Articles

: Rivian shares sink after preliminary sales estimates, plan to offer $1.5 billion in convertible notes

Shares of Rivian slid after the EV maker issued preliminary sales estimates that were in line with estimates and announced plans to offer convertible notes.

Dow Jones Newswires: McDonald’s raises quarterly dividend 10%, to $1.67 a share

The Chicago-based restaurant chain said the dividend will be payable Dec. 15 to stockholders of record as of Dec. 1.

: BlackBerry stock rises on announcement of planned IPO of its IoT business

BlackBerry shares rose in the extended session Wednesday after the company announced a planned IPO for its Internet-of-Things business.

: Exxon expects profit bump from oil prices of around $1 billion in third quarter

Exxon Mobil Corp. said in a filing late Wednesday that its third-quarter profit is likely to get a bump of roughly $1 billion from rising crude prices.

: Viatris makes progress on Ozempic patent challenge

Board agrees to review patent covering certain strengths of blockbuster diabetes drug

: Clorox slashes forecast due to effects of cyberattack; stock falls

Clorox shares fell after hours Wednesday after the company slashed its outlook stemming from the impact of a cybersecurity attack over the summer.

: From Taylor Swift and Beyoncé to blockchain and AI: Music ETF CEO eyes the next big thing

This has been a big year for live music, buoyed by the phenomenal success of Taylor Swift’s The Eras Tour and Beyoncé’s Renaissance tour

Market Extra: The latest threat to U.S. stocks: systematic trend following funds are cutting their exposure to the market

As if the U.S. stock market didn't have enough problems to contend with, here's one more: systematic trend-following funds are cutting their exposure, potentially piling more downward pressure on markets in the coming weeks.

Market Extra: Will 10-year Treasury yield hit 5% soon? Here’s what financial-market players say

There's a debate going on over if and when the 10-year Treasury note yield will reach 5%, with bond traders leaning toward that outcome in a matter of weeks.

Economic Report: U.S. jobs report forecast: 170,000 new workers and 3.7% unemployment

The post-pandemic boom in hiring appears to be over, and businesses are adding fewer workers. Will the slowdown in employment continue?

: Austin rider’s missing cat has ‘clean bill of health’ after Lyft driver mishap

A cat owner went viral after a Lyft driver took off with his pet in the back seat. A company rep said there'd be a $20 'returned item fee' if the cat was found.

Futures Movers: Oil prices settle at a 5-week low as U.S. gasoline supplies post a sharp weekly climb

Oil futures on Wednesday post their lowest settlement in five weeks.
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