disruptions
- Stock Market
AMC announces special dividend in the form of ‘Ape’ preferred shares; stock falls
AMC Entertainment Holdings Inc.’s stock fell more than 7% in extended trading on Thursday after the company announced a special dividend…
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Intel stock plummets after wide earnings miss, execution mistakes
Intel Corp. shares plunged in the extended session Thursday after the chip maker missed Wall Street estimates by a wide…
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Amazon cost cuts can’t stop a second consecutive loss, but sales beat sends stock more than 10% higher
Amazon.com Inc. decided to cut back after years of pouring money into growth, and the result was a second consecutive…
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Facebook revenue declines for first time, and Meta’s downfall is expected to get worse
The second quarter was as bad as Meta Platforms Inc. executives feared, and the third quarter is expected to be…
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Upstart stock plunges again after admitting it won’t hit disappointing forecast
Upstart Holdings Inc. disappointed investors with its guidance in May, and faces Wall Street’s wrath once again after admitting Thursday…
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Congressional review of ‘meme stock’ trading frenzy shows Robinhood’s liquidity troubles worse than reported
The House Financial Services Committee on Friday issued a long-awaited report on the “meme” stock phenomena, shining new light on…
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Fed says banks could withstand 10% unemployment, 55% stock price drop in annual stress test
The Federal Reserve Board on Thursday projected the potential for a rockier road ahead for banks than it did a…
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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 stock plunges more than 15% after sales miss, annual forecast reduction
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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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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