Comcast shares slide after the cable giant fails to add broadband subscribers for first time ever
Comcast beat revenue and profit estimates but failed to deliver broadband subscriber growth. Peacock subscriber numbers were also flat.
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Beyond Meat stock falls after conclusion of McDonald's McPlant test
Analyst research reported lackluster demand in the U.S. for McDonald's McPlant burger, which is made using Beyond Meat patties.
Pfizer quarterly sales surge to record high, driven by Covid vaccine and antiviral treatment Paxlovid
The pharmaceutical company booked net income of $9.9 billion, a 78% increase over the same period during 2021.
Stocks making the biggest moves in the premarket: Stanley Black & Decker, Southwest Airlines, Harley-Davidson and more
The stocks making the biggest moves in premarket trading include Stanley Black & Decker, Southwest Airlines, Harley-Davidson, and more.
WHO recommends gay and bisexual men limit sexual partners to reduce the spread of monkeypox
Men who have sex with men are the group at the highest risk of infection right now from monkeypox, according to the WHO.
Facebook lawsuit delivers on FTC chair Lina Khan's progressive agenda
The Federal Trade Commission sued to block Facebook-owner Meta from buying virtual reality fitness app maker Within Unlimited on Wednesday.
U.S. to release 786,000 additional monkeypox vaccine doses as outbreak spreads
HHS Secretary Xavier Becerra said the federal government will announce allocations of the 786,000 vaccine doses to local authorities on Thursday.
Qualcomm sales rise 37% despite 'challenging macroeconomic environment'
Qualcomm reported third-quarter earnings after the bell on Wednesday.
Mark Zuckerberg says economic downturn is here, so Meta must do more with less
Meta is one of several technology companies that have scaled back hiring as economic conditions, including consumer spending, have become more challenging.
Spirit ends merger agreement with Frontier, continues takeover talks with JetBlue
Spirit terminated its merger agreement with Frontier Airlines, months after a rival bid by JetBlue threw the planned tie-up into disarray.
Meta lost $2.8 billion on its virtual reality ambitions during Q2
The substantial sum is the latest sign that CEO Mark Zuckerberg and Meta continues to spend heavily to win the so-called "metaverse."
10-year Treasury yield is little changed after Fed’s second consecutive big rate hike
The yield on the benchmark 10-year Treasury note was little changed Wednesday as investors absorbed a key policy decision from the Federal Reserve.
Shopify misses estimates and issues gloomy guidance
Shopify warned that inflation and rising interest rates would weigh on consumer spending for the remainder of 2022.
Fed hikes interest rates by 0.75 percentage point for second consecutive time to fight inflation
The Federal Open Market Committee released its post-meeting statement Wednesday on what it will be doing with interest rates.
Vox Media cuts staff, slows down hiring as recession fears grow
Vox Media is laying off 39 employees in what may be a sign media companies are feeling economic pressures
FTC sues to block Facebook owner Meta from buying VR fitness app maker
The lawsuit echoes issues progressive critics have said the FTC should have raised in Facebook's acquisitions of Instagram and WhatsApp roughly a decade ago.
McDonald's and Chipotle say customers are trading down, visiting less often as inflation hits budgets
McDonald's and Chipotle Mexican Grill are seeing customers trade down and visit less often as inflation pressures their budgets.
Spirit shareholder vote finally underway on Frontier deal clouded by rival JetBlue bid
Spirit Airlines shareholders are voting on a planned merger with Frontier Airlines.
Pending home sales fell 20% in June versus a year earlier as mortgage rates soared
The decline in sales coincided with mortgage rates soaring to over 6% last month.
Here's what the Federal Reserve's back-to-back 75-basis point interest rate hikes mean for you
The Fed raised interest rates by another three-quarters of a point. Here's how that affects borrowers and savers now and down the road.
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