Shares of mobile games platform Skillz (NYSE: SKLZ), the successful 2020 SPAC IPO that's lost most of its gains over the last couple of months, are taking investors for another wild ride this week. Yesterday, Skillz stock dropped 11.1% below its Friday close on no apparent bad news. Skillz hasn't ever earned a profit, and its losses and cash burn surged last year (partly as a consequence of expenses incurred during the IPO).
Tesla's surge is putting Big Tech earnings center stage as investors look to megacaps to lift stocks.
TORONTO — Canada's main stock index erased its gains from the day before asindustrial and telecom stocks weighed on the market, while U.S. markets were mixed. The S&P/TSX composite index closed down 138 points at 21,873.72. In New York, the Dow Jones industrial average was down 42.77 points at 38,460.92.The S&P 500 index was up 1.08 points at 5,071.63, while the Nasdaq composite was up 16.11 points at 15,712.75. Markets were off to a better start in the morning thanks to earnings from Tesla the
A former SNC-Lavalin executive has been sentenced to three and a half years in prison in connection with a bribery scheme for a bridge repair contract in Montreal, the RCMP say. Normand Morin, once a high-ranking vice-president at the engineering firm, received the sentence Tuesday after his conviction for corruption and fraud last month. A police investigation revealed that SNC-Lavalin executives paid bribes of roughly $2.3 million in order to secure a $128-million contract to repair the Jacque
The parent of Facebook and Instagram ratcheted up its spending plans as it continues to invest in AI software and services.
Guardians starter Gavin Williams has suffered a setback in his recovery from an elbow injury and will be shut down for at least another week. Williams, who was expected to have a major role for Cleveland this season, hurt his elbow while throwing a weighted ball during spring training in March. Williams pitched three innings in a simulated game on Saturday in Arizona, and afterward told the team he had soreness in the back of his elbow.
Push to integrate AI into Meta products boosts financial results, with sales and profits beating analysts’ expectations
Spanish Prime Minister Pedro Sanchez is no stranger to high octane political battles and has successfully fought for his career in public life several times. On Wednesday evening, Sanchez said he would suspend public duties until next week to decide whether he wants to continue leading the government. The shock announcement came after a Spanish court said earlier on Wednesday it was launching a preliminary investigation into whether Sanchez's wife Begona Gomez committed a crime of influence peddling and corruption in business in her private dealings.
Flight attendants at Southwest Airlines have ratified a contract that includes pay raises totaling more than 33% over four years, as airline workers continue to benefit from the industry's recovery since the pandemic. The Transport Workers Union said Wednesday that members of Local 556 approved the contract by a margin of 81% to 19%. The union's board rejected a lower offer last summer, and flight attendants voted against a second proposal in December.
Members of Haiti’s new transition government, who are readying to officially assume office on Thursday, were hoping to take the oath of office on the grounds of the presidential palace, the symbol of power even if the once ornate building hasn’t been rebuilt after collapsing in the 2010 earthquake.
ServiceNow stock fell after the software maker reported Q1 earnings and revenue that topped estimates while guidance came in slightly below views.
Ford reported first quarter results after the bell that beat expectations on Wednesday, with its changing product game plan front and center along with its focus on gas and hybrid offerings.
Kansas' Democratic governor on Wednesday vetoed a broad package of tax cuts for the second time in three months, describing it as “too expensive” despite the bipartisan support it enjoyed in the Republican-controlled Legislature. Gov. Laura Kelly and her staff had signalled that she had misgivings about a package of income, sales and property tax cuts worth $1.5 billion over the next three years. The governor also told fellow Democrats that she believes Kansas' current three personal income tax rates ensure that the wealthy pay their fair share.
The 1975 frontman Matty Healy revealed he "hasn't really listened" to Taylor Swift's new album, "The Tortured Poets Department."
Facebook and Instagram parent company Meta said Wednesday its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platforms.
Though we share a language, there are many differences between American and English culture, including our traditional breakfasts. Here's the difference.
WASHINGTON (AP) — Jill Biden on Wednesday sounded a red horn to start the Wounded Warrior Project's annual Soldier Ride from the White House lawn, using the launch of the multiday bike ride to stress the importance of supporting service members. “My husband often says that we have many obligations as a nation but only one sacred obligation: to support you and your families when we send you into harm’s way and when you return,” she said of President Joe Biden, who is up for reelection. Jill Biden
Norfolk Southern (NSC) shares are falling during Wednesday's trading session after the company reported disappointing first-quarter results, missing analyst expectations on both revenue and adjusted EPS. The railroad freight operator cautions that the collapse of Baltimore's Francis Scott Key Bridge in March could have a substantial financial impact on the company with losses ranging from $25 million to $35 million per month, as supply chains face significant disruptions. Market Domination's Julie Hyman and Josh Lipton break down the details, providing insights into other freight stocks feeling pressure from the bridge collapse. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
Merck is set to announce its first quarter financial results on Thursday, a month after the pharmaceutical company secured the approval of Winrevair, a new medicine that analysts expect to be a blockbuster. The Winrevair approval should help cushion the blow of the expiration of the patents protecting Merck’s blockbuster cancer medicine Keytruda, which poses a substantial threat to the company’s revenues. Merck shares have gained 16% in 2024, outpacing its peers in the which is up roughly 7%, and the broader up about 6%.
The BBC has released the first-look pictures of Dope Girls, a new British drama from Doctor Who and His Dark Materials studio Bad Wolf.
The former cast members are figuring out how to appropriately mark the upcoming anniversary without co-star Matthew Perry, according to reports by Us Weekly. The series finale of the television sitcom, titled The One Where They Say Goodbye, aired on NBC in the United States on 6 May 2004, when it was watched by 52.5 million viewers. Perry had famously battled drug and alcohol addiction for years, and in his 2022 memoir, he revealed he was taking 55 Vicodin pills a day during the show's heyday.
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