mergers

Airbnb stock fell sharply despite outperforming earnings, and plans to buy back $2 billion in stock

Airbnb said Tuesday that it made a second-quarter profit as a public company, and that it’s so confident in its business that it’s buying back $2 billion of its stock. “Our results for the second quarter show that Airbnb has achieved broad-based growth and profitability,” CEO Brian Chesky said during prepared remarks on the company’s …

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Pinterest stock jumps more than 20% despite profit loss, as Elliott confirms stake and users remain

Pinterest Inc missed forecasts on earnings and directed lower revenue than analysts had expected in the current quarter, but shares continued to rally in after-hours trading as users paused in a quarter that prompted a sudden turnaround and attracted an active investor. pinterest pins, + 2.62% On Monday, it reported a second-quarter loss of $43.1 …

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Nancy Pelosi’s husband sells $4 million worth of Nvidia stock at a huge loss

House Speaker Nancy Pelosi’s husband has sold more than $4 million in stock in software and chip company Nvidia NVDA, + 5.52% This week, the publicly available financial disclosures appear. Paul Pelosi’s deal was executed on July 26, when he sold 25,000 shares at an average price of $165.05 per share, for a total loss …

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Weekend reads: Get ready for a big week – crucial Fed decision, tech earnings and GDP report

This was mostly a week for stocks, particularly the rebound of the high-tech Nasdaq Composite, as companies beat expectations for second-quarter earnings. Next week brings a heavy dose of tech earnings, the Federal Reserve’s meeting on Tuesday and Wednesday, and the first reading of second-quarter GDP on Thursday. Federal Reserve officials are expected to raise …

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Analyst says AT&T earnings were ‘really good’ despite share sale

AT&T shares fell sharply Thursday after the telecom giant cut its free cash flow forecast for the year, but one analyst said the latest report wasn’t all bad. In fact, analyst Walt Pickick at LightShed Partners called his research note: “AT&T’s Q2 was really good. Here’s why.” Admittedly, AT&T’s T, -7.62% The management team did …

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