Airbnb shares dropped 13% as the company predicted a decline in Q2 bookings and average daily rates. The US travel sector's resilience faces challenges from inflation and high travel costs, prompting concerns among investors.
Google is set to unveil advancements in artificial intelligence (AI) for its products at the annual I/O conference, aiming to counter Microsoft's growing influence in the $300-billion search advertising market. Under Project Magi, Google plans to enhance its search engine with generative AI technology, which could transform how consumers access information. Microsoft's Bing has gained US market share thanks to its integration of AI chatbots like ChatGPT. In response, Google is introducing new technology, such as Bard, a ChatGPT rival, and developing a more potent AI model called PaLM 2.
Ryanair has signed a multi-billion-dollar deal with Boeing to acquire up to 300 Boeing 737 Max-10 aircraft, ending an 18-month dispute over pricing. Valued at over $40 billion at list prices, the deal includes 150 options and deliveries are scheduled between 2027 and 2033. The agreement is expected to boost the largest version of Boeing's 737 MAX, create over 10,000 new jobs, and support an 80% increase in traffic growth for Ryanair, from 168 million passengers to 300 million by March 2034.
Kenvue Inc. successfully closed its IPO on May 4, 2023, offering 198,734,444 shares at $22.00 each. Johnson & Johnson retains an 89.6% stake in the company, whose shares now trade on the NYSE as "KVUE." The IPO proceeds will compensate Johnson & Johnson for the transferred consumer health businesses.
After company executives suggested that the market may be reaching a bottom in conjunction with reporting its fiscal second-quarter results, shares of Micron Technology Inc. gained more than 7% on Wednesday.
On Tuesday, shares of Athletic apparel company Lululemon Athletica Inc. jumped after the company reported strong holiday-quarter sales and gave an annual outlook that beat expectations, suggesting wealthier shoppers are still purchasing yoga pants despite higher prices for essential goods.
Footwear and apparel maker, Nike Inc., beat revenue and profit expectations on double-digit sales gains for its holiday quarter earnings, even though its bloated inventory continued to weigh on its margins and sales in China fell short of estimates.
Following its efforts to reduce costs and offset a decrease in package volume, FedEx Corp's shares rose when the courier raised its profit forecast.
After Adobe posted quarterly earnings that topped its own guidance and Street estimates, shares of the content development and marketing software company rallied in late trading Wednesday.
After enterprise tech giant Oracle reported financial results for its 2023 fiscal third quarter that failed to meet expectations for higher growth, the stock dropped nearly 5% in after-hours trading Thursday.
China e-commerce giant JD.com on Thursday reported a quarterly revenue increase of 7% after online consumer spending held up during an economic downturn.
In trading on Friday, shares of C3.ai jumped as much as 31.5% after the company reported financial results for its 2023 fiscal third quarter, which beat across the board.
Keurig Dr Pepper (NASDAQ:KDP) shares have been lagging behind for a while. Relative to rivals Pepsico and Coca Cola, the share price is underperforming, despite the results the company offers positive signs. We like to take a closer look at the stock to see what it has to offer.
After delivering a disappointing fiscal first-quarter outlook that stoked fears of a prolonged downturn in demand for office equipment and home computers, Dell Technologies Inc. ticked lower during Thursday's evening trade.
In a deteriorating economy, where consumer and enterprise spending is declining, Broadcom Inc. "predicted a soft landing" as increased investments in artificial intelligence spur demand for its chips used in data centers.
Potentially easing the pressure from a team of activist investors, Salesforce Inc. gave a surprisingly upbeat forecast for the coming year and plans to step up stock buybacks.
In pre-market trading Wednesday, AMC Entertainment Holdings Inc. shares dropped 8.5% to $6.53 after the company reported fourth-quarter results underscoring fears that theater-going would not return to pre-pandemic levels soon.
While earnings season has essentially come to an end, after the bell on Tuesday, Rivian Automotive Inc. reported mixed fourth-quarter earnings and a lackluster production outlook that fell short of Wall Street's expectations
Target Corporation jumped in early trading Tuesday after the retailer posted a surprise increase in holiday-quarter sales that topped Wall Street earnings estimates for the first time in a year.
On Monday, shares of Zoom Video Communications jumped 8% in extended trading after the company said it would integrate more artificial intelligence into its products and offered optimistic earnings guidance ahead of Wall Street expectations.
In a year of a steep rise in electric-vehicle sales, Stellantis NV unveiled a buyback of as much as $1.6 billion and its plans to distribute $4.47 billion in dividends to shareholders following solid results.
As low-income shoppers gravitated to discounted food and other essentials but continued to pay higher prices on many items compared with last year, retailer Walmart Inc. reported quarterly sales in another blowout quarter on Tuesday.
Shares of Home Depot dipped more than 4% in premarket trading Tuesday as a miss on revenue expectations and cautious full-year guidance overshadowed a dividend increase.
Buoyed by healthy farming fundamentals and rising spending on infrastructure projects, Deere & Co raised its annual profit forecast last week after its quarterly income more than doubled from a year earlier, far outweighing Wall Street estimates.
As consumers spend more on deliveries of food and house essentials, DoorDash reported revenue of $1.82 billion, up 40% year-over-year, during Thursday's fourth-quarter earnings results.
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