Lululemon Shares Tumble on Profit Warning for Holiday Quarter
The athletic-gear maker’s earnings targets came in below Wall Street’s expectations. Source link
share price movement
Tesla Stock Falls 12%, Posting Worst Drop in Over Two Years
Wall Street resets 2023 vehicle-delivery expectations after last year’s numbers fell short. Source link
Tesla Stock Fell 65% in 2022, Its Biggest-Ever Annual Decline
Tesla Inc. closed the worst year in the stock’s history, having lost more than $700 billion in market valuation amid...
Elon Musk’s Finances Complicated by Declining Wealth, Twitter Pressures
The billionaire’s borrowing power has shrunk as shares in Tesla have sharply declined. Source link
Investors Grow More Confident Fed Will Pull Off a Soft Landing
Mutual funds and hedge funds are putting money in stocks that would benefit from slowing inflation and falling rates. Source...
Macy’s, Kohl’s Sales Drop as Shoppers Delay Holiday Buying
Both department store chains said the outlook for the important year-end quarter remained uncertain. Source link
Tencent Slashes Meituan Stake Worth $20 Billion, Posts Revenue Drop
BusinessEarningsChinese social-media giant plans to distribute food-delivery company’s shares as special dividend to Tencent shareholders Source link
Disney Shares Slide as Streaming Losses Balloon
BusinessEarningsDeclines in streaming more than doubled in the recent quarter but have reached their peak, says CEO Bob Chapek Source...
Kohl’s CEO Michelle Gass Resigns to Join Levi Strauss
CEO Michelle Gass has been under attack from activist investors for sales declines and a steep drop in the department-store...
Lyft Shares Slide After Disappointing Revenue and Ridership Numbers
BusinessEarningsThe number of people using the ride-sharing app rose less than analysts had been predicting Source link
Facebook Parent Meta’s Earnings Fall Short as Revenue Decline Accelerates
Facebook parent Meta Platforms Inc. META -5.59% posted its second revenue decline in a row, as the social-media giant wrestles...
UPS Earnings Rise as Higher Prices Offset Shipping Slowdown
United Parcel Service Inc.’s profit climbed in the third quarter despite a downtick in shipping volumes as higher prices buoyed...
WSJ News Exclusive | Peloton Co-Founder John Foley Faced Repeated Margin Calls From Goldman Sachs as Stock Slumped
John Foley, the co-founder and former chief executive of Peloton Interactive Inc., PTON -3.41% faced repeated margin calls on money...
Meme Lord Ryan Cohen Unloads Bed Bath & Beyond Bet, Sending Shares Spiraling
Billionaire investor Ryan Cohen cashed out his entire position in Bed Bath & Beyond Inc. BBBY -19.63% this week, capping...
Bed Bath & Beyond Shares Surge Despite Liquidity Concerns
Bed Bath & Beyond Inc. shares soared as much as 70% on Tuesday before retreating to close up 29%, defying...
Ford’s U.S. Sales Increase 32% in June, Outpacing Broader Industry
Ford Motor reported a nearly 32% increase in U.S. sales in June, beating out much of the industry as it...
Bed Bath & Beyond CEO Mark Tritton Exits as Sales Plunge
When Mark Tritton took the helm of Bed Bath & Beyond in 2019, he moved quickly to overhaul the home-goods...
Snap Issues Profit Warning on Economic Conditions Including Inflation
Snap Inc. SNAP -3.40% issued a profit warning Monday and said it planned to slow hiring and spending, adding to...
Elon Musk Says Twitter Deal Is on Hold, Sending Shares Lower Premarket
Elon Musk said his deal to buy Twitter Inc. TWTR -2.19% was on hold pending details on the amount of...
Ford Sells About 8% of Its Stake in Electric-Vehicle Startup Rivian
Ford Motor Co. has sold off about 8% of its stockholdings in Rivian Automotive Inc., according to people familiar with...
