Nios Stock Touches 52week Low
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Oil prices end higher after dipping to eight-week lows as U.S. crude supplies fall
Oil futures settled higher on Wednesday, finding support after a brief dip to their lowest levels in about eight weeks, as U.S. government data showed an unexpected weekly decline in domestic crude inventories.MarketWatch - Business -
Chinese EV maker Nio to launch its lower-priced brand Onvo on May 15
Chinese electric car company Nio said Thursday it will launch its lower-priced brand called Onvo on May 15.CNBC - Business -
Shopify Stock Slumps to Record Drop as Revenue Outlook Weakens
While its first-quarter results were largely better than expected, the online-shopping platform must now navigate an environment of shaky consumer spending.The Wall Street Journal - World -
AstraZeneca Withdraws Covid Vaccine Worldwide, Citing Low Demand
The shot is no longer being manufactured or supplied, and it is no longer authorized for use in Europe.The New York Times - Business - Covid -
FDA chief says bird flu risk to humans is low, but agency is preparing
The Food and Drug Administration (FDA) is preparing in case the current strain of avian flu circulating in the U.S. jumps to humans on a large scale, the agency’s commissioner told senators Wednesday. FDA Commissioner Robert Califf told the ...The Hill - Politics - FDA -
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Monster Beverage launches $3 billion stock buyback
Beverage company’s chief executive may sell up to about $33 million of stock to provide “flexibility.”MarketWatch - Business -
Elephant Mario Plush Is Back In Stock At Amazon
Super Mario Bros. Wonder was among the biggest releases of 2023, so it should come as no surprise that the iconic Elephant Mario power-up has received the Little Buddy plush treatment. This plush has sold out quickly each time it's been available ...GameSpot - Tech -
Why Lyft's Stock Is Pulling Ahead of Uber's
Low expectations can also be a blessing.The Wall Street Journal - World -
Chinese Stocks Rebound, but Foundation for Rally Still Weak
Stocks in Chinese companies have bounced back, but investors have seen false dawns before.The Wall Street Journal - World -
Mexico hit by hours of rolling blackouts after high temps, low power generation
Mexico has been hit by hours of rolling blackouts late Tuesday due to high temperatures and temporary drops in electrical power generationABC News - World -
The real reason why Wall Street’s ‘fear gauge’ seems so low right now
Forget the conspiracy theories about the Vix being ‘broken’. The real reason why the index is so low is because that’s exactly where stocks put it.MarketWatch - Business -
Mockery, low tactics, sexist tropes: gloriously, Stormy Daniels is repaying Donald Trump in kind
At some deep level, the former adult film star clearly has his number and knows how to hit him where it hurts. The spectacle of Stormy Daniels on the witness stand in a Manhattan courtroom this week sent one back to the image of Trump’s last ...The Guardian - World - Donald Trump -
New York Times stock gains as adjusted profit rises by 41%
Digital subscriptions rise by 210,000 in a ’strong start’ for the year.MarketWatch - Business - New York -
Shopify’s stock slides 19% after company swings to quarterly loss
Shopify is expecting its gross margin to shrink by 50 basis points in the second quarter.MarketWatch - Business -
Why You Shouldn't Sell Your Stocks Before the Presidential Election
Strategists are cautioning investors against dumping positions ahead of a summer rally.Inc. - Business -
Reddit Records Bigger-Than-Expected Jump in Users
Daily active users for the social-media company rose 37% to 82.7 million. The company posted higher revenue and a wider loss for the first quarter, hit by IPO-related costs.The Wall Street Journal - World -
Reddit Stock Surges After Active Users Jump More Than Expected
Reddit posted higher revenue and a wider loss for the first quarter, as IPO-related costs weighed heavily on the social-media company.The Wall Street Journal - World -
Dow Edges Higher, Nasdaq Slips; Uber, Lyft Shares Diverge
U.S. stocks were mixed as first-quarter earnings season nears its end.The Wall Street Journal - World -
Teva Pharmaceutical’s stock climbs as schizophrenia treatment shows promise
Teva Pharmaceutical Industries stock jumped more than 6% early Wednesday after the company reported first-quarter sales that topped estimates and released positive late-stage trial data on a schizophrenia treatment.MarketWatch - Business -
Tripadvisor’s stock could see record plunge as potential buyout plans dropped
Tripadvisor’s stock took a dive premarket Wednesday, after the online travel-booking company said it decided pursuing a potential sale would not be in the best interest of the company or its shareholders.MarketWatch - Business -
Why Uber’s stock is having a bumpy ride after earnings
Uber Technologies Inc. posted mixed earnings on Wednesday, beating estimates on an adjusted profit metric while giving an outlook for bookings that was below expectations.MarketWatch - Business -
Jim Cramer's top 10 things to watch in the stock market Wednesday
Wall Street's winning streak may come to an end Wednesday.CNBC - Business -
Intel’s stock drops after Biden administration bans some sales to China’s Huawei
Intel’s stock took a hit Wednesday after the semiconductor giant disclosed that a U.S. government ruling will stop the export of some of the company’s products to a customer in China.MarketWatch - Business - Joe Biden -
Snap takes advantage of recent stock surge to sell convertible debt
Snap’s stock pulled back Wednesday after the parent of the video-messaging app Snapchat planned to take advantage of the recent runup in its stock price to sell convertible debt.MarketWatch - Business -
Shopify Stock Slumps to Record Drop as Revenue Outlook Weakens
While its first-quarter results were largely better than expected, the online-shopping platform must now navigate an environment of shaky consumer spending.The Wall Street Journal - Business -
Stock-market crash fears are fading, according to options traders
As U.S. stocks have rebound from last month’s selloff, options traders aren’t buying as many contracts that would pay off if the market were to crash.MarketWatch - Business -
Arm crushes earnings expectations, but stock falls as forecast lacks wow factor
After a sharp run for Arm shares recently, they looked set to give back some of their gains after Wednesday afternoon’s earnings report.MarketWatch - Business -
AppLovin’s stock rallies as earnings highlight improvements in app ad market
Investors were liking the latest numbers from AppLovin on Wednesday, as its stock headed higher in the extended session.MarketWatch - Business -
Robinhood Stock Jumps After Company Reports Record Revenue and Profit
The online brokerage’s revenue and earnings topped Wall Street expectations. Shares were up about 6% after hours.The Wall Street Journal - World -
S&P 500 Futures Fall as Airbnb Shares Slide
U.S. stock futures fell and overseas markets were mixed ahead of the Bank of England’s interest-rate decision.The Wall Street Journal - World -
How Apple's record $100 billion-plus stock buyback benefits shareholders
As outstanding share counts go down, investors don't have to do anything to get baked-in returns and own larger and larger pieces of companies.CNBC - Business