Business

Snap Gets 10% Dead Cat Bounce

Snap Inc.'s (NYSE: SNAP) shares have been down, and by almost any measure should be. It posted terrible earnings. Several high-profile investors, particularly hedge fund operator Dan Loeb, have exited. Insiders ...
Read Full Story »

SORL Auto Misses Earnings, Could Use a Tune Up

SORL Auto Parts Inc. (NASDAQ: SORL) released its second-quarter financial results before the markets opened on Monday. Unfortunately, results were not up to par and investors sent the shares lower. ...
Read Full Story »

Zynerba Midstage Cannabinoid Trial Falls Short

Zynerba Pharmaceuticals Inc. (NASDAQ: ZYNE) saw its shares sink to a 52-week low after the firm announced results from its midstage trial evaluating ZYN002 (cannabidiol [CBD] gel) for the treatment ...
Read Full Story »

Nine Energy Gears Up for IPO

Nine Energy Service has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were given in the filing, ...
Read Full Story »

Netflix Tries to Even the Score With Disney

Last week's announcement by Walt Disney Co. (NYSE: DIS) that it would end its distribution agreement with Netflix Inc. (NASDAQ: NFLX) for Disney- and Pixar-branded movies set the streaming video ...
Read Full Story »

US Navy Preps for Drone Refueling Competition

In 2015, the U.S. Navy ended its test unmanned combat air system demonstration (UCAS-D) program and two prototype X-47Bs built by Northrop Grumman Corp. (NYSE: NOC) went into storage in ...
Read Full Story »

‘Dunkirk’ Ticket Sales Top $150 Million

Widely hailed World War II movie "Dunkirk" passed the $150 million domestic ticket sales level over the weekend, according to Box Office Mojo. Several other films posted lackluster performance. According ...
Read Full Story »

GoDaddy Dumps White Supremacy Site

GoDaddy Inc. (NYSE: GDDY) said it would purge a white supremacy site for which it holds the domain. According to a post by the company on Twitter: We informed The Daily ...
Read Full Story »

6 Most Important Things in Business Today

The European Union will tighten the screening process for foreign takeovers of companies, according to the Financial Times. Among the reasons may be a surge in China's mergers and acquisitions, ...
Read Full Story »

SpaceX to Send Supercomputer Into Space

SpaceX Technologies, an aerospace firm founded and led by Tesla founder and CEO Elon Musk, is set to launch a supercomputer into space Monday as part of a resupply mission ...
Read Full Story »

Hindus Want Kellogg to Stop Adding Beef to Cereal, Other Products

Hindus in the United States and India are reportedly seeking an apology from Kellogg Co. (NYSE: K) and the resignation of CEO John A. Bryant for failing to disclose the ...
Read Full Story »

If Kevin Kisner Wins The PGA, So Does TaxSlayer.com

Almost no one who follows professional golf knows Kevin Kisler, who currently leads the PGA, one of the sport's four major tournaments. If he does win, it will show how ...
Read Full Story »

Boeing Holds On as DJIA’s Best Performer in 2017

For the second week in a row, Boeing Co. (NYSE: BA) stock dipped week over week. Shares lost about 1.2% last week, on top of 1.65% in the prior week. ...
Read Full Story »

Why Home Depot Earnings Could Be the Silver Lining for Retail Stocks

Home Depot Inc. (NYSE: HD) is scheduled to release its most recent quarterly results before the markets open on Tuesday. The consensus estimates from Thomson Reuters call for $2.21 in ...
Read Full Story »

Tesla’s Junk Bonds as Hot as Tesla Stock

Tesla Inc.'s (NASDAQ: TSLA) offering of $1.5 billion in senior unsecured debt wasn't big enough for investors, so the company upped the sale to $1.8 billion to satisfy the demand. ...
Read Full Story »