Updated at 10:01 am EST U.S. stocks turned lower Wednesday, while the dollar extended its recent pullback and oil prices fell, as markets reacted to a solid set of corporate earnings that suggest underlying resilience in the world’s biggest economy. Futures reversed earlier gains, however, following an emergency plan by the European Commission, the region’s…
If the preliminary second-quarter 2022 earnings from 10x Genomics (TXG) – Get 10x Genomics Inc. Report are any guide, then investors are in for a decent amount of pain this earnings season. And a strong U.S. dollar is likely to be one of the primary culprits. The lab-hardware developer generated 53% of its revenue from the…
It looks like the courtroom will be the battlefield in the war against bots. A ‘bot’ (short for robot) is a computer program that operates as an agent for a user or other program. Bots also can be designed to simulate human activity. Bots are at the center of the lawsuit between Tesla (TSLA) -…
Ever gone on social media and wondered how somebody you know can afford that fancy apartment, car, vacation or even purse? Far from being unique, this is now the problem of not one but several generations. More people feel negatively about their finances after scrolling through social media than they do about their appearance, career,…
International Business Machines (IBM) – Get International Business Machines Corporation Report posted better-than-expected second quarter earnings Monday but cautioned that the impact of the strongest dollar in more than two decades would erode full-year sales by around $3.5 billion. IBM said revenues for the three months ending in June rose 9% from last year to…
What does soaring economic uncertainty mean for the leisure brands/retailers industry? It’s not good, Bank of America analysts say. “Our economists are now forecasting a mild recession in the second half of 2022, and we note the group of leisure brands and retailers we cover generally underperformed the S&P 500 during the 2008-2009 financial crisis.” But the…
It is not a battle that gets the headlines. But this fight is just as important for Elon Musk as the standoff between him and Twitter (TWTR) – Get Twitter Inc. Report after he withdrew his $44 billion acquisition offer for the platform. Twitter is a global social network whose logo, the blue bird, is familiar…
Elon Musk versus Twitter (TWTR) – Get Twitter Inc. Report: It’s a battle royale. It’s a battle of titans that will have important consequences for mergers and acquisitions in the future. The world’s richest man and CEO of Tesla (TSLA) – Get Tesla Inc. Report abruptly withdrew his $44 billion bid to acquire the microblogging website…
Elon Musk’s Tesla Roadster has claimed the title as “quickest car in the world,” according to its website. The 2022 Tesla Roadster has good credentials to claim to be the quickest electric vehicle as its specs say it accelerates from 0 to 60 miles per hour in 1.9 seconds, can reach speeds over 250 miles…
Retailers are gearing up for back-to-school sales, as they provide even more discounts and offers for consumers this year. Target (TGT) – Get Target Corporation Report is getting head start on the back-to-school shopping season, by keeping the shopping frenzy going after its Target Deal Days sale which was held on July 11-July 13 to compete with Amazon…
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