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“Wayfair shares surge after furniture retailer cuts losses by more than $100 million”

“Wayfair’s sales slid during its first quarter, but the online furniture retailer reduced its losses after cutting 13% of its workforce at the start of the year, the company announced Thursday… Wayfair shares closed more than 16% higher Thursday. The company’s reported net… Continue Reading…

Stocks

“DJT shares close down more than 9% as Trump Media hot streak stalls”

“Trump Media shares dropped sharply Wednesday, closing down by more than 9.5%. Trump Media, which trades under the DJT ticker, closed at $45.16 per share, a loss of $4.77 per share. The company, which owns the Truth Social app, is still trading well below the… Continue Reading…

Stocks

“CVS shares plummet as health company slashes profit outlook on higher medical costs”

“CVS Health on Wednesday reported first-quarter revenue and adjusted earnings that missed expectations and slashed its full-year profit outlook, citing higher medical costs that are dogging the U.S. insurance industry. Shares of the company closed more than 16% lower on Wednesday, and were headed… Continue Reading…

Stocks

“Thares of two big online education stocks tank more than 10% as students use ChatGPT”

“The rapid rise of artificial intelligence appears to be taking a toll on the shares of online education companies Chegg and Coursera. Both stocks sank by more than 10% on Tuesday after issuing disappointing guidance in part because of students using AI tools… Continue Reading…

Stocks

“Philips shares rocket 29% as firm settles U.S. respiratory device case”

“Philips shares soared to a more than two-year high Monday after the Dutch medical devices giant agreed to a $1.1 billion settlement in the U.S. for personal injury cases linked to the recall of some of its sleep apnea devices. Millions of… Continue Reading…

Stocks

“Snap shares soar 23% as company beats on earnings, shows strong revenue growth”

“Snap reported first-quarter results on Thursday that beat analysts’ estimates and showed a return to double-digit revenue growth. Shares soared more than 23% in extended trading.   Here’s how the company did:  Revenue for Snap’s first quarter increased 21% from $989 million in the… Continue Reading…

Stocks

“Shares of critical chip firm ASML drop 5% as sales miss expectations with 22% fall”

“…ASML’s stock was down around 4.5% in early European trade after the results. Here’s how ASML did versus LSEG consensus estimates: Net sales fell 21.6% year-on-year while net income dropped 37.4%. ASML’s net sales fell in the middle point of… Continue Reading…

Stocks

“Dr. Martens shares plunge 30% to all-time low, trading briefly halted on weak outlook”

“Shares of Dr. Martens plunged 30% on Tuesday to hit a record low, after the shoemaker flagged a challenging 2025 outlook on the back of weaker revenues. Trading in the company shares was temporarily suspended on the London Stock Exchange… Continue Reading…

Business, Stocks

‘Intel shares fall after company reveals $7 billion operating loss in foundry business”

“Intel shares fell 4% at one point in extended trading Tuesday after the company revealed long-awaited financials for its semiconductor manufacturing business, commonly called the foundry business, in an SEC filing. Intel said its foundry business recorded an operating loss of $7 billion… Continue Reading…

Stocks

“Roblox shares rise 10% after company beats estimates and issues strong guidance”

“Roblox reported results for the fiscal fourth quarter Wednesday that beat consensus estimates on the top and bottom lines. Shares closed up more than 10%. Here’s how the company did: The revenue figure is what Roblox calls bookings, a category that… Continue Reading…