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Forget AI. Apple’s plan to restore confidence is a $110 billion stock buyback.

It’s been a rough year, but Apple shows confidence in itself and investors approve — for now.

Fri May 3, 2024 04:31
Fortinet’s stock falls 8% after cybersecurity company’s quarterly billings drop

Shares of Fortinet Inc. fell 8% in the extended session Thursday after the cybersecurity company reported a better-than-expected first quarter and guidance that went beyond Wall Street forecasts, but billings were slightly off the mark.

Fri May 3, 2024 04:31
Amgen ‘very encouraged’ by preliminary data from weight-loss-drug trial, as stock jumps

Shares of Amgen Inc. rallied in the extended session Thursday after the drug maker posted adjusted earnings above expectations and executives said they are “very encouraged” by preliminary data from a trial of an injectable weight-loss drug.

Fri May 3, 2024 03:27
Cloudflare’s stock is sinking after revenue outlook disappoints investors

Cloudflare Inc.’s stock was free-falling in extended trading Thursday, following a quarterly report that was largely in line with analyst estimates but included a revenue outlook that fell short.

Fri May 3, 2024 03:27
Airbnb is debuting an ‘Up’ house that levitates and 10 other pop-culture-themed rentals

After its ”Barbie” Malibu Dreamhouse house last year lit up the internet, Airbnb Inc. wants to make going viral a more regular thing.

Fri May 3, 2024 03:27
Northrop Grumman gets B-2 bomber contract with $7 billion ceiling

Northrop Grumman Aerospace Systems received a contract with a ceiling of $7 billion to modernize and sustain U.S. Air Force B-2 aircraft.

Fri May 3, 2024 03:27

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