Apple Guides Lower

Apple’s Mixed Results

Apple Inc. reported its fourth consecutive quarter of record revenue and profit, as the combination of higher iPhone prices and strong app-store sales propelled the technology giant to its best year ever. But the world’s most valuable company offered guidance for the current period that disappointed many investors and said it would stop reporting unit sales for its products...

By | November, 2, 2018|Categories: Articles, Featured|Tags: , , , , , , , , |0 Comments

Trade Wars Don’t Affect Alibaba

Alibaba Sales Jump

E-commerce giant Alibaba Group Holding Ltd. reported a 61% increase in sales, as Chinese consumers continued to spend on the internet despite slowing economic growth. Alibaba, the operator of China’s two largest e-commerce platforms Taobao and Tmall, said in a statement on Thursday its core e-commerce business kept charging ahead in the most recent quarter...

By | August, 24, 2018|Categories: Articles, Featured|Tags: , , , , , , , , |0 Comments

SNAPPED: Snap Inc Reports User Decline

User Trouble

Snap Inc. reported its first quarterly decline in daily users, sending its stock price gyrating Tuesday and adding to investor concern that big social-media sites are entering a slump after Facebook Inc. and Twitter Inc. also posted slowing growth...

By | August, 8, 2018|Categories: Articles, Featured|Tags: , , , , , , , , , |0 Comments

FACEBOOK FANGED

Proceed with Caution

Facebook Inc. warned that its growth is slowing, sending its stock price plummeting as investors feared the social-media titan’s fortunes aren’t immune to the multiple controversies it has faced this year. After touching record highs earlier on Wednesday, Facebook shares dropped as much as 23% in after-hours trading, a plunge that would wipe roughly $130 billion from the company’s value...

By | July, 26, 2018|Categories: Articles, Featured|Tags: , , , , , , |0 Comments

Cord Cutting by AT&T

New Path for AT&T

Growth in AT&T Inc.’s new media division helped paper over deep losses in the company’s satellite-TV business stemming from a cord-cutting trend that executives have said first drove their appetite for entertainment assets. The DirecTV satellite unit has lost more than 1 million customers after five straight quarters of declines...

By | July, 25, 2018|Categories: Articles, Featured|Tags: , , , , , |0 Comments

G.E. Brings Good Things to Life

New Version of G.E.

General Electric Co. unveiled plans Tuesday to shed two big business units, the culmination of a drastic effort to revitalize what once was one of the U.S.’s largest and most-valuable companies. Chief Executive John Flannery, whose first year on the job saw a sharp decline in GE’s stock price, said the company would spin off its health-care division and sell its ownership stake in oil-services company Baker Hughes...