Doordash stock tanks 14% as company misses earnings, says it expects further spending
The food delivery platform said it expects to spend “several hundred million dollars” on new initiatives and development in 2026.
Qualcomm reports earnings, revenue beat and issues strong forecast
Qualcomm is trying to prove that it has a role in the artificial intelligence boom, which to date has been dominated by Nvidia.
Lucid misses Wall Street expectations as problems continue with SUV launch
Lucid also said it has agreed to increase a term loan credit facility from $750 million to roughly $2 billion from Saudi Arabia’s Public Investment Fund.
Snap shares rocket 20% on strong forecast, $400 million Perplexity deal
Snap on Wednesday issued its third-quarter earnings, reporting revenue that beat analysts expectations and a $500 million stock repurchase program.
Robinhood doubles revenue as it beats third-quarter earnings expectations
CFO Jason Warnick said prediction markets and Bitstamp are generating about $100 million or more in annualized revenues.
Charts show recent stock volatility marks clear change of character from remarkably steady advance
If the market’s character truly is changing, we’ll see it reflected in these three technical indicators.
Trump nuclear power investment in Westinghouse could lead to IPO with U.S. government as shareholder
Nuclear technology company Westinghouse could spin out into an independent company under a Trump administration deal to build reactors.
Starbucks union authorizes open-ended strike as busy holiday season begins
Starbucks union baristas have voted to authorize an open-ended strike.
Tesla sales in Germany have cratered from last year, data shows
Elon Musk’s EV maker began selling a new, lower-cost version of its Model Y SUV in Germany during October.
Some bitcoin ‘whales’ may be selling, blockchain data indicates
On-chain data shows the number of crypto wallets holding large amounts of bitcoin is declining amid a sudden slump in digital assets, according to Citigroup.