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David Katzman, CEO of SmileDirectClub stands with founders Jordan Katzman (R) and Alex Fenkell as the company debuts its IPO at the Nasdaq MarketSite in New York

SmileDirectClub plummets 24% after missing quarterly estimates and reining in expansion plans

The company will shift focus to "controlled growth" in 2020 to reach profitability by the fourth quarter, CEO David Katzman said.

Salesforce co-CEO Keith Block steps down, with cofounder Marc Benioff returning to sole CEO role

Salesforce saw a big CEO shake-up as one of its co-CEOs — who took the job in 2018 — stepped down.

Shake Shack slips 11% after revenue forecast misses lowest Wall Street estimate

Shake Shack could see a dent to near-term results from new investments, but "the company will ultimately benefit from this strategy," its CEO said.

Groupon plummets 44% as the company flunks earnings and retreats from e-commerce platform

Groupon had its worst-ever day on the stock market as shares sold off to an all-time low after the company announced a dismal earnings report.
FILE PHOTO: Security personnel wearing a face mask is seen in a closed Apple store at Sanlitun in Beijing

‘Tough pill to swallow for the bulls’: Here’s what 4 Wall Street analysts are saying about Apple’s coronavirus-stricken sales ...

Most research firms remain bullish toward the tech giant, praising its multiple revenue streams, surging Services business, and upcoming 5G iPhones.
FILE PHOTO: People walk past a HSBC signage in Singapore

HSBC tanks the most since 2017 after announcing a $7.2 billion overhaul charge

The bank's overhaul plan seeks to cut as many as 35,000 jobs through 2022 and shift focus from the US and Europe to Asian markets.

Apple sees $43 billion in market value wiped out after warning the coronavirus will push revenue below forecasts

Apple attributed the nullified forecast to a near-term hit to global iPhone supply and weaker demand in China.

Netflix is letting people without a subscription watch ‘To All the Boys I’ve Loved Before’ to try to boost sign-ups — the firs...

Netflix's US subscriber growth slowed last quarter. Now the company is trying a new strategy to change that.

Lyft’s fourth quarter topped Wall Street’s expectations, but no update on its path to profitability left investors unenthused

Lyft's results come a week after Uber said it would turn a profit this year, much sooner than previously anticipated.
Under Armour is struggling.

Under Armour is facing a perfect storm of issues between accounting investigations, coronavirus weighing on sales, and weak demand in North America

Under Armour is facing several challenges that have had a negative impact on its sales. It reported earnings Tuesday that fell short of expectations.