Tag: earnings
Stocks drop as unemployment spikes
Stocks fell in regular trading Friday, as all major American indices fell in the wake of a broadly negative jobs report. With more than 700,000 jobs lost in the March data, unemployment in the United States rose from 3.5% to 4.4%. The markets have been bracing for widespread job losses…
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Stocks fall sharply as U.S. government warns of hard weeks ahead
A recent redbound in domestic equity prices faded further into the distance today, as American stocks fell for a second consecutive day following modest Tuesday declines. After rising from new 52 week lows, all domestic indices after the American president warned of difficult weeks ahead as the country reels from…
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Stocks post worst quarter since 2008 financial crisis
The first quarter of 2020 ended with a whimper — with the Dow Jones Industrial Average, S&P 500 and NASDAQ posting their worst quarter in decades — as the COVID-19 pandemic continues to cause uncertainty and volatility across all major stock market indices. At the beginning of the quarter, we…
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Xiaomi reports Q4 revenue jump, beats estimates
Xiaomi ended 2019 on a high, reporting a 27.1% year-over-year jump in the fourth-quarter revenue aided by overseas expansion, beating analysts’ estimation. The Chinese giant said sales in the fourth quarter jumped to 56.5 billion yuan ($8 billion), up from 44.42 billion yuan in the same quarter a year before.…
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Stocks fall sharply Friday morning as the mid-week recovery falls short
The major American stock market indices are down sharply this morning at the open, with stocks falling after a multi-day rally helped shave some losses off their calendar-year results. So far, 2020 has proven to be a toxic year for publicly traded equity, as a decade-long bull market collided with…
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Slack’s slowing growth turns around as remote work booms
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. This morning we’re taking a look at Slack’s customer growth in the current moment compared to what we know about it historically. What we’d like to know is whether Slack’s…
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