Analysis: High energy prices could sink U.S. stocks during earnings season
By David Randall NEW YORK – Sky-high oil prices pose yet another obstacle to U.S. corporate earnings, and some on Wall Street are worried this could sink stock prices even deeper into…
Affirm posts larger-than-expected loss, shares sink
-Affirm Holdings Inc on Thursday posted a larger-than-expected loss for the second quarter as the buy now, pay later firm spent more on stock-based compensation following its initial public offering. Its shares…
Meta shares sink 20% as Facebook loses daily users for the first time
By Elizabeth Culliford and Nivedita Balu – Facebook owner Meta Platforms Inc’s shares plunged more than 20% late on Wednesday after the social media company posted a weaker-than-expected forecast, blaming Apple’s privacy…
Ukraine Warns West’s ‘Panic’ Over Russian Invasion Could Sink Its Economy
Ukrainian President Volodymyr Zelensky warned the West that its “panic” over Russia potentially invading his country risked hurting its economy, BBC News reported. “There are signals even from respected leaders of states,…
UK’s Amigo says CFO Mike Corcoran to step down
-British subprime lender Amigo Holdings said on Monday Chief Financial Officer Mike Corcoran will step down immediately, on a day where its shares fell as much as 62% after the firm flagged…
Gigi Sohn’s Time At A Shuttered Streaming Service Could Sink Her Nomination
President Joe Biden’s plans to confirm Gigi Sohn to the Federal Communications Commission (FCC) may be in jeopardy as concerns mount over her past work at a streaming service shut down for…
Infrastructure Vote Delayed After Talks Stall, Left-Wing Dems Reaffirm Vow To Sink It
Democrats scrapped a long-awaited vote on the bipartisan infrastructure bill late Thursday after talks between left-wing Democrats, congressional leadership and top White House officials stalled. House Majority Leader Steny Hoyer announced the…
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