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Though billionaire investor Mark Cuban has warned people to be cautious with cryptocurrency, he recently said digital assets — from digital goods to cryptocurrencies like bitcoin — will be the future of business. And Cuban has invested in cryptocurrency himself, both in business and personally. In fact, Cuban has an extensive cryptocurrency wallet, which he shared on
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Evan Spiegel, CEO of SNAP Inc. Stephen Desaulniers | CNBC Snap’s stock fell as much as 10% in after-hours trading on Thursday after the company reported its fourth-quarter earnings despite beating Wall Street’s expectations on earnings, revenue and user growth. But the company provided a first-quarter adjusted EBITDA forecast that was much lower than analysts’
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Unity CEO John Riccitiello speaks onstage during Day 1 of TechCrunch Disrupt SF 2018 at Moscone Center on September 5, 2018 in San Francisco, California. Steve Jennings | TechCrunch | Getty Images Unity Software shares fell as much as 16% in extended trading on Thursday after the video game engine developer provided a forecast that
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A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning that Pinterest makes its initial public offering on April 18, 2019. Spencer Platt | Getty Images Pinterest reported fourth-quarter financial results Thursday that beat on both the top and bottom lines and showed strong user growth.
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Peloton Interactive Inc. stationary bicycles sit on display at the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. Jeenah Moon | Bloomberg | Getty Images Peloton on Thursday reported quarterly sales growth of 128%, marking its first billion-dollar quarter, as the momentum keeps climbing for the at-home fitness equipment
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When Mark Cuban first started trading stocks, he learned some “expensive lessons.” That’s why he says it’s important to assess your personal financial situation before trading or investing in the market, he said. “If you are buying [a stock] because you need the price to go up and solve a financial hole you are in,
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Shoppers pass a Coach display in Macy’s, New York. Scott Mlyn | CNBC Coach-owner Tapestry said Thursday its sales fell 7% during the holiday quarter as the retailer tries to claw its way back from the losses seen during the pandemic. The company appeared more optimistic, however, about shopper demand strengthening later this year, but
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People volunteer for Covid-19 surveillance testing using the Quest Diagnostics self administered PCR test on on July 12, 2020 in Livingston, Montana. William Campbell | Getty Images Quest Diagnostics said Thursday that continued high demand for Covid-19 testing helped drive record revenue and earnings for the company in the fourth quarter and throughout 2020. While
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Signage is displayed outside a Yum! Brands Inc. Taco Bell and Kentucky Fried Chicken (KFC) restaurant in Louisville, Kentucky, U.S., on Thursday, Jan. 30, 2020. Luke Sharrett | Bloomberg | Getty Images Yum Brands on Thursday reported quarterly earnings and revenue that topped analyst predictions, despite international dining room closures weighing on same-store sales growth
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Qualcomm reported first quarter earnings after the bell Wednesday. Adjusted earnings beat expectations but Qualcomm’s sales were slightly lower than what Wall Street expected, sending the stock down over 7% in extended trading. Here’s how Qualcomm did, compared to Refinitiv consensus estimates: Earnings: $2.17 per share, adjusted, versus $2.10 estimated Revenue: $8.23 billion, adjusted, versus
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Amazon announced in its earnings report for the fourth quarter of 2020 that Amazon Web Services CEO Andy Jassy will replace Jeff Bezos as Amazon CEO during the third quarter of this year. Bezos will become executive chairman. The company also delivered its largest quarter by revenue of all time at $125.56 billion, pushing it
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A customer wearing a protective mask enters a Chipotle Mexican Grill Inc. restaurant in San Francisco, California. . David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill on Tuesday reported that its same-store sales rose more than 5% in its latest quarter, fueled by higher digital orders and the return of carne asada.
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Going green is increasingly becoming a way to make bank.  Elon Musk, the CEO of Tesla, is the richest of the billionaires who owe their fortune to technologies that reduce carbon emissions in the atmosphere, according to an analysis by Bloomberg Green that was published Tuesday. A full $180.7 billion of Musk’s $199.2 billion net
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A sign is seen at the entrance of the ExxonMobil Port Allen Lubricants Plant in Port Allen, Louisiana, November 6, 2015. Lee Celano | Reuters Exxon Mobil said Tuesday it lost $20.1 billion during the most recent quarter, its fourth-straight quarter of losses as the energy giant grapples with the pandemic’s impact on the industry.
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Google CEO Sundar Pichai Getty Images Alphabet, the parent company of Google, will report fourth-quarter earnings after the bell on Tuesday. Investors will be looking for strong advertising growth after a blowout quarter in Q3, where chief financial officer Ruth Porat said user behavior to various Google properties were returning to “normalized levels” following the
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Investor Mark Cuban made billions of dollars during the dot-com boom by hedging his portfolio after selling his company, Broadcast.com, to Yahoo in 1999 for $5.7 billion in stock. But Cuban wasn’t always an expert investor. In fact, “I learned some expensive lessons when I first started trading stocks,” Cuban said Tuesday during an “Ask
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In recent weeks, a group of retail traders on Reddit forum r/WallStreetBets rallied together to invest in GameStop after a few Wall Street hedge funds bet against the video game retailer. Along with it, other shorted stocks, like AMC Entertainment and BlackBerry, were targeted too. With the trading frenzy, some hedge funds faced big losses – but the
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A driver for an independent contractor wears a protective mask while operating a delivery truck to delivery N95 respirator masks outside a United Parcel Service Inc. (UPS) Ground sorting facility in Louisville, Kentucky, U.S., on Monday, April 13, 2020. Luke Sharrett | Bloomberg | Getty Images Shares of UPS rose more than 4% on Tuesday
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Empty vials of the Pfizer COVID-19 vaccine are seen at a first come first serve drive-thru vaccination site operated by the Lake County Health Department on January 28, 2021 in Groveland, Florida. Paul Hennessy | NurPhoto | Getty Images Pfizer expects to sell about $15 billion in coronavirus vaccine doses this year, the company announced
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