WhatsApp is testing a new feature that could let users communicate with companies via secure messages, part of a broader overhaul to make the service more business friendly. The tool will allow users to see whether a business account has been verified by WhatsApp before initiating a conversation. Currently, the feature, which has been downloaded […]
Read moreSquare shares climbed in after-hours trading Wednesday after the company reported second-quarter results that beat analyst expectations. Here’s how the company did compared to what Wall Street expected: Loss per share: 4 cents vs. 5 cents, according to Thomson Reuters consensus. Revenue: $552 million vs. $536.3 million, according to Thomson Reuters consensus. Gross payment volume: […]
Read moreFitbit reported quarterly results and revenue that beat analysts’ expectations on Wednesday. Here’s how the company did compared to what Wall Street expected: Loss per share: 8 cents vs. 15 cents expected, according to Thomson Reuters Revenue: $353.3 million vs. $341.6 million expected, according to Thomson Reuters In the year-ago period, Fitbit reported earnings of […]
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Goldman Sachs expects Boeing, Tiffany and some health care companies to benefit from the diving U.S. dollar. “The ripple effects of a weaker dollar benefit US stocks with overseas sales,” David Kostin, chief U.S. equity strategist at Goldman Sachs, said in a report published late Tuesday with other analysts. The U.S. dollar index has fallen […]
Read moreSnap is facing yet another dilemma as advertisers are increasingly losing interest in the platform. With all the other challenges the company faces — not the least of which is a cratering stock — the company badly needs to show investors that it is a unique way for advertisers to reach the coveted young demographic. […]
Read moreApple‘s HomePod smart speaker contains code that may offer a hint as to what’s to come in the iPhone 8. The code, uncovered by a developer named Guilherme Rambo and spotted by MacRumors, points to a new “SmartCamera” function that may appear on the new iPhone. Rambo noticed strings referencing different settings for fireworks, foliage, […]
Read moreTesla is expected to release its second-quarter earnings report after the market closes on Wednesday, days after it delivered its first batch of highly anticipated Model 3 sedans. Here is what analysts expect: Adjusted loss per share: $1.82 expected, according to a Thomson Reuters survey Revenue: $2.51 billion, expected, analysts told Thomson Reuters Analysts expect […]
Read moreNasdaq and technology stocks are sending up warning flares that the broader market may be getting ready for a late-summer sell-off. The Dow surged above 22,000 for the first time ever Wednesday, and the S&P 500 and Nasdaq also rode higher after Apple‘s strong earnings cast a positive glow across the market. But those gains […]
Read moreFormer Google executive Jeff Huber has stepped down from the CEO role at early cancer detection start-up Grail after just over a year on the job. Huber started at Google in 2003 and helped develop its ad technology and maps products, then helped lead the formation of the Google X lab. He left Google to […]
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By some measures, investors are more crowded into technology stocks than ever before. Information technology is the best-performing sector this year. Shares of Apple just surged on its earnings Tuesday, sending the Dow Jones industrial average to new heights. And according to a new Bank of America Merrill Lynch report, mutual funds’ exposure to technology […]
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