Facebook Inc reported quarterly revenue that beat forecasts but its profit fell 9 percent as the social media company sharply increased spending to boost mobile revenue and future growth. “We’re investing in the next set of services and what will be future investments like Messenger, WhatsApp and Oculus,” Chief Operating Officer Sheryl Sandberg said in an interview on Wednesday after the earnings report. Messenger has more than 700 million users,
In cities such as San Francisco and New York, letter carriers have been showing up on people’s doorsteps as early as 3 a.m. bearing unusual cargo: milk, eggs, and other perishable items.
Investors misunderstood comments from Facebook CFO David Wehner about slower revenue growth in the rest of 2015, Gene Munster said.
Bill Gross on Thursday said the Federal Reserve is beginning to recognize that ultra low interest rates increasingly have negative as well as positive consequences.
Standard worries about U.S. growth, stalled corporate earnings and ragged action in the market itself have lingered close, to ensure anxiety levels never fall too far.
The U.S. economy grew more slowly over the past three years than the government had previously estimated, held back by more frugal consumers and steeper spending cuts by state and local governments. The …
Patience is a rare investor virtue. Mark Zuckerberg thinks he has the track record to ask for it.
The number of Americans filing new applications for unemployment benefits increased last week, but remained near cycle lows in a sign that the jobs market was gaining steam. Initial claims for state unemployment …
Royal Dutch Shell warned on Thursday that lower oil prices could continue for several years, as earnings fell by a third.
Uber Technologies has launched its own auto leasing subsidiary in an effort to sign up more drivers, injecting the fast-growing ride services company directly into the financial services sector for the first time. The move by Uber, announced as a pilot project on Wednesday, follows the end of its partnership with Banco Santander’s U.S. lending unit earlier this year. Uber announced the initiative but disclosed few financial details, though it