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Investing.com -- Barclays on Tuesday downgraded Abercrombie & Fitch Co. to an “Underweight” rating, citing growing competitive pressures, macroeconomic uncertainty, and expectations that profitability has peaked.
Justice Elena Kagan, on behalf of the court, declined to pause a ruling by the San Francisco-based 9th U.S. Circuit Court of Appeals that deemed Apple in contempt in the Epic lawsuit contesting App Store fees. Apple had sought the delay to give it time to file a full Supreme Court appeal of the 9th Circuit decision.
Software provider Kyndryl said it would cut jobs as part of a new cost-saving plan and forecast annual pretax profit below Wall Street estimates on Wednesday. • The cuts come after the software provider delayed the filing of its October-December report, made several management changes, and launched an accounting review over "potential weaknesses" found in its internal controls. Kyndryl did not disclose how many jobs would be affected by the move.
Wells Fargo strategists say some factors that have been driving the market higher are played out.
(Bloomberg) -- Lucid Group Inc. shares slid after the electric-vehicle maker suspended full-year production guidance while its new chief executive officer works to align output with a challenging EV demand environment.Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysUS Says Offensive Phase of Iran War Over as Ship Hit in StraitAnthropic Unveils AI Agents to Field Financial Services TasksTrump Pauses Plan to Guide Ships While Seeking Iran DealWhite House Weighs
Settlement tied to AI feature rollout concerns
Software update aims to fix delayed image display problem
The server maker's fiscal Q3 revenue came in at $10.2 billion, well below estimates, but guidance for the current quarter sent stock higher
Meta Under Pressure as Major Publishers Challenge Llama AI Training Practices
Astec Industries (ASTE) delivered earnings and revenue surprises of -38.64% and +0.56%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
U.S. buyers of the iPhone 15 Pro and iPhone 16 could receive up to $95 per device if a judge approves the deal
Tesla stock rose early Wednesday as the electric-vehicle maker recalled 218,868 cars to correct a rearview camera issue. Tesla shares were up 0.2% at $390.26, while and futures were up 0.7% and 0.9%, respectively. Benchmark oil prices were down 8% at just over $101 per barrel in early trading.
Investing.com -- BellRing Brands was hit with a wave of analyst downgrades after the protein shake maker reported second-quarter results that included a sizable earnings miss and slashed its full-year EBITDA outlook by roughly 25%, sending shares down nearly 40% on Tuesday.
The ride-hailing company's first-quarter revenue fell short of Wall Street expectations, but its Q2 bookings outlook topped analyst estimates
NRG (NRG) delivered earnings and revenue surprises of -16.85% and +44.21%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Apple agreed to a $250 million settlement
Strategy Inc. (NASDAQ: MSTR) reported a net loss of $12.54 billion for the first quarter of 2026. The loss was almost entirely driven by a $14.46 billion unrealized loss, as Bitcoin price crashed to $62,000 during the quarter, thanks to the United States-Israel-Iran war. However, things might ...
Nike stock has fallen far from its 2021 high, but has it hit the bottom yet?
(Bloomberg) -- Lucid Group Inc. shares slid after the electric-vehicle maker suspended full-year production guidance while its new chief executive officer works to align output with a challenging EV demand environment.Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysUS Says Offensive Phase of Iran War Over as Ship Hit in StraitAnthropic Unveils AI Agents to Field Financial Services TasksTrump Pauses Plan to Guide Ships While Seeking Iran DealWhite House Weighs
Tesla stock rose early Wednesday as the electric-vehicle maker recalled 218,868 cars to correct a rearview camera issue. Tesla shares were up 0.4% at $390.80, while and futures were up 0.8% and 0.9%, respectively. Benchmark oil prices were down 8% at just over $101 per barrel in early trading.
Burger King-owner Restaurant Brands International reported sharply higher profit and rising revenue in the first quarter.
(Bloomberg) -- This earnings season has delivered plenty of good news for the artificial intelligence trade, but instead of bidding up Nvidia Corp. shares, investors have been dumping them.Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysUS Says Offensive Phase of Iran War Over as Ship Hit in StraitAnthropic Unveils AI Agents to Field Financial Services TasksTrump Pauses Plan to Guide Ships While Seeking Iran DealWhite House Weighs AI Working Group, Model Testi
Devon reported lower-than-expected first-quarter earnings despite strong oil production and free cash flow generation as the shale producer prepares to close its merger with Coterra Energy.
(Bloomberg) -- Michael Saylor’s Bitcoin accumulation firm Strategy Inc. has survived yet another crypto market meltdown with some fresh financial engineering. Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysAnthropic Unveils AI Agents to Field Financial Services TasksWhite House Weighs AI Working Group, Model Testing, NYT ReportsChina’s Rare Sanctions Pushback Leaves Banks Caught in CrossfireUS and Iran Trade Fire in Gulf, Jolting Four-Week-Old TruceThe outloo
Upstart (UPST) delivered earnings and revenue surprises of -22.42% and +6.52%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
TransMedics (TMDX) delivered earnings and revenue surprises of -51.46% and -0.99%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Strategy (MSTR) delivered earnings and revenue surprises of -1,021.70% and -0.24%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Cathie Wood just made a massive move ahead of a key tech earnings report. The ARK Invest founder trimmed $12 million in CoreWeave (CRWV) stock just days before the company reports earnings in a couple of days' time. On May 4, ARK sold 99,692 shares of CoreWeave across multiple ETFs, locking ...
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Apple on Tuesday settled for $250 million a shareholder lawsuit brought after the company delayed artificial-intelligence upgrades to its Siri voice assistant. The lawsuit, filed by Peter Landsheft in U.S. federal court in California in 2024, arose after the iPhone maker announced - and started running advertisements for - a bevy of AI upgrades at its annual software developer conference in 2024, saying they would become available with new iPhones that fall. In 2025, Apple said that the AI overhaul of Siri would not come until this year, and executives have now confirmed that the new Siri features will be unveiled at Apple's annual developer conference next month.
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