Newsfeeds Archive - Page 28 of 319

2 minute read

Ford Stock Is Trading Higher Tuesday: What’s Going On?

April 23, 8:21 AM

Ford shares are trading higher Tuesday after General Motors raised its outlook for 2024. GM raised its adjusted earnings guidance from a range of $8.50 to $9.50 per share to a new range of $9 to $10 per share, versus estimates of $9.08 per share. GM also raised its adjusted automotive free cash flow guidance from a range of $8 billion to $10 billion to a new range of $8.5 billion to $10.5 billion.

2 minute read

Cleveland-Cliffs Q4 Earnings: Revenue Miss, EPS Miss, $1.5B Buyback And More

By Adam Eckert

April 22, 4:29 PM

Cleveland-Cliffs reported first-quarter revenue of $5.2 billion, which missed the consensus estimate of $5.346 billion, according to Benzinga Pro. The company reported adjusted earnings of 18 cents per share, which missed analyst estimates of 22 cents per share.

CLF

1 minute read

Matterport Stock Soars On CoStar Group Takeover Deal: The Details

By Adam Eckert

April 22, 10:29 AM

Matterport has entered into a definitive agreement in which CoStar Group will acquire all outstanding shares of Matterport in a cash and stock transaction valued at $5.50 per share, representing an equity value of approximately $2.1 billion and an enterprise value of approximately $1.6 billion.

MTTR

2 minute read

What’s Going On With Tesla Stock Monday?

By Adam Eckert

April 22, 9:31 AM

Tesla shares are trading lower Monday after the company reduced vehicle prices in the US, Germany and China. Tesla reportedly cut the revamped Model 3 prices by 14,000 yuan ($1,930) in China. In Germany, the price of the Model 3 rear-wheel-drive was reportedly lowered to 40,990 euros ($43,670.75) from 42,990 euros.

TSLA

2 minute read

Bitcoin Mining Stocks Are Rising Monday: What’s Going On?

By Adam Eckert

April 22, 9:18 AM

The halving is a programmed process in the bitcoin protocol that occurs every 210,000 blocks, or approximately every four years. On Friday, the bitcoin network completed its fourth halving event, marking a significant reduction in the amount of rewards miners receive for successfully mining transactions. Miner rewards were reduced from 6.25 bitcoin to 3.125 bitcoin.

BTC

2 minute read

Bitcoin-Linked Canaan Stock Is Moving Higher Monday: What’s Going On?

By Adam Eckert

April 22, 8:35 AM

Canaan chairman and CEO Nangeng Zhang and CFO James Jin Cheng have informed the company that they intend to use personal funds to jointly purchase at least $2 million worth of the company's Class A ordinary shares

CAN

1 minute read

Frontier Communications Stock Slides After Company Reveals Cyberattack: The Details

By Adam Eckert

April 18, 5:09 PM

Frontier said it detected that a third party had gained unauthorized access to portions of its information technology business on April 14. The company's response resulted in "an operational disruption that could be considered material."

FYBR

2 minute read

Intuitive Surgical Q1 Earnings: Revenue Beat, EPS Beat, Surgical System Installed Base Up 14% And More

By Adam Eckert

April 18, 4:44 PM

Intuitive Surgical reported first-quarter revenue of $1.89 billion, which beat the consensus estimate of $1.87 billion, according to Benzinga Pro.

ISRG

2 minute read

Bitcoin To $200K After Halving? SkyBridge’s Scaramucci Believes The Crypto Will Eclipse Gold Market Cap

By Adam Eckert

April 18, 2:17 PM

SkyBridge Capital's Anthony Scaramucci believes the upcoming Bitcoin (CRYPTO: BTC) halving could put the world’s largest crypto on a

BTC

2 minute read

What’s Going On With AMC Entertainment Stock?

By Adam Eckert

April 18, 12:39 PM

Wedbush analyst Alicia Reese maintained AMC with a Neutral rating and cut the price target from $6 to $4. Interestingly enough, the analyst actually raised estimates for the first quarter, citing better box office trends.

AMC