Market Extra: Finance is ‘doomed’ to repeat past mistakes without a major diversity shake-up, warns head of industry group

A corner of Wall Street that fueled the subprime mortgage crisis wants to see more women and people of color put in charge of calling the shots in finance, says Michael Bright, CEO of the Structured Finance Association.

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Dropbox shares initially surge 17% on better-than-expected results

Dropbox Inc. shares were initially up 17% before settling to 7% in after-hours trading Thursday after the file-sharing service reported fourth-quarter earnings that beat Wall Street estimates. In a conference call with analysts later, Dropbox Chief Executive Drew Houston said Dropbox’s goal is to become profitable on a GAAP basis by the end of the year. The company also reported jumps in paying users (to 14.3 million) and average revenue per user (to $125). Dropbox reported a net loss of $6.6 million, or 2 cents a share, in the quarter, compared with a net loss of $9.5 million, or 2 cents a share, in the year-ago fourth quarter. Revenue improved 19% to $446 million from $375.9 million a year ago. Analysts surveyed by FactSet had expected a loss of 3 cents a share on sales of $443 million. Dropbox shares are down 26.9% over the last 12 months. The broader S&P 500 index has gained 21.6% in the last year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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China shut down -Japan in recession -Germany in recession -Major US company warnings -Inverted yield curves

-China shut down-Japan in recession-Germany in recession-Major US company warnings-Inverted yield curves-Virus spreading in Japan, S Korea- quarantines coming?$SPX all time high — Matt Thompson, CFA (@dynamicvol) February 20, 2020 … Read more
Author: IWB | Source

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“The Fed has really backed itself into a corner…I hear the willingness and desire to rein this in but I don’t think the markets going to allow it. It is a monster of their own making.” @DimartinoBooth

“The Fed has really backed itself into a corner…I hear the willingness and desire to rein this in but I don’t think the markets going to allow it. It is … Read more
Author: IWB | Source

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AMD Stocks surged 34% – Hitting 61 by Friday morning, DD inside

by teacher1231231234 Advanced Micro Devices Stock Surged 34% After This Signal www.investopedia.com/advanced-micro-devices-stock-surged-34-after-this-signal-4796800 Wells Fargo banker trying to play early morning PUTS for his bear friends; he thinks his opinion matters. … Read more
Author: IWB | Source

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Lumber Liquidators (LL) – A massive turnaround play – The short dated calls will likely double after earnings.

by closethefuckinglight Next week I will post another stock that I have been doing DD on for months. Click on my name and Follow to be first in line. Happy … Read more
Author: IWB | Source

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HealthEquity Stock Added To IBD 50 And Sector Leaders Watchlists

See which stocks have just been added to – or removed from – IBD’s stock lists, including the IBD 50, Sector Leaders, IBD Big Cap 20 and IPO Leaders.

The post HealthEquity Stock Added To IBD 50 And Sector Leaders Watchlists appeared first on Investor’s Business Daily.

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Owens Corning Earns Relative Strength Rating Upgrade

A Relative Strength Rating upgrade for Owens Corning shows improving technical performance. Will it continue?

The post Owens Corning Earns Relative Strength Rating Upgrade appeared first on Investor’s Business Daily.

Author: INVESTOR’S BUSINESS DAILY | Source

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First Solar Earnings Show Unexpected Loss As Revenue Falls Short

First Solar reported fourth quarter earnings after the market close Thursday that missed by a wide margin as revenue also fell short of Wall Street estimates for the maker of solar panels.

The post First Solar Earnings Show Unexpected Loss As Revenue Falls Short appeared first on Investor’s Business Daily.

Author: BRIAN DEAGON | Source

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T-Mobile, Sprint agree to amended merger deal

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.

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