Coverage: Snap’s stock rises after smaller loss, higher revenue
Snap Inc. posted record revenue in its latest quarter and narrowed its loss considerably, as the social-media firm rode a boom in online advertising to inch closer to profitability. Georgia Wells of The Wall Street Journal had the news: Snap shares jumped immediately following the company’s report late Tuesday. Snap said its revenue rose 36% to $389.8 million […]
Talking Biz News Today — Feb. 6, 2019
Some of Wednesday’s top business news stories: Associated Press A hill of beans: Soybeans upstage trade talks, by Paul Wiseman Retail group forecasts solid retail sales growth for 2019, by Anne D’Innocenzio Bloomberg Here are the finance firms cutting jobs after turmoil in markets, by Shelly Hagan Greed is back as debt markets face an $8.6 trillion hangover, […]
Coverage: Bond king Bill Gross is retiring
Bill Gross, the one-time bond king who built investing giant Pimco from the ground up 48 years ago then went on to run his own fund at Janus Henderson, announced his retirement Monday. Jeff Cox of CNBC.com had the news: The retirement, effective March 1, marks the end of an era, closing a career for a […]
Talking Biz News Today — Feb. 5, 2019
Some of Tuesday’s top business news stories: Associated Press Five reasons why autonomous cars aren’t coming anytime soon, by Tom Krisher Corn syrup in beer: It’s for fermenting, not as a sweetener, by Candice Choi Bloomberg Alphabet profits slide as Google costs march upwards, by Gerrit De Vynck Super Bowl ad sales decline along with TV audience, […]
Coverage: January job growth blows away expectations
The U.S. economy blew away expectations for employment growth in January, adding 304,000 jobs amid the government shutdown and ongoing trade turmoil, and easing fears that a deep slowdown — or even a recession — is on its way. Danielle Paquette and Heather Long of The Washington Post had the news: January marked the 100th straight month of […]
Talking Biz News Today — Feb. 4, 2019
Some of Monday’s top business news stories: Associated Press Set against a shaky global picture, US economy looks sturdy, by Christopher Rugaber Pass it on: Work-life advice from Twitter curation director, by Barbara Ortutay Bloomberg Behold the power of a Super Bowl ad, by Tara Lachapelle Asian stocks lot set for gains; dollar steady, by Cormac Mullen Fortune GM […]
Coverage: Intel names its interim CEO to the permanent role
Intel Corp.’s stock slid Thursday after the chipmaker named interim CEO Robert Swan to the position permanently, ending a months-long search following the ouster of Brian Krzanich for what it called a “consensual relationship” with an employee. Jordan Novet and Sara Salinas of CNBC.com had the news: Swan, 58, has been interim CEO for seven months and chief financial officer […]
Coverage: The Fed is slowing down on interest rate hikes
The Federal Reserve Board on Wednesday signaled its three-year-drive to tighten monetary policy may be at an end amid a suddenly cloudy outlook for the U.S. economy due to global headwinds and impasses over trade and government budget negotiations. Howard Schneider and Jason Lange of Reuters had the news: As it held interest rates steady, the U.S. central […]
Talking Biz News Today — Jan. 31, 2019
Some of Thursday’s top business news stories: Associated Press Trump Organization to use E-Verify for worker status checks, by Bernard Condon E-cigs outperform patches and gums in quit-smoking study, by Matthew Perrone Bloomberg Facebook shares surge as sales, profit beat Wall Street estimates, by Sarah Frier Apple is planning 3-D cameras for iPhones in AR push, by Mark Gurman and Debby […]
Coverage: Apple’s service business grows while iPhone slips
Apple Inc. reported sharp growth in its services business and Chief Executive Tim Cook said trade tensions between the United States and China were easing, helping the technology company’s shares up after hours. Stephen Nellis of Reuters had the news: Apple said sales for the current quarter would most likely be lower than Wall Street expected, […]
