Some large-cap stocks including momentum names like Pandora are trading in bear market territory after falling off their 52-week highs.» Read More
Pandora forecast adjusted profit of 5- 8 cents per share on revenue of $235- $240 million for the third quarter ending September. Pandora faces stiff competition from Spotify, Apple Inc's Beats online streaming service, Google Inc and Amazon.com Inc in the fast-growing music streaming business as downloads decline.
July 24- Pandora Media Inc reported a 38 percent rise in quarterly revenue, as advertisers spent more on the online streaming music service, and reported strong subscription revenue growth. Net loss widened to $11.7 million, or 6 cents per share, in the quarter ended June 30 from $6.9 million, or 4 cents per share, a year earlier.
Pandora is reporting Q2 EPS of $0.04 ex-items on revenues of $219 million, with CNBC's Julia Boorstin.
Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.
The Federal Reserve's unusually targeted comments that biotech and social media stocks are overheated sucked the wind out of a an early rally.
Fed Chair Janet Yellen highlights that some sectors, like social media and biotech, are seeing stretched valuations.
The U.S. Justice Department is investigating possible pricing coordination among music publishing companies, the Wall Street Journal reported.
July 15- The U.S. Department of Justice is investigating possible pricing coordination among music publishing companies as it reviews the decades-old rules that govern the cost of licensing songs, the Wall Street Journal reported, citing people familiar with the matter.
Stocks declined Thursday, tracking European shares, on worries about one of Portugal's top banks.
Today is the sixth anniversary of Apple's App Store, which helped transform the broader app economy from a niche market into a global phenomenon.
Is the housing remodeling boom over? A status update from Lumber Liquidator is acting as a possible canary in the coal mine.
Stocks edged higher on Wednesday, following a two-session drop, as Wall Street welcomed Fed minutes and corporate earnings.
Crumbs' closing is a metaphor for the broader stock market, highlighting how momentum stocks can go bad.
Some of Tuesday's midday movers:
CNBC's Julia Boorstin reports on the major social stock selloff happening in today's trading session.
After languishing as stocks reached record highs, the VIX has sprung back to life—bringing with it a dose of fear for the stock market.
Some of the names on the move ahead of the open.
Check out which companies are making headlines after the bell Tuesday: CalAmp, Google, Paychex & more.
SAN FRANCISCO, July 1- Google Inc has acquired streaming music service Songza, the Internet search company's latest move to play a bigger role in the fast-growing online music business. Google said on Tuesday it would explore ways to incorporate aspects of Songza into its existing streaming music service over the coming months.
Disruptive tech companies whose products made people's lives easier, while upending industries in the process.