Shopify easily topped adjusted profit expectations for its latest quarter, though its shares were headed lower in Wednesday’s after-hours action.
The Tell: U.S. companies are beating Wall Street’s earnings expectations at highest rate in nearly 2 years, but stocks don’t seem to care.
U.S. companies have surpassed Wall Street’s profit expectations for the quarter ended in June. But investors don’t seem to care.
: Apple savings account racks up $10 billion in deposits since April debut
Apple has amassed upwards of $10 billion in deposits for its savings account since launching the product with Goldman Sachs in April.
Earnings Results: PayPal’s stock falls as earnings beat, but a margin metric misses
PayPal disappointed Wall Street Wednesday with its performance on transaction take rate and adjusted operating margins.
Earnings Results: Qualcomm’s stock loss accelerates after hours as revenue growth is tied to smartphone and China recovery
Qualcomm shares declined further in Wednesday’s extended session as the chip maker’s forecast was on the low side of Wall Street estimates.
The Ratings Game: Virgin Galactic plans regular missions and new spacecraft, but capital is key, analysts say
Virgin Galactic is targeting Aug. 10 for its second commercial spaceflight.
Earnings Results: DoorDash sales beat expectations, helped by non-restaurant expansion, and shares rally
DoorDash reported a slightly bigger second-quarter loss than expected but sales that beat estimates.
Key Words: A giant wealth transfer explains why the economy isn’t responding to Fed policy: Ray Dalio
A giant transfer of wealth from public sector to the private sector has made the economy less responsive to Fed tightening, says billionaire investor Ray Dalio.
Key Words: JPMorgan CEO Jamie Dimon says U.S. should have the highest credit rating in the world
Proposed capital requirements for banks unveiled last week may make loans more expensive for small businesses and mortgage borrowers, Dimon says.
: GM is bringing back the Bolt. What do we know so far about the updated EV?
The return of the Chevy Bolt says more about GM’s long-term EV marketing goals than about profits in the here and now.
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