Top Airbnb revenue estimates, but shares slide
Text size Airbnb earned $379 million in the second quarter, reversing a loss of $19 million in the first quarter. Dreamtime Airbnb shares traded sharply lower in late trading on…
Airbnb Shares Plunge Despite Earnings Rise, Plan $2B Share Buyback
Airbnb Inc. said Tuesday that it had its first profitable second quarter as a public company and that it is so confident in its business that it is buying back…
PayPal shares jump 12% after company confirms Elliott’s stake and appoints EA executive as new CFO amid profit growth
After seeing its stock lose roughly two-thirds of its value over the past year, PayPal Holdings Inc. issued a full earnings report on Tuesday, announcing a new chief financial officer,…
AMTD Digital issues ‘thank you note’ to investors as shares trade around 23,650% above IPO price
The US-listed shares of Hong Kong-based investment holding company AMTD IDEA Group AMTD, +224.04% skyrocketed 312.5%, and subsidiary AMTD Digital Inc. HKD, +106.03%, a Hong Kong-based developer of digital solutions…
China’s Juggernaut Is Bottoming Out, But Is It A Buy Now?
Ali Baba (GRANDMA) rose sharply on Thursday after news that it was merging with rival Tesla Xpeng (XPEV) on driverless car technology. But is BABA stock a buy right now?…
Marathon gains in oil stocks after beating earnings forecasts on strong demand
Text size Marathon Petroleum’s Los Angeles refinery in Carson, California. Bing Guan/Bloomberg Marathon Petroleum ‘c quarterly earnings and revenue jumped above expectations thanks to limited refining capacity and strong demand…
Tesla shares are down after a blowout in July as the stock’s vote is divided
Text size Tesla’s shareholder meeting is on Thursday. Nicolas Asfouri/AFP via Getty Images Tesla shares fell on Tuesday amid a wider decline in stock markets as a crucial shareholder meeting…
Stocks retreat as tensions rise in Taiwan
Text size House Speaker Nancy Pelosi is scheduled to arrive in Taiwan on Tuesday. Chip Somodevilla/Getty Images Stocks fell on Tuesday amid rising geopolitical tensions as House Speaker Nancy Pelosi…
BP hikes dividends, buybacks as profits rise amid high prices
(Bloomberg) — BP Plc raised its dividend and accelerated share buybacks to their fastest pace after earnings jumped. Most Read by Bloomberg The oil and gas industry is boosting shareholder…
Pelosi’s trip to Taiwan is raising alarm in global financial markets
(Bloomberg) — Traders braced for the expected arrival of U.S. House Speaker Nancy Pelosi in Taipei on Tuesday to raise tensions with China, sending stocks lower and global havens the…