Business

Nasdaq, S&P 500 slide at open as Tesla, Netflix drag

Thursday, July 20 by SRN News

(Reuters) – The tech-heavy Nasdaq and the S&P 500 fell on Thursday, dragged down by Tesla over price cut concerns, while Netflix slid after its quarterly revenue missed analysts’ estimates. The Dow Jones Industrial Average rose 30.77 points, or 0.09%, at... Read More.

Musk downplays margin pain on road to self-driving future

Thursday, July 20 by SRN News

By Akash Sriram and Aditya Soni (Reuters) -Elon Musk is making a calculated bet: sacrifice margins now for better ones later when full self-driving software is completely integrated into Tesla cars. It’s a plan that could intensify the electric-vehicle price war and irk investors. Shares of... Read More.

Bain Capital raises SoftwareOne takeover offer to $3.7 billion – Bloomberg News

Thursday, July 20 by SRN News

(Reuters) – Bain Capital has increased its offer for SoftwareOne Holding AG to about 3.2 billion Swiss francs ($3.72 billion), Bloomberg News reported on Thursday, citing people with knowledge of the matter. The private equity firm has tabled a new proposal... Read More.

Freeport’s profit narrowly beats despite production, Indonesia woes

Thursday, July 20 by SRN News

(Reuters) -A slump in copper production and shipping delays in Indonesia dragged Freeport-McMoRan Inc’s second-quarter profit down by 60%, although results narrowly beat Wall Street’s expectations. Shares rose 2.3% in early Thursday trading alongside a rise in copper prices. The results lay bare the mining industry’s... Read More.

Bank stocks fall after mixed results, Discover sinks on regulatory review

Thursday, July 20 by SRN News

By Manya Saini (Reuters) -Bank stocks were lower in early trading on Thursday as lenders reported mixed quarterly results, while shares of Discover Financial Services tanked after it disclosed a regulatory review over some of its credit products. Discover’s shares fell 14% as it revealed... Read More.

Canada relieved dock workers have lifted their strike notice – minister

Thursday, July 20 by SRN News

OTTAWA (Reuters) – The Canadian government is relieved that dock workers in the Pacific province of British Columbia have lifted their strike notice, Transport Minister Omar Alghabra said on Thursday. Alghabra told reporters in Montreal that he hoped the union and... Read More.

YouTube hikes prices on US premium plans

Thursday, July 20 by SRN News

(Reuters) – YouTube, Google’s video streaming platform, hiked prices on its monthly and annual premium plans in the United States. The YouTube Premium plan would cost $13.99 a month in the U.S., up $2 from before, according to the company’s website... Read More.

Abbott beats profit estimates on recovery in demand for medical devices

Thursday, July 20 by SRN News

(Reuters) -Abbott Laboratories on Thursday reported second-quarter profit above expectations, due to recovery in surgical procedure volumes and demand for its diabetes care devices. Demand for medical devices is expected to rise this year, tracking a recovery in non-urgent surgical procedures across the U.S., as... Read More.

Blackstone marks record $1 trillion in assets with earnings slump

Thursday, July 20 by SRN News

By Chibuike Oguh NEW YORK (Reuters) -Blackstone Inc said on Thursday its second-quarter distributable earnings dropped 39% amid a slump in asset sales, overshadowing a key milestone of the firm becoming the first manager of alternative investments such as private equity and real estate to... Read More.

Netflix falls as benefits from password sharing crackdown to take time

Thursday, July 20 by SRN News

By Samrhitha A (Reuters) -Netflix tumbled 6% on Thursday after lackluster revenue growth sparked concerns it could take longer for the video-streaming pioneer’s new money-making ventures to drive growth. The company added nearly 6 million subscribers in the second quarter – almost triple of what Wall... Read More.

Current Weather

Nasdaq, S&P 500 slide at open as Tesla, Netflix drag

Musk downplays margin pain on road to self-driving future

Bain Capital raises SoftwareOne takeover offer to $3.7 billion – Bloomberg News

Freeport’s profit narrowly beats despite production, Indonesia woes

Bank stocks fall after mixed results, Discover sinks on regulatory review

Canada relieved dock workers have lifted their strike notice – minister

YouTube hikes prices on US premium plans

Abbott beats profit estimates on recovery in demand for medical devices

Blackstone marks record $1 trillion in assets with earnings slump

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