Workday’s stock sees a record surge. Could a buyout spark a software revival?
Shares of the HR software company rose 18% on Thursday on reports of a potential private-equity acquisition.
Shares of the HR software company rose 18% on Thursday on reports of a potential private-equity acquisition.
Microsoft (MSFT +3.02%) had itself a day on Thursday. Shares of the software giant jumped 15.5% to $451.10 following its fiscal fourth-quarter report. It was the stock’s biggest one-day percentage gain since 2008, and it added about $450 billion of market value in a single session. The report earned the reaction. The quarter (ended June…
For most of their history, advisory firms were incredibly illiquid small businesses, and founders had to spend years or even a full decade training a successor in the hopes of having someone, anyone, to pay for the value of the equity that had been built. But over the past 15 years, a combination of low…
Amazon (AMZN 0.73%), the company most people file under “expensive growth stock,” trades at a lower forward price-to-earnings ratio than two old-school retailers, Walmart (WMT +1.48%) and Costco Wholesale (COST +0.33%). The forward P/E ratio, for anyone newer to this, simply measures how many dollars investors are paying today for each dollar of a company’s…
FASB published a proposed Accounting Standards Update (ASU) that is intended to improve accounting guidance for interest rate risk hedging and net investment hedging. The comment deadline is Aug. 17. During FASB’s 2025 agenda consultation project and other outreach, stakeholders acknowledged the Board’s recent efforts to better align hedge accounting with the economics of entities’…
The Senate on Wednesday confirmed Dr. Erica Schwartz as director of the Centers for Disease Control and Prevention, placing her in charge of a public health agency beleaguered by political meddling and low morale. Schwartz was confirmed in a 51-44 vote. The 54-year-old becomes the 22nd leader of the Atlanta-based CDC, which is charged with protecting Americans…
A U.S. appeals court on Monday allowed thousands of lawsuits to move forward against Meta Platforms, Alphabet’s Google, ByteDance’s TikTok, and other social media companies over claims they designed their products to be addictive to young users. The San Francisco-based 9th U.S. Circuit Court of Appeals rejected the companies’ bid to reverse a lower court’s…