April’s consumer price index report expected to show inflation has already peaked

April's consumer price index report expected to show inflation has already peaked

Shoppers inside a grocery store in San Francisco, California, US, on Monday, May 2, 2022. David Paul Morris | Bloomberg | Getty Images April’s consumer price index report is expected to show inflation has already reached a peak — a development that some investors say could temporarily soothe markets. But economists say, even with a … Read more

Coinbase Stock Keeps Sliding After Earnings Report

Coinbase Stock Keeps Sliding After Earnings Report

The biggest cryptocurrency exchange in the US said it was bleeding users, reflecting continued destruction in the crypto market and investors’ unease about risky assets. Coinbase Global Inc. CORNER -12.60% said Tuesday that it lost hundreds of millions of dollars in the first quarter, sending the stock tumbling in after-hours trading. Following the after-market report, … Read more

Peloton, Novavax, Vroom and more

Peloton, Novavax, Vroom and more

Take a look at some of the biggest movers in the premarket: Peloton (PTON) – Peloton shares plunged 25.8% in the premarket after the fitness equipment maker reported a larger-than-expected quarterly loss and projected current-quarter revenue below estimates due to softening demand. Novavax (NVAX) – Novavax sank 23% in premarket trading after the vaccine maker … Read more

Uber, Amazon, and Facebook Have Slowed Hiring. Why Others Could Follow.

Uber, Amazon, and Facebook Have Slowed Hiring. Why Others Could Follow.

Text size Uber is one of multiple tech companies slowing down hiring and cutting back on spending. Drew Angerer/Getty Images facebook parent Meta Platforms, ride-share service provider Uber Technologies and tech and online retail giant Amazon.com have announced hiring slowdowns in recent weeks. It’s all about keeping down costs, according to one economist. Peter Boockvar, … Read more

Palantir, Rivian, Uber and more

Palantir, Rivian, Uber and more

Take a look at some of the biggest movers in the premarket: Palantir Technologies (PLTR) – The data analytics software company’s shares plunged 15.1% in premarket trading after posting a mixed quarter. Palantir reported profit of 2 cents per share, compared to a 4 cents a share consensus estimate. Revenue was higher than expected, however, … Read more

Under Armour (UAA) reports sales below Wall Street estimates

Under Armour (UAA) reports sales below Wall Street estimates

The interior of an Under Armor store is seen on November 03, 2021 in Houston, Texas. Brandon Bell | Getty Images Under Armor sees a tough year ahead, roiled by global supply chain challenges and another round of Covid lockdowns in China that are putting a dent in demand. The sneaker and apparel maker on … Read more

Highest quarterly profit since 2008 on strong oil prices

Highest quarterly profit since 2008 on strong oil prices

Shell posted adjusted earnings of $9.1 billion for the first quarter of 2022. Ben Stansall | dpa | Getty Images LONDON — Oil giant Shell on Thursday reported its highest quarterly profit since 2008 on soaring commodity prices, fueling calls for a one-off windfall tax on oil and gas companies to help UK households with … Read more

Stocks Open Mixed Ahead of Fed Decision

Stocks Open Mixed Ahead of Fed Decision

US stocks wavered Wednesday ahead of the Federal Reserve’s interest-rate decision. The S&P 500 gained less than 0.1% in early New York trading. The tech-focused Nasdaq Composite Index slipped 0.1% while the Dow Jones Industrial Average was roughly flat. Fed officials are widely expected to announce Wednesday afternoon that they are raising interest rates by … Read more

Uber, Brinker, Generac and more

Uber, Brinker, Generac and more

Check out the companies making headlines before the bell: Uber (UBER) – Uber fell 1% in premarket trading after it reported a quarterly loss and revenue that beat estimates. Uber saw ride volumes increase during the quarter while food deliveries also continued to grow. Brinker International (EAT) – The parent of Chili’s and other restaurant … Read more

CVS Health (CVS) Q1 2022 earnings

CVS Health (CVS) Q1 2022 earnings

A CVS Pharmacy store is seen in the Manhattan borough of New York City, New York. Shannon Stapleton | Reuters CVS Health on Wednesday outpaced Wall Street’s expectations for first-quarter earnings and raised its guidance for the year, as it saw demand for prescriptions and more, while demand for Covid vaccines and testing declined. The … Read more