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Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018.Anushree Fadnavis | ReutersBlock executives no longer want the firm to be seen as a payments pure play.The San Francisco-based company held its first investor day in five years Wednesday, where the C-suite made its case to Wall Street that the money app, along with its crypto and music-streaming businesses, should be valued as an "ecosystem" instead."Calling Block a payments…

This company got off to a solid start this year, reporting at the end of last month a strong first-quarter earnings beat and a full-year outlook raise. This company got off to a solid start this year, reporting at the end of last month a strong first-quarter earnings beat and a full-year outlook raise. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is…

Shoppers walk in front of a Target store at the Lycoming Crossing shopping plaza in Muncy, Pennsylvania.Sopa Images | Lightrocket | Getty ImagesCheck out the companies making headlines in midday trading.Target – Shares plunged 25.6% after the retailer reported disappointing quarterly results, citing high fuel costs and inventory troubles. Target posted an adjusted quarterly profit of $2.19 per share, below the $3.07 Refinitiv consensus estimate. The big-box retailer reported lower-than-expected sales of discretionary…

Jim Cramer says the retailers should have preannounced the bad news. Jim Cramer says the retailers should have preannounced the bad news. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials,…

Check out the companies making headlines before the bell:Target (TGT) – Target plummeted 22.1% in the premarket after the retailer reported an adjusted quarterly profit of $2.19 per share, below the $3.07 consensus estimate. Revenue and comparable-store sales beat forecasts, but like rival Walmart yesterday, higher costs ate into Target's bottom line.Lowe's (LOW) – Lowe's fell 2.9% in the premarket after the home improvement retailer's quarterly comparable-store sales fell more than expected and revenue come in slightly…

The high grading of our portfolio continued Wednesday morning, with the moves made on American Eagle Outfitters and Johnson & Johnson. The high grading of our portfolio continued Wednesday morning, with the moves made on American Eagle Outfitters and Johnson & Johnson. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong…

In this photo illustration, Paramount+ (Paramount Plus) logo is seen on a smartphone against its website in the background.Pavlo Gonchar | SOPA Images | LightRocket | Getty ImagesShares of Paramount Global jumped Tuesday after Warren Buffett's Berkshire Hathaway revealed a new stake in the media company.The stock rallied 15.4% Tuesday.Berkshire bought 68.9 million shares of Paramount to build a stake worth $2.6 billion as of the end of March, according to a regulatory filing released Monday.Paramount was Berkshire's 18th…

Robinhood is handing over the keys to some of its customers' crypto.The trading and investing company announced Tuesday it will let users hold and custody their own cryptocurrencies and NFTs in a separate, stand-alone app. It's the latest move in the digital asset space for Robinhood as it reaches for growth beyond stock trading. The company shares are off more than 70% since its IPO.The new app will put Robinhood squarely in competition with Coinbase and start-ups like MetaMask. Coinbase CEO Brian Armstrong called his…

U.S. stock futures moved modestly higher on Tuesday evening as investors looked to build on a solid rally.Futures for the Dow Jones Industrial Average added 43 points, or about 0.1%. S&P 500 futures and Nasdaq 100 futures ticked up about 0.1% each.The move in futures came as the stock market's recent sell-off appeared to have paused. On Tuesday, the Dow rose 431 points, or 1.3%, while the S&P 500 gained 2% and the Nasdaq Composite climbed nearly 2.8%.The Dow has declined for seven straight weeks, but stocks have…

Exterior view of a Walmart store on August 23, 2020 in North Bergen, New JerseyVIEW press | Corbis News | Getty ImagesCheck out the companies making headlines in midday trading.Walmart — Shares fell about 10.5% after the big-box retailer reported quarterly earnings that significantly missed Wall Street's expectations. Walmart posted adjusted first-quarter earnings of $1.30 per share on revenue of $141.57 billion. Analysts had expected a profit of $1.48 per share on revenue of $138.94 billion, according to Refinitiv…