Twitter said it saw „moderate recovery“ to its ad business compared with March, but ad revenue was still down 23% year over year.
Schlagwort-Archiv: Markets
Dow to cut costs to blunt pandemic blow, posts smaller-than-expected loss
Dow Inc. swung to a second-quarter loss as demand plunged for its chemicals from consumer durables and construction material makers and said it would reduce its workforce by 6% to weather the coronavirus crisis.
Cramer says the stock market could go even higher if more Americans wore coronavirus masks
The „Mad Money“ host said that wider mask adoption could push stocks tied to state economic reopening plans higher in addition to tech names.
Stocks making the biggest moves in the premarket: Biogen, Pfizer, Best Buy, Snap, iRobot & more
The stocks making the biggest moves in premarket trading include Biogen, Pfizer, Best Buy, Snap, iRobot, and more.
Bill Ackman: Pershing Square ‚taking no compensation‘ for new SPAC investment vehicle
Pershing Square Capital Management’s Bill Ackman spoke to CNBC’s „Squawk Box.“
Bill Ackman: ‚We are long-term bullish on America‘ but betting against high-yield companies
Billionaire investor Bill Ackman said highly levered companies will have a hard time surviving as the country struggles to reopen fully.
Best Buy sales get an online boost, sending shares higher
Best Buy said its quarter-to-date sales rose about 2.5%, driven by a surge in online shopping for electronic devices and appliances.
Analysts warn of ‚double edged sword‘ in China market rally as investors indulge in frenzied, risky trading
China’s recent stock market rally is raising fears that it’s being driven by retail investors indulging in leverage-fueled risky trading which caused a spectacular crash back in 2015.
Bill Ackman and Tontine Holdings rewrite the terms for SPACs
We believe this is a tremendous opportunity for several reasons, activist shareholder Ken Squire says.
Snap net loss balloons from year ago, revenue up 17%
Snap’s stock price initially plunged more than 11% then moderated to a smaller decline as investors digested positive user and revenue growth on Tuesday after the company reported its second-quarter earnings.