Zillow’s ZG, -19.15% experiment in home-flipping has blown up in its face — and the company is blaming the “unpredictability” of home prices. Now, some are asking about the reliability of the company’s so-called Zestimates, which provides an estimate of a home’s value based on a proprietary formula. Zillow says...
By Kim Richters BMW AG on Wednesday backed its guidance for the full year after reporting a jump in third-quarter profit driven by positive effects from pricing and product mix. The German luxury car maker's quarterly net profit rose to 2.56 billion euros ($2.96 billion) from EUR1.79 billion for...
Skechers Inc. SKX, +1.18% is the most popular shoe brand for men and women, according to the latest Amazon AMZN, +0.26% Best Sellers tracker, compiled by UBS Evidence Lab. It’s the third largest shoe brand in the world, and UBS analysts think Skechers’ growth potential is “underappreciated.” UBS rates...
Advanced Micro Devices Inc. shares rose in the extended session Tuesday after the chip maker said data-center revenue more than doubled to fuel record quarterly sales, and increased its revenue forecast for the year. “In the first quarter, data-center product revenue more than doubled year-over-year and represented a high...
Microsoft Corp. eclipsed Apple Inc. as the most valuable U.S. company for the first time in nearly 16 months after the smartphone giant reported a rare sales miss in the face of supply constraints. Apple shares AAPL, -1.82% ended Friday’s session down 1.8%, implying a valuation of $2.458...
Stocks ended mostly higher Monday, with the S&P 500 and Nasdaq Composite each finishing at records as investors kicked off one of the busiest weeks of earnings season and awaited a midweek Federal Reserve meeting. The Dow Jones Industrial Average DJIA, -0.18% bucked the trend, slipping around 62 points,...
Now “Disaster Girl” really has something to smirk about.  The face of the beloved meme — which features a young girl smiling slyly into a camera as a house burns down behind her — has sold a non-fungible token (NFT) of her original image for almost half a million...
By the time the pandemic hit the U.S. economy, the outlook for Abercrombie & Fitch seemed dire. Once a mall staple that captured the hearts and wallets of teenagers with stark, sexy advertising and dark, perfume-drenched stores, Abercrombie’s (ticker: ANF) stock price hit fresh lows in 2017. Shoppers’ distaste...
The pandemic has been very profitable for Amazon.com Inc. Amazon AMZN, +0.37% reported first-quarter earnings of $8.11 billion Thursday afternoon, trouncing expectations yet again as it continues to provide services greatly needed during the COVID-19 pandemic, namely e-commerce and cloud computing. In the 12 months ending March 31, comprising...
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