Things keep going from bad to worse for one of the most disastrousWall Street IPOs in recent history. On Thursday, Blue Apron Holdings Inc APRN 4.79% released its first quarterly earnings report since its June IPO, and the company revealed a much larger loss than Wall Street was expecting.
Investors initially celebrated a mixed Q2 earnings report from Valeant Pharmaceuticals Intl Inc VRX 0.46% to the tune of a 7 percent Tuesday-morning pop for the stock. However, that enthusiasm quickly evaporated as the reality of yet another guidance cut and an uncertain future started to sink in.
Valeant Pharmaceuticals Intl Inc VRX 0.46% shares initially jumpedmore than 7 percent following the company’s second-quarter earnings report. However, in a matter of 24 hours, that gain is completely gone and the stock is trading significantly lower than it was prior to the report.
On Wednesday, cryptocurrencies like bitcoin and Ethereum took a major step in becoming mainstream investment options. Fidelity Investments announced that its clients will now be able to integrate their cryptocurrency investments held on Coinbase’s digital wallet platform into their Fidelity accounts.
On Wednesday, cryptocurrencies like bitcoin and Ethereum took a major step in becoming mainstream investment options. Fidelity Investments announced that its clients will now be able to integrate their cryptocurrency investments held on Coinbase’s digital wallet platform into their Fidelity accounts.
Hertz Global Holdings, Inc. (NYSE: HTZ) shares jumped more than 18 percent on Wednesday morning despite the company reporting Q2 earnings and revenue misses. Investors weren’t the only ones that stayed bullish on Hertz following what appeared to be a lackluster quarter.
Patient Vivint Solar Inc VSLR 2.11% investors may eventually be rewarded by the long-term benefits of some of the recent strategic sales initiatives the company has undertaken. However, not all investors have that kind of patience.
The U.S. credit market that completely ground to a halt during the economic crisis of 2008 is now flowing as freely as ever. A new report from Biz2Credit revealed that a higher percentage of small business loans are now getting bank approvals than at any time since the last recession.
Google parent company Alphabet Inc GOOG 0.07% GOOGL 0.06%has had another strong year thus far into 2017, and its stock is up roughly 20 percent to around $946. Or is it? The shares that trade under the ticker GOOG are also up about 20 percent year to date, but trade at just $928 per share. What is the…
Defense stocks have been on a tear in recent years, but there may be even more upside ahead. On Wednesday, Morgan Stanley analyst Rajeev Lalwani said global threats aren’t going away anytime soon, and defense budgets keep expanding. Headlines about North Korea, Russia and the Middle East will likely continue to fuel demand for defense technology. Defense can…