Earnings Results: Dropbox stock falls nearly 10% after earnings easily beat expectations, COO steps down

Earnings Results: Dropbox stock falls nearly 10% after earnings easily beat expectations, COO steps down
Dropbox Inc. reported better quarterly earnings and revenue than expected Thursday, as the cloud-storage company grew its paying customer base and earned more from each user than Wall Street projected, but shares still dropped in late trading. Dropbox stock DBX, +9.13%   fell nearly 10% in the extended session after the second-quarter earnings report, which also included news that Chief... Read More

The Wall Street Journal: New airline rules haven’t stopped an increase in pets, including emotional-support animals

The Wall Street Journal: New airline rules haven’t stopped an increase in pets, including emotional-support animals
Airline efforts to corral the menagerie of animals in airplane cabins have fizzled this summer. Delta DAL, +0.20% American AAL, -1.20% United UAL, -0.05%   and other carriers tightened requirements on emotional-support animals, trying to curb the dramatic increase in dogs, cats and other creatures flying uncaged with airline passengers. In some cases, 50-pound dogs share space in cramped coach... Read More

The Wall Street Journal: WeWork raises another $1 billion from SoftBank, doubles revenue

The Wall Street Journal: WeWork raises another $1 billion from SoftBank, doubles revenue
WeWork Cos. on Thursday disclosed it raised another $1 billion in funding from SoftBank Group Corp., as the shared-office company continues its rapid growth by doubling revenue but piling up losses, according to newly released financial information on Thursday. The New York-based company said its loss in the first half of the year more than tripled to $723 million from... Read More

The Tell: Crypto’s technical backdrop is deteriorating

The Tell: Crypto’s technical backdrop is deteriorating
The technical outlook for bitcoin and other digital currencies has come somewhat unhinged, with all major coins breaking down over the past few sessions, setting up patterns that could spell disaster for digital-currency bulls. One day after falling 10%, trading to a three-and-a-half-week low, bitcoin righted the ship Thursday, holding above the crucial $6,000 level. However, while the wave of... Read More

One reason wages aren’t rising faster: the gutting of middle-manager positions

One reason wages aren’t rising faster: the gutting of middle-manager positions
Wage growth remains stubbornly low — and one trend across many U.S. companies could be contributing to the problem: Cutting middle managers. Even though the economy added 1.5 million jobs so far in 2018, wage growth has been persistently sluggish, said Brian Kropp, group vice president of the HR Practice at Gartner, a global research and advisory firm. “Companies continue... Read More

The Ratings Game: Yelp stock soars to 52-week high as earnings penetrate the pessimism

The Ratings Game: Yelp stock soars to 52-week high as earnings penetrate the pessimism
Yelp Inc. shares soared to a new 52-week high Thursday, after an earnings beat defied pessimism about the online-reviews site’s move to shorter-term advertising commitments. Yelp YELP, +26.65%  gained as much as 30.4% in Thursday’s session before closing with a 26.7% gain at $48.33, the third-largest one-day percentage gain in Yelp’s history. The move follows the release of second-quarter earnings... Read More