Articles

Lockheed Martin drops $300 million buyout bid for Terran Orbital

Lockheed Martin has withdrawn an offer to acquire satellite maker Terran Orbital for nearly $300 million.

Amgen expects data from weight-loss drug trial later this year

Plans for more trials are proceeding apace, drugmaker says.

These tips for investing in mutual funds and ETFs can help your portfolio grow

Downside protection, a veteran fund manager’s secrets, and commodity ETFs get a bid.

Cloudflare’s stock is tanking after revenue outlook disappoints investors

Cloudflare Inc.’s stock was free-falling in extended trading Thursday, following a quarterly report that was largely in line with analyst estimates but included a revenue outlook that fell short.

Coinbase had over $1 billion in quarterly profit after crypto-trading explosion. Elevated costs have come with it.

A boom in crypto trading during the first quarter led cryptocurrency exchange Coinbase Global to a dramatic reversal of fortunes from the prior year, but the company warned of “elevated expenses” in the second quarter as it tries to handle the flood.

Fortinet’s stock falls 9% after cybersecurity company’s quarterly billings drop

Shares of Fortinet Inc. fell 9% in the extended session Thursday after the cybersecurity company reported a better-than-expected first quarter and guidance that went beyond Wall Street forecasts, but billings were slightly off the mark.

Mall giant Macerich likely to start defaulting on maturing loans, says Barclays

The Federal Reserve’s extended period of higher interest rates is hitting home for mall owners with maturing debt.

DraftKings posts surge in revenue, hikes full-year sales guidance

DraftKings Inc. rang up a huge spike in revenue and raised its full-year sales guidance on Thursday, sending its stock up 3% in extended trading.

Why investor appetite for commodity funds picked up despite ETF flows broadly seeing ‘pretty big drop’ in April

ETF investors shifted their “buying-behavior rhythm” in April, according to the head of SPDR Americas research at State Street Global Advisors.

Block’s stock shoots higher as Square parent boosts its earnings outlook

Also contributing was momentum across the company’s two main business areas, the Cash App mobile wallet and the Square merchant business.

IRS says audits for rich people and corporations are about to hit a whole new level. Buckle up.

The tax agency announced goals Thursday in an effort to show what it’s doing to maximize the billions of dollars provided by the Inflation Reduction Act.

Dave & Buster’s allowing arcade gambling raises ‘significant concerns,’ advocacy group says

One problem-gambling organization is concerned about ‘youth exposure’ to betting at Dave & Buster’s.
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