Business and Finance

financial news, stocks, investing, and market trends, as well as stories on major companies and their leaders.

Block Stock Surges on Surprise Quarterly Profit and Guidance Beat—Key Level to Watch

Key Takeaways Block shares moved sharply higher after the company reported a surprise quarterly profit and issued current-quarter and full-year guidance that topped estimates. The company said its Cash App business performed strongly during the quarter, reporting a 20% year-on-year jump in non-Bitcoin revenue, and had 56 million monthly transacting active users in December. The […]

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Intuit (INTU) Q2 2024 Earnings Call Transcript

Image source: The Motley Fool. Intuit (INTU 3.08%)Q2 2024 Earnings CallFeb 22, 2024, 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good afternoon. My name is Angela, and I will be your conference operator. At this time, I would like to welcome everyone to Intuit’s second quarter fiscal year

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Recession is coming and it could send stocks plummeting 26% as dwindling savings rates spark a ‘vicious cycle’ in the economy, strategist says

Getty Images A recession is still in the cards for the US, according to BCA strategist Roukaya Ibrahim. Ibrahim predicted a downturn would come sometime before early 2025. Once the economy slips into a contraction, stocks could plunge 26%, she warned. A recession is still on the way even as optimism pervades across Wall Street,

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AT&T cellular service restored after daylong outage; cause still unknown

A worker climbs on a cellular communication tower in Oakland, California. Justin Sullivan | Getty Images A cellular outage Thursday hit thousands of AT&T users in the United States, disrupting calls and text messages as well as emergency services in major cities including San Francisco. The company said service was restored to all affected customers

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Smith Micro Software, Inc. (SMSI) Q4 2023 Earnings Call Transcript

Smith Micro Software, Inc. (NASDAQ:SMSI) Q4 2023 Earnings Conference Call February 22, 2024 4:30 PM ET Company Participants Charles Messman – VP of IR and Corporate Development Bill Smith – Chairman, President and CEO Jim Kempton – CFO Conference Call Participants Josh Nichols – B. Riley Jim McIlree – Dawson James Scott Searle – ROTH

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AT&T, Verizon, and T-Mobile Lose Ground as Outages Affect Thousands of Users

Key Takeaways An outage across several major cellphone and wireless providers including AT&T, Verizon, and T-Mobile affected thousands of users on Thursday. AT&T was the worst-affected, with nearly 74,000 outages detected early in the day by a tracking service, while Verizon was reported to have had more than 4,300 downtime incidents. The cellular network problems

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Rivian Stock Plunges 26% on 2024 Production Guidance That Stalls at 2023 Level

Shares of Rivian Automotive (RIVN -25.60%) plummeted 25.6% on Thursday, following the electric vehicle (EV) maker’s release on the prior afternoon of its fourth-quarter 2023 report. The stock’s decline is largely attributable to management issuing 2024 production guidance that’s only in line with the number of vehicles the company produced in 2023. Rivian cited “economic

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AT&T Outage Triggered by Company Work on Network Expansion

(Bloomberg) — AT&T Inc. said a widespread outage that took hours to resolve Thursday was caused by “an incorrect process” while expanding the wireless network. Most Read from Bloomberg The software issue interrupted wireless service for hundreds of thousands of subscribers and prompted the FBI and US Department of Homeland Security to investigate the outage.

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Intuitive Machines Odysseus lands on moon in historic NASA mission

The IM-1 lander “Odysseus” in lunar orbit on Feb. 21, 2024. Intuitive Machines A U.S. company has gone to the moon – and into the history books. Intuitive Machines IM-1 mission reached the moon’s surface on Thursday evening, in the first American lunar landing since the Apollo era. The company’s Nova-C cargo lander, named “Odysseus”

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Rocket Companies, Inc. (RKT) Q4 2023 Earnings Call Transcript

Rocket Companies, Inc. (NYSE:RKT) Q4 2023 Earnings Conference Call February 22, 2024 4:30 PM ET Company Participants Sharon Ng – VP of IR Varun Krishna – CEO & Director Brian Brown – CFO & Treasurer Conference Call Participants Kevin Barker – Piper Sandler Jeff Adelson – Morgan Stanley Christian DeGrasse – Goldman Sachs Kyle Joseph

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