Peloton has struck a partnership with Amazon in a bid to broaden its customer base and win back investors’ confidence, as revenue growth slows from pandemic highs and its stock price plunges. In its first foray outside of … Read more
BitcoinBTCUSD +1.26% and other cryptocurrencies have held up better than stocks amid recent market pressures, a bullish signal that belies the fact that digital assets look to be losing momentum and could take a sharp leg lower … Read more
Shares of theater chain and meme trader favorite AMC fell sharply on Monday as the struggles of a rival company appeared to weigh on the stock. AMC was down more than 30% in premarket trading, building on … Read more
BitcoinBTCUSD –0.01% sank Friday and stocks did too. The world’s largest crypto posted losses for the week, as did equities. Could it be the two are inextricably linked? Bitcoin fell below $22,000 on Friday. Its steep drop came … Read more
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, August 8, 2022 Today’s newsletter is by Brian Sozzi, an … Read more
Robinhood Market Inc.’s dramatic move this week to reduce costs — from cutting 23% of its staff in its second layoff this year to closing two offices — raises questions about the company’s future. The … Read more
Ferrari raised its guidance for 2022 after reporting record results for the second quarter amid unprecedented demand for its high-priced sports and grand touring cars. The Italian supercar maker has been largely immune from the supply-chain … Read more
Exxon and Chevron posted record profits during the second quarter of 2022 as high commodity prices boost operations, and as the oil giants keep their spending in check. Chevron reported earnings of $11.62 billion during the three-month period, … Read more
General Motors reported second-quarter earnings Tuesday that missed Wall Street’s estimates after the company was unable to ship nearly 100,000 vehicles by quarter-end due to parts shortages. But the company maintained its previous earnings guidance for … Read more
Update (1800ET): Twitter’s Board of Directors said on Friday that they intend to close the transaction with Musk at $54.20 per share and that they plan to pursue legal action to enforce the agreement, Twitter chairman … Read more