Dow Jones futures sifted lower early Thursday, after another round of heavy selling on Wednesday sent the major stock indexes to new correction lows. More inflation data — the Labor Department’s producer price index — came out ahead of the market open. And Dow Jones media giant Disney tumbled after reporting an earnings miss late […]
waltdisney (DIS) missed earnings and sales estimates for its fiscal second quarter. But Disney+ subscriber growth blew past Wall Street expectations. Disney stock traded lower early Thursday. X In the last couple years, Dow Jones media and entertainment conglomerate Disney made a pivot to online video streaming, launching the Disney+ service, a rival to Netflix […]
The news has gone from bad to worse for SoftBank. The Japanese conglomerate said on Thursday that it had lost about $27 billion in its two Vision Funds for the year that ended in March, as many of the major tech companies it invests in have struggled under rising inflation, concerns about Covid lockdowns in […]
Take a look at some of the biggest movers in the premarket: Ford (F), General Motors (GM) – Ford fell 2.8% in premarket trading while GM slid 3.4% after Wells Fargo double-downgraded both stocks to “underweight” from “overweight.” Wells Fargo said 2022 could represent a profit peak for legacy automakers, with the shift toward electric […]
Elon Musk has a history of expressing strong opinions about hydrogen and hydrogen fuel cells. A few years ago, when the subject came up during a discussion with reporters at the Automotive News World Congress, the electric vehicle magnate described hydrogen fuel cells as “extremely silly.” JimWatson | AFP | Getty Images Tesla CEO Elon […]
A bitcoin sign is seen on a Coinstar ATM during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 8, 2022 in Miami, Florida. photo: beautiful frame (Getty Images) The cryptocurrency market continued to hemorrhage money Thursday, with the most popular coins down double-digit percentages over the past 24 hours. And absolutely no […]
The UK economy shrank by 0.1% in March and the situation is expected to worsen as the country’s cost-of-living crisis escalates. Tim Ireland | Xinhua News Agency | Getty Images LONDON — A growth slowdown is underway in the UK after the economy shrank by 0.1% in March, with economists expecting further contractions this year. […]
US stock futures declined in pre-market trading Thursday following another down day in markets as investors digested inflation data that showed price levels remained elevated in April. Futures tied to the S&P 500 slipped 0.6% after the index settled at 3,935.18, or its lowest level since March 2021. The S&P 500 is down more than […]
Beyond Meat Inc.’s not-so-good 2022 took an ugly turn for the worse Wednesday with quarterly results that lacked sizzle. The maker of plant-based meat products BYND, -13.83% reported a net loss of $100.5 million, or $1.58 a share, compared with a net loss of $27.3 million, or 43 cents a share, in the same quarter […]
Elon Musk’s tweet. (twitter) NEWYou can now listen to Fox News articles! Tesla CEO Elon Musk appeared to fire back Wednesday at proverbial fake news and attacks on him from the press, sharing an adjusted version of a popular meme featuring the human brain. Musk has been the target of criticism, largely from left-leaning outlets, […]