Financial Performance
- Market
Wendy’s Shares Jump 17% On Potential Acquisition by Trian
By Denny Jacob Wendy’s Co. shares jumped 17% to $19.08 in after-hours trading Tuesday after its largest shareholder said it…
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Zoom Still Needs the Little People
Zoom’s revenue growth from online customers has been slowing notably over the last few quarters. Photo: Justin Sullivan/Getty Images The…
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Cenkos scores five hires to bolster growth
Institutional stockbroker Cenkos has scored five new hires as it looks to grow its corporate finance, sales and research teams. Former head…
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Snap stock falls 30% after Snapchat parent says it will miss estimates due to deteriorating economy
Snap Inc. stock fell more than 30% in the extended session Monday after the Snapchat parent said it likely will…
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Zoom stock rallies 20% after earnings beat, improved profit forecast
Zoom Video Communications Inc. shares soared in the extended session Monday after the videoconferencing company topped Wall Street’s earnings expectations…
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Buy the dip or sell the ‘rip’?: What’s ahead for stock investors as ‘sticky’ inflation fears heighten consumer concern
Investors, already grappling with a sinking stock market and fears that the U.S. economy may be heading for a recession,…
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Here’s the real reason the stock market is coming unglued — and it isn’t because of weak earnings
An earnings recession is not the biggest threat facing the stock market right now. That may seem a curious assertion…
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SEC set to probe auditors’ fastest-growing businesses
When the two top executives of a hot electric-vehicle startup made share purchases that later drew scrutiny, they were helped…
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Tesla Loses Top Spot in Cathie Wood’s Flagship Fund. This Stock Is the New No. 1.
Cathie Wood Courtesy of ARK ARK Invest founder Cathie Wood is a long-time Tesla bull. Her 2026 price target for…
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Richemont FY22 Sales EUR19.18B
By Joshua Kirby Compagnie Financiere Richemont AG on Friday posted strong sales growth and profitability for fiscal 2022, despite geopolitical…
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Cannabis investors suffer comedown as high-flying pot funds shrink 45%
The high around cannabis stocks appears to have faded, with funds in the global sector reporting a sharp drop in inflows and woeful…
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Boeing Gets Good News: It Flipped an Airbus Customer
A Boeing 737 MAX 10 airliner. Ellen Banner-Pool/Getty Images British Airways parent International Consolidated Airlines gave Boeing investors some good…
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Cisco stock heads for worst day in more than a decade as China shutdown blamed for poor outlook
Cisco Systems Inc. shares were on track for their worst day in more than a decade Thursday, as analysts voiced…
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Bavarian Nordic shares surge on order for monkeypox vaccine amid Europe outbreaks; one case in the U.S
Shares of a Danish pharmaceutical group surged on Thursday after the company received an order for its vaccine to treat…
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Cisco Rings a Worrisome Bell
Cisco Systems CSCO -4.43% is nothing if not reliable. Rare disappointments tend to be painful. The tech heavyweight known best…
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Cisco stock plunges more than 15% as China lockdown, uncertainty weigh on outlook
Cisco Systems Inc. shares plunged in the extended session Wednesday after the tech bellwether’s revenue and forecast fell well short…
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AMC discloses large passive investment in National CineMedia
Shares of National CineMedia Inc. soared Wednesday, after movie theater operator AMC Entertainment Holdings Inc. disclosed that it acquired a…
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Meet the man behind the UK sanctions regime
“It feels a little bit like on variety TV shows years ago. You had those people who spin plates, and…
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U.S. retail sales climb in April in a sign economy still has vigor
The numbers: Sales at U.S. retailers rose a solid 0.9% in April and signaled the economy still has plenty of…
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Dow jumps over 300 points after retail sales data as investors await Fed’s Powell
U.S. stocks were in bounce mode Tuesday as retail sales for April suggested the economy remained healthy and investors awaited…
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Lordstown Motors’ Ability to Stay in Business Hinges on Raising Capital, Valuation, CFO Says
Lordstown Motors Corp.’s ability to stay in business for at least another year remains in doubt until it secures more…
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Abbott, FDA reach deal to resume making baby formula at U.S. plant amid shortage
Abbott Laboratories and the Food and Drug Administration reached a deal Monday to restart production of baby formula at a…
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Elon Musk says $44bn Twitter deal is on hold
Elon Musk said his deal to buy social media platform Twitter is on hold because of pending calculations over spam and…
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Ryanair FY 2022 Net Loss Narrowed, Beats Consensus; Expects Return to Profitability in FY 2023
By Anthony O. Goriainoff Ryanair Holdings PLC said on Monday that its net loss for the fourth quarter narrowed as…
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Robinhood stake acquired by FTX founder Sam Bankman-Fried
One of the biggest names in cryptocurrencies is betting on individual investors. Sam Bankman-Fried, the 30-year-old billionaire who founded the cryptocurrency exchange…
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Apple Is No Longer World’s Most Valuable Company
Apple’s stock is down roughly 20% for the year and down nearly 10% so far this month. Photo: SeongJoon Cho/Bloomberg…
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SoftBank Reports Its Biggest-Ever Full-Year Loss
“The world is in a chaotic situation,” said Chief Executive Masayoshi Son, citing Covid-19 and Russia’s invasion of Ukraine. “In…
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Merck KGaA 1Q After-Tax Pft EUR884M
By Xavier Fontdegloria Merck KGaA said Thursday that it expected higher profit and sales for 2022 after earnings and revenue…
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Disney stock turns to a loss after warning about rough road ahead for streaming
The Walt Disney Co. added more streaming subscribers than expected in the wake of problems at rival Netflix Inc., but…
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Rivian reaffirms production outlook despite supply-chain snags, boosting stock
Rivian Automotive Inc. stock rose more than 8% in after-hours trading Wednesday after the electric-vehicle maker kept its 2022 production…
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Beyond Meat’s stock slides 26% on weak sales, heads lower than IPO price for first time
Beyond Meat Inc.’s not-so-good 2022 took an ugly turn for the worse Wednesday with quarterly results that lacked sizzle. The…
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Coinbase Stock Keeps Sliding After Earnings Report
The biggest cryptocurrency exchange in the U.S. said it was bleeding users, reflecting continued destruction in the crypto market and…
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Coinbase says it is bleeding users as Nasdaq and bitcoin continue to fall
The biggest cryptocurrency exchange in the US said it was bleeding users, reflecting continued destruction in the crypto market and…
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Siemens Energy 2Q Net Loss EUR252M
By Giulia Petroni Siemens Energy AG said Wednesday that its loss widened in the second quarter of its fiscal year,…
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Here’s a list of 50 companies that are well-armed to beat back inflation
Another turnaround Tuesday may be in the cards after a litany of concerns including stagflation dragged the S&P 500 SPX,…
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Here’s the case for buying Netflix’s stock now
Netflix Inc. has become a value stock — a bargain, according to Charles Lemonides, chief investment officer at ValueWorks in…
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China’s Car Sales Plunge 35.5% Amid Covid Lockdowns
By Selina Cheng HONG KONG–Car sales in China plunged 35.5% from a year earlier in April, recording their worst drop…
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Munich Re 1Q Net Pft EUR608M Vs. Pft EUR589M
By Ed Frankl Muenchener Rueckversicherungs-Gesellschaft AG said Tuesday that first-quarter profit rose slightly on lower-than-average major losses in its property-casualty…
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Palantir stock tumbles toward worst drop on record after outlook falls short
Executives at Palantir Technologies Inc. see the software company as strongly positioned for the current uncertain environment, but shares were…
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BP, Shell shareholders warn against ‘meddling’ windfall tax
Bumper profits at Shell and BP have reignited calls for a windfall tax on oil giants to combat soaring energy…
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Why splitting HSBC won’t clear political landmines
HSBC, Europe’s most valuable bank, makes most of its money in Asia but is headquartered in the UK. Now its…
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Apollo pushes into funds for wealthy investors
Apollo Global Management said it will release a slate of funds designed for individual investors, making it the latest alternative-asset…
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Here’s why Elizabeth Warren is concerned over Fidelity’s bitcoin pension plan
Senator Elizabeth Warren voiced concerns about Fidelity Investments’ plan to include bitcoin in customers’ 401(k) accounts, calling it “a risky…
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Adidas 1Q Sales EUR5.3B
By Joshua Kirby Adidas AG said it expects full-year profitability to be dragged by continued declining sales in Greater China…
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International Cons Airlines GroupIAG 1Q Passenger Capacity 65% of 2019
By Anthony O. Goriainoff International Consolidated Airlines Group SA said Friday that operating loss for the first quarter narrowed as…
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UniCredit 1Q Net Pft EUR247M
By Cristina Roca UniCredit SpA reported a drop in first-quarter earnings Thursday, dragged by rising provisions related to its Russian…
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UniCredit reports fall in Q1 earnings from poor performance of Russia business
UniCredit reported a drop in first-quarter earnings on 5 May, dragged by rising provisions related to its Russian business, and…
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Robinhood boosts trading app with stock trading service
Robinhood Markets said on 4 May that it is adding stock lending to its trading app, the latest in a…
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BMW Backs 2022 View
By Kim Richters BMW AG said Thursday that profit for the first three months of the year jumped as it…
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Fed lifts interest rates and to wind down $9 trillion bond stockpile in double-pronged attack on high U.S. inflation
“Inflation is much too high and we understand the hardship it is causing,” said Fed Chairman Jerome Powell in what…
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