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Fastly shares sink 30% on weaker guidance

Fastly shares dived 30% in afterhours trading following guidance for the second-quarter and 2024.

If history is any indication, the economic impact of campus protests could be felt at colleges across the U.S.

In the 1960s, some policymakers reacted to protests by curtailing funding for colleges. Today, lawmakers are threatening to do the same.

Cantor’s Howard Lutnick says Fed will ‘show off’ with one rate cut in September

A third of maturing commercial real-estate loans are ‘totally underwater,’ Lutnick says

Enovix shrinks quarterly loss, vows to cut costs as battery maker’s stock soars 20%

Battery maker narrows quarterly loss and says it plans to cut more costs on its road to profitability.

Yen surges against U.S. dollar amid fears of further intervention

Japan’s yen violently strengthened against the U.S. dollar late Wednesday, sparking suspicions of intervention by Japanese authorities.

Bitcoin is falling — but could still score new all-time highs this year. Here’s why.

A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.

AMD is the latest company to show that AI is an expensive proposition

Artificial intelligence is expensive for the companies buying AI chips, and it’s expensive for the companies making them, too.

Carvana’s stock rallies about 40% on surprise profit for used-car retailer

Shares of used-car retailer Carvana Co. jumped about 40% in the extended session Wednesday after a surprise profit and larger revenue for the used-car retailer once on the brink of bankruptcy.

The Fed isn’t cutting rates, but these four banks are already paring rates on high-yield savings accounts

The Federal Reserve’s benchmark interest rate is staying put for now, but a handful of large banks are starting to trim the rates they offer on their high-yield savings accounts.

Exxon-Pioneer deal set to be cleared by FTC, reports say. But there’s an unusual twist.

Exxon Mobil Corp.’s $60 billion takeover of Pioneer Natural Resources is set to be cleared by U.S. regulators, according to reports Wednesday, but there’s a twist involving the latter’s chief executive.

Etsy shares plunge 16% on decline in gross merchandise sales

Etsy Inc.’s stock plunged 16% in after-hours trading Wednesday after the company posted quarterly results that included a decline in gross merchandise sales.

Qualcomm’s stock rises after earnings show traction with on-device AI

Qualcomm Inc. says it’s benefitting as customers look to enable artificial intelligence on their devices, and its stock gained about 4% after hours.
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