Finance

Block shares plunge 18%, for worst day on market in 5 years after earnings miss

In this article XYZ Follow your favorite stocksCREATE FREE ACCOUNT Marco Bello | AFP | Getty Images Block shares plunged 18% on Friday, their steepest drop since 2020, after the company reported fourth-quarter earnings that missed estimates and issued guidance for 2025 that failed to reassure investors. In its financial report late Thursday, Block reported […]

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Tech megacaps plan to spend more than $300 billion in 2025 as AI race intensifies

In this article AMZN GOOGL MSFT META Follow your favorite stocksCREATE FREE ACCOUNT A picture shows logos of the Big Tech companies named GAFAM, for Google, Apple, Facebook, Amazon and Microsoft, on June 2, 2023. Sebastien Bozon | AFP | Getty Images Megacap technology companies funneled billions of dollars into artificial intelligence last year to

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Shares of Nextracker soar on stellar earnings. What we need to see before upgrading the stock

The sun is shining on Nextracker in extended trading Tuesday, as shares soared after the solar technology company reported a top and bottom line beat for its fiscal third quarter. Even better, management increased its full-year profitability outlook and reported a record backlog. Revenue in its fiscal 2025 third quarter came in at $679 million,

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Morgan Stanley tops estimates on strong equities and fixed income trading revenue

Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBC Morgan Stanley is set to report fourth-quarter earnings before the opening bell Thursday. Here’s what Wall Street expects: Earnings: $1.70 a share, according to LSEG Revenue: $15.03

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Nike CEO Elliott Hill outlines new strategy after retailer blames promotions for declining revenue and profit

In this article NKE Follow your favorite stocksCREATE FREE ACCOUNT Customers shop at a Nike store in an outlet mall in Los Angeles, Nov. 8, 2024. Frederic J. Brown | Afp | Getty Images Nike on Thursday will report its fiscal second-quarter earnings, its first quarterly earnings under new CEO Elliott Hill, who is expected

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