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Visitors crowd around the Nvidia booth at the 2016 China Digital Entertainment Expo, known as ChinaJoy, in Shanghai. STR | AFP | Getty Images Check out the companies making headlines in midday trading. Didi Global — Shares of the Chinese ride-hailing giant climbed 2.3%, on pace for double-digit gains on the week amid a Bloomberg
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A shopper walks past an American Eagle store in the mall. Tim Boyle | Getty Images News | Getty Images American Eagle shares tumbled Thursday after the company reported fiscal second-quarter revenue short of analysts’ estimates, as its e-commerce business decelerated compared with the prior year. Management also noted that back-to-school purchases have been coming
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Nearly a decade ago, Elizabeth Holmes was proclaimed the golden girl of Silicon Valley, and briefly crowned America’s youngest female self-made billionaire. This week, she’ll walk into a San Jose federal courthouse with a very different image: a defendant charged with fraud.  Federal prosecutors in the Northern District of California have accused Holmes and Ramesh
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Airbnb’s stock on Thursday fell more than 4% after the company reported its second-quarter earnings. The company beat Wall Street’s expectations for revenue and bookings but warned about expected volatility from the Covid delta variant. Here’s how the company did: Earnings: Loss of 11 cents per share Revenue: $1.34 billion vs. $1.26 billion forecast by
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Morgan Stanley on Thursday posted second-quarter profit and revenue that exceeded analysts’ expectations on strength in equities trading and investment banking. Here’s how the bank did: Earnings: $1.85 a share vs. the $1.65 estimate of analysts surveyed by Refinitiv. Revenue: $14.8 billion vs. the $13.98 billion estimate. While rival banks reported a steep slowdown in
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Jack Taylor | Getty Images News | Getty Images Cryptocurrency is known for volatility and some experts say crashes tend to happen on weekends. “This has been a phenomenon in crypto for several years,” said Stephen McKeon, associate professor of finance at the University of Oregon in Eugene, and partner at Collab+Currency, a cryptocurrency-focused investment
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