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Universal Music Group, a massive holding of Bill Ackman, sees stock-price tumble on streaming worries

Shares in Universal Music Group, a big holding of Bill Ackman’s Pershing Square Capital Management, lost more than a quarter of its value on Thursday on concerns over streaming revenue.

Lineage raises $4.4 billion in year’s largest IPO to date

Lineage Inc. priced its initial public offering at $78 a share late Wednesday, raising $4.4 billion in the largest IPO so far this year.

Biden says he’ll keep fighting to lower costs as he passes the torch

President Joe Biden on Wednesday said he’ll continue to focus on combatting inflation, while describing his decision to exit the White House race as a way to get unity.

Visa’s stock has a history of outperformance. How can it get working again?

Dating back to 2009, Visa shares have only underperformed the S&P 500 in three calendar years. They’re on track to do so again this year in a meaningful way.

Stocks see worst wipeout since 2022. Here’s what might happen next.

Investors say the pullback isn’t over yet — but will ultimately present a buying opportunity.

These S&P 500 stocks fell the most on Wednesday — led by Lamb Weston and Tesla

Some of the best performers of 2024 pulled back sharply.

Invisalign’s maker says consumers downshifted to lower-priced clear braces

A stronger dollar also took its toll, Align said.

Ahead of Biden’s speech, here’s how stocks and inflation both jumped on his watch

Americans have voiced concerns about President Biden’s handling of the U.S. economy over the past three and a half years, as inflation has hammered household budgets.

What Kamala Harris must do to win back crypto voters

The Biden administration’s crypto stance has ‘done damage’ to Democrats’ reputation in tech circles, says a former adviser

Chipotle’s stock rallies as renewed focus on quicker service helps second-quarter results

Shares of Chipotle Mexican Grill launched higher in after-hours trading on Wednesday, after the fast-casual Mexican chain reported second-quarter results that beat expectations and stuck with its its sales outlook, as a discount war brews elsewhere in the restaurant industry.

IBM logs a large earnings beat, sending its stock higher

The CEO called out growth in the company’s book of business for generative AI.

Ford saw a $1.1 billion loss in its EV business, dragging Q2 profit well below Wall Street forecast

Shares of Ford Motor Co. lost more than 10% in the extended session Wednesday after the car maker reported quarterly profits well below Wall Street’s expectations and notched another billion-dollar loss on EVs.
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