Latest Corporate stock News

Trump could get big 'bonus' shares in new social media firm

Oct. 26, 2021 23:10 PM EDT

NEW YORK (AP) — Donald Trump's social media company will get tens of millions in special bonus shares in a new publicly traded entity if it performs well, handing the former president possibly billions of dollars in paper wealth based on current stock prices, according to a filing with...

Microsoft profit up 24% in quarter, driven by cloud growth

Oct. 26, 2021 19:40 PM EDT

REDMOND, Wash. (AP) — Growth in Microsoft's cloud computing business helped push its profit up 24% in the July-September quarter over the same time last year. The Redmond, Washington-based tech company on Tuesday reported quarterly profit of $17.2 billion, or $2.27 per...

Robinhood's growth in the summer slowed as trading calmed

Oct. 26, 2021 17:29 PM EDT

NEW YORK (AP) — The meteoric growth of Robinhood Markets is coming back to earth, much like its stock price. The company whose easy-to-use app has brought new generations of investors into the stock and cryptocurrency markets said Tuesday that its revenue growth slowed...

Twitter posts Q3 net loss due to lawsuit settlement

Oct. 26, 2021 16:57 PM EDT

Twitter posted a net loss Tuesday due mostly to a lawsuit settlement, but its revenue rose sharply in the third quarter, boosted by solid ad sales around the globe. The San Francisco-based company said Tuesday that its net loss was $536.8 million, or 67 cents per share,...

Closing prices for crude oil, gold and other commodities

Oct. 26, 2021 15:26 PM EDT

Benchmark U.S. crude oil for December delivery rose 89 cents to $84.65 a barrel Tuesday. Brent crude oil for December delivery rose 41 cents to $86.40 a barrel. Wholesale gasoline for November delivery was unchanged at $2.52 a gallon. November heating oil rose 2 cents to...

Higher shipping rates help UPS as Q3 results top Street

Oct. 26, 2021 07:25 AM EDT

ATLANTA (AP) — UPS’ third-quarter results beat analysts’ expectations, as consumers are paying higher rates to have the package delivery company fulfill their shipping needs. Shares rose 5% before the market open on Tuesday. United Parcel...

Closing prices for crude oil, gold and other commodities

Oct. 25, 2021 15:23 PM EDT

Benchmark U.S. crude oil for December delivery was unchanged at $83.76 a barrel Monday. Brent crude oil for December delivery rose 46 cents to $85.99 a barrel. Wholesale gasoline for November delivery rose 4 cents to $2.52 a gallon. November heating oil rose 2 cents to...

Pa. Rep. Kelly faces ethics scrutiny over stock purchase

Oct. 22, 2021 16:28 PM EDT

WASHINGTON (AP) — A congressional ethics watchdog has concluded there is “substantial reason to believe” that the wife of Pennsylvania Rep. Mike Kelly used nonpublic information gained through her husband's position in Congress to earn thousands of dollars through a well-timed stock...

Closing prices for crude oil, gold and other commodities

Oct. 22, 2021 15:28 PM EDT

Benchmark U.S. crude oil for December delivery rose $1.26 to $83.76 a barrel Friday. Brent crude oil for December delivery rose 92 cents to $85.53 a barrel. Wholesale gasoline for November delivery was unchanged at $2.48 a gallon. November heating oil fell 1 cent to $2.54...

Snap's stock drops as iPhone privacy controls pinch ad sales

Oct. 21, 2021 19:25 PM EDT

SANTA MONICA, Calif. (AP) — Snapchat's corporate parent disclosed Thursday that its ad sales are being hurt by a privacy crackdown that rolled out on Apple's iPhones earlier this year, raising investor fears that the app's financial growth is going into a tailspin. The...