After-hours buzz: DOCU, CLDR & more
Check out the companies making headlines after the bell: DocuSign shares dipped more than 3 percent in the extended session despite a better-than-expected quarterly earnings report. The stock later pared much of those losses. The San Francisco-based company reported earnings...
Apple’s Netflix-competitor video service will make more than $4 billion by 2025, Morgan Stanley says
Apple’s video streaming offering will be a multibillion-dollar business for the smartphone maker, according to Morgan Stanley. The firm reiterated its overweight rating for Apple shares, saying investors are underestimating the strength of its services business. “We believe that Apple...
White House says wages are growing faster than ‘traditional measures’ indicate
Many of the ways that wages are measured are underestimating the amount of gains for American workers, the White House said in a report Wednesday. Worker compensation adjusted for inflation and taxes has increased 1.4 percent to 1.9 percent over...
It’s better to rent than to buy in today’s housing market
It is easily the question most asked by anyone moving into their first home or downsizing into retirement. Should I buy or should I rent? For nearly a decade the answer has been buy. The crash in home prices, combined...
1 in 10 Americans say they’ll be in debt for the rest of their lives — reality is way worse
A new study from Northwestern Mutual has found that many Americans are sinking in debt, and don’t expect to climb out of it any time soon; the study found that more than one in 10 Americans say they will be...
US trade deficit jumps by the most in 3 years
The U.S. trade deficit increased to a five-month high in July as exports of soybeans and civilian aircraft declined and imports hit a record high, suggesting that trade could be a drag on economic growth in the third quarter. The...
After-hours buzz: RH, CAL & more
Check out the companies making headlines after the bell: RH shares dropped more than 4 percent after initially rising 6.5 percent during after-hours trading following the release of its second-quarter results. RH missed revenues estimates by $20 million, reporting sales...
After a Starbucks opens in town, housing prices tend to rise, Harvard study finds
Each new Starbucks boosts the value of housing prices in a neighborhood. And not by an insignificant amount. This data point is revealed in a broader study on gentrification by the Harvard Business School that relied on information from Yelp,...
Seagate, Western Digital shares plunge after analyst downgrades both storage stocks due to pricing pressure
Seagate and Western Digital shares will suffer from declining profit margins, according to Evercore ISI. The firm lowered its rating to underperform from in line for Seagate shares and reduced its rating to in line from outperform for Western Digital’s...
AMD shares soar after Wall Street analysts predict big gains against Intel
Several analysts are becoming more optimistic about future market share gains for Advanced Micro Devices. Jefferies raised its price target to $30 from $22 for AMD shares, citing the chipmaker’s technological advantage over Intel. The firm also reiterated its buy...
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