Health insurer Cigna Group raised its annual profit forecast on Thursday, as lower-than-expected medical costs and strength in its pharmacy benefit management unit helped it beat first-quarter earnings estimates.
Last year, Netflix made a particularly risky bet by pushing users who share passwords to create their own accounts — but it’s paid off. Netflix, the dominant player in streaming, added more than 9 million subscribers in the first three months of the year, hitting a record high of 269.6 million subscribers. “It added more subscribers than many analysts, myself included, expected,” said eMarketer senior analyst Ross Benes. “This signals that password sharing was even more common than...
Microsoft outpaced expectations for its third-quarter revenue and profit, unveiled on Thursday. This success was largely fueled by the integration of artificial intelligence (AI) across its cloud services, propelling its shares to surge by more than 4 per cent during extended trading.
TOKYO (AP) — Asian shares were trading higher Monday amid optimism over the rally that ended the week on Wall Street, although eyes were on the Federal Reserve policy meeting set for later this week.
US stocks endured a difficult week with technology stocks and small caps particularly in the firing line amid disappointing news from the chip sector, escalating tensions in the Middle East and th
Richmond ranked behind several southwestern cities like Austin, Dallas and Oklahoma City, as well as four Florida cities -- Miami, Tampa, Orlando and Jacksonville. The top-ranked city was Salt Lake City, Utah.
Asian stocks rose on Wednesday, tracking Wall Street, as an after-hours surge in shares of EV maker Tesla following its promise of new models, and upbeat earnings from some US companies lifted risk sentiment. The yen was rooted near 34-year lows, keeping traders wary of possible intervention from Tokyo. MSCI’s broadest index of Asia-Pacific shares […]
Netflix made some risky moves last year but it seems to have paid off.
Apple, Inc. posted a year-over-year decline in revenue in its fiscal second-quarter earnings report after the bell on Thursday but still beat Wall Street's expectations. The tech giant's sales fell 4.3% from the prior year, coming in at $90.75 billion. Analysts anticipated $90.01 billion. IPhone sales fell 10.5% to $45.96 billion, in line with expectations. Apple executives said in February the previous year's fiscal second quarter had benefited from a $5 billion surge in iPhone sales as the...
Coinbase Global Inc. posted higher-than-forecast first-quarter revenue and profit as a resurgence in cryptocurrency prices reawakened demand from individual investors.
Gross dollar volume, the value of all transactions processed on Mastercard's platform, rose 10% to $2.3 trillion. Cross-border volume, which tracks spending on cards outside of the country of their issue, rose 18%. The payments technology industry is gearing up for a seismic shift following Capital One's $35.3 billion deal to acquire Discover Financial.