Shares of the video streaming giant are trading sharply lower after hours on Thursday amid signs that the company’s Covid-19-fueled growth is coming to an end. In the June quarter of Thursday, Netflix added 10.1 million new net subscribers, above the company’s forecast of 7.5 million, but fell short of …
Read More »Wall Street is optimistic about Dell’s spin-off of its VMware stake
Text size Denis Doyle / Bloomberg Analysts at JP Morgan and Morgan Stanley are optimistic about the announcement by Dell Technologies that it is considering a spin-off of its valuable 81% stake in VMware., It is now worth more than all of Dell’s market value. Dell shares (ticker DELL) rose …
Read More »News updates: Walmart will require all shoppers to wear skins
At the Roosevelt Field Mall in Garden City, New York, a sign is displayed requiring customers to wear masks when entering the store. Photo by Al Bello / Getty Images Text size Here’s what you need to know about the impact of Covid-19 to navigate the markets today. • Oklahoma …
Read More »Delta Air Lines shares rise after Wall Street still says it’s a buy
Text size A Delta Airlines plane is seen at the gate of Washington National Airport (DCA) on April 11, 2020 in Arlington, Virginia. Daniel Slim / AFP / Getty Images Wall Street is coming to the defense of Delta Air Lines, reiterating purchase recommendations after the airline reported second-quarter results …
Read More »Goldman Sachs earnings report: Shares soar after bank crushed estimates
Text size The Goldman Sachs building is seen in lower Manhattan Photograph by Spencer Platt / Getty Images Goldman Sachs Group has just reported an explosive quarter, thanks to an increase in trade and subscription, but Wall Street wonders how long the good times will last. The investment bank’s shares …
Read More »