The PayPal application on an Apple iPhone. Andrew Harrer | Bloomberg | Getty Images Shares of PayPal fell as much as 6% in after-hours trading after the payments giant missed Wall Street’s estimates for second-quarter revenue and lowered its full-year guidance. PayPal’s revenue for the quarter rose to $4.31 billion, up 12% from a year
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Apple CEO Tim Cook delivers the keynote address during the 2019 Apple Worldwide Developer Conference (WWDC) on June 03, 2019 in San Jose, California. Justin Sullivan | Getty Images After Apple‘s 30% surge this year so far, the tech giant still has room to run with the upcoming earnings release likely to push the stock
Michaela Rehle | Reuters Big cap technology stocks hit an all-time high Tuesday, aided by a rebounding semiconductor sector amid some signs of progress in the trade war between the U.S. and China. The Technology Select SPDR Fund ETF, XLK representing the technology sector within the S&P 500, rose to a record $82.15 at the
A banner for Snap Inc. hangs on the facade of the the New York Stock Exchange on the eve of the company’s IPO in New York. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Shares of technology companies Facebook, Alphabet and Amazon all fell more than 1% after the U.S.
People walk past an AT&T store in New York on October 23, 2016. Kena Betancur | AFP |Getty Images A multi-million-dollar case involving stolen cryptocurrency filed against AT&T is moving forward. A federal judge in Los Angeles, California rejected the telecommunications giant’s request to dismiss a suit filed by Michael Terpin last year for enabling
President Donald Trump and the Prime Minister of the Islamic Republic of Pakistan, Imran Khan, speak to the media in the Oval Office at the White House on July 22, 2019 in Washington, DC. Mark Wilson | Getty Images Pakistani Prime Minister Imran Khan’s three-day visit to the U.S. is not likely going to do
TD Ameritrade traders on the floor of the New York Stock Exchange. Adam Jeffery | CNBC Check out the companies making headlines after the bell: TD Ameritrade gained nearly 2% in after-hours trading before losing those gains and falling a fraction of 1%. The financial services company reported third-quarter results that beat estimates and announced
The “Options Action” traders share three options trading strategies to kick off the week. Mike Khouw illustrated a call calendar in Facebook. Dan Nathan broke down a put spread in Tesla. Karen Finerman looked into a risk reversal in Foot Locker. Disclosure Trader disclosure: Dan is Long EA July / Sept call calendar. DIS July /
Chairman of the China Securities Regulatory Commission Yi Huiman presides over the launch ceremony of the SSE STAR Market or its Nasdaq-style tech board during the 11th Lujiazui Forum 2019 on June 13, 2019 in Shanghai, China. Zhang Hengwei | China News Service | VCG via Getty Images China is trying again to boost the
One of Wall Street’s biggest long-time bears is painting a painful picture for stocks as earnings season goes into full gear. Gluskin Sheff’s David Rosenberg warns earnings are “rolling over” and ominous economic data suggests the economy is on the brink of a recession. “Maybe a recession is not here. But it’s certainly suggesting of