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Tesla quietly spent $2 million on a technology Elon Musk previously trashed as a "fool"s errand"
Tesla was the biggest customer for lidar manufacturer Luminar last quarter, according to its earnings report. Elon Musk previously referred to lidar tech.....»»
Tesla reports another quarter of profits that top Wall Street expectations
Tesla also said it made $101 million from selling bitcoin during the period after it bought $1.5 billion worth of the cryptocurrency in February. Tesla reported f.....»»
Oscar Health falls 10% in trading debut as valuation hits $9 billion
Oscar priced its IPO at $39 per share, selling more than 37 million shares $1 higher than its previously targeted offering range of $36-$38. Oscar Health employees Oscar Hea.....»»
AutoZone shares jump 2.6% premarket after earnings blow past estimates
AutoZone Inc. shares rose 2.6% in premarket trade Tuesday, after the car parts maker's second-quarter earnings blew past estimates. Memphis, Tenn.-based AutoZone said it had net income of $345.9 million, or $14.93 a share, in the quarter to Feb. 13, .....»»
Yeti shares jump premarket as earnings blow past estimates
Yeti Holdings Inc. shares jumped 2.6% in premarket trade Thursday, after the maker of outdoor coolers and equipment crushed estimates for its fiscal fourth-quarter. The company posted net income of $62.4 million, or 71 cents a share, in the q.....»»
Shares of iRobot jump 14% as sales, earnings breeze past estimates
Shares of iRobot Corp. soared 14% in after-hours trading Wednesday after the robot maker reported fiscal fourth-quarter results. IRobot reported net income of $13.3 million, or 46 cents a share, compared .....»»
Oahu luxury home market closes 2020 with 16% Q4 boost in sales
While all price ranges recorded double-digit increases in sales, it was the homes selling for $4 million or more than saw the biggest increase, 80%, to 18 sales, from 10 sales in the fourth quarter of 2019, the report by Coldwell Banker Realty found......»»
Bay Area software startup Harness hits $1.7B valuation with $115M funding
Another San Francisco tech company has signaled its entry into the 2021 unicorn club. Harness, which offers a platform for software delivery, announced Thursday that it has raised a $115 million Series C round, bringing its valuation to $1.7 billion......»»
Quizlet raises $30M, joins billion-dollar valuation club
Education tech firm Quizlet is the latest member of the billion-dollar valuation club. The San Francisco company, founded in 2005 by a sophomore in high school, raised a $30 million series C this week with a valuation of $1 billion. That’s nearly .....»»
Nintendo smashes Switch sales view; says Animal Crossing is device"s fastest-selling game
Japan's Nintendo Co Ltd said on Thursday its fourth-quarter profit soared 200% due to surging demand for its Switch games console, and that title Animal Crossing: New Horizons shifted a record 13.4 million units in its first six weeks......»»
S&P 500, Nasdaq up as tech stocks rise; lockdown easing hopes persist
The S&P 500 and Nasdaq rose on Wednesday on hopes of a pickup in business activity as states eased coronavirus-induced curbs, with investors also looking past a stunning 20 million plunge in U.S. private payrolls last month......»»
COVID-19 Puts Most Of Hawaiian Air On Standby
The substantial grounding of Hawaiian Holdings, Inc. (NASDAQ: HA) during the past two months left the carrier with a $144.4 million loss in first quarter earnings. read more.....»»
Netflix blows past subscriber expectations during coronavirus crisis
Netflix Inc. defied Wall Street's expectations — and its own — on Tuesday, adding nearly 16 million paid global subscribers in the first quarter, beating the company's record of 9.6 million set during the same quarter a year ago by more than 6.....»»
Retailers like Levi"s are finding early success selling products on TikTok — and say the video-sharing app could help bolster online sales amid coronavirus-related store closures
Levi's Retail beta partners of TikTok's Shop Now feature are finding early success tapping into the app's 800 million global users. In a blog published on Monday, Levi's said its TikTok campaign more than doub.....»»
Google blocked an average of 18 million daily malicious coronavirus messages to Gmail users in the last week as hackers try to capitalize on fear and less secure remote-work setups (GOOG, GOOGL)
S3studio/Getty Images Google blocked 18 million malicious coronavirus-themed emails sent to Gmail users in the past week alone, the company said in a blog post Thursday. In addition to malware and phishing .....»»
Stocks edge higher as healthcare and tech rallies offset gloomy unemployment-claims data
Reuters / Lucas Jackson US stocks climbed on Thursday after weekly jobless claims were less dire than expected. A record 22 million Americans have filed for unemployment benefits over the past four weeks, effectively .....»»
Stocks edge higher as healthcare and tech rallies offset gloomy unemployment-claim data
Reuters / Lucas Jackson US stocks climbed on Thursday after weekly jobless claims were less dire than expected. A record 22 million Americans have filed for unemployment benefits over the past four weeks, effectively wiping out all jobs created s.....»»
MOHAWK GROUP REPORTS STRONG PRELIMINARY FIRST QUARTER NET REVENUE BETWEEN $25.0 MILLION & $26.0 MILLION, AN APPROXIMATE 43% GROWTH VS PRIOR YEAR
NEW YORK, April 09, 2020 (GLOBE NEWSWIRE) -- Mohawk Group Holdings, Inc. (NASDAQ:MWK), the tech-enabled e-commerce consumer products company, today announced pr.....»»
Trulieve Reaffirms 2020 Guidance Despite Pandemic, Analyst Says Florida Cannabis Company"s Valuation "Attractive"
Trulieve Cannabis Corp. (CSE: TRUL) (OTC: TCNNF) said Wednesday that its revenue rose 13% quarter-over-quarter to $79.7 million in the fourth quarter of 2019. The Florida-based company posted .....»»
A note from the publisher about Decade of Growth
Prior to the COVID-19 outbreak, Atlanta Business Chronicle produced a special commemorative magazine, A Decade of Growth, in which Chronicle editors and reporters culled all the issues from the past 10 years looking to find the articles that best .....»»