Earnings

Boeing Stock Surges On Report of 787 Dreamliner Order By United

Boeing (BA) – Get a free report shares rose on Friday following a report suggesting United Airlines (LAU) – Get a free report is set to strike a deal for dozens of the planemaker’s troubled 787 Dreamliners. The Wall Street Journal reported that United could confirm the purchase as early as this month, noting that …

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Dow falls more than 200 points as rising yields spark recession fears

Stocks fell on Thursday as interest rates jumped, with Federal Reserve officials signaling that interest rate hikes to curb inflation are far from over. The Dow Jones Industrial Average fell 245 points, or 0.7%. The S&P 500 slid 1.2%, while the Nasdaq Composite fell 1.4%. James Bullard, Chairman of the St. Louis Federal Reserve said …

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Disney plans job cuts and hiring freeze, CEO Bob Chapek says in memo

disney plans to institute a targeted hiring freeze as well as job cuts, according to an internal memo sent to executives. “We are limiting headcount additions through a targeted hiring freeze,” CEO Bob Chapek said in a memo to division heads sent Friday and obtained by CNBC. “Hiring for the small subset of the most …

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Adidas warns of big earnings hit after ending Ye partnership

Kanye West at an event announcing a partnership with Adidas on June 28, 2016 in Hollywood, California. Getty Images Adidas Wednesday cut its full-year guidance following the German sportswear giant’s termination of its partnership with Kanye West’s Yeezy brand. The company ended his relationship with Yeformerly known as Kanye West on October 25 after the …

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Take-Two Interactive, Lyft, TripAdvisor and more

Take a look at some of the biggest pre-market movers: Interactive Take-Two (TTWO) – Take-Two fell 17.4% pre-market after video game publisher reduced its booking outlook for the year. Take-Two has been impacted by declining mobile and game sales, although CEO Strauss Zelnick said the situation should improve over the next three to six months. …

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Carvana stock craters as outlook darkens for used vehicle market

Shares of carvana were on pace for their worst day on record on Friday after the company missed Wall Street revenue and earnings expectations for the third quarter as the outlook for used cars plummets following record demand, prices and profits during the coronavirus pandemic. The stock cratered around 40% in midday trading. Shares of …

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Uber Q3 2022 earnings

Uber CEO Dara Khosrowshahi speaks during a product launch event in San Francisco, California on September 26, 2019. Philippe Pacheco | AFP via Getty Images Uber reported a third quarter loss on Tuesday but beat analyst estimates for revenue and showed an increase in bookings. The shares rose about 9% in premarket trading. Here’s how …

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Dow closes 800 points higher on Friday, registers fourth straight week of gains

Shares rose on Friday despite a tumble in Amazon shares after economic data pointed to slowing inflation and stable consumption. The Dow Jones Industrial Average closed at 828.52 points, or around 2.6%, up at 32,861.80. The S&P 500 added almost 2.5%, to close at 3,901.06. The Nasdaq Composite ended up around 2.9%, closing at 11,102.45. …

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