Twitter has finally cleaned up its act, and it is now a “legitimate” platform for companies to place advertisements, CNBC’s Jim Cramer said Thursday. “They got disciplined. We’ve been waiting and waiting and waiting,” Cramer said on “Squawk on the Street” after Twitter reported revenue that beat Wall Street’s expectations. “It was a takeover story […]
Read moreTwitter said during its latest earnings that if it hits its high estimate for adjusted EBITDA next quarter it will finally b. The company aims to get there by cutting costs, looking a new ways to get advertisers involved and diversifying its revenue stream. The lion’s share of Twitter’s revenue comes from advertising. It earned […]
Read moreDeutsche Boerse’s embattled chief executive Carsten Kengeter is stepping down amid continuing allegations of insider trading, the German exchange operator announced on Thursday. The decision came at an extraordinary meeting of the supervisory board. No successor was named, and Kengeter will stay on until there’s a transition plan. Deutsche Boerse said that the resignation was […]
Read moreAfter eight years of researching and developing self-driving cars in primarily warm and dry locations, Waymo wants a clearer picture of how its vehicles and technology handle snow and ice. The tech firm, formerly known as the Google self-driving car project, will start testing its self-driving cars in Michigan. “For human drivers, the mix of […]
Read moreOver the last year, one of the more interesting stories has been AMD‘s resurgence to relevance as a viable alternative to Intel. AMD’s new Ryzen chips have managed to at least offer a credible challenge to Intel’s dominance in almost every facet of the desktop PC world, from high-end, multi-core processors like the Threadripper line […]
Read moreHigh prices and low supply are keeping potential home buyers at bay. An index measuring signed contracts to buy existing homes was flat in September, according to the National Association of Realtors, but August’s reading was revised down. That puts the index at its lowest level since January 2015. It is down 3.5 percent from […]
Read moreAs California begins cleaning up from this month’s deadly wildfires, concerns are rising that the rebuilding could take years and will be hampered by shortages of contractors and labor. The governor has ordered the suspension of tough zoning, planning and other requirements to help the fire ravaged communities in Northern California bounce back faster. California, […]
Read moreWall Street expects Amazon to report another quarter with plenty of growth but little profit, as the e-commerce giant ramps up its investment in areas like warehouses, content, and international markets. Amazon is expected to post third-quarter earnings of 3 cents a share after the bell Thursday, according to analysts polled by Thomson Reuters, down […]
Read moreActivist investor Nelson Peltz said Wednesday the fierceness of a company’s fight against an outsider likely indicates how poorly the business is doing. “I believe that there is a direct correlation between how poorly a company is doing and how big of a fight they put up,” Peltz, CEO and founding partner of Trian Partners, […]
Read moreInvestors are panicking over Celgene’s new long term sales guidance. The shares of the biotech company opened down 17 percent Thursday after it reduced 2020 sales guidance to range of $19 billion to $20 billion from its previous forecast of more than $21 billion. Celgene also lowered its 2020 earnings-per-share guidance to more than $12.50 […]
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