Category: United States

Analysts downgraded their price targets for Amazon.com after it reported missing its third quarter sales expectations alongside a weak sales forecast for the upcoming festive season. Amazon AMZN, -4.06% stock tanked to lows of 20% in pre-market Friday trading to $ 88.98 per share after the company reported a 15% rise in overall sales to […]

By Dominic Chopping STOCKHOLM–Electrolux AB said Friday that the group-wide cost reduction and North America turnaround program it launched during the quarter aims to cut over 7 billion Swedish kronor (638.1 million) in costs, with 3,500-4,000 jobs affected. The Swedish home-appliance manufacturer said last month it was launching a program as demand in Europe and […]

This story was updated with a more current tally of shares from Twitter’s most recent proxy statement.  When Twitter Inc.’s top executives walked out of its San Francisco headquarters Thursday, they may as well have been carrying bags of Elon Musk’s cash. Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal and Vijaya Gadde, Twitter’s […]

New British Prime Minister Rishi Sunak will not attend a major United Nations climate conference next month, the government said Thursday. Sunak’s office said the decision was based on “pressing domestic commitments” including preparations for an emergency budget on Nov. 17. His absence does not reflect a downgrade in the Conservative government’s commitment to combating […]

Data-center stocks buoyed an otherwise down chip sector Thursday as shares of Facebook parent Meta Platforms Inc. cratered on torn-in-half profits and a hike in capital spending to fuel Mark Zuckerberg’s metaverse ambitions, prompting one analyst to ask if server chips can only go up now. As shares of Meta dropped as much as 25% […]

Oil rose for a third straight session, with global benchmark crude prices settling at their highest in almost three weeks, buoyed in part by third-quarter growth in the U.S. economy. Price action West Texas Intermediate crude for December delivery CL.1, +0.91% CL00, +0.91% CLZ22, +0.91% rose $ 1.17, or 1.3%, to settle at $ 89.08 […]

The NFL’s Buffalo Bills franchise released image renderings for its new stadium that is set to open in 2026. The new stadium will cost roughly $ 1.4 billion, according to estimates, with roughly 60% of that money coming from public funds — $ 600 million will come from New York state, and $ 250 million […]

Health experts are warning of a possible “tripledemic” this winter, as COVID, flu and respiratory syncytial virus, or RSV, are now all circulating. Flu cases are also showing up earlier than usual and in higher numbers than are typical for the time of year. RSV is hitting children especially hard and has started to put […]

Credit Suisse is bringing back the “First Boston” name after 17 years as the Swiss bank unveiled a sweeping restructuring that includes a big investment from Saudi Arabia, the sale of a unit, and as many as 9,000 job cuts. The revamp was unveiled Thursday alongside a third-quarter loss of 4 billion francs ($ 4.1 […]

Lloyds Banking Group PLC on Thursday reported a 26% fall in third-quarter pretax profit after booking an impairment charge due to the weakening economic outlook, but raised its interest margin forecast. The U.K. bank LLOY, -1.76% LYG, -1.02% reported a pretax profit of 1.51 billion pounds ($ 1.76 billion) for the quarter, compared with GBP2.03 […]

Elon Musk told Twitter Inc. employees Wednesday that, contrary to an earlier news report, he does not plan on cutting 75% of the staff, according to Bloomberg News. Earlier this month, the Washington Post reported Musk — who faces a Friday deadline to buy Twitter TWTR, +1.08% for $ 44 billion — planned on slashing […]

Intel Corp. must contend with an earnings report Thursday that notably lacked a formal pre-announcement, amid a bleaker-than-expected PC market and layoff rumors — all of which may quickly overshadow the boost from Wednesday’s initial public offering of its Mobileye unit. Intel INTC, -0.73% is scheduled to report third-quarter earnings after the closing bell Thursday, […]

Shares of Sleep Number Corp. were getting pummeled in late trading Wednesday after the maker of “smart beds” slashed its earnings forecast as it deals with the twin challenges of “historically low” consumer sentiment and chip-related supply-chain issues. The company now anticipates $ 1.50 to $ 2.00 a share in earnings for the full year […]

Netflix Inc. shares have lost about half their value so far this year, and Pivotal Research Group analyst Jeff Wlodarczak sees better days ahead for the name. He double upgraded Netflix’s stock NFLX, +2.89% to buy from sell Wednesday, writing that the company could see new monetization initiatives pay off, plus it might even become […]

Good news: The U.S. economy grew again in the third quarter after shrinking in the first six months of the year. The bad news? It not going to stop growing talk of recession. Here’s how to read the third-quarter report on gross domestic product on Thursday morning. A positive turn The official scorecard of the […]

Boeing Co. reported a widening third-quarter loss and revenue that missed analysts’ estimates by almost $ 2 billion early Wednesday amid what the company’s CEO described as a “challenging environment.” Boeing’s BA, +3.24% stock was down 0.68% before market open. The aircraft maker’s stock ended Tuesday’s session up 3.24%, outpacing the S&P 500 Index’s SPX, […]

U.S. stock futures fell on Wednesday after results from tech behemoths Microsoft and Alphabet disappointed investors. How are stock-index futures trading S&P 500 futures ES00, -0.81% dipped 23 points, or 0.6% to 3847 Dow Jones Industrial Average futures YM00, -0.21% rose 2 points, or 0% to 31879 Nasdaq 100 futures NQ00, -1.71% eased 164 points, […]

By Giulia Petroni Iberdrola SA on Wednesday said that earnings for the first nine months of the year rose and backed its 2022 profit guidance. The Spanish energy company said net profit rose to 3.10 billion euros ($ 3.07 billion) in the period from EUR2.41 billion in the previous year, driven by a strong performance […]

Spotify Technology S.A. Chief Executive Daniel Ek on Tuesday floated the possibility of raising prices in the U.S., after the music-streaming service forecast weaker margins following a slowdown in advertising growth. Ek, during the company’s earnings conference call, said he believed Spotify SPOT, +2.52% had “significant pricing power,” thanks in part to lower churn than […]

Chipotle Mexican Grill Inc. on Tuesday reported continued growth, with third-quarter profit beating analysts’ expectations, though its price increases have caused lower-income customers to pull back. Chipotle CMG, +2.47% shares initially rose almost 4% in extended trading before losing those gains during the company’s earnings call, finishing after-hours trading down 1.5%. Shares had risen 2.7% […]