A CrowdStrike software update that crashed computers globally last week hitting services from aviation to banking and healthcare was caused by a bug in the U.S. cybersecurity firm’s quality control mechanism, the company said on Wednesday.Friday’s outage happened because CrowdStrike’s Falcon Sensor, an advanced platform that protects systems from malicious software…

Check out the companies making headlines in premarket trading. Alphabet — Shares of the Google parent-company slipped nearly 4% before the opening bell. Advertising revenue in Alphabet’s YouTube segment undershot expectations in the second-quarter and overshadowed results that beat analyst estimates on the top and bottom line. Tesla — Stock…

EPS Beats and Misses % In Q1 2024, 78% of S&P 500 constituents surpassed EPS expectations vs. S&P Capital IQ Estimates, a 4% increase compared to Q4 2023 (74%), 2% decrease compared to Q3 2023 (80%), 1% decrease compared to Q2 2023 (79%) and a 1% increase compared to Q1…

United Parcel Service on Tuesday reported profit and revenue for the second quarter that came in below expectations and cut its 2024 revenue guidance. The company’s shares were down 9% in premarket trading.UPS now expects 2024 revenue to be approximately $93 billion, revised from a previous forecast for as much…

Check out the companies making headlines before the bell: Spotify Technology — The music streaming stock surged 13% after Spotify Technology posted second quarter earnings that topped estimates. Gross margin also exceeded expectations, along with operating income. General Motors — The auto stock jumped 4.6% after General Motors easily topped…

My rating for Hyatt Hotels Corporation (NYSE:H) stays as a Hold. The good thing is that H’s recent acquisition represents an allocation of capital to Europe, a market with good long-term growth potential. The bad thing is that Hyatt’s 2024 prospects appear to be unexciting. I previously analyzed Hyatt’s first…

Berkshire Hathaway trimmed its gigantic Bank of America holding for the first time in four and a half years following the bank’s strong 2024 run.Warren Buffett’s conglomerate sold 33.9 million shares of Bank of America shares for almost $1.5 billion in separate sales on Wednesday, Thursday, and Friday at an…

Check out the companies making headlines before the bell: CrowdStrike — The cybersecurity stock dropped 4% after Guggenheim downgraded CrowdStrike to neutral from buy, saying the company is unlikely to emerge unscathed from the global outage. Nvidia — Shares gained 2% after Reuters, citing people familiar with the matter, reported…

Investment Thesis Teladoc (NYSE:TDOC) is set to report its Q2 2024 results next week, Wednesday, after hours. Having been bearish on Teladoc stock for some time, I now no longer believe it makes sense to sustain this bearish outlook. Even as I recognize that Teladoc today operates as a shadow…

A call Friday featuring Vice President Kamala Harris and about 300 major Democratic donors left many who dialed in frustrated, with one donor declaring it “ludicrous” shortly before it ended, according to two sources familiar with the call.One person on the call referred to it as “mismanaged” and “rushed.” They added…