Affirm stock soars 34% after earnings ‘put to bed some persistent bear themes’

Affirm stock soars 34% after earnings 'put to bed some persistent bear themes'

Shares of Affirm Holdings Inc. surged in after-hours trading Thursday after the buy-now pay-later company delivered a revenue beat and sought to reassure investors about its positioning in a downturn. Revenue at Affirm AFRM, +23.31% increased to $354.8 million in the fiscal third quarter from from $231 million a year before, while analysts had been … Read more

Elon Musk’s Belated Disclosure of Twitter Stake Triggers Regulators’ Probes

Elon Musk's Belated Disclosure of Twitter Stake Triggers Regulators' Probes

WASHINGTON—Federal regulators are investigating Elon Musk’s late disclosure last month of his sizable stake in Twitter Inc., TWTR -2.48% according to people familiar with the matter, a lag that allowed him to buy more stock without alerting other shareholders to his ownership. The Securities and Exchange Commission is probing Mr. Musk’s tardy submission of a … Read more

Elon Musk’s Belated Disclosure of Twitter Stake Triggers Regulators’ Probes

Elon Musk's Belated Disclosure of Twitter Stake Triggers Regulators' Probes

WASHINGTON—Federal regulators are investigating Elon Musk’s late disclosure last month of his sizable stake in Twitter Inc., TWTR -2.48% according to people familiar with the matter, a lag that allowed him to buy more stock without alerting other shareholders to his ownership. The Securities and Exchange Commission is probing Mr. Musk’s tardy submission of a … Read more

Beyond Meat’s stock slides 20% on weak sales, heads lower than IPO price for first time

Beyond Meat's stock slides 20% on weak sales, heads lower than IPO price for first time

Beyond Meat Inc.’s not-so-good 2022 took an ugly turn for the worse Wednesday with quarterly results that lacked sizzle. The maker of plant-based meat products BYND, -13.83% reported a net loss of $100.5 million, or $1.58 a share, compared with a net loss of $27.3 million, or 43 cents a share, in the same quarter … Read more

CDC study highlights speed with which omicron variant infected Americans, and WHO warns testing is still crucial

CDC study highlights speed with which omicron variant infected Americans, and WHO warns testing is still crucial

A report from the Centers for Disease Control and Prevention is highlighting just how many Americans have been infected with COVID-19, and how significantly the number has increased since the arrival of the highly infectious omicron variant late last year. The report published on Tuesday found case numbers were particularly striking in children, with three … Read more

UK adds nine more COVID symptoms to official list as its struggles with record case load

UK adds nine more COVID symptoms to official list as its struggles with record case load

The official list of symptoms of COVID-19 has been expanded in the UK, where cases are currently running at the highest level since the start of the pandemic. The National Health Service added nine new symptoms to the list of just three, including sore throat, fatigue and headache, as the Guardian reported. About1 in 13 … Read more

SEC Proposes New Disclosure Requirements for SPACs

SEC Proposes New Disclosure Requirements for SPACs

WASHINGTON—Federal regulators proposed a bevy of new requirements for special-purpose acquisition companies, or SPACs, and their takeover targets amid widespread concern that the vehicles skirt important investor protections. The Securities and Exchange Commission advanced a set of rules Wednesday that, if implemented, would make it harder for SPACs to raise money from investors and execute … Read more

Robinhood extends trading hours from 7 am to 8 pm — 3 rookie mistakes when trading stocks after hours

Robinhood extends trading hours from 7 am to 8 pm --- 3 rookie mistakes when trading stocks after hours

At 7 am, it can be the time for a morning coffee while 8 pm can be time to have supper, watch your favorite television shows, or even enjoy a glass of wine. If you have a Robinhood account, it’s also becoming a time to play the stock market during extended trading hours — but … Read more

Micron Stock Is Rallying. Earnings and the Outlook Were Strong.

Micron Stock Is Rallying.  Earnings and the Outlook Were Strong.

Text size Shares of memory-chip maker Micron were up nearly 3% on Tuesday, in advance of the earnings report. Dreamstime Memory chip maker Micron Technology posted better-than-expected results for its latest quarter on Tuesday. The firm also provided an optimistic outlook that exceeded Wall Street’s estimates, as pricing improved across the company’s product portfolio. Micron … Read more

Micron Stock Is Rallying. Earnings and the Outlook Were Strong.

Micron Stock Is Rallying.  Earnings and the Outlook Were Strong.

Text size Shares of memory-chip maker Micron were up nearly 3% on Tuesday, in advance of the earnings report. Dreamstime Memory chip maker Micron Technology posted better-than-expected results for its latest quarter on Tuesday. The firm also provided an optimistic outlook that exceeded Wall Street’s estimates, as pricing improved across the company’s product portfolio. Micron … Read more