News Bites: Brennan reacts to Trump, Manafort trial deliberates, US drug overdoses increase
Here’s a quick wrap-up of other headlines making news today.
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Motley FoolAndreessen Horowitz partner says Google is an ‘amazing example’ of employing people in ‘BS jobs’: ‘Half the white-collar staff probably does no real work’
“Those people aren’t just being useless (and being coddled to think useless jobs actually matter—they don’t), but they are also taking money away from the rest of the workforce’s retirement programs.”
FortuneShopify Earnings Top Views. E-Commerce Stock Plunges On Profit Margin Outlook
Shopify reported Q1 earnings that topped analyst estimates while revenue edged by views. But shares plunged on Q2 guidance.
Investor's Business DailySigns of the Top? Warren Buffett Selling His Biggest Holding
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Motley FoolLuminar says Tesla is biggest customer for its lidar sensors
Luminar Technologies, a maker of lidar sensors for self-driving cars, said on Tuesday that Tesla was the largest customer for its sensors in the first quarter, accounting for more than 10% of its total revenue of $21 million during the period. Tesla's electric vehicles that are sold do not use lidars and it is not clear where Tesla used the sensors.
ReutersUber Posts a First-Quarter Loss. The Stock Tumbles.
Uber Technologies stock was falling Wednesday after the ride-sharing company posted a first-quarter loss when analysts expected a profit. Uber reported a first-quarter adjusted loss of 32 cents a share on revenue of $10.13 billion. The net loss for the quarter was $654 million, which includes a $721 million headwind due to “unrealized losses related to the revaluation of Uber’s equity investments.”
Barrons.comStock market today: US futures slip amid earnings rush, Fed teeters
While techs have mainly delivered on high earnings expectations, the focus is now on whether other sectors can match up.
Yahoo FinanceDow Jones Futures: Uber, Shopify Dive On Earnings But Three Stocks Flash Buy Signals
Uber and Shopify sold off early Wednesday on earnings, but Arista Networks led stocks flashing buy signals on results.
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