Select a category
Investopedia
1 m
12
:max_bytes(150000):strip_icc()/GettyImages-2158517636-d4271941b652420986f57e07abfed19b.jpg)
AutoNation (AN) has cut its quarterly earnings guidance in the wake of a cyberattack on software provider CDK Global last month, the company said Monday in Securities and Exchange Commission (SEC) filing.
CDK provides software to roughly 15,000 car dealerships, including AutoNation locations. Due to disruption from the attack, AutoNation slashed its second-quarter earnings per share (EPS) guidance by approximately $1.50 to a range of $3.15 to $3.30. That figure doesn't take into account any potential recoveries related to the incident, the company said.
AutoNation said it has restored access to its dealer management system and core functions but that “certain ancillary systems” are still sidelined. The company expects to finish restoring all systems by the end of July.
"While the full scope, nature, and impact of the incident is yet to be known, we do not expect the incident to have a material impact on AutoNation's overall financial condition or on its ongoing results of operations," the company said.
AutoNation shares rose more than 3% to $176.16 as of about 12:30 p.m. ET Monday despite the downward revision. They are up about 17% this year.
Do you have a news tip for Investopedia reporters? Please email us at tips@investopedia.comRead more on Investopedia
Gistlegit
53 m
12
Since July 4th, 2024, when the Federal High Court in Abuja nullified the Peoples Democratic Party (PDP) primary election that produced Asue Ighodalo as the party’s candidate for the forthcoming governorship election in Edo State, the PDP has been in disarray. In a desperate attempt to recover, they have resorted to spreading falsehoods against the undisputed APC governorship candidate, Distinguished Senator Monday Okpebholo.
Instablog9ja
2 hrs
10
A lady has reportedly passes away while using her ‘tool for enjoyment.
The lady has d#ed while using a vibr@tor. The roommate said the deceased increased the currency of the vibr@tor all of a sudden, she started sh@king and became numb and suddenly gave up the ghOst.
Investopedia
3 hrs
9
:max_bytes(150000):strip_icc()/GettyImages-2153044073-725c2b7eb79347148378f094943b9507.jpg)
Google parent Alphabet (GOOGL) is reportedly in advanced talks to buy cybersecurity startup Wiz for around $23 billion in what would be its biggest acquisition ever; Goldman Sachs (GS) posts higher-than-forecast second-quarter earnings as fixed-income trading revenue at the Wall Street powerhouse surged; China’s Q2 gross domestic product (GDP) grows 4.7% year-over-year, below forecasts, as trade tensions, weak consumer spending, and the real estate downturn continue to be a drag; cryptocurrencies and crypto-tied stocks are rising after the assassination attempt on Donald Trump was seen by investors as raising the chances the former president, who has been actively courting the crypto community, will win the presidential election in November; and Apple (AAPL) and Samsung second-quarter global smartphone shipments rise but their market shares fall amid bigger gains by Chinese rivals; U.S. stock futures are higher. Here's what investors need to know today.
Alphabet (GOOGL) is in advanced talks to buy cybersecurity startup Wiz for around $23 billion, reported, in what would be the Google parent’s largest acquisition ever. The purchase would be bigger than Google’s largest deal so far, its $12.5 billion acquisition in 2012 of Motorala Mobility. Unlike rivals like Microsoft (MSFT), which last year completed its almost $70 billion acquisition of "Call of Duty"maker Activision Blizzard, Alphabet has mainly focused on smaller deals. If the acquisition goes through, Wiz would join Mandiant in Alphabet's cybersecurity business. Alphabet shares are little changed in premarket trading.
Goldman Sachs (GS) posted higher-than-forecast second-quarter earnings as fixed-income trading revenue at the Wall Street powerhouse surged. Second-quarter earnings per share (EPS) was $8.62 and revenue rose 17% on-year to $12.73 billion, aided by a 17% rise in fixed income revenue to $3.18 billion. The results follow earnings beats Friday by JPMorgan Chase (JPM), Wells Fargo (WFC) and Citigroup (C)—the three lenders that kicked off the bank earnings season—although concerns about a cooling economy amid higher-for-longer interest rates weighed on their shares. Shares of Goldman are edging lower in premarket trading.
China’s gross domestic product (GDP) rose 4.7% year-over-year in the second quarter, marking a sharp slowdown in the economy as the prolonged real estate slump, tepid consumer spending, and trade tensions continue to weigh. The rise was weaker than the 5.3% growth rate recorded in the first quarter and lower than the 5.0% figure expected by economists polled by . The slowdown will put pressure on Beijing to boost the economy as leader Xi Jinping and the Communist Party’s top officials gather for a twice-a-decade meeting to discuss economic reforms.
Cryptocurrencies and crypto-tied stocks are rising after the assassination attempt on Donald Trump was seen by investors as raising the chances the former president, who has been actively courting the crypto community, will win the presidential election in November. Bitcoin (BTCUSD) is up around 3% and trading above $62,000, although off the token's $73,000 record high hit in March in the wake of the regulatory approval of bitcoin exchange-traded funds (ETFs). MicroStrategy (MSTR), one of the world's largest holders of bitcoin, is gaining about 7%, trading app Robinhood (HOOD) is rising almost 3%, and cryptocurrency exchange Coinbase (COIN) is up 4% in premarket trading.
Global smartphone shipments by Apple (AAPL) and South Korea's Samsung rose in the second quarter from a year earlier, but their global market shares fell as Chinese rivals chalked up bigger gains, according to data from research firm International Data Corp. Quarterly shipments of iPhones climbed to 45.2 million units from 44.5 million a year ago but Apple’s market share fell to 15.8% from 16.6%. Samsung’s market share fell to 18.9% from 20.0%, although it remained the top seller of smartphones globally at 53.9 million units, up from 53.5 million. In contrast, Chinese smartphone maker Xiaomi chalked up a 27% year-over-year jump in global shipments and saw its share of the global market rise to 14.8% from 12.4%. Apple shares are up almost 2% in premarket trading.
Do you have a news tip for Investopedia reporters? Please email us at tips@investopedia.comRead more on Investopedia
Investopedia 4 hrs 11
Netflix (NFLX) shares will be on investors' radar screens this week as the company is slated to report its second-quarter earnings after the bell on Thursday.
Investors will be focused on advertising revenue, pricing updates, and further details about the company’s expanding foray into live event sports programming. Given Netflix's plans to pivot from reporting subscription metrics next year, analyst will also likely scrutinize these numbers, looking for signs of cooling growth.
Below we take a closer look at the the streaming giant's weekly chart and point out important technical levels to watch out for amid possible earning’s-related volatility this week.
Netflix shares have remained in a steady uptrend since May 2022, with the stock generally making higher highs and higher lows over the past two years. Moreover, the 50-week moving average (MA) crossed above the 200-week MA in February to form a bullish golden cross pattern.
However, more recently, several technical indicators suggest a slowdown in buying momentum. Firstly, volumes have remained below average this year compared to 2022 and 2023. Secondly, as the streaming giant’s stock rallied to a multi-year high last week, the relative strength index (RSI) made a relatively lower high to form a bearish divergence. Finally, the stock has attempted to break out to a new record high in recent weeks, but has failed to do so.
It’s worth watching these four key locations on the chart where the stock could attract buying interest during periods of profit taking.
An initial retracement area to monitor sits at $638, where the price could encounter support from a swing high that formed between late March and early April.
Falling below this level could see a decline to the $500 level, an area on the chart likely to find buyers near the psychological number and a period of price consolidation from November 2023 to January this year.
The next lower support area sits around $440 near a horizonal line that connects a range of prices between June and December last year.
A deeper correction could see the stock revisit a trendline linking a 2023 January peak and October trough, near $365,
Netflix shares were up 0.2% at $649.00 in recent premarket trading Monday.
Do you have a news tip for Investopedia reporters? Please email us at tips@investopedia.com
Read more on Investopedia
Instablog9ja
5 hrs
11
A Nigerian man has said he is not coming to Dubai, after he was charged N688,000 to get a one-month visa following the lifting of travel ban on Nigerians by UAE.
The man confirmed that he is not coming to Dubai after he confirmed the fee for the one month visa fee, which is not confirmed he would be given but the fee is not refundable.
