Lyft plunges nearly 20% after weak forecast sparks fears its losing race with Uber
Lyft shares plunged 17% on Wednesday after the company gave a weak outlook for the key summer quarter, sparking concerns that it is being edged out by rival Uber. Uber and Lyft, which reported strong results on Tuesday, are locked in a fierce battle for market share in the North American ride-hailing sector. Uber, which […]
Airbnb warns of weak demand, says travelers waiting until last minute to book
Airbnb on Tuesday forecast weaker-than-expected third-quarter revenue and warned of a shorter booking window, suggesting economic uncertainty is causing travelers to wait until the last minute to book, sending its shares down 15% after the close. Domestic travel in the U.S. has been under pressure since the start of the year as concerns about the […]
Stocks plunge as weak jobs report, tech woes rattle Wall Street
Stocks fell sharply on Monday morning as growing concerns about the strength of the U.S. economy and the outlook for microchip production spooked Wall Street. The Dow Jones Industrial Average plunged 2.8% after trading on Monday, opening 1,100 points lower. Dow futures were down more than 1,200 points before the market opened on Monday. The […]
Stocks sell off on recession fears after weak jobs report
U.S. stocks fell sharply on Friday after a weaker-than-expected jobs report stoked concerns the economy could be slowing more quickly than analysts had expected. The Dow Jones Industrial Average, a benchmark index of 30 major U.S. companies, fell more than 900 points in morning trading on Friday and closed down 750 points, or 1.9 percent, […]
Dow plunges over 900 points after weak jobs report sparks recession fears
The Dow Jones Industrial Average plunged more than 800 points and the Nasdaq entered a correction on Friday, on track to fall more than 10% from its July record, as weak jobs data stoked fears of a slowing U.S. economy and pessimistic outlooks for Amazon and Intel dampened sentiment. The Dow Jones Industrial Average fell […]
Amazon shares plummet on weak revenue forecast
Amazon’s shares fell sharply in after-hours trading after the company forecast lower-than-expected sales for the current quarter and its second-quarter profit beat Wall Street expectations. Amazon’s focus on the success of its AWS cloud computing platform did not please investors, with the Seattle-based company’s shares falling more than 6% in after-hours trading. “We continue to […]
McDonald’s posts weak quarterly results as higher fast food prices hurt demand
“The Big Money Show” co-host Brian Bremberg breaks down the latest inflation data and discusses California’s $20 minimum wage hike. Burger chain McDonald’s Inc. on Monday reported an unexpected drop in sales and a quarterly profit that fell short of Wall Street expectations as rising menu prices helped it struggle to attract cash-strapped customers who […]
Viral Catholic leader: Christians must not be ‘weak’ in the face of Olympics opening spectacle
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Universal Music Group loses $16B after weak streaming reveal
Universal Music Group shares plunged 24% on Thursday, wiping more than $16 billion in market value after the company revealed weaker-than-expected revenue growth from its subscription and streaming services. The Netherlands-based music giant, whose roster includes big-name artists such as Taylor Swift and Billie Eilish, Market capitalization plummets That was down to $39.9 billion from […]
O’Malley calls McGregor a ‘mentally weak drug addict’
UFC bantamweight champion Sean O’Malley has said that former two-division champion Conor McGregor is a drug addict and needs rehabilitation, after the former champion mocked his past suspension for using banned substances. The latest spat between the fan-favorite duo appears to have started after McGregor re-shared an old video in which O’Malley claimed to have […]