Deadpool & Wolverine has been a massive success at the box office, nearing the $900 million global mark in just its third week of release. The film, directed by Shawn Levy, has grossed $879.2 million worldwide, with $421 million coming from domestic and $458.2 million from international markets. It is projected that the film will
Earnings
Super Micro Computer, once a highflier in the AI industry, experienced a significant setback as its shares tumbled by 14% in premarket trading due to a faster-than-expected contraction in gross margin. The company reported an adjusted gross margin of 11.3% for the fourth quarter, down from 17% a year earlier, which fell below analysts’ expectations
Disney’s shares dropped by about 1% despite beating analyst expectations in their quarterly results. The media giant reported earnings of $1.39 per share and revenue of $23.16 billion. Airbnb: Revenue Guidance Disappoints Airbnb shares took a hit in the premarket, falling nearly 14% due to weaker-than-expected revenue guidance for the third quarter. The company projected
In the volatile world of the stock market, certain companies managed to stand out from the crowd and make significant gains during midday trading. One such company is Kenvue, the maker of Band-Aid bandages, which saw a substantial rally of 14% after exceeding analysts’ expectations for the second quarter. This success was driven by impressive
Disney recently announced that it will be increasing the prices of its streaming platforms, including Disney+, Hulu, and ESPN+. The price hikes, ranging from $1 to $2 more per month, will take effect in mid-October. This decision comes as Disney continues to emphasize bundle packages to offer its customers more value for their money. The
The U.S. markets opened on a somber note on Monday, with tech’s megacap companies experiencing a massive loss of about $1 trillion in market cap. This downturn deepened a downward spiral that had already sent the Nasdaq into correction territory the previous week. Nvidia, one of the leading chipmakers, saw more than $300 billion wiped
The cryptocurrency market experienced significant volatility as Bitcoin dropped below $50,000 for the first time since February. This led to a ripple effect on bitcoin-related companies, with names like Robinhood, MicroStrategy, Coinbase, and Marathon Digital all facing losses. Robinhood plummeted more than 10%, while MicroStrategy plunged more than 8%. This highlights how closely tied these
Warren Buffett, the renowned investor, made a bold move recently by cutting his significant stake in Apple by half. This decision sent shockwaves through the investment community and resulted in a major drop in Apple’s stock price. Berkshire Hathaway, the conglomerate owned by Buffett, disclosed in its earnings filing that the value of its Apple
The U.S. stock index futures took a significant hit in evening trading on Sunday due to concerns surrounding an economic slowdown. This was further compounded by profit-taking in the technology sector, leading to a decline in major indices. S&P 500 Futures dipped by 0.9% to 5,329.0 points, and Nasdaq 100 Futures saw a 1.4% drop
One of the top stock picks recommended by Wall Street analysts is Google parent Alphabet (GOOGL). This tech giant recently reported its second-quarter results, revealing the strength in its Search and Cloud businesses. However, the growth in YouTube advertising revenue slowed down in the quarter and missed analysts’ expectations. Despite this, BMO Capital analyst Brian
In the last quarter, Berkshire Hathaway’s cash pile swelled to a record $276.9 billion, marking a significant increase from the previous record of $189 billion set in the first quarter of 2024. This surge came as Warren Buffett, the Oracle of Omaha, sold off large portions of stock holdings, including a significant portion of his
Analysts from Bernstein have praised Apple’s fiscal Q3 performance by highlighting that the results were modestly ahead of consensus. They noted that revenues grew by 5% and services expanded by 14%. Moreover, Bernstein emphasized Apple’s strong free cash flow and its restrained capital expenditures, describing Apple’s approach as “capital-light” to mitigate overinvestment risks. Goldman Sachs
Chevron experienced a disappointing midday trading session, with stock slipping more than 3% due to second-quarter earnings missing Wall Street estimates. This news caused concern among investors, as adjusted earnings per share were reported at $2.55, lower than the $2.93 per share that analysts had expected. Additionally, revenue came in slightly higher than expected at
Berkshire Hathaway, under the wise leadership of CEO Warren Buffett, is on the verge of achieving a milestone that could shake the financial markets. The company’s cash pile is set to exceed $200 billion, surpassing the entire annual gross domestic product of Hungary. This impending feat comes amidst a rare move by Buffett to sell