Take-Two stock dropped more than 15% in extended trading on Monday after the company reported fiscal second-quarter 2023 results. It said its outlook in the current quarter and for fiscal 2023 would be lower than previously expected. Here’s how the company did: Loss: $1.54 loss per share Revenue: $1.5 billion, […]
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Stocks making the biggest moves after hours: Lyft, Take-Two Interactive, Tripadvisor and more
A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Check out the […]
Virgin Orbit raises $25 million from Branson’s conglomerate as cash reserve dwindles
Virgin Orbit’s modified 747 jet “Cosmic Girl” releases the company’s LauncherOne rocket for a mission on January 13, 2022. Virgin Orbit Virgin Orbit raised $25 million, the company announced Monday alongside its third-quarter results, as the alternative rocket launcher faces a dwindling cash reserve. The company disclosed that Richard Branson’s […]
Shares of Trump-linked SPAC soar 66% as former president hints at 2024 run
The social media app will be developed by Trump Media and Technology Group (TMTG). Rafael Henrique | LightRocket | Getty Images Shares of Digital World Acquisition Corp., the company set to take Trump Media and Technology Group public, spiked Monday after former president Donald Trump hinted at a 2024 presidential […]
Some of NY Gov. Kathy Hochul’s top donors privately sound alarm over GOP candidate Lee Zeldin surge
Follow CNBC’s live blog covering Monday’s campaigns ahead of the Nov. 8 midterm elections. Some of New York Gov. Kathy Hochul’s top donors are privately panicking about Republican challenger Rep. Lee Zeldin’s recent surge in the polls ahead of Tuesday’s midterms, according to people familiar with the matter. The Republican, who’s […]
Wells Fargo’s downgrade of Costco underappreciates the retailer’s value
Wells Fargo downgraded Club holding Costco (COST) in a rare move Monday, citing “brewing headwinds” to the wholesale retailer’s growth momentum. We think this call is a mistake and see Costco as a buy here, given the value it continues to offer its customer base amid a deteriorating economy. Analysts […]
Palantir stock falls after slight earnings miss
A person poses in front of a banner featuring the logo of Palantir Technologies (PLTR) at the New York Stock Exchange (NYSE) on the day of their initial public offering (IPO) in Manhattan, New York City, U.S., September 30, 2020. Andrew Kelly | Reuters Shares of Palantir closed down more […]
Twitter staffers are sleeping in the office—ex-Apple engineer who worked on the iPhone says it’s totally unnecessary
For some Twitter employees under Elon Musk, sleeping in the office appears to be an absolute must — the physical embodiment of the tech industry’s “hustle culture.” It’s also totally unnecessary, says Ken Kocienda, a former Apple software engineer and designer who helped build the first iPhone and iPad. Kocienda’s […]
Here’s how much equity U.S. homeowners have lost since May
A home awaits sale at a reduced asking price in Glendale, California. David McNew | Getty Images The historic run-up in home prices during the first two years of the pandemic gave homeowners record amounts of new home equity. Since May, however, about $1.5 trillion of that has vanished, according […]
Shares of Trump-linked SPAC soar as former president hints at 2024 run
The social media app will be developed by Trump Media and Technology Group (TMTG). Rafael Henrique | LightRocket | Getty Images Shares of Digital World Acquisition Corp., the company set to take Trump Media and Technology Group public, spiked Monday after former president Donald Trump hinted at a 2024 presidential […]