Shares of Uber were heading 7% higher in premarket trading Wednesday after the ride-hailing company delivered an upbeat outlook for the current quarter
Earnings Results: Under Armour stock reverses lower as high promotions and discounts to continue as inventories keep rising
Under Armour stock pulled a sharp intraday U-turn into negative territory, after downbeat comments about gross margins, inventories and discounting.
: Zoom’s stock jumps on news that company will lay off 15% of staff and cut executive pay
CEO Eric Yuan will cut his own pay by 98% as company lays off 1,300 workers.
The Wall Street Journal: Beyoncé’s clothing line missing Adidas projections by $200 million, documents show
Beyoncé’s fashion partnership with Adidas AG has produced weak sales of her Ivy Park clothing brand, according to documents and people familiar with the matter, leaving a roughly $200 million hole in the company’s annual projections.
Market Extra: Top Wall St. economist says ‘no landing’ scenario could trigger another tech-led stock-market selloff
A hot labor market could see the U.S. economy avoid a recession altogether. That isn’t good news for stock-market investors, warned a top Wall Street economist.
Need to Know: No wonder Powell didn’t commit to extra hikes. Here are five reasons the January jobs report may be too good to be true.
Economists say the January jobs report do not point to a new acceleration in the jobs market.
Economic Report: Mortgage demand recovers as mortgage rates fall for 5th week in a row
Mortgage applications rose 7.4% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.18%
: Adani stocks on the rise as debt repayment plans attempts to soften investor sentiment
Shares of companies linked to Indian conglomerate Adani Group were mostly clawing back on Wednesday after a rough couple of weeks as some units unveiled plans to repay its debt.
: Manchester United shares surge after report Qatari investors set to bid
Shares of U.K. soccer club Manchester United surged in premarket trade after a report of an imminent Qatari bid for the high-profile team.
Dow Jones Newswires: Volkswagen shares slip on missed 2022 free cash flow target
The German car maker said free cash flow for 2022 came in at 5 billion euros ($5.36 billion), below its goal of matching the prior-year’s EUR8.6 billion.