AMC Announces Special Dividend in the Form of “Ape” Preferred Stock; stocks fall

AMC Announces Special Dividend in the Form of “Ape” Preferred Stock;  stocks fall

AMC Entertainment Holdings Inc.’s stock fell more than 10% in extended trading on Thursday after the company announced a special dividend in the form of “Ape” preferred stock. The dividend marks the latest move in a fight over equity issues. AMC Entertainment Holdings Inc. AMC, +2.47% turned to the special dividend after it was unable … Read more

Alibaba (BABA) fiscal first quarter results in June

Alibaba (BABA) fiscal first quarter results in June

Alibaba has faced growth challenges amid tighter regulations in China’s tech sector and a slowdown in the world’s second-largest economy. But analysts believe the e-commerce giant’s growth could accelerate through the end of 2022. Kuang Da | Jemian News | CGV | Getty Images Alibaba on Thursday reported fiscal first-quarter results that beat expectations, pushing … Read more

Walmart lays off company employees after slashing forecast

Walmart lays off company employees after slashing forecast

Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey SEE press | Corbis News | Getty Images Walmart confirmed on Wednesday that it began laying off company employees about a week after the company cut its profit outlook and warned that consumers had cut discretionary spending due to inflation. … Read more

CVS Health (CVS) Q2 2022 results

CVS Health (CVS) Q2 2022 results

People walk past a CVS Pharmacy store in the Manhattan borough of New York. Shannon Stapleton | Reuters CVS Health on Wednesday raised its earnings outlook for the year, after beating Wall Street expectations for the fiscal second quarter. The healthcare company said it now expects adjusted earnings per share for the full year to … Read more

Airbnb stock drops sharply despite beaten earnings, plans to buy back $2 billion worth of shares

Airbnb stock drops sharply despite beaten earnings, plans to buy back  billion worth of shares

Airbnb Inc. said on Tuesday it had enjoyed its first profitable second quarter as a public company and was so confident in its business that it was repurchasing $2 billion of its stock. “Our second quarter results demonstrate that Airbnb has achieved large-scale growth and profitability,” Chief Executive Brian Chesky said in prepared remarks on … Read more

AMD stock slips as revenue forecast drops below Street consensus

AMD stock slips as revenue forecast drops below Street consensus

Shares of Advanced Micro Devices Inc. fell in Tuesday’s extended session after the chipmaker’s revenue forecast fell below Wall Street consensus after posting record sales, beating Street expectations and reporting a huge increase in data center sales. “Taking a step back, while there has been additional weakness in the PC market in recent months, we … Read more

Revenue from PayPal (PYPL) Q2 2022

Revenue from PayPal (PYPL) Q2 2022

Dan Schulman, president and CEO of PayPal Holdings Inc., arrives for the morning session of the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., Wednesday, July 10, 2019. The 36th annual event brings together many of America’s wealthiest and most powerful people in media, technology and sports. Patrick T. Fallon | … Read more

Uber Q2 2022 results

Uber Q2 2022 results

Dara Khosrowshahi, CEO of Uber Technologies Inc., speaks during an interview in San Francisco, Tuesday, Dec. 14, 2021. David Paul Morris | Bloomberg | Getty Images Uber reported a second-quarter loss on Tuesday, but beat analysts’ revenue estimates. Uber shares jumped 14% in premarket trading. Here are the key numbers: Loss per share: $1.33, not … Read more

JP Morgan quant who called stocks’ summer rebound says rally could continue even as corporate earnings decline

JP Morgan quant who called stocks’ summer rebound says rally could continue even as corporate earnings decline

Investors worried about the next pullback in equities might want to pause and consider this: the fall in stock valuations since the start of the year has already exceeded the average pullback of other recessionary periods since the early 1990s, according to JPMorgan Chase & Co.’ s regarding equity Marko Kolanovic. As more Wall Street … Read more