Articles

Sweden becomes second major central bank to cut rates

The dollar rallied against the Swedish krona on Thursday after Sweden’s Riksbank became the second major central bank to cut interest rates this cycle.

Anheuser-Busch InBev tops estimates in last quarter where Bud Light boycott hits growth

Anheuser-Busch InBev reported stronger-than-forecast first-quarter profits in what was the final period where the consumer boycott of Bud Light will impact growth.

KKR to acquire Perpetual’s wealth management, corporate businesses for $1.4 billion

CEO Rob Adams will retire following a period of orderly transition upon the completion of the deal.

Astera Labs’ blowout first earnings report is met with a sagging stock reaction

A sharp rally in the lead-up to Astera Labs’ earnings could help explain the stock’s negative reaction to better-than-expected results, as it could have raised the bar for the report.

Dutch Bros stock climbs on earnings as coffee chain dodges Starbucks’ harsh selloff

Starbucks Corp. may have been punished by the stock market last week after warning of a more cautious coffee drinker and stiffer competition — but on Tuesday, one of its smaller, more casual peers saw nothing of the sort from Wall Street.

Disney’s theme parks were a bright spot this quarter, but major competition looms

Disney plans $60 billion in theme-park capex over the next decade, as battle with Comcast’s Universal heats up.

Former Yahoo CEO Marissa Mayer joins Nextdoor’s board of directors

Nextdoor has named three new directors to its board, including Marissa Mayer, the former chief executive of Yahoo.

Grocery Outlet’s technical issues are piling up for its stock

Shares of Grocery Outlet Holding Corp. tumbled after hours on Tuesday after the bargain grocery chain cut its full-year profit outlook — saying glitches related to a technological upgrade hit its bottom line harder than expected.

Arista Networks OKs $1.2 billion in buybacks as revenue jumps on strong cloud demand

Arista Networks said its revenue rose more than expected in the first quarter and authorized $1.2 billion in share buybacks.

Here’s how much Virgin Galactic earned from space tourists last quarter

Virgin Galactic Holdings Inc. said late Tuesday it racked up $2 million in revenue in the first quarter, mostly from commercial spaceflight and membership fees from future space tourists.

Robinhood’s SEC battle asks if crypto is a security. The answer could change how we trade.

The way crypto is traded may be a factor in the debate over whether the digital asset is a security.

Wynn Resorts’ profit soars thanks to higher revenue across all segments

Wynn Resorts posted a higher profit in the first quarter as all four of the company’s segments logged higher operating revenues.
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