Beyond Meat Inc. reported another rough quarter Thursday, leading to announced layoffs that underscore a bleak outlook from Wall Street. A drop in revenue and lowered forecast mirrored a recent harsh assessment from JP Morgan analysts, sizing up Beyond’s star-crossed relationship with McDonald’s Corp. MCD, -0.55%, among other factors....
Shares of Block Inc. fell 7% in after-hours trading Thursday after the payment-technology company swung to a loss in an earnings report that seemed to cause some controversy about whether the company actually beat or missed expectations on several key metrics. Block SQ, +1.85%, which somewhat recently changed...
WASHINGTON — Senate Democrats have reached an accord on changes to their marquee economic legislation, they announced late Thursday, clearing the major hurdle to pushing one of President Joe Biden’s leading election-year priorities through the chamber in coming days. Sen. Kyrsten Sinema, D-Ariz., a centrist who was seen as...
Tesla Inc. shareholders on Thursday approved a proposal expected to lead to a 3-for-1 stock split and sided with the company on most of the proposals up for a vote. Tesla TSLA, +0.40% announced preliminary vote results at its gigafactory in Austin, its new corporate headquarters, at the...
AMC Entertainment Holdings Inc.’s stock fell more than 7% in extended trading on Thursday after the company announced a special dividend in the form of “Ape” preferred shares. The dividend marks the latest move in a fight over stock issuances. AMC Entertainment Holdings Inc. AMC, +2.47% has turned to the...
Oil futures tumbled Thursday as fears rose over a global economic slowdown that could dent demand, sending the U.S. crude benchmark to its first finish below the $90-a-barrel threshold since February.Price action West Texas Intermediate crude for September delivery CL.1, -2.74% CL00, -2.74% CLU22, -2.74% slumped $2.12, or...
Shares of AMTD Digital Inc. HKD, -20.00% tumbled 38.1% in midday trading Thursday, and have now shed 59.4% in two days, after the recently public Hong Kong-based digital business developer made headlines with a 3,729% rocket ride amid a six-day win streak. Volume was just about 39,200 shares in...
Meta Platforms Inc. META, +0.33% launched its first ever corporate bond offering on Thursday, without disclosing either the size of the deal or its pricing. Proceeds will be used for general corporate purposes, which may include capital expenditures, repurchases of outstanding shares of its common stock, acquisitions, or investments,...
Kiyosaki’s Tweet Warns about a Bigger Bond Market Crash American businessman and author of the best-selling novel, “Rich Dad, Poor Dad,” Robert Kiyosaki, tweeted his thoughts on the biggest bond market crash since 1788. He even noted the massive crash of China’s real estate bon......
The Bank of England, as expected, delivered its largest rate hike in more than 27 years on Thursday in an effort to rein in inflationary pressures that policy makers said have "intensified significantly" since the last meeting of the rate-setting Monetary Policy Committee. The committee voted 8-1 to lift...