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Nio’s stock jumps after report of China’s plan to boost EV sales
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Hershey’s beats on earnings as Reese’s Caramel, Dot’s Pretzels boost sales
“We are off to a strong start and remain on track to deliver our business strategies and financial commitments for the year,” the company’s CEO said Friday.MarketWatch - Business -
Kenvue’s stock jumps after earnings beat as company unveils plan to cut 4% of global workforce
Kenvue’s stock jumps after earnings beat as company unveils plan to cut 4% of global workforceMarketWatch - Business -
Freshpet’s stock jumps toward a multiyear high after an unexpected quarterly profit
Freshpet’s stock ran up in premarket trading Monday, heading toward a high not seen since 2021, after the dog- and cat-food company reported a surprise first-quarter profit, citing to higher sales, improved gross margin and lower logistics costs.MarketWatch - Business -
South Korea cracks down on ‘shrinkflation’
Fines threatened for producers who cut product size without informing consumersFinancial Times - World - South Korea
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Lyft puts up another quarter of positive free cash flow, following jump in rides
Ride-hailing service Lyft Inc. on Tuesday said it put up its second straight quarter of positive free cash flow, and said it expected higher cash generation for the year after a jump in rides and active riders.MarketWatch - Business -
Astera Labs’ blowout first earnings report is met with a sagging stock reaction
A sharp rally in the lead-up to Astera Labs’ earnings could help explain the stock’s negative reaction to better-than-expected results, as it could have raised the bar for the report.MarketWatch - Business -
Upstart beats on earnings, but a forecast miss sends the stock sliding
The AI-oriented lending company is hoping to see a return to sequential growth in the second half of 2024.MarketWatch - Business -
Grocery Outlet’s technical issues are piling up for its stock
Shares of Grocery Outlet Holding Corp. tumbled after hours on Tuesday after the bargain grocery chain cut its full-year profit outlook — saying glitches related to a technological upgrade hit its bottom line harder than expected.MarketWatch - Business -
Reddit shares soar on revenue beat, narrower-than-expected loss in first post-IPO results
Reddit Inc. reported its first results as a public company Tuesday, with the social-media platform reporting better-than-expected revenue and a narrower-than-expected loss for the first quarter.MarketWatch - Business