Nio Inc.’s American depositary receipts fell more than 3% in the extended session Monday after the China-based electric-car maker reported mixed fourth-quarter results and said revenue for a “transformational” 2020 topped $ 2 billion. Nio NIO, +8.69% said it lost RMB1.39 billion ($ 212.8 million) in the quarter, or 16 …
Read More »
INDIAN LAND, S.C. — Movement Mortgage, one of the nation’s largest retail mortgage lenders, is excited to announce changes to its senior sales leadership team with the promotion of company veterans Matt Schoolfield, Chris Shelton, and Kisha Weir to Divisional Leaders. They will be responsible for unified, strategic, long-term growth …
Read More »
Nvidia Corp. reported Wednesday that quarterly sales topped $ 5 billion for the first time in the fourth quarter, as holiday gaming-chip demand and renewed interest in cryptocurrency mining vied with supply shortages. Gaming sales surged 67% to a company record $ 2.5 billion, on gaming-card demand that Chief Executive …
Read More » The numbers: Sales of newly built homes occurred at a seasonally-adjusted annual rate of 923,000 in January, the U.S. Census Bureau reported Wednesday. That was 4.3% above the upwardly-revised pace of 885,000 in December. Analysts polled by MarketWatch had projected new-home sales to occur at a seasonally-adjusted annual rate of 850,000. Compared …
Read More » Much has been made about the hefty sum that Tesla Inc. has invested in bitcoin, a speculative asset that has only been around since 2009. Read: Why did Tesla buy bitcoin? However, early estimates from prominent technology analyst Dan Ives sees the investment by the electric-vehicle maker, headed by outspoken …
Read More » Cisco Systems Inc. shares declined in the extended session Tuesday after the maker of network services, videoconferencing tools and security software’s quarterly results topped Wall Street estimates, but sales in certain segments came in below expectations. Cisco CSCO, -0.90% shares shed more than 5% after hours, following a 0.9% decline …
Read More »
The numbers: Sales of newly built homes occurred at a seasonally-adjusted annual rate of 842,000 in December, the Census Bureau reported Thursday. That was 1.6% above the downwardly-revised pace of 829,000 in November. Analysts polled by MarketWatch had projected new-home sales to occur at a seasonally-adjusted annual rate of 875,000. Compared to …
Read More » U.S. companies have barely managed to eke out positive earnings growth so far in this quarterly results season, but the big test arrives in the week ahead. Nearly a quarter of the S&P 500 SPX, -0.30% is set to report results, with those companies representing 39% of the index by …
Read More »
Movement Mortgage, the nation’s sixth-largest retail mortgage lender, has promoted Chief Performance Officer Mike Brennan to company president, a new role that will lead all operations and sales functions across the organization. The promotion, made during a company-wide meeting Friday morning, is designed to further align Movement’s industry-leading operations and …
Read More »