Dollar Stock Club

Apple edges past sales expectations but shares decline on tariff fears

By Stephen Nellis and Akash Sriram SAN FRANCISCO (Reuters) -Apple on Thursday reported results that narrowly beat Wall Street expectations as consumers stocked up on iPhones amid fears of potential import taxes on its signature device from President Donald Trump. The Cupertino, California-based company said its sales and profit for the fiscal second quarter ended…

Read More

    Amazon cloud growth lags, sees quarterly revenue above estimates

    By Deborah Mary Sophia and Greg Bensinger (Reuters) – Amazon.com reported first-quarter growth in its cloud unit that missed analyst estimates on Thursday, sending shares lower, despite forecasting optimistic companywide sales in the current period. Amazon forecast second-quarter sales largely above estimates, a reassuring sign to investors that the e-commerce company would navigate tariff-related uncertainty….

    Read More

      Analysis-Tesla without Musk? Board faces unique challenge whether he stays or goes

      By Rachael Levy, Abhirup Roy, Isla Binnie (Reuters) -Tesla’s board on Thursday rushed to defend its chief executive, Elon Musk, assuring he had the board’s confidence amid rising investor worries about his prolonged absences, polarizing politics and the EV maker’s plunging sales and profit. The board reacted after a Wall Street Journal report that it…

      Read More

      Robinhood quarterly profit jumps as volatility fuels trading volumes surge

      (Reuters) -Retail trading platform Robinhood’s first-quarter profit more than doubled and beat analysts’ estimates, driven by a surge in trading volumes from clients looking to hedge their positions amid choppy markets. The company’s transaction-based revenue, or income generated from fees for facilitating trading in options, cryptocurrency and equities, jumped 77% in the quarter. Majority of…

      Read More