(Bloomberg) Dell Technologies Inc put out its vision for the coming years, forecasting annual revenue growth of 3% to 4% through 2026, and unveiling a $5 billion share repurchase program.…
(Nike Inc) Nike Inc reported mixed financial results on Thursday, surpassing earnings-per-share estimates but slightly missing the analysts’ revenue expectations. The Oregon-based athletic apparel manufacturer posted $1.16 EPS on $12.2…
(WSJ) China has asked the local authorities to be ready for a potential downfall of Evergrande Group, remaining adamant against a bailout of the property developer. Beijing has urged the…
(BlackBerry) Blackberry Limited reported a net loss of $144 million in the second quarter of 2022, an increase from a loss of $23 million reported in the same period of last…
(Facebook) Mike Schroepfer, Facebook’s Chief Technology Officer, has announced that he is resigning from the role next year to take a ‘senior fellow’ position in the company. Andrew Bosworth, who…
(Financial Times) BlackRock and HSBC increased their holdings in Evergrande bonds a few months before the liquidity crisis hit the Chinese developer. Fig: Evergrande Bond Prices BlackRock, through its high-yield fund,…
(Cassava Sciences) Shares of Cassava Sciences were up more than 18% in premarket after its drug candidate simufilam showed breakthrough for mild to moderate forms of Alzheimer disease. In an…
(Seeking Alpha) China’s Evergrande shares at Frankfurt Stock Exchange rose 32% after its subsidiary Hengda Real Estate announced an interest payment due on Thursday. Hengda Real Estate unit said that…
(StreetInsider) The shares of Marin Software Inc. almost doubled in premarket trading after the company announced a revenue share agreement with search giant Google. Marin will develop Google’s enterprise tech…
(CNBC) Disney shares closed down 4.1% on Tuesday after CEO Bob Chapek said the company will add “low single-digit millions” of subscribers in the fourth quarter. Chapek expects the fresh…
(FedEx) FedEx Corp. reported a net income of $1.11 billion in the first quarter of 2022, a decline from $1.25 billion reported in the comparable quarter of 2021. The quarter…
(Adobe) Adobe, Inc. announced a net profit of $1.2 billion in the third quarter of 2021, an increase compared to $955 million in the same period last year. The company’s…