News Corp. reported fiscal first-quarter earnings Wednesday that beat analysts’ expectations for earnings but missed on revenue. Here’s how the company did compared with what Wall Street expected, based on a survey of analysts by Refinitiv: Earnings: 17 cents per share vs. 4 cents per share expected Revenue: $2.52 billion vs. $2.54 billion expected Shares
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Take-Two Interactive reported earnings for its 2019 fiscal second quarter after the bell on Wednesday. The company is known best for developing popular videogames like “Red Dead Redemption” and “Grand Theft Auto” as the parent company of Rockstar Games and 2K. The stock was up over 2.5 percent after the bell. Here are the key
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Shares of major marijuana companies rallied after Attorney General Jeff Sessions resigned Wednesday after months of public criticism from his boss, President Donald Trump. Canada-based Tilray closed up 30 percent while Canopy Growth and Aurora Cannabis rose 8.1 percent and 9 percent respectively. Cronos Group added 8.4 percent. tweet tweet “You’re happy if you’re long
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With a majority-blue House, proposals to repeal the popular public service loan forgiveness program will likely go nowhere, Kantrowitz said. That program allows certain public servants to have their student debt cancelled after 10 years. “Democrats are strong proponents [of the program],” Kantrowitz said. On that note, Democrats are likely to demand explanations from the
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Target rose in premarket trading Wednesday after Cowen analysts said the retailer had strong momentum and the opportunity to gain market share selling toys and other children’s merchandise. The analysts upgraded the shares to outperform from market perform and raised their price target 11 percent, to $100. Target rose a little more than 1 percent
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Check out the companies making headlines before the bell: Target – The retailer’s stock was upgraded to “outperform” from “market perform” at Cowen, which cites good value at Target’s stores, convenient digital pickup options, and private brand innovation. Dish Network – The satellite TV company earned 82 cents per share for the third quarter, 15
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The world’s largest gaming market has the potential to grow even bigger, according to the head of casino giant MGM. Macau, the gambling haven located in southern China, stands to benefit from the extensive investment being pumped into the Greater Bay Area initiative, James Murren, CEO of MGM Resorts International, told CNBC on Tuesday. That
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Getty Images Twilio Inc. founder and CEO Jeff Lawson (C, in glasses) reacts after ringing the opening bell to celebrate Twilio’s initial public offering, at the New York Stock Exchange, June 23, 2016 in New York City. Twilio shares jumped more than 12 percent on Tuesday after the cloud software company reported third-quarter results that
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Nobel laureate Robert Shiller isn’t using midterm election patterns to help construct his latest market forecasts. The Yale University economics professor sees this electionas an expression of voter confidence about President Donald Trump. He suggests it’s unwise to use the vote as way to predict economic and market trends. “This is a very different midterm
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Investors should buy shares of Teva Pharmaceutical Industries as the company’s turnaround picks up steam, Morgan Stanley analyst David Risinger said Monday. Risinger upgraded the stock to overweight from equal weight. He also hiked his price target on the stock to $27 a share, implying a 19.5 percent upside from the stock’s close on Friday.
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