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Industry Keyword: Wall Street

HomeKeywords:Wall Street

Jack Dorsey’s Block beats profit estimates

Block Inc, the payments company of Twitter Inc founder Jack Dorsey, posted better than expected fourth-quarter profit thanks to a highly volatile bitcoin market and booming online retail, sending its shares soaring. The company, which...

EBay forecasts bleak quarter as pandemic-driven online demand wanes

EBay Inc has forecast bleak first-quarter results, as the e-commerce platform tackles waning online demand, stiff competition and global supply chain disruptions, sending the company's shares down nearly 9%. E-commerce companies raked in large profits...

Growth stocks still not cheap, cautions JPMorgan

Tech-dominated "growth" stocks are still not cheap despite some sharp falls over the last six months, analysts at US investment bank JPMorgan has cautioned. The so-called FAANGs have seen some of their COVID-era surges cut...

NYSE moves closer to NFT trading with trademark application

The New York Stock Exchange has filed an application to register the term "NYSE" for a marketplace for non-fungible tokens (NFTs), taking a step closer to setting up an online trading place for cryptocurrencies...

Roblox quarterly bookings disappoint as gaming frenzy wanes

Gaming platform Roblox Corp has missed Wall Street estimates for quarterly bookings as the pandemic-driven frenzy for its video games waned, sending its shares down more than 13% in extended trading. Increased outdoor activities since...

Twitter misses ad revenue and user growth estimates; revenue forecast light

Twitter Inc reported weaker-than-expected quarterly advertising revenue and user growth and forecast revenue short of Wall Street targets, indicating that its turnaround plan has yet to bear fruit. Still, the social networking site said it...

How a China-based dealmaker got shell company for Trump’s deal off the ground

A China-based financier, once reprimanded by US regulators and barred from taking his company public, played a bigger role than is publicly known in the shell company that agreed to merge with former President...

Disney+ streaming growth, park revenue boost shares

Walt Disney Co's Disney+ subscriber growth restored faith in the future of streaming video and strong attendance at US theme parks added luster to its quarterly results, lifting shares 8% after hours Wednesday. Disney Chief...

Uber posts profit as ride demand recovers, delivery remains strong

Uber Technologies has reported its second quarterly operating profit as demand for its ride-hailing service approached pre-pandemic levels and its food delivery business turned profitable for the first time. Shares were up nearly 6% in...

Streaming view rests on The Beatles and Boba Fett as Disney reports results

When the Walt Disney Co reports its holiday-quarter results later today, Wall Street analysts will study whether the popular Star Wars bounty hunter Boba Fett, The Beatles and Marvel superhero Hawkeye reignited subscriber growth...

Tech, growth shares shine in Amazon-led rebound after Meta rout

Growth and technology stocks rebounded late last week, as traders weighed stellar results from Amazon.com Inc against an unexpectedly strong US employment number that propelled Treasury yields higher. The Nasdaq Composite index, which is heavy...

Alphabet eyes $2 trillion value after blowout results

Google parent company Alphabet advanced nearer to joining peers Apple and Microsoft in the elite $2 trillion market valuation club as the search giant's shares surged more than 8% following a blowout quarterly report. Last...