Financial performance
- Stock Market
Rivian loses nearly $2 billion in second quarter as expenses mount
Rivian Automotive Inc. late Thursday reported a narrower-than-expected quarterly loss, but called for steeper losses for the year, warned about…
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Disney to raise streaming prices while launching ad-supported tier, stock pops as subscriber total tops Netflix
Walt Disney Co. added more streaming subscribers than expected and topped Netflix Inc.’s total in the second quarter, and plans…
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Micron stock falls as company issues revenue warning amid ‘challenging’ memory conditions
Micron Technology Inc. shares were falling more than 4% in premarket trading Tuesday after the memory-chip company said that it…
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Munich Re 2Q Net Pft EUR768M
Muenchener Rueckversicherungs-Gesellschaft AG said Tuesday that profit and premiums in the second quarter beat expectations, though losses increased and the…
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Nvidia stock tumbles after company says revenue fell way shy of expectations
Shares of Nvidia Corp. were tumbling 7% in premarket trading Monday after the semiconductor company disclosed that it expects to…
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5 things we’ve learned from earnings season so far: How big an impact is inflation having?
More than 80% of the S&P 500 index’s companies have reported second-quarter results so far, and at least five key…
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Beyond Meat reports drop in revenue, announces 4% layoffs
Beyond Meat Inc. reported another rough quarter Thursday, leading to announced layoffs that underscore a bleak outlook from Wall Street.…
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Block stock drops after earnings, as Square’s parent company swings to a loss
Shares of Block Inc. fell 6% in after-hours trading Thursday after the payment-technology company swung to a loss in an…
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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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Robinhood to lay off 23% of its workforce, with CEO admitting ‘this is on me’
Robinhood Markets Inc. plans to cut its staff by 23%, citing the weakening economic environment and depressed trading activity. Chief…
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