Mike Lynch, who had just recently won a landmark U.S. fraud trial, was found dead in the wreckage of a yacht that sank off the coast of Sicily. He was 59.
Kategorie-Archiv: CNBC Financial News
Cava earnings beat estimates as restaurant traffic climbs nearly 10%
The Mediterranean restaurant chain Cava said its fiscal second-quarter traffic climbed 9.5%, bucking industry trends.
Thursday’s big stock stories: What’s likely to move the market in the next trading session
Fed minutes released Wednesday helped lift the major averages to a winning session. Here’s what CNBC TV is watching going into Thursday.
China’s self-driving startup WeRide delays U.S. IPO as deadline looms
WeRide was expected to offer 6.5 million ADS (American depositary shares) in the range of $15.50 to $18.50.
Body of British tech entrepreneur Mike Lynch retrieved from Sicily yacht wreckage
Lynch was one of 22 passengers aboard the Bayesian superyacht, which capsized while anchored off the coast of Sicily.
U.S. job growth revised down by the most since 2009. Why this time is different
There’s a lot of debate about how much signal to take from the 818,000 downward revisions to U.S. payrolls — the largest since 2009. Is it signaling recession?
Fed minutes point to ‘likely’ rate cut coming in September
The Federal Reserve on Wednesday released minutes from its July 30-31 policy meeting.
Peloton shares rise more than 15% as turnaround plan takes hold, losses shrink
Peloton has been working to generate free cash flow and return to profitability, and has made cuts to sales and marketing budgets to improve its balance sheet.
Bavarian Nordic shares pop over 13% on earnings beat, bumper mpox vaccine order
Shares of Danish biotech company Bavarian Nordic jumped Thursday after reporting first-half earnings and a bumper mpox vaccine order.
Amazon’s cloud unit may need to pass the profit growth baton to e-commerce
Amazon’s retail business has „big shoes to fill,“ according to one Wall Street research firm.