WeWork’s stock fell more than 25% after the company warned of a potential bankruptcy.
Schlagwort-Archiv: Markets
China’s consumer prices fall for the first time in 2 years, as fears of deflation grow
Lackluster domestic demand has persisted since the pandemic.
Stocks making the biggest moves after hours: Penn Entertainment, Super Micro Computer, Rivian and more
These are the stocks posting the largest moves in extended trading.
Goldman Sachs says chief of staff John Rogers to step back from longtime role
The move comes at a key time for Goldman CEO David Solomon, who has endured criticism over a failed consumer banking effort, his DJ hobby and other missteps.
Roblox shares drop 17% after company misses estimates on top and bottom line
Roblox reported its second-quarter results Wednesday.
Sony raises forecast on PlayStation gaming growth but profit drops 31% in first quarter
Sony on Wednesday reported a 31% fall in profit in the June quarter — but raised full-year sales forecasts on the back of strength in its PlayStation business.
Rocket Lab results match Wall Street estimates, company adds contracts for 10 launches
Rocket Lab reported second-quarter results on Tuesday that largely met Wall Street’s expectations.
Rivian raises 2023 EV production guidance, posts narrower-than-expected quarterly loss
Rivian now expects to build about 52,000 vehicles in 2023, more than twice the number it made in 2022.
Banks hit with $549 million in fines for use of Signal, WhatsApp to evade regulators’ reach
Wells Fargo, a relatively small player on Wall Street, racked up the most fines Tuesday, with a total of $200 million in penalties.
Philadelphia Fed President Patrick Harker suggests interest rate hikes are at an end
A voter this year on the rate-setting FOMC, Harker noted progress in the fight against inflation and confidence in the economy.