Ford, General Motors, Tapestry and more

Ford, General Motors, Tapestry and more

Take a look at some of the biggest movers in the premarket: Ford (F), General Motors (GM) – Ford fell 2.8% in premarket trading while GM slid 3.4% after Wells Fargo double-downgraded both stocks to “underweight” from “overweight.” Wells Fargo said 2022 could represent a profit peak for legacy automakers, with the shift toward electric … Read more

Coinbase (COIN) earnings Q1 2022

Coinbase (COIN) earnings Q1 2022

Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase reported first-quarter earnings that missed analyst estimates after the bell on Tuesday. Shares fell as much as 19% in extended trading, before rebounding. … Read more

Under Armor (UAA) reports sales below Wall Street estimates

Under Armor (UAA) reports sales below Wall Street estimates

The interior of an Under Armor store is seen on November 03, 2021 in Houston, Texas. Brandon Bell | Getty Images Under Armor sees a tough year ahead, roiled by global supply chain challenges and another round of Covid lockdowns in China that are putting a dent in demand. The sneaker and apparel maker on … Read more

Nikola (NKLA) earnings Q1 2022

Nikola (NKLA) earnings Q1 2022

Nikola Motor Company Source: Nikola Motor Company Electric heavy-truck maker Nikola said Thursday it shipped its first semitrucks to customers in April, and that it now has purchase orders and letters of intent for over 500 of its battery-electric Tre trucks. The company is also working with clients including Anheuser-Busch Inbev to complete a longer-range … Read more

Wayfair (W) reports Q1 2022 losses

Wayfair (W) reports Q1 2022 losses

Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Wayfair shares tumbled in premarket trading Thursday after the online furniture retailer reported larger-than-expected losses in the first quarter as shoppers scaled back their spending on the home category. Wayfair also announced its chief financial officer, Michael Fleisher, is set to retire early next year. Kate Gulliver, … Read more

Highest quarterly profit since 2008 on strong oil prices

Highest quarterly profit since 2008 on strong oil prices

Shell posted adjusted earnings of $9.1 billion for the first quarter of 2022. Ben Stansall | dpa | Getty Images LONDON — Oil giant Shell on Thursday reported its highest quarterly profit since 2008 on soaring commodity prices, fueling calls for a one-off windfall tax on oil and gas companies to help UK households with … Read more

CVS Health (CVS) Q1 2022 earnings

CVS Health (CVS) Q1 2022 earnings

A CVS Pharmacy store is seen in the Manhattan borough of New York City, New York. Shannon Stapleton | Reuters CVS Health on Wednesday outpaced Wall Street’s expectations for first-quarter earnings and raised its guidance for the year, as it saw demand for prescriptions and more, while demand for Covid vaccines and testing declined. The … Read more

Lyft earnings Q1 2022

Lyft earnings Q1 2022

A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, US, August 20 , 2020. Mike Blake | Reuters Shares of Lyft lost more than a … Read more

Bumper first-quarter net profit, massive loss on Russia

Bumper first-quarter net profit, massive loss on Russia

A BP logo on display in London, UK, on ​​Tuesday, Feb. 2, 2021. Chris J. Ratcliffe | Bloomberg | Getty Images BP on Tuesday reported bumper first-quarter profits and boosted share buybacks, despite posting a massive loss after offloading its nearly-20% stake in Russian-controlled oil company Rosneft. The oil and gas giant’s first-quarter underlying replacement … Read more

Activision Blizzard, Bilibili, Moody’s and more

Activision Blizzard, Bilibili, Moody's and more

Take a look at some of the biggest movers in the premarket: Activision Blizzard (ATVI) – Activision shares jumped 2.7% in premarket trading after Warren Buffett told the Berkshire annual meeting that the company had increased its stake in the videogame maker. Bilibili (BILI) – The China-based online gaming company’s stock slide 4.2% in the … Read more