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Akamai Technologies Tumbles on Weak Guidance

Key Takeaways The S&P 500 was little changed, adding 0.2% on Friday, May 10, 2024, as data showed a steep…

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Money

AB InBev Stock Jumps as Higher Prices Offset Weak North American Sales

Key Takeaways Anheuser-Busch InBev shares rose in intraday trading Wednesday after the Belgian beer giant reported revenue above expectations as…

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Money

SoFi Technologies Stock Falls 10% Following Weak Guidance

Key Takeaways Sofi Technologies gave lower-than-expected current quarter guidance as it sees 2024 as a “transitional year.” The fintech firm…

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Money

Meta Stock Plunges On Weak Guidance Despite Earnings Beat

Key Takeaways Meta shares plunged in after-hours trading Wednesday despite an earnings beat as the company provided weak guidance for…

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Money

Ford To Delay Production of EVs at Canada Plant Because of Weak Demand

Key Takeaways Ford has delayed the launch of a new three-row electric SUV at a plant in Canada because of…

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Money

Global Smartphone Shipments Expected To Rise After Weak 2023

Key Takeaways Demand for smartphones is expected to rise modestly this year after “bottoming out” in 2023, according to a…

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Money

Nike Stock Falls Despite Earnings Beat as Retailer Issues Weak Sales Guidance

Key Takeaways Nike reported revenue and profit for the third quarter of fiscal 2024 that topped analysts’ expectations. The company,…

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Money

Petco Posts Another Loss and Issues Weak Guidance as CEO Steps Down

Key Takeaways Petco Health and Wellness Company shares fell after the company reported another loss, issued guidance that was short…

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Money

On Holding Reports a Surprise Loss and Weak Outlook on Currency Fluctuations

Key Takeaways On Holding AG posted a surprise loss and revenue came in below expectations as the Switzerland-based athletic shoe…

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Health

Scientists find weak points on Epstein-Barr virus

Studies of interactions between two lab-generated monoclonal antibodies (mAbs) and an essential Epstein-Barr virus (EBV) protein have uncovered targets that…

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