The steep losses came as Apple’s recent product event — its first in 2020 — didn’t live up to the hype.
Schlagwort-Archiv: Markets
Here’s what happened to the stock market on Friday
Stocks were under pressure once again by steep declines in major tech names.
These charts show how wildfires are getting larger, more severe in the U.S.
The U.S. is halfway through wildfire season, and this year is already one of the worst in history. Human-caused climate change has made blazes more frequent and intense.
Kraft Heinz targets $2 billion in cost cuts over 5 years, sees long-term organic net sales growth of 1% to 2%
Kraft Heinz also raised its third-quarter forecast for organic sales growth.
Slack shares plunge as growth stays steady with no coronavirus spike
Slack’s revenue grew at around 50% for the third consecutive quarter, and the company reported more paying customers than analysts had expected.
Oracle’s stock jumps as company returns to growth
The software maker delivered revenue growth even during the first full quarter of business during the coronavirus pandemic.
Peloton crushes estimates as sales surge 172%, expects strong demand to continue into 2021
Peloton’s fiscal fourth-quarter sales surged 172% to $607.1 million, the company announced Thursday, as its high-tech stationary bike and treadmill became two of the hottest commodities for people looking to work out at home during the coronavirus pandemic.
Lululemon quarterly sales top expectations, CEO ‚cautiously optimistic‘ for rest of 2020
CEO Calvin McDonald said the retailer is „cautiously optimistic“ about the rest of the year. Lululemon is not offering a 2020 outlook at this time.
Stock picking has a terrible track record and it’s getting worse
The vast majority of active managers underperform their risk-adjusted benchmarks. How come so few fund managers beat the market?
Chime is now worth $14.5 billion, surging past Robinhood as the most valuable US consumer fintech
That lofty valuation makes Chime the most valuable American fintech start-up serving retail consumers.