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The Wall Street Journal reported Thursday that Elliott Management Corp., known for its activist investments, has taken a major stake in Pinterest Inc., citing people familiar with the matter.
On Tuesday, Peloton Interactive said it plans to exit all of its in-house manufacturing of its bikes and treadmills and move production to partners as it works to simplify operations and reduce costs.
After much-awaited vehicle production and delivery figures, Rivian Automotive said Wednesday it manufactured 4,401 electric vehicles at its Illinois plant in the second quarter.
According to a report by Wall Street Journal, the video streaming giant, Netflix Inc., is interviewing candidates to lead its upcoming ad-supported tier of services.
In a bid to turn around a business struggling to shift gaming demands and market uncertainty, GameStop announced its finance chief is leaving the company amid plans for corporate job cuts.
On Friday, General Motors offered lackluster guidance for its second quarter as continued supply chain disruptions impact its wholesale volumes.
Shares of the leading supplier of memory and storage chips, Micron, fell 5.8% in Friday trading after the company reported better-than-expected fiscal third-quarter results, but guidance missed analyst views.
This week, shipping giant FedEx Corp. told investors it would boost sales and profit by targeting "high-value" customers and improving efficiency.
On Monday, one of America's largest banks, Morgan Stanley, said it would increase its quarterly dividend payouts on its common stock to 77.5 cents a share, up 11% from last year's payout of 70 cents.
As the first company to introduce a COVID-19 vaccine, the pharmaceutical behemoth Pfizer in partnership with BioNTech, said Wednesday they had signed a $3.2 billion deal with the U.S. government for 105 million doses of their vaccine.
Shares of Pinterest Inc. climbed more than 5% in late trading Tuesday after the social media company said its longtime CEO and co-founder Ben Silbermann is stepping down from his role effective Wednesday.
Earlier this week, Twitter announced that Shopify's merchant customers would be able to connect their Twitter accounts to their Shopify accounts.
In late trading Thursday, Adobe stock lost ground after the provider of software for creativity provided softer-than-expected guidance for both its current quarter and full fiscal year.
On Tuesday, Coinbase Global Inc. added to a further wave of reckoning through the cryptocurrency industry after the company said it would cut almost a fifth of its staff.
While the S&P 500 Index sank into a bear market on Monday, with investors fearing that the Fed will need to hike interest rates more aggressively to fight inflation, Coca-Cola was the last one standing with what seems to be a knockout punch.
Last week, Chinese electric vehicle maker Nio reported disappointing first-quarter results, having lost $281.2 million, broader than the $68.8 million it lost a year ago.
Intel is joining other companies in reassessing priorities amid global economic uncertainty as it adjusts near-term spending plans.
On Tuesday, Unilever PLC announced it would add Nelson Peltz to its board. following the news, shares of the consumer staple giant rose 10%.
Last week, Costco Wholesale reported fiscal 2022 third-quarter earnings that beat earnings per share and revenue expectations, bolstered by a record-breaking membership renewal rate.
Investors will be looking ahead to Eurozone inflation data, the ease of Covid restrictions in China, and Friday's non-farm payrolls as the turbulent month in equity markets are drawing to a close.
Graphics-chip maker Nvidia Corp. gave a muted sales outlook Wednesday as it posted record sales in Data Center and Gaming for the most recent quarter.
On Friday, Alibaba Group Holding Ltd shares soared in Hong Kong, extending the positive momentum from U.S. trading overnight as investors welcomed the company's better-than-expected earnings.
In premarket trading Friday, shares of Dell Technologies Inc. rose 12% after the company reported higher first-quarter sales and lower operating expenses.
On Tuesday, Nordstrom raised its forecast for earnings and revenue for the coming year ahead of analysts' expectations, sending shares up nearly 10% in premarket trading Wednesday.
In an attempt to make up for its eroding share price, ride-hailing firm Lyft Inc. said on Tuesday that it would slow down hiring, reduce the budgets of some of its departments, and grant new stock options to some employees.
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