News of New York

Robinhood revenues double, but company warns of slowdown in trading
19 August 2021
4034
Doubling revenues Shares in Robinhood fell 12% as a forecast slowdown in trading in the current quarter outweighed news that the company doubled its earnings in Q2. Online trading company Robinhood (HOOD) rep...
Revenue and profit: Nvidia, Cisco and Estee Lauder
19 August 2021
3933
Nvidia's earnings The world's largest maker of graphics microchips for video games and artificial intelligence chips for data centres Nvidia Corp (NASDAQ:NVDA) on Wednesday reported second-quarter revenue...
Chinese electric car maker Xpeng to double the capacity of its plant
19 August 2021
3628
Xpeng plants Shares in Xpeng (XPEV) rose following news of the company's plans to double its production capacity from 100,000 to 200,000 electric cars a year to increase competition with Li Auto, Nio and Tesla in C...
Lucid Motors shares fall after report
19 August 2021
3687
Fall after company report Shares in Lucid Motors (LCID) continued to decline on Tuesday after the electric car start-up, led by former Tesla chief technology officer, reported its quarterly results. Investors and analysts are finding it difficult to...
Robinhood shares up 5% as the ban on the company's earnings model is delayed by the authorities
16 August 2021
3821
All about Robinhood shares The Congress Finance Committee has shelved plans to ban Robinhood's earnings model, which has positively impacted shares. However, the risks of the ban have not been completely removed. Robinhood shares could also be affec...
Airbnb shares down 4%
13 August 2021
6521
Revenue and share price Airbnb reported a 300% increase in second-quarter revenues compared with the crisis period in 2020. The company's losses also fell more than Wall Street expected. Shares in Airbnb (ABNB), a digital platform for booking accom...
After the opening of Disney parks, the company's profits have risen
13 August 2021
4125
Disney's earnings and report Disney has reported reaching 116 million subscribers to its Disney streaming service, double last year's figure. Thanks, among other things, to the relaunch of Disneyland Parks, the company posted a 4...
Palantir shares up 9%
13 August 2021
4004
Share price, earnings and forecasts Data analytics company Palantir (PLTR) has released its second-quarter financial report, which pleased investors. Palantir's customer base is growing, allowing the company to scale. Palantir (PLTR) shares, up 18....
Nio reports 127% revenue growth and 112% growth in electric vehicle deliveries
12 August 2021
3789
Revenues and deliveries Nio released its second-quarter financial report on Wednesday, announcing an expansion of production capacity and plans to launch three new electric vehicles in 2022. Chinese electric car maker Nio (...
Coinbase reports profit growth despite bitcoin plunge
11 August 2021
3799
Coinbase's profits Cryptocurrency exchange Coinbase (COIN) reported growth in profits, trading volumes and user numbers, despite the bitcoin price dropping about 41% in the quarter. Coinbase expects trading volumes on i...
SoftBank dumps shares in Microsoft, Facebook, Alphabet and Netflix
11 August 2021
4243
Stock sell-off Softbank, the world-renowned Japanese investment bank, published its financial report for the quarter ended 30 June on Tuesday. In addition to lower profits, Softbank's report showed a sell-off in shares in Microsoft, Facebook, Alphab...
Shares in lithium producer Livent become more attractive after report
9 August 2021
3842
Livent's shares after report Livent (LTHM) shares rose 8.6% on Friday after the lithium producer raised its full-year earnings and revenue guidance. Livent is expanding its production capacity in the U.S. and ...
Berkshire Hathaway tells investors growth is back on track
9 August 2021
3643
Berkshire Hathaway's earnings Revenues at Warren Buffett's investment company, are up 22%, thanks to a rebound in growth at its subsidiaries in freight rail, energy and car sales. Berkshire Hathaway (BRK.A, BRK.B), the...
Uber shares fall after report of $250m loss on driver recruitment
5 August 2021
3945
Uber's business Uber shares fell after the report, repeating the trajectory of its smaller rival Lyft. Despite the good quarterly results, investors saw warning signs for the profitability of Uber's business. Uber Technologies (UBER) posted higher ...
General Motors shares fall sharply due to losses and plant closures
5 August 2021
3884
Losses and plant closures General Motors reported strong second-quarter results thanks to strong price increases for its pick-up trucks. However, the loss of $800m on the recall of nearly 69,000 Chevrolet Bolt EVs and the closure of GM factories due...
State of Nikola's shares to date
5 August 2021
3991
Nikola's shares Hydrogen-fuelled truck start-up Nikola reported its quarterly results on Tuesday, posting a loss and halving its year-end delivery forecast to just 25-50 units. Nikola (NKLA) is a developer and manufacturer of zero-emission battery-...
Second quarter earnings: CVS Health, Kraft Heinz, Procter Gamble and Nestle
4 August 2021
3957
Profit in the second quarter CVS Health Corp (NYSE:CVS) reported second-quarter results on Wednesday that beat analysts' estimates. The earnings figure beat forecasts. The company reported $2.42 earnings per ...
Lyft reports 125% year-on-year revenue growth
4 August 2021
6674
Revenue growth Lyft continues to recover from the pandemic, posting quarterly revenue growth of 125% and pre-tax profits. Despite a new increase in illness and concerns about the Delta strain "July was Lyft's best month since March 2020". Shares in...
Revenues and profits: Amgen, Activision Blizzard, Microchip, Ralph Lauren
4 August 2021
4007
Company reports Amgen released its second-quarter results on Tuesday, beating analysts' estimates. The earnings figure exceeded forecasts. The company reported earnings per share of $4.38 and revenues of $6.53B. Amgen's share price, up 6% this yea...
Marriott International's quarterly profit beat forecasts, revenue below expectations
4 August 2021
4062
Marriott revenue below expectations US-based Marriott International Inc (NASDAQ:MAR). the operator of the world's largest hotel chain, returned to profitability in the second quarter of 2021 amid renewed demand for summer travel. Accordin...
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Instagram
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Netflix
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Us Weekly
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