U.S. stocks closed higher on Friday, with the Nasdaq setting another record as investors cheered major earnings reports.» Read More
American Airlines Group Inc. rose 2.4 percent to $52.71 with 19,418,500 shares traded. Apple Inc. rose. 5 percent to $130.28 with 41,790,700 shares traded. Cisco Systems Inc. rose. 5 percent to $28.82 with 26,370,000 shares traded.
U.S. stock index futures indicated a higher open on Friday, as investors cheered a record Nasdaq close spurred by positive earnings.
In a first for a U.S. stock exchange, Nasdaq OMX Group on Thursday agreed to pay $26.5 million to settle a lawsuit involving its bungling of Facebook's IPO.
April 23- Google Inc reported higher quarterly revenue and profit as rising online ad volume offset a hit from the strong dollar, sending the Internet company's shares higher in after-hours trading. The rising dollar took a toll on results at Google, which generates about half of its revenue overseas. "Excluding the net impact of foreign currency headwinds,...
Despite missing analyst estimates on the top and bottom lines, Google's stock rose in after-hours trading.
April 23- Google Inc reported higher quarterly revenue and profit as rising ad volume offset the impact of the strong dollar, sending its stock higher in after-hours trading. While revenue and profit missed the forecasts of Wall Street analysts, many investors had been bracing for a weaker report, said BGC Financial analyst Colin Gillis. "Excluding the net...
April 23- Google Inc reported a 12 percent rise in quarterly revenue, helped by a 13 percent jump in the number of ads, or paid clicks, but missed lofty Wall Street expectations. Google's ad revenue has been pressured as more consumers access its online services on mobiles devices such as smartphones and tablets, where ad rates are typically lower.
NEW YORK— Procter& Gamble and Facebook seem to have nothing in common. Delta Air Lines said it hurt ticket sales. "Everybody is talking about the hit from the dollar, especially big multinationals," said Russell Price, senior economist at Ameriprise Financial.
NEW YORK, April 23- In a first for a U.S. stock exchange, Nasdaq OMX Group on Thursday agreed to pay $26.5 million to settle a class-action lawsuit involving its bungling of Facebook Inc's $16 billion initial public offering, the plaintiffs' lawyers said. "This is the first case that we are aware of where a class of investors has sued an exchange for market disruption,...
YouTube star Ryan Higa said he wants to reach his fans instantly through text message and is using the Victorious app to do so.
Apple Inc. rose. 8 percent to $129.67 with 44,556,100 shares traded. Cisco Systems Inc. rose. 2 percent to $28.68 with 21,576,300 shares traded. Comcast Corp. rose. 8 percent to $59.23 with 61,236,000 shares traded.
"At some point, we're going to reach a level where it's just not going to go any higher," said Piper Jaffray's Gene Munster.
Youssef Squali, Cantor Fitzgerald, discusses the rate of growth for Facebook in the U.S. versus around the world. He raised his price target on the stock today.
Dan Niles, Alpha One Capital Partners, sold Facebook going into earnings, and shares his long-term view for the stock.
Investors should not sell Facebook’s stock based on its latest revenue miss, CNBC’s Jim Cramer says.
The social network announced on its Q1 earnings call that it now serves up four billion video views to its user base every day, Re/code reports.
My Google usage since 2007 increased along with the might of the company itself. What my search history revealed.
April 23- It's 10 years to the day since the first clip was uploaded on YouTube, and the service- now owned by Google Inc- has dominated online video-sharing ever since. "The Internet is experiencing something of an inflection point in terms of demand for video and mobile advertising, and FB may well be the single biggest beneficiary of this inflection," RBC Capital...
CNBC's Jim Cramer explains why investors should not write off Facebook's stock.