Expedia cuts outlook, as efforts to get Vrbo back on track go slower than expected
Shares of Expedia Group Inc. fell after hours on Thursday, after the travel-booking platform cut its sales outlook for the year, as efforts to recharge vacation-rental site Vrbo progressed more slowly than expected after a tech-related overhaul.
Moderna (MRNA ) earnings Q1 2024
Nikos Pekiaridis | Nurphoto | Getty Images Moderna on Thursday posted a narrower-than-expected loss for the first quarter as the company’s cost-cutting efforts took hold and sales of its Covid vaccine, its only commercially available product, topped estimates. The results come as Moderna inches closer to putting another product on the market, which it badly […]
Baby boomers and millennials are robbing Gen Z of a bright financial future
U.S. Treasury’s bond blunder will cost young Americans dearly.
Peloton CEO Barry McCarthy steps down, 15% of staff laid off
Barry McCarthy, president and CEO of Peloton Interactive, walks to a morning session at the Allen & Company Sun Valley Conference on July 06, 2022 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Peloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off 15% of its staff […]
Wayfair (W) earnings Q1 2024
Wayfair’s sales slid during its first quarter, but the online furniture retailer reduced its losses after cutting 13% of its workforce at the start of the year, the company announced Thursday. Wayfair beat Wall Street’s expectations on the top and bottom lines and saw active customers grow nearly 3% compared with the year-ago period. Here’s […]
Corporate insiders are on a buyers’ strike — signaling more downward pressure on stocks
Executives in the know aren’t biting at discounted share prices.
Johnson & Johnson to pay $6.5 billion to resolve nearly all talc ovarian cancer lawsuits in U.S.
Johnson & Johnson on Wednesday said it plans to pay $6.5 billion over 25 years to settle nearly all of the thousands of lawsuits in the U.S. claiming its talc-based products caused ovarian cancer, pending approval of the claimants. Those cases have for decades caused financial and public relations trouble for J&J, which contends that […]
Why ‘sell in May and go away’ could be a bit premature for stocks, according to one chart
The U.S. stock market has kicked off May trading mostly lower, with the S&P 500 down Wednesday after slumping in April.
Cruise line company trading on NYSE
A trader works inside a booth, as screens display Viking cruise company logo, on the floor of the New York Stock Exchange. Stefan Jeremiah | Reuters Viking is not your typical cruise operator. Aboard its smaller, upscale vessels, you won’t find any kids. In fact, the cruise line doesn’t hide the fact that it is […]
Carvana (CVNA) earnings Q1 2024
Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023. Brandon Bell | Getty Images Shares of Carvana popped more than 30% during after-hours trading Wednesday after the automaker reported record results and turned a profit during the first quarter. Here is how the company performed in the first […]
