Wall Street

Redditor perfectly explains what Wall Street fails to understand about the big GameStop stock war

January 28th, 2021

Chris Smith

The GameStop stock price reached almost $500 in premarket trading on Thursday, a significant increase from Wednesday’s close of $347.51 that indicates the Reddit vs. Wall Street battle will continue for at least a few more days. Wall Street firms are already playing the victims, attempting to explain the GME short squeeze and what’s been …

Politics

Elizabeth Warren has Wall Street donors scared, and now they’re taking a dramatic step

November 4th, 2019

Andy Meek

Saturday Night Live loves Elizabeth Warren. The Democratic US Senator from Massachusetts got the SNL treatment once again over the weekend, with the sketch comedy show trotting out Kate McKinnon to impersonate Warren’s introduction of her pricey health care plan. It’s all in good fun, as you can see from the video of the cold …

Lifestyle

United Airlines lost $750M in value after passenger ejection video went viral

April 11th, 2017

Mike Wehner

After a video showing a passenger being physically removed from one of its flights due to being “overbooked” lit up social media on Monday, United Airlines started its Tuesday off the best way it knew how: by going on a big, ugly slide on the stock market. The company is down over 4% at the time …

ComScore: Amazon growth doubled the rest of the e-commerce market in Q4

February 7th, 2012

Dan Graziano

Amazon announced the company’s fourth quarter results last week, which fell short of Wall Street’s estimates. The company reported $17.4 billion in revenue, with net sales up 35% from $12.95 billion in the same quarter of 2010. Despite falling short of analyst estimates of $18.26 billion, Amazon’s growth was more than twice the overall market’s growth according to …

Apple iPhone 4S fails to impress Wall Street

October 4th, 2011

Todd Haselton

Apple took the wraps off of the iPhone 4S today but its stock price dipped by as much as 5% as investors looked to the Cupertino-based company to release a more impressive next-generation smartphone. Fifteen months after last updating its iPhone, investors wanted to see an all new design but instead were met with an incremental …

Apple reports Q3 earnings; crushes on iPhones, slays on iPad numbers, profits up 125%

July 19th, 2011

Jonathan S. Geller

Apple on Tuesday reported earnings for the third quarter of fiscal 2011. Shares of Apple Tuesday were trading at near-record levels as investors expected Apple to post its biggest June quarterly earnings ever, and the company didn’t disappoint. Wall Street was predicting revenue of $24.92b, a whopping 58% YoY increase, and Apple’s revenue for the …

Analysts peg Q3 iPad sales in 6-9.5 million range

July 12th, 2011

Todd Haselton

Ahead of Apple’s third-quarter earnings report on July 19th, Fortune has tapped 39 analysts and has created a roundup of their iPad sales estimates. We already know that the iPad 2 has been flying off of store shelves since Apple announced the tablet on March 2nd. However, demand was so great that it’s unclear just how …

Former Flextronics exec pleads guilty to leaking iPhone, iPad secrets

July 6th, 2011

Zach Epstein

Former executive at Apple supplier Flextronics Walter Shimoon pleaded guilty to two counts of conspiracy to commit wire fraud and one count of security fraud in a Manhattan court on Tuesday. The charges stem from a crackdown on “expert networks,” which make money by connecting hedge funds and financial institutions with industry insiders such as Shimoon. …

Groupon files for $750 million IPO

June 2nd, 2011

Todd Haselton

On Thursday, Groupon — the popular location-based coupon service — filed for an initial public offering with the Securities and Exchange Commission. The start-up, which alerts 83 million email subscribers in 43 different countries of local deals that range from restaurant discounts to sailing lessons, hopes to raise $750 million in its IPO. “Expect us …

SEC investigates legality of ‘channel checks’

November 24th, 2010

Zach Epstein

Some analysts could soon find themselves in hot water as the U.S. Securities and Exchange Commission has opened an investigation into the legality of “channel checks.” Channel checks refer to the practice whereby analysts contact inside sources at manufacturing companies in order to glean inside information. This information often has a tendency to move the …