Nvidia CEO Jensen Huang told CNBC on Thursday he was confident in the company’s growth story, even if its potential blockbuster acquisition of British chip designer Arm does not happen. “Nvidia is going to be huge no matter what,” Huang said on “Mad Money,” in response to a question from Jim Cramer, […]
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$15 minimum wage not allowed in Biden’s Covid relief bill, Senate official says
A protester attends a rally held by fast food workers and supporters to celebrate the California Labor Commissioner’s order for the company to rehire and compensate workers who went on strike for coronavirus disease (COVID-19) protections, in Los Angeles, California, February 18, 2021. Lucy Nicholson | Reuters Democrats cannot include […]
Twitter CFO says company is confident about strategy to double revenues in two years
Twitter announced on Thursday ambitious goals to double both its user base and revenues over the next two years, milestones its finance chief said he thinks the company is more than capable of meeting. The social media company said it is looking to grow its daily active users to 315 […]
‘This is volatility on steroids’: Four market analysts on GameStop’s monster move
Volatility has struck shares of GameStop once again. The stock closed about 18.5% higher on Thursday after a raucous session in which trading was halted multiple times on account of the sharp moves. GameStop surged by over 100% on Wednesday after the company announced that its chief financial officer would […]
Biden stresses human rights in call with Saudi king before report on Khashoggi killing released
Salman bin Abdulaziz Al Saud, King of Saudi Arabia Bandar Algaloud | Saudi Royal Council | Handout | Anadolu Agency | Getty Images President Joe Biden held his first call with Saudi King Salman on Thursday, emphasizing human rights and diplomatic efforts to end the war in Yemen as the […]
DoorDash stock falls after company drops first earnings report since going public
Tony Xu, co-founder and chief executive officer of DoorDash Inc., smiles during the Wall Street Journal Tech Live conference in Laguna Beach, California, U.S., on Tuesday, Oct. 22, 2019. Martina Albertazzi | Bloomberg | Getty Images DoorDash reported Q4 2020 earnings after the bell on Thursday. It beat analyst revenue […]
Beyond Meat strikes deals with McDonald’s, Yum but shares fall on wider quarterly loss
Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Beyond Meat on Thursday announced that it has struck deals with fast-food giants McDonald’s and Yum Brands, but shares fell on […]
AT&T to spin off DirecTV, AT&T TV Now and U-Verse into new company valued at $16.25 billion
People walk past an AT&T store in New York. Kena Betancur | AFP |Getty Images AT&T has entered into a deal with private equity firm TPG to spin off its DirecTV, AT&T TV and U-Verse business, according to an SEC filing on Thursday. Under the agreement, AT&T and TPG will […]
Virgin Galactic shares fall as quarterly results reveal next spaceflight test delayed to May
A Banner hangs outside the New York Stock Exchange (NYSE) ahead of the Virgin Galactic (SPCE) IPO in New York, U.S., October 28, 2019. Brendan McDermid | Reuters Virgin Galactic delivered fourth quarter results after the market closed on Thursday, with the company disclosing its next spaceflight test is delayed […]
Etsy stock surges on earnings beat and strong guidance
An employee walks past a quilt displaying Etsy signage at the company’s headquarters in Brooklyn, New York. Victor J. Blue | Bloomberg | Getty Images Etsy reported better-than-expected fourth-quarter results after the bell on Thursday, including soaring profits and 129% revenue growth. The stock rose more than 8% in extended […]