 | | | | Microsoft Corp is investigating an issue that is causing connectivity problems with its Outlook email app for users in North America, it said on Wednesday. | | | | | | Apple Inc on Wednesday reported holiday quarter sales and profits that beat Wall Street expectations, as new 5G iPhones helped push handset revenue to a new record and sparked a 57% rise in China sales. | | | | | | Retail traders scored against professionals on Wednesday as hedge funds Citron and Melvin retreated with heavy losses on short positions in GameStop in the week-long battle between Wall Street and Main Street, with more calling for scrutiny of anonymous stock trading posts on social media. | | | | | | Amateur stock traders made a concerted effort to buy shares of companies shunned by Wall Street, challenging short positions by hedge funds, and costing some professionals billions of dollars on their bearish bets and inflating stock valuations. | | | | | | AMC Entertainment Holdings Inc said on Wednesday it had raised $304.8 million by selling shares during an unprecedented social media-driven rally in its stock, though the U.S. movie theater firm could have raised about four times more by waiting one more day. | | | | | | Tesla Inc's fourth-quarter profit fell short of Wall Street expectations on Wednesday and the company failed to provide a clear target for 2021 vehicle deliveries, sending shares down 3% in extended trade. | | | | | | U.S. stocks suffered their biggest one-day percentage drop in three months on Wednesday, adding to losses after the latest Fed statement as major indexes were also pressured by a slump in Boeing and a selling of long positions by hedge funds. | | | | | | A surge of retail stock trading over the last year lit the fuse that sent shares of GameStop Corp rocketing higher without a clear business reason, market watchers say, squeezing hedge funds that had bet against the video game retailer and other companies that were out of favor on Wall Street. | | | | | | Facebook Inc beat analysts' estimates for quarterly revenue on Wednesday, powered by increased ad spending by businesses to capitalize on a holiday shopping season driven online by the pandemic. | | | | | | Home appliances maker Whirlpool Corp on Wednesday forecast 2021 profit above expectations, as demand for its home appliances rose among people stuck at home due to the COVID-19 pandemic. | | | | | |
