Articles

Monster Beverages’ stock is sinking. Executives are blaming convenience stores.

Shares of Monster Beverage Corp. sank after hours on Wednesday, after the energy-drink maker reported second-quarter profit and sales that missed expectations, following what management said was a consumer shift away from the convenience stores where energy drinks are often sold.

Zillow names Jeremy Wacksman its new CEO as company narrows losses

Zillow Group co-founder Rich Barton is stepping down as chief executive of the home-listing site, which named operating chief Jeremy Wacksman as its next leader.

Intel’s stock is down 38% in a week — and it just got downgraded again

Big selloffs sometimes prompt upgrades by analysts urging investors to buy the dip — but in Intel’s case, another bull just jumped ship.

How to turn $9 into $15,000: Buy presidential-ticket domains years ahead of time

A man bought HarrisWalz.com in 2020 for $8.99 and said he just sold it for $15,000.

Warner Bros. Discovery faces gloomy post-NBA future as company takes $9.1 billion charge

Warner Bros. Discovery reported a $10 billion loss during the second quarter — a biproduct of a massive charge it booked as viewers retreat from traditional TV and the company deals with a potential future without Natioanl Basketball Association games.

Bumble’s stock stumbles nearly 30% as dating app expects tougher times ahead

Online-dating woes hit Bumble Inc., which guided for lower revenue growth for the year and current quarter.

FAFSA form will open late again this year. Feds say the delay can help prevent more glitches.

The Free Application for Federal Student Aid, or FAFSA, will open to all students on or before Dec. 1, the Education Department said Wednesday.

Pumpkin-spice lattes in July? Why these companies are beating Starbucks to the punch.

Starbucks hasn’t announced the launch date for its beloved fall drink, but pumpkin-spice beverages and other offerings are now available elsewhere even in early July.

Costco sales notch another gain in July

Costco Wholesale Corp. on Wednesday said sales for last month came in at $19.26 billion, a 7.1% year-over-year gain.

Virgin Galactic’s sales double as more space tourists join the line

Space-tourism company raked in more fees from astronaut wannabes.

Robinhood earnings top expectations, following revival of meme stocks and crypto

Robinhood Markets Inc. reported second-quarter results Wednesday that beat expectations, helped by a jump in crypto and stock trading.

AppLovin’s big profit beat is failing to lift the app-monetization stock

The company gave an upbeat profit outlook for the third quarter.
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