Salesforce.com Boosted Full Year Guidance After Acquiring Slack and Reported Strong Q2 Earnings

New York City

Source: Dreamstime

Reading time: 2 minutes

On Wednesday, shares of the cloud computing solutions company rose by 3% in extended hours trading after its second-quarter results outperformed analyst expectations. But that’s not the whole story, for in the last three months Salesforce also acquired the leading business communications platform Slack.

Read more

Berkshire Hathaway’s Operating Income Enjoyed a Strong Rebound as Economic Growth Resumes

Picture of Wall Street sign

Source: Dreamstime

Reading time: 2 minutes

The legendary holding company posted better-than-expected results for their second quarter after its myriad of businesses – from energy to railroads – received a generous boost as governments loosened their grip on COVID-19 restrictions.

This sent Berkshire’s Class “B” shares up by 2%, thus bringing the total year-to-date growth to over 23%.

Read more

Amazon Disappointed Investors Despite Making 100 Billion USD in Quarterly Revenue; Its CFO Expects Slower Growth in the Months to Come

Picture of buildings in a sprawling megapolis

Source: Dreamstime

Reading time: 2 minutes

An increasing number of people are reverting back to pre-covid shopping habits, and perhaps nobody felt the shockwave better than Amazon. After falling short of analysts’ forecasts, the company stock slid over 7% in extended-hours trading last Thursday.

Now, it’s up to the company’s new CEO, Andy Jassy, to reassure investors as to how the business is planning to retain its record growth, especially under the mounting scrutiny of regulators both on U.S. and European soil.

Read more

Jefferies Group Posts a Record-shattering Quarter, Significantly Boosts Its Quarterly Cash Dividend

Pictured: tall, glass-covered skyscrapers

Source: Dreamstime

Reading time: 2 minutes

The U.S. multinational independent investment bank and financial services company posted a record quarter ending May 31, 2021, in addition to a record last twelve month net revenues of $6.739 billion – a staggering 81% year-over-year growth and a clear sign of good things to come, COVID-19 notwithstanding. Here’s what else has been happening for the past three months at Jefferies Group’s HQ.

Read more