Articles

Lyft’s gargantuan earnings error proves Wall Street should cut the jargon

Lyft inadvertently overstated its margin target for this year, a mistake that could have been avoided if the company had just communicated in plain English.

Instacart announces layoffs and executive departures, but forecast tops estimates

Maplebear Inc. — the company better known as the grocery-delivery platform Instacart — said Tuesday that it was laying off around 250 people, or around 7% of its staff, as it tries to streamline its ranks and turn toward bigger, tech-driven ambitions.

Abbott Laboratories says FDA independent panel votes to approve heart device

Abbott Laboratories said that a Food and Drug Administration panel voted in favor of the safety profile of its heart device TriClip.

Regional-bank stocks are back under pressure as investors get ‘a dose of reality’ about obstacles to cutting rates

Shares of regional banks are hit hard on Tuesday after an inflation reading came in surprisingly strong, raising more concerns about potential fallout to commercial real estate from higher interest rates.

Jeff Bezos unloads another $2 billion of Amazon stock. He’s sold $4 billion this month.

The Amazon founder has dumped about $4 billion worth of the e-commerce giant’s stock this month via a trading plan.

Nvidia closes with a market cap above Amazon’s for first time since 2002

Nvidia is now the fourth largest U.S. company by market cap — and can set its sights on passing No. 3 Alphabet.

Stock-market tumble shows investors now face ‘Fed’s reality’ in inflation fight

The Dow, S&P 500 and Nasdaq all saw their biggest CPI-day fall since September 2022.

Arm’s stock suffers its worst day on record as AI euphoria cools

Arm’s blockbuster stock rally cooled Tuesday, as shares logged their worst daily performance on record.

Chemical giant Chemours delays quarterly earnings release, internal review underway

Chemours Co.’s stock dropped more than 4% in the extended session Tuesday after the chemicals company delayed its quarterly financial results, saying it “needs additional time.”

Elon Musk’s pay-package fight shows how modern CEOs see themselves as royalty

As some CEOs reach cult-like status, many are treated like kings of old.

Robinhood’s stock soars more than 10% as company’s revenue gets boost from crypto

More crypto transactions, more subscribers for its premium service lead Robinhood to a quarterly beat.

Airbnb’s stock bounces around after revenue beat, positive guidance

Airbnb Inc.’s stock was on the rise in extended trading Tuesday following quarterly results that eclipsed analysts’ revenue estimates and guidance.
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