Pinterest shares were up by more than 6 percent after the company reported it beat expectations for its earnings per share and revenue for the first quarter of 2022. Although, the social media company did overestimate how many monthly users it would have active during the quarter. Instead, its...
The wireless technology company, Qualcomm, reported elevated earnings on Wednesday for the second quarter. Per its earnings report, all of the I0T company’s major chip markets had grown and smashed analysts’ expectations by the end of the second quarter, which ended in March. The Android chipmaker reported its revenue at...
Twitter has accepted a buyout deal from Elon Musk. The billionaire Tesla owner wants to take the social media company to a private status. Musk offered to buy Twitter for $54.20 per share, citing that it was his “best and final” offer. The $44 billion deal prompted Twitter stock to...
The second-largest credit card company by volume topped forecasts for its first-quarter profit, rising 34 percent to $9.06 billion. American Express benefitted in a big way as credit-card spending saw a resurgence from last year. The company saw increased customer engagement costs thanks to a heightened reward payouts program....
Gap shares fell by 18 percent during premarket trading on Friday after the retailer slashed sales outlook for the first fiscal quarter of 2022. The company said that it was facing “execution challenges” for its Old Navy division and that its CEO, Nancy Green, would be departing her post...
The nation’s largest retailer is increasing pay for its long-haul truck drivers. Walmart’s truck drivers have long been some of the best compensated in the U.S. But, now the retailer is increasing starting salaries for their truck drivers from $87,500 per year to $95,000 to $110,000. Truckers for the other...
According to an SEC filing on Monday, Elon Musk recently purchased 9.2 percent of Twitter stock, culminating in a $3 billion stake in the network. The buy positioned Musk as the largest shareholder in the social networking service, and Twitter stock saw its best trading day on Monday since its...
Tesla has reported that its electric vehicle deliveries reached 310,048 in the first quarter of the year. The deliveries fell slightly short of analysts’ expectations. Analysts had predicted 317,000 vehicle deliveries for Tesla during the first three months of 2022. Vehicle deliveries are an estimation of Tesla’s sales numbers. The...
Tech Giant Apple is buying the British startup Credit Kudos. Sources say the deal to acquire the fintech was finalized early last week. The deal is said to be worth approximately $150 million. An Apple spokesperson said Apple “buys smaller technology companies from time to time, and we generally do...
General Motors says it plans to pause production of its pickups at an Indiana factory due to a continued semiconductor chip shortage. The truck maker will halt output from April 4 through the week of April 11. The factory produces GMs full-size GMC Sierra and Chevrolet Silverado pickups. Its Canadian...