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Blackbaud Inc. News

Luckin Coffee Office Raided as China Regulators Probe Fraud at Starbucks Rival

Luckin said earlier this month that more than $300 million in sales may have been fabricated last year, triggering a plunge in shares and investigations in the U.S. and China.

Luckin Coffee Shares Plunge After China Launches Probe in Fake Sales Scandal

Luckin said fabricated sales worth more than $300 million are being investigated, and that investors can no longer rely on its prior financial guidance.

FAANG Stocks Aren't the Only Tech Sector Overdue for a Plunge

Software stocks have been on fire for several quarters. Now, they could be a overdue for a pullback right along with the FAANG names.

Why These Tech Companies Could Become Private Equity Targets in 2018

Private equity continued to be a force in technology in 2017 and that is likely to continue.

Analysts' Actions -- Analog Devices, Abercrombie, CBS, McKesson and More

Here are Wednesday's top research calls, including downgrades for Abercrombie & Fitch, CBS and McKesson, and an upgrade for Analog Devices.

Breaking News

Morgan Stanley Stock Leads Gains As Banks Boost Dividends After Fed Stress Tests

Morgan Stanley, Wells Fargo, Bank of America and Goldman Sachs will lift their quarterly dividend, while JPMorgan will hold its steady following last week's Fed stress tests.

Nike Stock Slides As As Margin Pressures, China Worries Offset Q4 Earnings Beat

"We think we're well positioned for growth in fiscal year 2023 ... having said that, we did take a cautious approach to Greater China," said CFO Matthew Friend.

Playtika Stock Slumps After Joffre Capital Takes 25.7% Stake Online Casino Gaming Group

Axios reported late Monday that tech buyout group Joffre Capital is seeking a majority stake in the online casino video game group.

Walgreens Stock Slides As Group Scraps Plan to Sell UK-based Boots

"As a result of market instability ... no third party has been able to make an offer that adequately reflects the high potential value of Boots," Walgreens said.