The stock market flashed a key technical signal that suggests a pullback from all-time highs is on the way. That’s according to Jonathan Krinsky, the managing director and chief market technician at BTIG, who thinks the S&P 500 is bound for a 5% pullback soon. The benchmark index just broke through a technical resistance level…
Not only does Airbnb want to be the “everything app” — where users can book literally everything, from accommodations to experiences and services — it also wants to do the booking for you. Brian Chesky, cofounder and CEO of Airbnb, laid out his vision for the travel app’s AI-powered future during the company’s second-quarter earnings…
On-demand food delivery service DoorDash (NYSE:DASH) beat Wall Street’s revenue expectations in Q2 CY2025, with sales up 24.9% year on year to $3.28 billion. Its GAAP profit of $0.65 per share was 49.5% above analysts’ consensus estimates. Is now the time to buy DoorDash? Find out in our full research report. Revenue: $3.28 billion vs…
Newspaper and digital media company The New York Times (NYSE:NYT) reported Q2 CY2025 results exceeding the market’s revenue expectations , with sales up 9.7% year on year to $685.9 million. Its non-GAAP profit of $0.58 per share was 12.7% above analysts’ consensus estimates. Is now the time to buy The New York Times? Find out…
Genetic testing company Myriad Genetics (NASDAQ:MYGN) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, but sales were flat year on year at $213.1 million. The company’s full-year revenue guidance of $823 million at the midpoint came in 1.5% above analysts’ estimates. Its non-GAAP profit of $0.05 per share was significantly above analysts’ consensus…
NEW YORK — U.S. stock indexes drifted to a mixed finish Wednesday after climbing in the morning but then running out of steam. The Standard & Poor’s 500 finished an iota higher, less than 0.1%, after surrendering virtually all of its early gain of 0.9%. But that was just enough to break a four-day losing streak that…
Warren Buffett’s Berkshire Hathaway cut its Bank of America stake and other bets last quarter. The investor’s company exited two S&P 500 funds and only added one new stock, Constellation Brands. Buffett’s conglomerate sold a net $127 billion of stocks in the first nine months of last year. Warren Buffett and his deputies pared bets,…
Nvidia (NASDAQ:NVDA) Surprises With Strong Q3, Quarterly Revenue Guidance Slightly Exceeds Expectations Leading designer of graphics chips Nvidia (NASDAQ:NVDA) announced better-than-expected revenue in Q3 CY2024, with sales up 93.6% year on year to $35.08 billion. Guidance for next quarter’s revenue was better than expected at $37.5 billion at the midpoint, 1.3% above analysts’ estimates. Its…
Warren Buffett’s Berkshire Hathaway purchased stakes in Domino’s Pizza and Pool Corp. last quarter. The investing legend’s company made big cuts to its huge Apple and Bank of America positions. Berkshire pared other holdings such as Capital One, and sold almost all of its Ulta Beauty shares. Thanks for signing up! Access your favorite topics…
Data-mining and analytics company Palantir (NYSE:PLTR) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, with sales up 30% year on year to $725.5 million. On top of that, next quarter’s revenue guidance ($769 million at the midpoint) was surprisingly good and 3.4% above what analysts were expecting. Its non-GAAP profit of $0.10 per…