Coverage: Tesla drops after bizarre earnings conference call
Shares in Tesla Inc. took a nosedive in after-hours trading today as chief executive officer Elon Musk cut off analysts during a first-quarter earnings call. Lora Kolodny of CNBC.com had the story: He dismissed a question about gross margins from Bernstein senior analyst Toni Sacconaghi as “boring.” Instead, Musk and other executives answered multiple questions from a […]
Talking Biz News Today — May 3, 2018
Some of Thursday’s top business news stories: Associated Press Passengers heard window popping on Southwest plane, by Mark Gillispie and David Porter More businesses are mellowing out over hiring pot smokers, by Christopher Rugaber Bloomberg Fed calm over 2% inflation underlines gradual rate hike outlook, by Christopher Condon Amazon offers retailers discount to adopt payment system, by Jennifer Surane and Spencer Soper Fortune […]
Coverage: Snap earnings disappoint, stock drops 17%
Snap, the parent company of the messaging app Snapchat, lost 17 cents per share on revenue of $230.7 million during the first quarter, missing analyst estimates and causing its stock to drop 17 percent in after-hours trading. Greg Sandoval of Business Insider had the news: The company’s revenue missed analyst expectations by 6%, exactly the kind of performance the […]
Talking Biz News Today — May 2, 2018
Some of Wednesday’s top business news stories: Associated Press Apple leads tech higher as stocks recover from an early loss, by Marley Jay White House delays a trade war but intensifies uncertainty, by Paul Wiseman Bloomberg Match gets snarky with Facebook after dating app announcement, by Gerrit De Vynck United bans 25 pet breeds from hold, will resume […]
Coverage: Pending home sales rise slightly in March
Slightly more Americans signed contracts to buy homes in March, yet higher mortgage rates and a shortage of available houses are weighing on sales. Christopher Rugaber of AP had the news: The National Association of Realtors said Monday that its pending home sales index ticked up 0.4 percent last month to 107.6. It was the second […]
Talking Biz News Today — May 1, 2018
Some of Tuesday’s top business news stories: Associated Press Drivers facing most expensive driving season in years, by Alex Veiga U.S. risks trade fight with Europe as sanctions delay expires, by Christopher Rugaber and Ken Thomas Bloomberg WhatsApp CEO’s early exit from Facebook could cost him $1 billion, by Tom Metcalf and Anders Melin Twitter inks more than 30 video deals with […]
Coverage: T-Mobile and Sprint agree to $26 billion deal
T-Mobile US Inc. and Sprint Corp. on Sunday agreed to a $26 billion all-stock deal and argued they could win over skeptical regulators because the merger would create thousands of jobs and help the United States beat China to creating the next generation mobile network. Greg Roumeliotis, Sheila Dang and Liana B. Baker of Reuters had the news: The agreement capped […]
Talking Biz News Today — April 30, 2018
Some of Monday’s top business news stories: Associated Press China’s JD.com looks to Silicon Valley center for innovation, by Anne D’Innocenzio Trump’s threats on trade unsettle framing, ranching backers, by Matthew Brown and Matt Volz Bloomberg Danish mortgage backers told to stop wining about capital rules, by Frances Schwartzkopff Is stock market volatility good for the art market, by James Tarmy […]
Coverage: Amazon’s earnings overwhelm Wall Street
Amazon.com Inc. on Thursday reported its best revenue growth in more than six years while topping $1 billion in profit for the second straight quarter, surprising investors who expected a more modest profit. Eugene Kim of CNBC.com had the news: Amazon’s revenue, which includes sales from Whole Foods, increased 43 percent year-over-year. Its North America revenue jumped […]
Talking Biz News Today — April 27, 2018
Some of Friday’s top business news stories: Associated Press Microsoft Windows adapts as its business importance declines, by Matt O’Brien Amazon raising price of annual Prime membership to $119, by Joseph Pisani Bloomberg Tesla shareholder urges board to name an independent chairman, by Dana Hull Apple officially discontinues its AirPort wireless routers, by Mark Gurman Fortune Microsoft is abandoning […]
