.95 billion ($7.9 billion). For the third quarter, analysts project TSMC revenue should grow 37% to NT$747.4 billion, with the July result suggesting TSMC may surpass those expectations…” https://finance.yahoo.com/news/tsmc-sales-grow-45-july-054146804.html

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Stocks

“Under Armour shares surge 20% after posting ‘better than feared’ quarterly sales”

August 14, 2024

“…Here’s how the athletic apparel company did in its fiscal first quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: In the three months ended June 30, Under Armour reported a loss of… Continue Reading…

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Stocks

“Shopify shares soar 17% after earnings top expectations, company gives upbeat forecast”

August 14, 2024

“…Here’s how the company did compared with what Wall Street was expecting, based on a survey of analysts by LSEG: The company said gross merchandise volume, or the total volume of merchandise sold on the platform, jumped 22% during the… Continue Reading…

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Banking, Stocks

“SoftBank shares tank near 19%, wiping off $4.6 billion from founder Masayoshi Son’s fortune”

August 12, 2024

“SoftBank Group shares tanked nearly 19% on Monday amid a global sell-off, wiping off billions of dollars from founder Masayoshi Son’s fortune. On Monday, Son’s net worth fell by $4.6 billion alone, according to the Forbes real-time billionaires list. Monday’s… Continue Reading…

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Business, Stocks

“Apple shares drop nearly 5% after Warren Buffett’s Berkshire Hathaway slashes stake by half”

August 8, 2024

“Warren Buffett sent shockwaves through the investing world over the weekend by slashing his big Apple stake by half, causing the tech stock to crater on Monday amid the intensifying global sell-off. Berkshire Hathaway disclosed in its earnings filing that its Apple… Continue Reading…

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Business, Stocks

“Amazon shares slide on revenue miss, disappointing guidance for third quarter” [Aug 1 2024]

August 5, 2024

“Amazon reported weaker-than-expected revenue for the second quarter on Thursday and issued a disappointing forecast for the current period. The shares slid as much as 6% in extended trading. Here’s how the company did: Wall Street is also looking at these key numbers:… Continue Reading…

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Stocks

“Dexcom shares plummet almost 40% after company misses on revenue, lowers guidance” [Jul 25 2024]

July 30, 2024

“Shares of Dexcom tumbled almost 40% in extended trading Thursday after the diabetes management company reported disappointing revenue for the second quarter and offered weak guidance. Here’s how the company did: Dexcom’s revenue increased 15% from $871.3 million a year earlier, according to a… Continue Reading…

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Stocks

“Wells Fargo shares tumble after net interest income falls short of estimates” [Jul 12 2024]

July 26, 2024

“… …” https://www.cnbc.com/2024/07/12/wells-fargo-wfc-q2-2024-earnings.html

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Stocks

“Tesla shares close down 12% after earnings miss for biggest slump since 2020”

July 25, 2024

“…The stock closed down 12% on Wednesday at $215.99. It’s now down 13% for the year, while the Nasdaq is up 16% over that stretch. Tesla on Tuesday said auto revenue declined 7% from a year earlier to $19.9 billion while margins… Continue Reading…

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