Stock Markets

Walt Disney Second-Quarter Results Miss Guidance

Walt Disney Second-Quarter Results Miss Guidance

The Walt Disney Company (DIS), a media and entertainment conglomerate, reported late on Tuesday second-quarter results that missed the market’s forecast for revenue and earnings, as an increase in total costs and expenses exceeded a jump in group sales. Sales at the Burbank, California-based group surged by 33% to $20.25 billion during the three months that ended June 29, from […]

Qualcomm Fourth Quarter Revenue Guidance Disappoints, Third-Quarter Adjusted Earnings Beat

Qualcomm Fourth Quarter Revenue Guidance Disappoints, Third-Quarter Adjusted Earnings Beat

Qualcomm (QCOM) unveiled revenue guidance which fell short of analysts’ estimates after markets shut on Wednesday as the telecommunications major posted mixed results for its fiscal third quarter with adjusted earnings surpassing Street estimates while adjusted revenue missed forecasts. The San Diego, Calif.-based company, which manufactures semiconductors and provides telecommunications equipment, reported revenue of $9.64 billion in the three months […]

Southwest Extends Timeline for 737 MAX Return to January, End Service to Newark Airport

Southwest Extends Timeline for 737 MAX Return to January, End Service to Newark Airport

Southwest Airlines (LUV) on Thursday said it would extended its timeline for its Boeing (BA) 737 MAX jetliners to return to service until at least early January and would consolidate service to one of New York’s three major airports. “Based on the most recent guidance from Boeing, we currently are assuming regulatory approval of MAX return to service during fourth […]

Asian Stock Markets Gain on Beijing Stimulus Plans

Asian Stock Markets Gain on Beijing Stimulus Plans

Asian stock markets gained on Tuesday, as traders reviewed plans by Beijing to boost spending on infrastructure, and recent “dovish” policy statements by major global central banks. Shanghai posted a 2.58% gain, while Hong Kong and Tokyo also finished in the green, as did other regional exchanges. In Tokyo, the Nikkei 225 opened lower but rose during trading as investors […]

Walmart Hires Google Executive Kumar as Chief Technology Officer Amid Retail Transformation Push

Walmart (WMT) has hired an executive from Alphabet’s Google (GOOG, GOOGL) as its chief technology officer as the world’s biggest retailer increasingly looks to bolster e-commerce for customers and deepen functions within its physical stores. Suresh Kumar was named CTO and chief development officer in a “newly elevated” role that reports directly to Doug McMillon, chief executive of the Bentonville, […]

Facebook Looks to Launch Own Cryptocurrency in Q1 2020

Facebook Looks to Launch Own Cryptocurrency in Q1 2020

Facebook (FB) is finalizing plans to launch its own cryptocurrency in Q1 2020 with a digital payments system in about a dozen countries, BBC News reported on Friday. Facebook is looking to start testing its cryptocurrency, referred to internally as GlobalCoin, by the end of the year. The social media company is expected to outline more detailed plans this summer. […]