Shares of action camera maker GoPro (NYSE:GPRO) printed a fresh all-time low in early October of $3.25 after the company reported that its new products, the HERO8 Black and HERO Max, would launch later than expected because of production delays. Since, GoPro stock has rebounded some to the $4 level as both cameras have already
Exxon and Chevron report earnings on Friday before the bell as energy companies continue to struggle, pressured by falling oil prices, waning demand and squeezed margins. The Street is expecting Exxon’s earnings to plummet by more than 50% from a year ago. For Chevron, it’s a more modest 29% decline. Exxon Exxon is expected to
Salesforce (NYSE:CRM) CEO Marc Benioff recently declared that capitalism is dead, suggesting that America “[Needs] a new, more sustainable, more equitable, more fair capitalism.” Benioff’s company is one of 193 American businesses that have signed the Business Roundtable’s Statement on the Purpose of a Corporation that highlight’s the need for companies to address all the
Stocks were roiled Thursday by the return of headline risk, which was compounded by the variety of that risk — it was both domestic and foreign in nature. Source: Venturelli Luca / Shutterstock.com Starting in the latter category, China appears intent on adding another chapter to the long-running trade saga with the U.S. Today, the
A Pinterest banner hangs on the facade of the New York Stock Exchange (NYSE) in New York City, September 22, 2017 Brendan McDermid | Reuters Check out the companies making headlines after the bell: Shares of Pinterest plummeted 20% after the bell following the company’s third-quarter revenue miss, coming in at $279.7 million, which was
After several years of people favoring growth names over value and dividend stocks, sentiment has switched gears. That’s because people are looking for sources of yield again. With the Federal Reserve cutting rates once more, the safe sources of fixed-income yield are drying up. 10-year treasury bond yields, for example have gotten cut nearly in
After touching year-to-date 2019 highs of $3.44 in the beginning of April, Chesapeake Energy (NYSE:CHK) has been tumbling fast. CHK stock is already lower by 59% and I don’t see any respite. Source: Casimiro PT / Shutterstock.com Chesapeake Energy has certainly been trying to lower the cost and increase the weight of oil in production.