Etsy CEO Chad Dickerson and others celebrate their IPO at the Nasdaq exchange, April 16, 2015. Getty Images Check out the companies making headlines in midday trading. Etsy — Shares of the e-commerce company popped nearly 13% on Friday after beating on the top and bottom lines of its quarterly […]
Pokémon Go creator Niantic invests in Black game developers
Trinidad Hermida, Niantic Lab’s Head of Diversity & Inclusion Niantic Labs Pokémon GO maker Niantic Labs announced in early February its Black Developers Initiative (BDI), a program designed to support Black game and augmented reality (AR) app developers. The five-month program will fund new projects for Black game development teams […]
Texas judge finds national eviction moratorium unconstitutional
Nurses display a ‘Stay Home’ sign on their vehicle during a car caravan of nurses calling for people to remain home amid a surge of COVID-19 cases in El Paso on November 16, 2020 in El Paso, Texas. Mario Tama | Getty Images A federal judge in Texas ruled on […]
Netflix will spend $100 million to improve diversity on film following equity study
Rege-Jean Page and Phoebe Dynevor star in Netflix’s “Bridgerton.” Netflix Netflix released a first-of-its-kind diversity study Friday to analyze the makeup of Netflix’s on-screen talent, as well as the behind-the-camera creators, producers, writers and directors. The report shows that the company has made progress, but still has more work to […]
Coinbase S-1 lacks key trading details ahead of direct listing
Coinbase CEO Brian Armstrong Getty Images Coinbase may be targeting an astronomical valuation when it goes public in the coming weeks, but it’s yet to give investors an indication of what kind of prices people are willing to pay in the private market. Instead of going public through an IPO, […]
Airline stocks are most overbought in years, chart analyst says
Airline stocks are the most overbought they’ve been in years, chart analyst Matt Maley said Thursday. Travel stocks were swept up by a broader market sell-off in Thursday’s trading session, with airline, hotel and cruise line names paring back after substantial year-to-date rallies. The reversal could mark the start of […]
Foot Locker, Beyond Meat, DoorDash & more
Take a look at some of the biggest movers in the premarket: Foot Locker (FL) – Foot Locker shares tanked 12.1% in premarket trading after quarterly revenue came in below Street forecasts and comparable-store sales unexpectedly declined. The athletic apparel and footwear retailer also reported quarterly profit of $1.55 per […]
DraftKings (DKNG): Q4 2020 earnings
New England Patriots cornerback Stephon Gilmore (24) stretches during the New England Patriots practice session in Foxborough, MA on Oct. 22, 2020. Barry Chin | Boston Globe | Getty Images Shares of sports betting company DraftKings jumped as much as 3.5% in the premarket trading Friday after the company reported […]
Reform listings rules to boost UK fintech post-Brexit: Kalifa review
Icons for the Monzo and Starling banking apps on a smartphone. Adrian Dennis | AFP via Getty Images LONDON — The U.K. should reform listings rules and visa applications to help its £11 billion ($15.3 billion) fintech sector thrive after Brexit, a government-commissioned review said Friday. Britain is one of […]
Trading tax hike won’t harm Hong Kong’s stock market: Financial secretary
People wearing face masks crossing a street at Hong Kong’s Wan Chai district on Feb. 16, 2021. Zhang Wei | China News Service | Getty Images Hong Kong’s plan to increase the stamp duty on stock trading will not harm the competitiveness of the city’s financial markets, Financial Secretary Paul […]