JC Penney reports weaker-than-expected comparable sales; stock plunges

J.C. Penney on Friday turned in a mixed report for the second quarter, saying that although the retail environment remains challenged, it sees signs of hope in the second half of the year. But with earnings and same-store sales falling short of Wall Street estimates,...

Snap plunges 15% to under $12 after another disappointing earnings report

Snap has not snapped back. The social media company reported worse-than-expected quarterly results on Thursday, with a loss that was steeper than expected and revenue that missed estimates, as it added fewer users than Wall Street anticipated. Snap added 7 million...

Nintendo is getting sued over the design of its detachable Switch console controllers

Video game developer Nintendo is being sued by a U.S. mobile gaming accessory company that claims the controllers for the Nintendo Switch console infringes on a patent for its own product. Gamevice, which makes video game controllers to attach to tablets and...

UK firefighters tackle smoke at Oxford Circus station, not seen as suspicious

British firefighters said on Friday they were investigating the cause of smoke on an underground train at Oxford Circus station in the centre of London’s main shopping district, although police said the incident was not being treated as suspicious. “We are...

This analyst thinks tech stocks will continue growing faster than the rest of the market

Tech stocks could be set to continue outpacing other industries, an analyst has told CNBC. “Tech companies are beating earnings way better than any other group in the S&P, so we do think that’s going to continue,” Mike Bailey, director of...