finance

The Latest

  • IBM Reports Strong Q1 Earnings, Shares Surge By 3%
    IBM
    IBM reported earnings of $1.40 per share on revenues of $14.2 billion for its first quarter.
  • Netflix Plans To Launch Cheaper Subscriptions With Ads, Shares Dip Even Further
    Netflix
    Nearly $50 billion was wiped out from the company's market capitalization after its stock dropped by more than 35%.
  • Streaming Stocks Drop After Netflix Reported Subscriber Decline
    Netflix
    Stock prices of Netflix's competitors, including Roku, Paramount, and Disney, fell sharply after the streaming service forecasted additional losses in subscribers in the coming quarters.
  • Elon Musk Working To Secure Financing For Twitter Takeover
    TRANSPHOBIC?
    Elon Musk is reportedly working with Morgan Stanley to secure funds from investors for his planned Twitter acquisition.
  • AT&T Stock Skyrockets Following Confirmation Of Mega-Merger
    AT&T, Discovery merger
    AT&T's stock surged by nearly 8% Monday, while the new merged company's stock climbed by 1.3%.
  • Coinbase Shuts Down Payment Service In India Days After Launch
    AMICUS
    Coinbase suspended the payment services on its platform for Indian users just three days after it was launched.
  • Kohl's Confirms Receiving Multiple Acquisition Proposals
    Kohl's Department Store
    Bidders for Kohl's include Saks Fifth Avenue's parent company HBC, and private equity firms Sycamore Partners and Leonard Green Partners.
  • Alibaba Raises Buyback Program To Record $25 Billion
    Alibaba
    The increase of its buyback program comes as Alibaba still faces pressure from increased regulatory scrutiny and decreased growth.
  • Airline Stocks Plummet As Jet Fuel Prices Surge
    Airline
    Analysts expect airlines, already pummeled by the pandemic, to dramatically reduce their quarterly earnings forecasts given the recent surge in jet fuel prices.
  • More Than $54.7 Million Worth Of Crypto Donated To Ukraine
    Cryptocurrency
    Data from blockchain analytics company Elliptic showed that more than $54.7 million worth of crypto has been donated to Ukraine.
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