Cash Hoard

What is a ‘Cash Hoard’ A cash hoard is a large amount of available money held on hand by a company. Typically, this amount is much larger than what would be needed to satisfy short-term liability obligations. The reason for the cash hoard could be anticipation of facilitating future projects or meeting future financial obligations. … Read more

Microsoft stock rises slightly after earnings beat

Microsoft Corp. had a choppy extended session Thursday after the company posted better-than-expected earnings. Microsoft stock MSFT, +2.11%  traded up about half a percent in the extended session after closing up 2.1% to $94.26 during regular trading. The stock began after-hours trading down 2% but has since recovered some of those losses. The Redmond, Wash.,-based … Read more

The New York Post: Parents of Otto Warmbier accuse North Korea regime of murdering the U. Va. student

The parents of Otto Warmbier are accusing North Korea of murdering their son and torturing him during his 18 months in captivity in the reclusive regime in a federal lawsuit filed Thursday, according to a report. The 22-year-old University of Virginia undergrad returned from the hermit kingdom in a coma in June 2017 and died … Read more

NewsWatch: Amazon earnings more than double, sending stock toward record highs

MARKETWATCH FRONT PAGE Amazon.com Inc.’s massive growth just grew even more massive in the first quarter, as the e-commerce giant reported Thursday that profit more than doubled and sales growth continued to accelerate. See full story. This could be the most important chart of the century for investors Ballooning debt, cash vs. stocks and an … Read more

Amazon’s Quarterly Profit More Than Doubles; Shares Soar

Print Friendly Amazon’s first-quarter profit more than doubled from a year ago, blowing past Wall Street expectations. The online retailer’s shares soared 6 percent in after-hours trading. The company earned $1.63 billion, or $3.27 per share, in the three months ending March 31 — almost triple the $1.24 per share analysts expected, according to FactSet. … Read more

The New York Post: Paul Ryan reportedly sacked House chaplain over tax-bill prayer

Getty Images Rev. Patrick Conroy, S.J. Speaker Paul Ryan forced out the Jesuit priest who had served as House chaplain since 2011 because he said in a prayer during deliberations on tax cuts that lawmakers should be “fair to all Americans,” a new report said Thursday. The Rev. Patrick Conroy’s letter of resignation, a copy … Read more

Earnings Results: Intel shares surge 8% on earnings beat, strong outlook

Intel Corp. shares rallied in the extended session Thursday after the chipmaker’s quarterly results and outlook topped Wall Street estimates and sales to data centers came in stronger than expected. Intel INTC, +3.25%  shares rallied 8% after hours, following a 3.3% gain to close at $53.05 in the regular session. The strong results follow similarly … Read more