PagerDuty’s stock is up then down following 19% jump in revenue
PagerDuty Inc.’s stock initially inched higher in extended trading Thursday after the cloud-computing company reported quarterly results that breezed past analysts’ revenue and earnings estimates. Subsequently, they fell into negative territory. “We continued to build on our momentum in the enterprise market. We helped companies manage critical work and the way they operate,” PagerDuty Chief […]
Ozempic could face Medicare drug price negotiations next
A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, U.S. March 29, 2023. George Frey | Reuters Ozempic, the blockbuster diabetes treatment from Novo Nordisk, could be next in line in the price negotiations between manufacturers and […]
Taylor Swift Eras Tour concert film, Exorcist open same day
Taylor Swift performs onstage during the Taylor Swift | The Eras Tour at Lumen Field on July 22, 2023 in Seattle, Washington. Mat Hayward/tas23 | Getty Images Entertainment | Getty Images Move over, Barbenheimer. This next big movie duo will make your head spin. A concert film of Taylor Swift’s “The Eras Tour” is hitting […]
Oil prices rise as bulls attempt to salvage monthly gain
Oil futures climb on Thursday, with bulls looking to salvage a monthly gain for crude as signs of tight supplies provided support. Price action West Texas Intermediate crude for October delivery CL00, +1.11% CL.1, +1.11% CLV23, +1.11% was up $1.31, or 1.6%, at $82.94 a barrel on the New York Mercantile Exchange. Front-month WTI futures […]
Polestar (PSNY) earnings Q2 2023
The Polestar 3 SUV, originally expected late this year, has been pushed into early 2024 because of delays with its Volvo-developed software. Courtesy: Polestar Swedish electric-vehicle maker Polestar on Thursday reiterated that it still expects to deliver at least 60,000 EVs in 2023, with a positive gross margin – and confirmed that its next two […]
Here’s where UBS’s profit of $29 billion ranks
Granted, it was more an accounting quirk rather than hard money entering its coffers, but UBS’s $28.88 billion profit in the second quarter was one for the record books. It was reportedly the largest that any bank has ever reported. Also read: UBS reports $29 billion profit as it rules out domestic bank spinoff According […]
Mark Thompson steps in as next CNN chief
Mark Thompson is stepping in as the next CEO and chairman of CNN. Parent company Warner Bros. Discovery said Wednesday it appointed Thompson as the next leader of the news network, a few short months after the ouster of Chris Licht. Thompson previously served as president and CEO of The New York Times from 2012 […]
Here are the best and worst states for workers. Do you live in one of them?
There is growing inequality among U.S. states when it comes to worker-friendly policies and laws, according to a new report released ahead of Labor Day. But there’s good news, too: Some states that rank in the middle of Oxfam’s annual index of the best and worst states for workers are making progress. In 2018, the […]
Walmart tries to grow third-party marketplace with Las Vegas event
Walmart is hosting its first seller summit businesses that are part of its third-party marketplace. The two-day event includes how-to sessions and remarks by the retailer’s top leaders. Melissa Repko | CNBC LAS VEGAS — Walmart is looking for new ways to woo sellers to its third-party marketplace, as it pushes to drive more online […]
Shein faces scrutiny over forced labor before IPO
A woman with a Shein bag after entering its first physical store in Madrid, June 2, 2022. Europa Press News / Contributor Fast-fashion juggernaut Shein is facing more scrutiny from elected officials in the U.S. who want the company to prove it doesn’t use forced labor before it files for a widely rumored initial public […]
