Category: Market News
Netflix Inc. NFLX, -5.15% is in talks with several external candidates to oversee an ad-supported version of its streaming service, according a Wall Street Journal report. The company has interviewed candidates that include Pooja Midha, chief growth officer of Comcast Corp.’s CMCSA, -1.98% advertising unit, and Peter Naylor, Snap Inc.’s SNAP, -6.02% vice president of […]
Gold futures declined on Monday, following back-to-back session gains, to settle at their lowest in over nine months. Prices for the precious metal fell as “recession jitters” continue to send the U.S. dollar higher, said Edward Moya, senior market analyst at OANDA. “Inflation is playing tug-of-war with gold and the precious metal is trying to […]
Shares of Duolingo Inc. DUOL, -14.34% tumbled 13.6% in afternoon trading Monday, to pullback from the previous session’s highest close of this year, after KeyBanc analyst Justin Patterson downgraded the online language-learning company, due primarily concerns over valuation. Patterson cut this rating to sector weight, after being at overweight since March, as the stock price […]
U.S. stocks ended lower Monday, as China’s latest restrictions aimed at curbing the spread of COVID-19 added to global growth concerns. The Dow Jones Industrial Average DJIA, -0.52% closed about 0.5% lower, while the S&P 500 SPX, -1.15% fell more than 1% and the Nasdaq Composite COMP, -2.26% dropped about 2.3%, according to preliminary FactSet […]
Shares of electric-vehicle maker Rivian Automotive Inc. RIVN, -6.44% fell about 0.4% in the extended session Monday after ending the regular trading day 6.4% lower following a report that it was planning to lay off about 5% of its workforce. Citing people familiar with the plan, Bloomberg reported earlier that the EV maker is looking […]
A House committee investigating the Jan. 6, 2021, Capitol Hill insurrection will not hold a hearing this Thursday, reports said Monday. A committee aide told CNN that “we expect that we will hold a hearing next week.” The aide said the delay was to give members and investigators time to process the “new and important […]
Natural-gas futures climbed by more than 6% on Monday, buoyed by the planned shutdown of a key European pipeline, while oil prices finished with a loss, pressured by worries about a slowdown in energy demand tied to global inflation and lockdowns in China. Russia has shut down the Nord Stream 1 pipeline for scheduled maintenance […]
Published: July 11, 2022 at 12:09 p.m. ET Commerce Secretary Gina Raimondo said Monday that she’s not worried about the strength of the foreign exchange value of the U.S. dollar. “I am not concerned about the dollar being as strong as it is,” Raimondo said, during an interview on Bloomberg Television. Raimondo said she was […]
Starbucks Corp. SBUX, -1.62% posted a letter on its corporate site from Chief Executive Howard Schultz to the company’s workers on Monday that gives a sneak peek at big changes Schultz says are in store. “Today, we find ourselves in a position where we must modernize and transform the Starbucks experience in our stores and […]
Published: July 11, 2022 at 8:38 a.m. ET Imax Corp. said Monday it garnered $23 million in box office receipts from the opening of “Thor: Love and Thunder,” the film from the Disney Marvel universe. North America drew the bulk of that sum at $13.8 million, equal to 10% of the overall domestic box office, […]