Finance

Cisco Systems headquarters Getty Images Check out the companies making headlines after the bell: Cisco Systems – Shares of the networking hardware company dropped 4% in extended trading despite reporting strong second-quarter results that beat analysts’ estimates. Cisco reported earnings of 77 cents a share excluding some items on revenue of $12.01 billion while analysts
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The Federal Reserve is “closely monitoring” the coronavirus, its impact on China and the effect that it could have on global economic growth, Chairman Jerome Powell said Tuesday. In his semiannual testimony before Congress, Powell said the new threat comes just as trade uncertainties have diminished, though the U.S. economy appears “resilient” to global headwinds.
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Taubman Centers (TCO) – Mall operator Simon Property Group (SPG) will buy rival Taubman for $52.50 per share in cash, or about $3.6 billion. Taubman’s properties will continue to be managed by its existing executive team. Allergan (AGN) – The drugmaker reported quarterly earnings of $5.22 per share, compared to estimates of $4.57 a share.
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eBay’s headquarters in San Jose, California, U.S. Bloomberg |  Getty Images The e-commerce giant eBay more closely resembles the New York Stock Exchange than it does Amazon, at least in the eyes of Intercontinental Exchange CEO Jeffrey Sprecher. “I’m not sure that it’s been fair for the market to hold eBay accountable as an e-commerce company
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Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Dow Jones Industrial Average rises 88 points The Dow climbed 89.92 points, or 0.30%, to 29,379.77. The S&P 500 gained 0.33% to close at 3,345.78. The Nasdaq Composite advanced 0.67% to 9,572.15. Wall Street managed to recover coronavirus-related losses amid
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Sundar Pichai, chief executive officer of Google Michael Short | Bloomberg | Getty Images Check out the companies making headlines after the bell: Alphabet — Google parent company Alphabet‘s shares slid 4% after hours despite beating earnings estimates for the fourth quarter, as the company came in light on revenue. The company reported earnings of $15.35
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Ada Calhoun, who’s written about the financial struggles of middle-aged women today Gilbert King The summer of 2017 was a difficult one for Ada Calhoun. The 41-year old freelance writer watched a bunch of her projects fall through. She racked up $20,000 in credit card debt, and had next to no savings behind her. Childcare
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Traders work on the floor of the New York Stock Exchange. Getty Images Dow Jones Industrial Average tumbles 603.41 points The Dow plummeted 603.41 points, or 2.09%, to close at 28,256.03. The S&P 500 shed 1.77% to 3,225.52. The Nasdaq Composite dropped 1.59% to 9,150.94. Stocks ended January on a disappointing note after concerns around
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Federal Reserve Chairman Jerome Powell holds a news conference following a closed two-day Federal Open Market Committee meeting in Washington, September 18, 2019. Sarah Silbiger | Reuters In public, Federal Reserve officials repeatedly have said they don’t pay attention to President Donald Trump’s long-standing criticism of monetary policy. In private, though, it may be a
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Jeff Bezos, founder of Amazon Katherine Taylor | Reuters Check out the companies making headlines after the bell: Amazon – The e-commerce giant’s stock surged more than 10% in extended trading after the company reported better-than-expected results for the fourth quarter. Amazon reported earnings of $6.47 per share on revenue of $87.44 billion, while analysts
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Brian Armstrong, co-founder and chief executive officer of Coinbase Inc. David Paul Morris | Bloomberg | Getty Images Cryptocurrency exchange operator Coinbase has opened new custody operations in Dublin to help its non-U.S. institutional clients store their assets. Mostly known for its retail investment platform, Coinbase has been making an institutional push over the years,
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