IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. Stefan Wermuth | Bloomberg | Getty Images IBM shares slipped as much as 6% in extended trading on Wednesday after the hardware, software and consulting provider said it would acquire cloud software maker HashiCorp and reported first-quarter revenue […]
FTC Chairwoman Lina Khan testifies during a budget hearing of the House Energy and Commerce Subcommittee on Innovation, Data, and Commerce, April 18, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The U.S. Chamber of Commerce and several other business groups on Wednesday sued the Federal Trade Commission in Texas federal court over […]
Meta Platforms is set to report first-quarter earnings after Wednesday’s closing bell, the latest in a salvo of releases from marquee technology names. The Facebook parent has surged along with fellow big technology peers, climbing about 40% in 2024 after soaring nearly 200% the prior year. And Meta has been able to sidestep the current […]
TikTok creators gather before a press conference to voice their opposition to the “Protecting Americans from Foreign Adversary Controlled Applications Act,” pending crackdown legislation on TikTok in the House of Representatives, on Capitol Hill in Washington, U.S., March 12, 2024. Craig Hudson | Reuters Ophelia Nichols, known as “shoelover99” on TikTok, is among the scores […]
Check out the companies making headlines in midday trading. Boeing — The aerospace giant fell 1.5% even after noting that it burned through $3.9 billion in cash in the first quarter. The cash burn was lower than what analysts had feared. Boeing also posted an adjusted loss of $1.13 per share on revenue of $16.57 […]
Tech stocks are heavily exposed to China, which could put gains at risk, according to Piper Sandler. S & P 500 large-cap companies have a near-record reliance to sales in China at a time when the country is still contending with a slump in the real estate industry, as well as a greater push by […]
Mark Zuckerberg, CEO, Meta Platforms, in July 2021. Kevin Dietsch | Getty Images News | Getty Images Meta will report first-quarter results after the bell Wednesday. Here’s what analysts are expecting. Earnings per share: $4.32, according to LSEG. Revenue: $36.16 billion, according to LSEG. Daily active users (DAUs): 2.12 billion, according to StreetAccount Monthly active […]
The Ford display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT — Ford Motor is announcing first-quarter earnings after the markets close Wednesday. Here is what Wall Street expects, based on average analyst estimates compiled by LSEG: Earnings per share: 42 cents adjusted Automotive revenue: $40.10 billion […]
