Gazprom warned Polish and Bulgarian state companies that gas would stop flowing.
read more...Global same-store sales jumped 11.8% in the first quarter. Consumer spending is roughly in line with expectations despite record inflation levels.
read more...The U.S. economy contracted at a 1.4% annual rate in the first quarter, as the trade deficit soared to a record high and inflation began to weigh on consumer demand.
read more...High inflation, the Russia-Ukraine war, and Covid lockdowns in China have all weighed heavily on the stock market.
read more...Shares of Digital World Acquisition, the blank-check company behind Trump’s Truth Social, are surging.
read more...Magna International reported first quarter earnings per share of $1.28 from $9.6 billion in sales. Wall Street was looking for EPS of $1.07 from $9.1 billion in sales.
read more...Tech stocks in China are leading a broader rally after the government signals determination to hit its growth target.
read more...PC sales are slowing as the Covid-19 pandemic phase looks to be ending and the economic outlook is uncertain, raising concerns for chip makers.
read more...Cathie Woods' flagship exchange-traded fund rocketed 153% in 2020, but that's all gone now, with ARK Innovation ETF down 48% so far this year.
read more...Deutsche Bank estimates that Prime Day in 2021 took in sales of about $3.5 billion.
read more...Open algorithms, user authentication, subscription privileges. Some of the billionaire’s prescriptions for Twitter seem easier said than done—or understood.
read more...The tech giant says it expects supply constraints to crimp revenue in the June quarter.
read more...E-commerce stocks drop Friday as Amazon's dip in sales fuels skittishness over the sector.
read more...Atlassian's adjusted earnings forecast for its fiscal fourth quarter misses expectations but its cloud growth is praised by Wall Street.
read more...Now investors know one reason shares of the EV maker have been falling. Elon Musk sold about 9.6 million shares over three days.
read more...For Chinese stocks to have a more lasting recovery, Beijing needs to avoid a prolonged Shanghai-like Covid lockdown.
read more...The music streamer plunged into podcasting to expand profit margins and its audience. But just the opposite has happened, and profitability has proved elusive. Now the road ahead looks rocky.
read more...Problems linked to free cash flow and other factors argue against the stock. Also, Wall Street opinions on Fiserv, Beam Global, Teladoc Health, and Barrett Business Services.
read more...The company has another chance to fix itself, while demonstrating a new model for social media. Here’s how the billionaire can turn around the platform.
read more...There wasn’t much to celebrate in Big Tech earnings, but there was plenty to learn about the state of the world and the economy.
read more...The only takeaway to be drawn from a volatile week of earnings reports was that we shouldn’t get our hopes up.
read more...Musk will need to balance financial prudence with his broader vision for the company, given the expected rise in its interest costs once the deal closes.
read more...Letters on Meta Platforms, the Fed’s dilemma, silver vs. gold, Altria Group, and James Anderson’s views on tech’s exponential growth
read more...Leave it to Tesla CEO Elon Musk to make something as dry as an annual meeting of stockholders interesting.
read more...Local authorities are pushing to resume plant operations in the area following weeks of Covid-19 restrictions as the U.S. tech giant warned that the pandemic’s resurgence in China could dent sales.
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