Stocks rose on Wednesday after a report had the economy bouncing back more than expected in the second quarter.» Read More
Some of Monday's midday movers:
Jon Steinberg, BuzzFeed president & COO, discusses the new deal between Amazon and Twitter that allows users to add products to their shopping cart by tweeting. CNBC's Jon Fortt provides insight.
Carter Worth of Sterne Agee explains why you might want to hop on board ahead of earnings.
PayPal said Saturday that Rakesh Agrawal has left following a series of late-night tweets that among other things, insulted other PayPal executives.
Happy Monday and welcome to the Cinco de Mayo version of the Morning Six-Pack.
While most of them rightfully boast accomplishments and gains, some CEOs took the opportunity this year to shine a light on the not-so-great events of the past year.
SAN FRANCISCO, May 3- PayPal, the payment processing arm of eBay Inc, said on Saturday that it parted ways with a recently-hired strategy executive after he posted a series of disparaging and at times indecipherable tweets. "Rakesh Agrawal is no longer with the company," PayPal said on Saturday in a Twitter message.
May 2- Chinese Internet firm Sina Corp said it was fined 5.1 million yuan by Beijing authorities for allowing "unhealthy and indecent content" on its online reading channel and on its main website.
OMAHA, Neb., May 2- Warren Buffett's Berkshire Hathaway Inc is expected to attract about 38,000 people to Omaha, Nebraska this weekend for its annual shareholder weekend, including its annual meeting.
May 2- Twitter Inc's six-month lock-up period is set to expire on May 5, removing restrictions on the sale of about 470 million shares, or roughly 82 percent of its outstanding shares. Twitter's co-founders and an investor, together holding about 109 million shares, have said they would not sell their stake immediately after the expiry of the lock-up.
Teen retailers have been crushed by high unemployment and competition. But Aeropostale's social media strategy could revive it.
May 2- LinkedIn Corp's full-year revenue forecast fell short of market expectations, prompting at least 14 brokerages to cut their price targets on the stock. Shares of LinkedIn, which connects professionals with prospective employers, trade at 84.6 times forward earnings.
May 2- LinkedIn Corp forecast 2014 revenue below Wall Street's expectations, prompting concerns of turning into another social network unable to sustain its rapid growth pace and leading a host of brokerages to cut their price targets on the stock.
LONDON, May 2- A boom in mobile banking, regulatory change, pressure on costs; bankers are not easily excitable but the rate of change is prompting some to detect a "historic moment" for the industry. "This is a big shift," said Graham Beale, chief executive of Nationwide, one of Britain's top-three providers of home loans and savings products.
The White House released a long-anticipated report on Thursday that calls for limits on web data of customers, the New York Tines reports.
May 2- Twitter Inc investors who heeded the advice of high-profile banks such as Goldman Sachs Group Inc and Deutsche Bank AG to buy the social media company's shares might be kicking themselves. On Wednesday the stock fell as low as $37.24, 50 percent below its peak of $74.73 the day after Christmas, wiping almost $18 billion off Twitter's market capitalization.
Twitter has taken a page out of YouTube's playbook.
Investors—some of whom have been singed by the recent setbacks—are beginning to think that the era of goodwill despite meager earnings is ending.
*Europe heeds past mistakes, evolution of US tests. LONDON, May 1- Europe's banking watchdog has edged closer to the United States in a check up of its banks this year and is keen to go further still to increase its influence over how banks behave, including how much they pay staff or shareholders.
*Police explosion destroys package found outside Barclays. LONDON, May 1- A security alert in the Canary Wharf financial district of east London ended after police carried out a controlled explosion in on a package that was found near the headquarters of Barclays bank.