Month: January 2019

Facebook skyrocketed more than 13 percent Thursday morning after beating analyst expectations on revenue and earnings for its fourth quarter 2018. Its market value jumped about $57 billion. The strong report showed Facebook continued to grow users and revenue in all of its key regions despite numerous privacy scandals that caused widespread consumer backlash throughout
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Wheels Up has hired bankers for “strategic initiatives” that could include acquisitions, the company’s CEO told CNBC. “We have hired advisors to assist us with our pursuit of strategic initiatives that include exploring acquisition opportunities and expansion of our digital platform,” Wheels Up CEO Kenny Dichter told CNBC in a statement Wednesday evening. “Our plan
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The last two times Amazon has reported quarterly results, revenue has fallen short of expectations. Now investors are facing the prospects of slowing growth at the e-commerce giant. Amazon is slated to announce fourth-quarter earnings after the bell on Thursday. Analysts surveyed by Refinitiv expect the company to report revenue growth of 18.8 percent from
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It’s been nearly a century since any automaker was in a more enviable position than Tesla. Despite relatively disappointing fourth-quarter earnings that missed analysts’ estimates, Tesla finished 2018 with an astounding 83 percent share of the U.S. battery-electric vehicle market, CEO Elon Musk boasted on Wednesday. That hasn’t happened since the years following the start-up
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Economist Larry Summers has advised Democratic presidents, but he’s not ready to jump behind Democratic Sen. Elizabeth Warren’s proposed wealth tax. Warren, of Massachusetts, is a prominent voice in the party’s liberal wing and is exploring a run for president. Her proposal, which she is calling an ultra-millionaire tax, would apply to Americans with more
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After a barrage of mostly negative headlines in recent months, Facebook reports after the bell Wednesday. Despite the headwinds, analysts remain mostly bullish that the social media titan looks strong heading into the report where they’ll be watching for key metrics on ad revenue, privacy, and messenger integration. Facebook has come under tremendous pressure from
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A collection of skateboard decks sold at Sotheby’s Friday to a Vancouver collector for $800,000. Sotheby’s announced Friday morning that a young Vancouver collector, named Carson Guo, bought the set of 248 skate decks made by Supreme. The collection included all of the decks produced by Supreme between 1998 and 2018. It is the highest
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Amgen. Brian Kelly was a buyer of the Junior Gold Miners ETF. Steve Grasso was a buyer of Lennar. Guy Adami was a buyer of eBay. Trader disclosure: Tim Seymour is long ACBFF, AMZA, ACB, APC, APH,
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Shares of health insurer Anthem soared to a record high Wednesday after it announced plans to roll out its new pharmacy benefits management unit IngenioRx sooner than expected and issued earnings guidance for this year that also beat forecasts. “IngenioRx will improve our ability to integrate pharmacy benefits within our already strong medical and specialty
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Red flags are popping up around Tesla, even as the company is expected to report another profitable quarter this week. A falling share price, expiring electric vehicle credits and a mountain of debt in about five weeks all loom over Tesla as investors wait for its fourth-quarter earnings release after the markets close Wednesday. They’ll
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