AFP | Getty Images Square is getting out of the food delivery business. The payments company is selling its on-demand delivery service Caviar to DoorDash for $410 million, Square announced during second-quarter earnings Thursday. The acquisition will be a combination of cash and DoorDash preferred stock, and is expected to close at the end of
Finance
Traders at the New York Stock Exchange. Drew Angerer | Getty Images Check out the companies making headlines midday Thursday: Western Digital — Western Digital shares rose more than 7% on Thursday after an analyst at Wedbush upgraded the data storage device company to neutral from underperform. The analyst cited increased pricing for one of
Zhang Peng | LightRocket | Getty Images The U.S. Federal Reserve‘s interest rate cut takes some pressure off China‘s central bank, amid the multitude of challenges it already faces to keep the economy growing steadily. The People’s Bank of China is unlikely to respond with major changes to its monetary policy, analysts said. Instead, the
A Fitbit display at a Target store in Los Angeles. Getty Images Check out the companies making headlines after the bell: Shares of Fitbit plummeted as much as 21% in after-hours trading after the maker of health and fitness devices cut its guidance for the next quarter. In its second-quarter earnings report, the company said,
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 21, 2017. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines midday Wednesday: Apple — Apple rose 4.3% after announcing better earnings, sales and guidance than analysts expected. The tech giant reported