Zoom stock ticks higher as earnings and forecast top expectations
Zoom Video Communications Inc.’s stock rose in extended trading Monday, after the videoconferencing company beat financial expectations.
Activist Investor Calls on Yelp to Explore Sale
TCS Capital Management has built a stake in Yelp and is calling on the service-recommendation site to explore strategic alternatives.
TikTok Sues Montana Over State’s Ban of Its Service
The legal action comes days after some of the platform’s users sued the state’s attorney general, arguing the law violated the First Amendment.
Adani Companies’ Shares Rise for Second Straight Day
Shares of companies in the Adani group rose sharply for a second day on Tuesday, amid buoyant investor sentiment, after a panel appointed by India’s Supreme Court found no evidence of price manipulation as alleged by a short seller earlier this year.
Qantas Expects Large Underlying Profit as Air Travel Recovers
Australia’s biggest airline, Qantas, expects a large underlying profit for the 2023 fiscal year and is increasing a share buyback as air travel continues to rebound after the Covid-19 pandemic.
Disney Parks Chair Says Florida Headlines Haven’t Hurt Business
The fight between Florida Gov. Ron DeSantis and Walt Disney hasn’t impacted business results, the company said Monday.
JPMorgan raises net-interest-income guidance to reflect $3 billion bump from First Republic Bank takeover
JPMorgan Chase & Co. raised its net-interest-income guidance on Monday by $3 billion to reflect the bump it will get from its takeover of First Republic Bank.
GM Is Making an EV Out of an Iconic Cadillac
The Cadillac Escalade is going electric. GM announced an battery-powered version of its huge, luxury SUV on Monday.
Meta Fined $1.3 Billion Over Data Transfers to U.S.
The record privacy penalty by the EU puts pressure on Washington to complete a deal that would allow Meta to send user data stateside.
Chevron Doubles Down on Shale With $6.3 Billion Deal
The oil giant is acquiring PDC Energy, which holds stakes in Texas and Colorado.
Source: Dow Jones Newswires