After-Hours Stock Movers: Zoom (NASDAQ:ZM) shares fell 4% after it reported third quarter results and guidance that was slightly ahead of consensus views. Total revenue for the third quarter was $1,177.5 million, up 3.6% year over year. Agilent Technologies (NYSE:A) fell 2% despite reporting better than expected fourth quarter results, after it issued guidance that…
WASHINGTON (Reuters) – The National Highway Traffic Safety Administration said on Monday it will not reconsider a landmark rule finalized in April requiring nearly all new cars and trucks by 2029 to have advanced automatic emergency braking systems. The Alliance for Automotive Innovation, representing General Motors (NYSE:GM), Toyota Motor (NYSE:TM), Volkswagen (ETR:VOWG_p) and other automakers,…
Investing.com — Zoom Video Communications lifted its full-year guidance Monday after reporting third-quarter results that beat Wall Street estimates, underpinned by efforts to reduce churn and boost enterprise revenue. Zoom Video Communications Inc (NASDAQ:ZM) stock was down 1% in after-hours trading. The company reported adjusted Q3 EPS of $1.38 on revenue of $1.18 billion, beating estimates for EPS $1.31…
Investing.com — Stocks started the Thanksgiving week on the front foot, continuing a decades-long seasonal trend that could see the Santa rally into year-end kick into higher gear as it comes during a presidential year. “Thanksgiving week tends to have solid SPX returns and is even stronger in Presidential election years,” analysts from Bank of…
Investing.com– The Dow rose closed at a record high Monday as investors cheered President-elect Donald Trump nominating prominent investor Scott Bessent as Treasury Secretary. At 4.00 p.m. ET (2100 GMT), the Dow Jones Industrial Average rose 440 points, 1% to close at record of 44,736.57. The S&P 500 index rose 0.30%, and the NASDAQ Composite rose 0.3%. Wall…
MILAN (Reuters) – UniCredit CEO Andrea Orcel said the Italian government’s initial response to his bank’s unsolicited bid for rival Banco BPM is only natural as every change in the banking system needs careful assessment. After sparking a backlash in Germany in recent months by buying a stake in Commerzbank (ETR:CBKG), UniCredit on Monday drew…
Investing.com — The wave of bullish bets on the market has eased from the elevated levels last week, but remains above average, with U.S. equities continuing to hold top spot on the list of fashionable investing, analysts from Deutsche Bank (ETR:DBKGn) said in a recent note. “Our measure of aggregate equity positioning eased off last…
By Jody Godoy NEW YORK (Reuters) – Facebook owner Meta Platforms (NASDAQ:META) will face trial in April over the U.S. Federal Trade Commission’s allegations that the social media platform bought Instagram and WhatsApp to crush emerging competition, a judge in Washington said on Monday. The FTC sued in 2020, during the Trump administration, alleging the…
Investing.com — California Governor Gavin Newsom said he would propose reinstating the state’s electric vehicle (EV) subsidy if the Trump administration eliminates the $7,500 federal EV tax credit. The move underscores California’s commitment to advancing EV adoption, even without federal support. Newsom’s proposal would revive a program phased out in 2023 following the introduction of the…
(Reuters) – Starbucks (NASDAQ:SBUX) said the aftermath of a ransomware attack on a software supplier has been affecting its ability to pay baristas and manage their schedules, the company’s spokesperson said on Monday. The coffee giant said that an outage at a third-party vendor has disrupted a back-end Starbucks process that enables employee scheduling and…
