News
Over Half a Trillion Dollars Was Spent on Apple's App Store Last Year
Apple (NASDAQ: AAPL) published a press release on Monday detailing milestone performance for its App Store in 2019. The announcement cited an independent study conducted by Analysis Group, which
This Acquisition by Fanduel's Parent Company Is Creating an Online Gambling Monster
Competition in the online gambling industry is heating up. In 2018, the U.S. Supreme Court cleared the way to allow legal sports gambling, and many states have already changed their local laws to
IBM To Acquire Spanugo
International Business Machines (NYSE: IBM) announced Monday that it will acquire the assets of Spanugo. Based in Santa Clara, Calfornia, Spanugo gives clients the capability to run workloads in the
Tesla Upgrades Model S Long Range Plus to Become First Electric Vehicle With EPA-Rated Range Over 400 Miles; Slashes Price $5,000
North American models of the Model S Long Range Plus are going farther than any electric vehicle has gone before -- and for less money, too. Tesla (NASDAQ: TSLA) revealed in a blog post on its
Walmart's Tapping Shopify Sellers to Compete With Amazon
Walmart (NYSE: WMT) and Shopify (NYSE: SHOP) are teaming up to give select Shopify sellers the ability to list items on Walmart.com. Walmart's online marketplace is growing quickly -- faster than
Axon Enterprise Goes to Market With New Stock Flotation
Axon Enterprise (NASDAQ: AAXN) is in capital-raising mode. The law enforcement equipment supplier announced that it has launched a public offering of 3 million shares of its common stock. In its
Why Centennial Resource Development Shot Higher Early on June 16
Shares of onshore U.S. exploration and production company Centennial Resource Development (NASDAQ: CDEV) shot higher at the open Tuesday, gaining nearly 20% in the first few minutes of the trading
May Retail Sales Make Record Jump
Customers are desperate to get back to spending. That became obvious when the U.S. Department of Commerce released May retail sales numbers Tuesday morning, showing a 17.7% surge in retail sales.
United Gets Tough on Passengers Who Don't Wear Face Masks
United Airlines Holdings (NASDAQ: UAL) said Tuesday it would ban passengers who refuse to wear face masks on flights, part of a broader effort by major airlines to crack down on travelers not taking
Will Netflix Stock Burn Investors Next Month?
One of this year's more compelling comeback stories is Netflix (NASDAQ: NFLX). The leading premium streaming video service saw its shares come under pressure last year when rival platforms entered
Why Nikola Stock Is Down Today
Shares of electric-truck start-up Nikola (NASDAQ: NKLA) were trading lower on Tuesday, after the company notified regulators that a whole lot of stock held by insiders could hit the market before
Why Clear Channel Outdoor Holdings Stock Was Rising Today
Shares of Clear Channel Outdoor Holdings (NYSE: CCO) were going up on Tuesday, a day after the company announced it amended its credit agreement. By itself, that news probably isn't enough for the
Investing Lesson: How I Made a 250% Return in MercadoLibre Stock
As an investor starting out, it's hard to differentiate good investments from the great ones. But as investors gain more experience, it becomes easier to recognize the gems. Finding great stocks is
Nikola Insiders File to Sell 53.4 Million Shares
Electric truck manufacturing start-up Nikola Corporation (NASDAQ: NKLA) saw its stock rocked in after-hours trading Monday. Immediately after the company filed notice with the SEC of insider
Why Ford Stock Is Rising Today
Shares of Ford Motor Company (NYSE: F) are rising today, up by 4% as of 10:15 a.m. EDT, amid a broad market rally following a report that U.S. retail sales rose much more than expected in May.
The
Tanger Factory Outlet Says Weekly Traffic Is at 90% of Year-Ago Levels
In a sign that consumers are coming back, Tanger Factory Outlet Centers (NYSE: SKT) said in a business update that 90% of its occupied stores are now open where in-store retail has been allowed
Report: Chesapeake Energy is on the Verge of Filing for Bankruptcy
Chesapeake Energy (NYSE: CHK) is preparing to file for bankruptcy within the next week, according to a report by Reuters. The company could file as soon as Thursday, though it's negotiating with
T-Mobile Users Suffered 12-Hour Voice and Text Outage On Monday
The T-Mobile (NASDAQ: TMUS) network suffered a long outage on Monday. Millions T-Mobile and Sprint subscribers across the country were unable to make or receive voice calls and SMS texts for a
Big Lots May Buy Back Stock With Sale-Leaseback Proceeds
Off-price retailer Big Lots (NYSE: BIG) announced it has completed the $725 million sale-leaseback transaction for four of its distribution centers and is ready to use a portion of the proceeds from
Moderna Seals Deal to Supply Israel with Coronavirus Vaccine
Many of the companies working to develop SARS-CoV-2 coronavirus vaccines aren't waiting around for clinical trials to be complete or government regulators to give their approval. They're ramping up
These 4 Companies Will Be the Biggest Winners If Manufacturing Moves Back to the U.S.
The negative effects of the U.S. trade conflict with China and the COVID-19 pandemic have put reshoring firmly on the agenda for many manufacturing companies. After all, if you've been hit with
Why ExxonMobil Stock Jumped 5% This Morning
Shares of integrated energy giant ExxonMobil (NYSE: XOM) rose 5% out of the gate on June 16. That's the exact opposite of how the day started out on June 15, when the stock dropped sharply at the
Why NIO Stock Is Up Today
Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were trading higher on Tuesday morning, after the company announced that it successfully raised over $400 million via a secondary stock
Big Lots Says Sales Growth Is Spiking Through Mid-June
On Tuesday, Big Lots (NYSE: BIG) issued an encouraging operating update as part of its announcement that it has raised over $500 million in cash.
The home furnishings retailer said comparable-store
McDonald’s U.S. Comps Sharply Rebound as International Markets Lag
The second quarter looks like it's shaping up to be a horrible one for McDonald's (NYSE: MCD), as the fast food giant reported comparable store sales have plunged 30% so far in the period.
Yet it