C&E Industry News Filter
- Market
CDC ends quarantine recommendation for people exposed to COVID, and FDA recommends more than one test if negative
Two federal agencies updated guidance related to COVID on Thursday, with the Centers for Disease Control and Prevention dropping its quarantine…
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Falling gas prices buoy consumer sentiment, temper inflation expectations
The numbers: A survey of U.S. consumers saw sentiment rise in August, though still mired near an all-time low seen…
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Rivian loses nearly $2 billion in second quarter as expenses mount
Rivian Automotive Inc. late Thursday reported a narrower-than-expected quarterly loss, but called for steeper losses for the year, warned about…
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Gas prices fall below $4 per gallon for the first time in months
The average price for a gallon of gasoline has fallen below $4, according to a leading tracker of prices. AAA…
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Thyssenkrupp 3Q Adj. EBIT EUR721M
By Cristina Roca Thyssenkrupp AG on Thursday cut its net profit guidance for fiscal 2022, blaming high interest rates, but…
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K+S 2Q Earnings Jumped on Higher Prices; Backs Outlook Despite Possible Gas Shortages
By Pierre Bertrand K+S AG said Thursday that second-quarter earnings jumped as higher average prices compensated for increased costs, and…
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Disney to raise streaming prices while launching ad-supported tier, stock pops as subscriber total tops Netflix
Walt Disney Co. added more streaming subscribers than expected and topped Netflix Inc.’s total in the second quarter, and plans…
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Global tally of COVID cases was stable in latest week, while fatalities declined by 9%, says WHO
The global tally of new COVID cases was stable in the week through Aug. 7 from the previous week, while…
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ABN AMRO 2Q Net Profit Rose Above Market Views — Update
By Sabela Ojea ABN AMRO Bank NV on Wednesday reported a rise in net profit for the second quarter of…
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TUI loss narrows on climbing customer numbers and sees return to positive EBIT
TUI AG said Wednesday that its EBIT loss narrowed for the third quarter of fiscal 2022 as customers rose 84%…
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Elon Musk offloads nearly $7 billion in Tesla stock
Elon Musk sold almost $7 billion in Tesla Inc. stock in recent days, according to filings Tuesday with the Securities…
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Novavax slashes sales guidance in half, stock plunges 34%
Novavax Inc. executives slashed their annual sales guidance in half Monday while wildly missing financial expectations, sending shares down more…
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Biden signs into law $280 billion package for chips, scientific research — here’s what’s in it
After long pushing Congress for such legislation, President Joe Biden on Tuesday signed into law a bipartisan $280 billion bill…
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China closes Tibet’s Potala Palace over COVID outbreak, and Novavax stock is slammed by weak earnings and halving of sales guidance
Chinese authorities have closed Tibet’s Potala Palace after a small outbreak of COVID cases in the Himalayan autonomous region, the…
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Micron stock falls as company issues revenue warning amid ‘challenging’ memory conditions
Micron Technology Inc. shares were falling more than 4% in premarket trading Tuesday after the memory-chip company said that it…
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Munich Re 2Q Net Pft EUR768M
Muenchener Rueckversicherungs-Gesellschaft AG said Tuesday that profit and premiums in the second quarter beat expectations, though losses increased and the…
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Suddenly, stock-market investors are wrestling with ‘boomflation’ after hot July jobs report
The worry instead turned to what a rip-roaring labor market and surging costs for everything means for stocks and bond…
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Nvidia stock tumbles after company says revenue fell way shy of expectations
Shares of Nvidia Corp. were tumbling 7% in premarket trading Monday after the semiconductor company disclosed that it expects to…
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‘One of the strongest job markets in the past 50 years’: Looking for a pay raise? This jobs report has good news for you.
Will more jobs mean higher wages? The government’s latest jobs report showed the U.S. economy gained 528,000 jobs last month,…
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Official U.S. tally of new cases may be declining, but at-home testing obscures data; Novavax opens trial of vaccine for very young children
The daily average of new U.S. cases may have started to decline based on official numbers, but it’s unclear at…
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5 things we’ve learned from earnings season so far: How big an impact is inflation having?
More than 80% of the S&P 500 index’s companies have reported second-quarter results so far, and at least five key…
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Jobs shocker: U.S. adds 528,000 jobs in July and unemployment falls to pre-pandemic levels
The numbers The U.S. added a sizzling 528,000 new jobs in July and the unemployment rate fell to pre-pandemic levels…
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Tesla investors pave way for stock split, vote with company on most proposals
Tesla Inc. shareholders on Thursday approved a proposal expected to lead to a 3-for-1 stock split and sided with the…
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Beyond Meat reports drop in revenue, announces 4% layoffs
Beyond Meat Inc. reported another rough quarter Thursday, leading to announced layoffs that underscore a bleak outlook from Wall Street.…
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Block stock drops after earnings, as Square’s parent company swings to a loss
Shares of Block Inc. fell 6% in after-hours trading Thursday after the payment-technology company swung to a loss in an…
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AMC announces special dividend in the form of ‘Ape’ preferred shares; stock falls
AMC Entertainment Holdings Inc.’s stock fell more than 7% in extended trading on Thursday after the company announced a special dividend…
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WNBA star Brittney Griner sentenced to 9 years in Russian prison
KHIMKI, Russia (AP) — U.S. basketball star Brittney Griner was convicted Thursday in Russia of drug possession and sentenced to…
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Global tally of COVID cases down 9% in latest week, but infections are still climbing in the U.S.
The global tally of new cases of COVID-19 fell 9% in the week through July 31, according to the World…
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Biden’s isolation under White House protocol requires a negative test before in-person work. That’s stricter than CDC guidelines.
President Joe Biden will remain in isolation through at least Thursday under Centers for Disease Control and Prevention guidelines —…
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L.A. County dodges face-mask mandate as community transmission rates stabilize, and U.S. government orders 66 million doses of Moderna’s pending booster
Los Angeles County has dropped a plan for a universal indoor face-mask mandate as COVID cases and hospitalizations have stabilized,…
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Robinhood to lay off 23% of its workforce, with CEO admitting ‘this is on me’
Robinhood Markets Inc. plans to cut its staff by 23%, citing the weakening economic environment and depressed trading activity. Chief…
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Microsoft stock jumps after ‘shockingly robust’ forecast calls for continued strong cloud growth
Microsoft Corp. missed expectations for profit and revenue in a Tuesday earnings report, as deteriorating economic conditions led to an…
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Google stock rises despite an ad downturn, second straight earnings decline
Shares of Alphabet Inc.’s Google popped more than 4% in extended trading Tuesday after the tech behemoth reported results slightly…
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U.S. new home sales fall in June to the lowest level since the pandemic
The numbers: U.S. new home sales plunged 8.1% to a seasonally-adjusted rate of 590,000 in June, from a revised 642,000…
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Russia to end International Space Station participation amid high tension between Moscow and West
MOSCOW (AP) — Russia will pull out of the International Space Station after 2024 and focus on building its own…
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U.S. stocks slip after Walmart profit warning, gloomy IMF economic warning
U.S. stocks edged lower Tuesday, hurt by Walmart Inc. cutting profit guidance ahead of a wave of corporate earnings reports…
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UBS second quarter profits rise but miss forecasts
UBS Group AG’s UBSG, -6.04% second-quarter earnings inched higher, though they fell short of analysts’ expectations, held back by steep…
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Walmart stock sinks after warning of inflation’s effects on earnings
Shares of Walmart Inc. sank 8% in after-hours trading Monday after the retail giant lowered its profit forecast, disclosing that…
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BA.5 named the variant that has likely infected President Biden and driven U.S. cases up 19% in a two-week period
U.S. COVID cases and hospitalizations remain at the highest levels seen this summer so far, as the BA.5 omicron subvariant…
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Philips swings to loss and cuts sales guidance
Royal Philips NV PHG, -0.05% PHIA, -10.32% on Monday reported a swing to a net loss for the second quarter,…
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WWE CEO Vince McMahon retires
Vince McMahon announced his retirement from World Wrestling Entertainment Inc. on Friday, officially leaving the company that he built into…
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Here are 5 things we’ve learned so far from earnings season
Only about one-fifth of the S&P 500 have so far reported second-quarter results, but at least five major talking points…
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Twitter says Elon Musk ‘uncertainty’ impacted results as earnings miss expectations
After Snap Inc. issued a grim warning on the state of the advertising landscape, Twitter Inc. blamed the economy and…
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Ukraine, Russia set to sign deal on resuming grain exports
ISTANBUL (AP) — Russia and Ukraine were expected to sign separate agreements with Turkey and the United Nations on Friday…
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Snap stock plunges 25% as advertising slows down, executives decline to offer forecast
Snap Inc.’s stock snapped Thursday after the company disclosed slackening digital advertising and hinted at cost-cutting while declining to provide…
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Tesla stock rises after EV maker reports better-than-expected Q2 profit, jump in sales
Tesla Inc. late Wednesday reported second-quarter earnings above Wall Street projections, defying expectations that COVID-related shutdowns in China would hurt…
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Netflix lost fewer subscribers than forecast and expects to win them back quickly, boosting stock
Netflix Inc. lost half as many subscribers as feared in the second quarter and expects to add even more in…
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The typical S&P 500 CEO made 324 times more than the median-paid worker last year: report
The chief executives of S&P 500 companies raked in an average of $18.3 million in total compensation last year, making…
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Full capitulation: Fund managers have never been this pessimistic on growth or profits
Fund manager pessimism has never been greater, according to a fresh monthly survey showing both attitudes and allocations at recessionary…
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U.S. COVID cases tick higher as BA.5 takes hold, and U.K. to offer second booster to those aged 50 and older
U.S. COVID cases are rising again after being steady for several months, as the BA.5 omicron subvariant becomes dominant. BA.5…
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