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Five Below’s stock sinks on full-year forecast as company blames weaker profits on theft

Shares of teen-centric discount retailer Five Below Inc. sank on Wednesday after the company forecast full-year profit and sales that fell short of Wall Street’s expectations.

Chewy says pet business is ‘recession resilient’ as it swings to surprise profit

Chewy Inc. surprises Wall Street with a quarterly profit.

DWAC stock soars as vote on deal to buy Trump Media nears

Shares of Digital World Acquisition, the special-purpose acquisition corporation looking to buy former President Donald Trump’s social-media company, soared in active trading Wednesday, two days before a shareholder vote on the proposed merger.

Micron delivers a big positive earnings surprise, sending its stock soaring

The memory-chip company swung to a surprise profit and vastly exceeded the consensus view with its outlook.

Bitcoin’s halving poses risks for miners. Who are the potential winners and losers?

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

Trump’s reasons for not putting up $454 million appeals bond are bogus, New York attorney general says

Letitia James said Trump’s explanation for his inability to secure a $454 million bond doesn’t fly, pointing to other, bigger bonds secured in the past.

Gold prices climb back toward record highs in the Fed decision’s wake

Gold showed little reaction in the immediate aftermath of the Federal Reserve’s decision Wednesday, then rallied toward record highs.

Rep. McHenry says the odds of a crypto bill before Election Day are improving

The House of Representatives’ most important crypto booster said Wednesday he is “optimistic” that Congress will pass legislation this year to bring greater regulatory certainty to the digital-asset industry.

Reddit’s IPO raises questions about profitability. Here’s how it makes money.

Reddit’s forthcoming IPO has raised the question of how the social-media platform makes money and plans to turn a profit.

Happy rate-a-versary: What Fed interest-rate hikes have done to your wallet over the past two years

In four charts, here’s how much money the campaign to rein in inflation may have cost you since it began in March 2022.

Paramount shares rise on report of Apollo’s $11 billion bid for company’s Hollywood studio

Shares of Paramount Global climbed nearly 8% Wednesday on reports that private-equity firm Apollo Global Management Inc. has offered $11 billion to buy the media conglomerate’s film-and-television studio.

U.S. public debt projected to reach 166% of economy in 30 years

Slower growth and significant risks to the U.S. fiscal outlook are posed by mounting debt, CBO says.
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