Month: February 2019

YouTube is disabling comments on videos with minors, the company said in a blog post Thursday. The announcement comes a week after advertisers including AT&T, Hasbro, Disney and Nestle pulled their ads from the Google-owned platform following reports of an active pedophile network in the comments of videos. Wired reported last week that some pedophiles
0 Comments
Despite gains in income and wealth for black families in America, white families often have a net worth up to 10 times higher. Discriminatory financial practices such as redlining or credit discrimination have increased the wealth gap and held black families back from being able to create generational wealth. Times are changing. Black millennials are
0 Comments
Anheuser-Busch InBev, the world’s largest brewer, forecast strong revenue and profit growth in 2019, with a focus on increasing beer sales rather than just prices, after higher- than-expected earnings at the end of 2018. The brewer of Budweiser, Corona, and Stella Artois is seeking to draw developed world consumers back to beer from wine and
0 Comments
HP Inc. reported quarterly revenue that fell short of Wall Street estimates on Wednesday, due to weaker-than-expected sales in both its personal computer and printing businesses, sending shares down 12 percent after hours. HP is the hardware business of the former Hewlett-Packard Co., which split in 2015. Sales in the personal systems business, which accounts
0 Comments
Fitbit shares plunged in extended trading after the maker of wearable fitness devices provided a weaker-than-expected forecast. The shares sank another 12 percent after hours to $6.08. Fitbit said sales in the first quarter will increase as much as 8 percent from a year earlier to between $250 million and $268 million. Analysts were expecting
0 Comments
Square reported fourth-quarter earnings that beat analysts’ expectations on Wednesday. Guidance for the first quarter though, was weaker than expected. Here’s how the company did compared with Refinitiv consensus estimates: Earnings: 14 cents per share vs. 13 cents per share, forecast by Refinitiv Adjusted revenue: $464 million vs. $454 million, forecast by Refinitiv Shares fell
0 Comments
President Donald Trump’s financial statements are here — and they likely only tell part of the story on his wealth. Michael Cohen, the president’s former personal attorney, testified before the House Oversight Committee on Wednesday, and provided the committee with a number of documents, among which he said were copies of Trump’s financial statements for
0 Comments
Check out the companies making headlines midday Wednesday: Lowe’s — Shares of Lowe’s rose 1.5 percent after reporting a strong fourth-quarter earnings. However, the company also posted weaker than expected same-store sales. Lowe’s cited a weak housing market in Canada as the reason behind its missed sales. Dean Foods — Shares of Dean Foods dropped
0 Comments
Off-price apparel retailer TJX reported better-than-expected quarterly same-store sales on Wednesday, as steep discounts drove more shoppers to its T.J. Maxx and Marshalls stores during the holiday season. Shares of the Framingham, Massachusetts-based company rose 2 percent before the bell. TJX has opened more stores and largely depended on its deep in-store discounts to drive
0 Comments