News

View the latest business news about the world's top companies

Logo
Dole shares closed down by 9% in market debut

Shares of Dole, which returned to public markets, closed down more than 9% on Friday. The company is trading on New York Stock Exchange under the symbol "DOLE." The stock opened at $15 per share which...

By  Shubhangi On  2021-07-31 02:47:00
Logo
Pinterest drops almost 20% following decline in users

Shares of Pinterest Inc dropped almost 20% on Friday after it reported a decline in monthly active users (MAU) in the second-quarter earnings. On Thursday, Pinterest posted it had 454 million monthly ...

By  Arghyadeep On  2021-07-31 00:34:00
Logo
Proctor and Gamble report upbeat earnings, predict fall in future profits due to higher costs

Procter & Gamble reported its quarterly earnings and revenue, beating analysts' estimates as consumers started spending more on personal care and health products. Shares of the company were up 2.48% t...

By  Yashasvini On  2021-07-30 22:42:00
Logo
Exxon beats analyst estimates with biggest quarterly profit in a year

Exxon Mobil Corp on Friday reported its best-ever quarterly profit in more than a year, beating analysts' estimates as demand for oil, gas, and chemicals rebounded. The company posted its first earnin...

By  Arghyadeep On  2021-07-30 21:38:00
Logo
Yum Brands posted Q2 earnings, beats analyst forecasts

Yum Brands announced quarterly earnings and revenue that were above analyst expectations on Thursday, as sales at its three major brands beat pre-pandemic levels, and the company launched new restaura...

By  Ishika Dangayach On  2021-07-30 02:27:00
Logo
NYSE-owner ICE's Q2 profit jumps more than double

Intercontinental Exchange Inc, the New York Stock Exchange owner, reported that its profit more than doubled, bolstered by the robust performance of its mortgage technology business. Revenue of mortga...

By  Arghyadeep On  2021-07-30 00:49:00
Logo
Nikola founder Trevor Milton indicted with securities fraud

Trevor Milton, the founder and former CEO of electric truck maker Nikola Corp, has been indicted on three counts of criminal fraud by prosecutors for allegedly lying about "nearly all aspects of the b...

By  Arghyadeep On  2021-07-29 20:58:00
Logo
Language-learning company Duolingo closes at 36% in Nasdaq debut

Language-learning company Duolingo's shares closed up 36% in its market debut on Nasdaq on Wednesday. Shares of the company closed at $139.01 ensuring a market capitalization of nearly $5 billion. Duo...

By  Shubhangi On  2021-07-29 03:14:00
Logo
Citizens Financial to acquire Investors Bancorp in a $3.5 billion deal

Citizens Financial Group will acquire Investors Bancorp in a $3.5 billion cash-and-stock deal. The deal provides the shareholders of Investors Bancorp with 0.297 of a citizen's stock and $1.46 in cash...

By  Yashasvini On  2021-07-29 02:15:00
Logo
CME Group reported $1.2 billion revenue in Q2 as expenses lowered

CME Group Inc, the world's largest futures exchange operator, announced stronger second-quarter earnings due to decreased expenditures on Wednesday. For the second quarter of 2021, the firm recorded r...

By  Ishika Dangayach On  2021-07-29 00:00:00
Logo
Spotify drops after reporting weak monthly user growth

Shares of Spotify Technologies SA dropped as much as 10% on Wednesday after the music streaming platform missed its earlier forecast of total monthly user growth. Although the Swedish company reported...

By  Arghyadeep On  2021-07-28 23:19:00
Logo
Pfizer raises COVID-19 sales forecast to $33.5 billion for 2021

Pfizer raised its 2021 sales forecast for the vaccine from $26 billion to $33.5 billion after the pharmaceutical giant sold $7.8 billion in COVID-19 shots in the second quarter. The spread of the delt...

By  Yashasvini On  2021-07-28 22:31:00
Logo
Microsoft’s earnings ride high on its cloud services

Microsoft's shares fell almost 3% in extended trading on Tuesday after reporting its fiscal fourth-quarter earnings, following the company's year-to-date run of 30% that soared investors' expectations...

By  Yashasvini On  2021-07-28 03:20:00
Logo
Starbucks beats earnings bolstered by cold beverage sales in the U.S.

Starbucks Corp on Tuesday reported better-than-expected earnings bolstered by robust performance in the U.S. and raised full-year earnings per share outlook. The company warned of a slower recovery in...

By  Arghyadeep On  2021-07-28 02:55:00
Logo
General Electric raises free cash flow forecast on recovery hopes

General Electric Co warned on Tuesday that inflationary pressures are expected to worsen throughout the year, notably in its jet-engine division. The remarks come after the Boston-based industrial gia...

By  Ishika Dangayach On  2021-07-27 23:32:00
Logo
Global chip shortage casting shadow over Tesla's upbeat earnings report

Tesla Inc reported its second-quarter earnings on Monday after the market closed, with record operating margin and profits. The encouraging income statement was enough to send the share price higher, ...

By  Arghyadeep On  2021-07-27 21:25:00
Logo
Apple's iPhone anticipated to boost sales, but App Store under regulatory risk

Strong sales of 5G iPhones and services like the App Store and Apple Music are anticipated to fuel growth at Apple Inc, which announces earnings on Tuesday, but some investors will be paying attention...

By  Ishika Dangayach On  2021-07-27 20:44:00
Logo
Lordstown enters into agreement to sell $400 million shares to hedge fund

Lordstown Motors Corp said hedge fund YA II PN Ltd has committed to buy the electric truck maker's shares worth up to $400 million over a period of three years. Under the deal, YA will receive over 35...

By  Arghyadeep On  2021-07-27 01:58:00
Logo
Lockheed Martin's Q2 profit climbs boosted by space business, misses analysts' estimate

U.S. weapons maker Lockheed Martin Corp reported its second-quarter revenue boosted by the space business, but a classified aeronautics program caused the company to miss the market estimate. Lockheed...

By  Arghyadeep On  2021-07-26 21:24:00
Logo
Global IPO market had best performing Q2 in 20 years, EY report says

Global IPO activity had its best performing second quarter in two decades by volumes and proceeds, Ernst & Young Global Ltd said in its latest report and expects the momentum to continue for the secon...

By  Arghyadeep On  2021-07-23 22:00:00
Stock View