Markets
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AAPL Stock Price | Apple Inc. Stock Quote (U.S.: Nasdaq)
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Students are turning to ChatGPT for study help, and Chegg stock plummets more than 30%
Chegg Inc. shares plunged 37.5% in after-hours trading Monday and were headed toward their lowest price since 2017, after the online-education company’s forecast called for an unexpected revenue decline as students begin to use ChatGPT. Chegg CHGG reported first-quarter earnings of $2.2 million, or 2 cents a share, on net revenue of $187.6 million, down…
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Arista Networks stock falls as ‘cloud titan’ demand from Microsoft, Meta expected to moderate
Arista Networks Inc. shares slipped further in the extended session Monday after the cloud-network company’s said one of its biggest growth drivers could slow down after reporting that quarterly results and outlook both topped Wall Street estimates. Arista ANET shares fell 7% after hours, following a flat day in the regular session to close at…
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ALGT Stock Price | Allegiant Travel Co. Stock Quote (U.S.: Nasdaq)
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The Chevy Bolt will be gone soon. Good luck finding an EV for less than $30,000
The end of the line for General Motors Co.’s Chevy Bolt underscores how hard it is for auto makers to make money out of electric vehicles despite soaring new-vehicle prices and as several makers throw all their weight on a full transition to EVs. General Motors GM earlier this week said that it will end…
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This couple searched for a home outside the Bay Area for under $1 million. But she got called back to the office. Here’s what they did next.
Growing up in the San Francisco Bay Area, one of the most expensive housing markets in the U.S., tech worker Ramya Jagarlamudi knew the high bar he had to meet to own a home. During the pandemic, he got married and began looking for a new home. At first, the search was going well, and…
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Amazon made earnings look better
Wall Street analysts expected the first quarter to be bad, as investors continue to bite their nails over the prospect of a recession, but after a tidal wave of quarterly financial results from corporate America last week, led by online retail behemoth Amazon.com Inc., there are signs of a little less anguish. Throughout April, Wall…
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GM Stock Price | General Motors Co. Stock Quote (U.S.: NYSE)
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Charlie Munger says banks ‘full of’ bad loans on commercial property: report
“‘It’s not nearly as bas as it was in 2008. But trouble happens to banking, just like trouble happens everywhere else. In the good time, you get into bad habits…When bad times come, they lose too much.’” — Charlie Munger, vice chair, Berkshire Hathaway That’s Charlie Munger, the 99-year-old vice chair of Berkshire Hathaway Inc.…
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Here’s everything new coming to Netflix in May 2023 — and what’s leaving
Netflix is bringing the star power in May. Arnold Schwarzenegger has his first starring role in a TV series in “FUBAR” (May 25), an action/comedy about a father and daughter (Monica Barbaro of “Top Gun: Maverick”) who discover that they each secretly work for the CIA, and must team up for an undercover mission. Meanwhile,…