Apple Spikes as USTR Announces China Tariff Delay on Electronics

Shares of Apple spiked Tuesday after the US Trade Representative (USTR) Lighthizer announced a delay in additional tariffs on some Chinese imports such as components of cell phones, electronics, laptops, clothing and footwear until December 15. These tariffs were to take effect on September 1 and would have affected components [...]

Twitter Shares Surge After Strong Q2 Earnings

Twitter shares are surging higher today on the back of strong earnings and a larger-than-expected growth in its monetizable daily active usage (mDAU) data. mDAU for the 2nd quarter came in at 139million users, which was better than the 135 million users that analysts had been expecting, in data provided [...]
Alphabet (GOOGL) Jumps 11%, after Topping Top and Bottom Lines

Alphabet (GOOGL) Jumps 11%, after Topping Top and Bottom Lines

Alphabet (GOOGL) Q2 2019 earnings beat on both top and bottom lines expectations. GOOGL Management announced a $25 billion repurchase of its Capital C stock, the biggest in the Alphabet's history. Revenue grew by 20.8% to $31.7bn beating expectations of $30.8bn. EPS grew by 10.7% to $14.7 beating expectations of...

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Facebook Stock Down After $5billion FTC Settlement

Following an investigation conducted by the Federal Trade Commission into the Cambridge Analytica scandal and other complaints about infringements of users’ privacy, Facebook has reached a $5billion settlement with the organization. This is reportedly the 2nd highest fine ever paid by a tech company. In addition to paying this fine, [...]
Facebook (FB) Earnings Beat Expectations

Facebook (FB) Earnings Beat Expectations

Facebook reported 2Q results topping analysts’ expectations on earnings and revenue after the markets closed amid strong advertisement growth. Earnings came in at $1.99 cents per share vs. $1.88 per share, Revenue came in at $16.9 billion, vs. market consensus of $16.5 billion Daily active users met expectations of 1.59...

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Boeing Suffers Huge Earnings Miss

Boeing missed earnings estimates in its 2nd quarter earnings results released today, suffering its biggest quarterly loss in decades after the worldwide grounding of its 737 Max fleet. After reporting a loss of $5.82 per share (including charges accrued from the 737 Max) versus market estimates of a $1.85 loss [...]