Tag: Marketwatch

DocuSign Inc.’s. stock DOCU, -3.04% initially fell 16% in extended trading Thursday after the electronic-documents company reported fiscal first-quarter revenue that exceeded analysts’ forecasts but came up short on earnings. DocuSign reported a net loss of $27.4 million, or 14 cents a share, compared with a net loss of $8.35 million, or 4 cents a […]

Stitch Fix Inc. SFIX, -7.77% shares sank 8.8% in Thursday afternoon trading after a CNBC report said the personalized shopping service is laying off 15% of its salaried workers, largely in corporate and styling leadership positions. About 330 people were notified on Thursday morning, about 4% of the company’s workforce, according to the report. The […]

Walt Disney Co. DIS, -1.91% on Thursday said Dana Walden has been tapped as chairman of Disney General Entertainment Content, where she will succeed Peter Rice, one of the company’s top television executives. Rice, a former Fox executive, joined Disney in 2017 as part of Disney’s $71 billion acquisition of a bundle of entertainment assets […]

Soulgate Inc., a Shanghai-based virtual social playground backed by Tencent Holdings Ltd. TCEHY, -2.15% 700, +0.87%, has filed to withdraw it’s plans for an initial public offering. The company did not provide a reason for the withdrawal, and just said its decision was “consistent with the public interest and protection of investors.” The company had […]

Chipotle Mexican Grill Inc. CMG, -1.23% announced the launch of Watermelon Limeade, its first seasonal beverage made in partnership with Tractor Beverage Co. The drink was tested in 2021 in Atlanta, Kansas City, and Orange County, Calif. before being added to menus. Chipotle added Tractor Beverage to the drinks platform in 2020, and analysts forecast […]

Shares of NIO Inc. NIO, +3.72% fell 2.0% in premarket trading Thursday, after the China-based electric vehicle maker reported a narrower-than-expected first-quarter loss and revenue that topped expectations, but a sharp contraction in gross margin and a downbeat outlook due to volatilities in the supply chain and vehicle delivery challenges resulting from the recent COVID-19 […]

Shares of Phoenix Motor Inc. PEV, -45.87% plunged out of the gate Wednesday, as the maker of electric drive systems and electric vehicle’s stock opened 13.3% below the initial public offering price and continued to trade lower. The company’s downsized IPO priced overnight at $7.50, at the lower end of the expected range of between […]

Shares of Caterpillar Inc. CAT, +1.19% rose 1.2% in morning trading Wednesday, to pace the Dow Jones Industrial Average’s DJIA, -0.81% gainers, after the maker of construction and mining equipment raised its quarterly dividend by 8.1%. The company said the new dividend of $1.20 a share, up from $1.11 a share, will be payable on […]

The National Retail Federation gave an update on the nation’s ports, saying it’s going to be a busy summer with high volumes of merchandise landing in the U.S. “Back-to-school supplies are already arriving, and holiday merchandise will be right behind them,” said Jonathan Gold, vice president for supply chain and customs policy for the NRF, […]

Gold futures booked back-to-back gains on Wednesday, putting the precious metal on pace for a weekly gain. Gold for August delivery GCQ22, -0.09% GC00, -0.09% rose 0.2%, adding $4.40, to settle at $1,856.50 an ounce on Comex. The yellow metal found some support despite the 10-year Treasury rate pushing back above 3% and the ICE […]