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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.

Rivian gets $827 million boost from Illinois to expand its factory in the state

Rivian said that the money will go toward factory expansion, as well as improvements in public infrastructure and job training for its workforce as the plant.

Avis’s stock soars as robust demand and improved pricing fuel revenue beat

Shares of Avis Budget Group Inc. rocketed Thursday, bouncing from a three-year low, after the car-rental company reported first-quarter revenue that beat expectations for the first time in a year as what it called continued robust travel demand led to record rental volume.

May is usually a good time to buy Treasuries. Why investors may want to disregard this seasonal noise.

One of Wall Street’s oldest adages — “sell in May and go away” — has tempted stock-market investors into dumping equities this month and returning to the market in November. The opposite of this seasonal pattern exists in the U.S. government-debt market.

The stock market is becoming a picnic for the bears

Failed rallies, oil-price weakness and strong sell-signals.

Sony and Apollo make $26 billion cash offer for Paramount: report

Sony Pictures and Apollo Global Management Inc. have submitted a $26 billion cash offer for Paramount Global.
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