Salesforce stock rallies on earnings beat, raised outlook

Salesforce Inc. shares rallied in the extended session Tuesday after the cloud-based customer-relationship-management company topped Wall Street estimates for the quarter and hiked its earnings forecast for the year while lowering its revenue guidance. Salesforce CRM, -2.94% shares surged 6% after hours, following a 2.9% decline in the regular session to close at $ 160.24. … Read more

Summer Vacationers Want to Kick It Old School

The new and the high tech are suddenly out of fashion, with the Nasdaq down around 23% this year. That sentiment change seems to have bled into the online travel sector, where the uncool is making a comeback. There is no denying that longer-term trips in the most remote geographies are still seeing a lot … Read more

7 Beaten-Up Tech Stocks That Could Be Bargains

Text size Meta Platforms’ advertising business has faced challenges from TikTok and Apple’s privacy changes. David Paul Morris / Bloomberg This year has been brutal for US stocks, but that goes double for high-growth technology stocks. A mix of rising bond yields and recession worries have weighed on the tech sector since late last year. … Read more

Canopy Growth Stock Is Falling As Earnings Disappoint Wall Street

Text size Canopy Growth reported a 36% drop in revenue from Canadian recreational cannabis sales compared to the same quarter a year ago. Chris Roussakis / Bloomberg Canopy Growth stock is plummeting after the marijuana company delivered financial results that fell short of expectations. The Canadian cannabis company (ticker: CGC) posted a per-share loss of … Read more

Meet the man behind the UK sanctions regime

“It feels a little bit like on variety TV shows years ago. You had those people who spin plates, and they’d go round and by the time the first one has stopped spinning, you’ve got to go back to the start and do it again. It does feel a little bit like that. ” The … Read more

Snowflake stock slides after earnings as company says macro issues are impacting some customer activity

Shares of Snowflake Inc. tumbled in after-hours trading Wednesday after the software company delivered a forecast for the current quarter that came in below expectations at the midpoint and acknowledged that some customers have consumed less than expected due to macroeconomic factors. The company posted a fiscal first-quarter net loss of $ 166 million, or … Read more