Rivian keeps production guidance intact for 2022. The stock is still falling.

Font size The Rivian R1S should start shipping to customers in a few months. Thanks to Rivian Electric Truck Manufacturer Rivian Automotive reported a larger-than-expected quarterly loss but, most importantly, maintained its production estimates for the full year. The stock wobbled as investors digested the news. Rivian (ticker: RIVN) reported an adjusted loss per share … Read more

Disney+ price hike shows limits to subscriber growth push – The Wall Street Journal

Disney+ Price Increase Shows Limits to Subscriber GrowthThe Wall Street Journal Disney+ is getting more expensive…unless you want adsCNN Disney+ and the streaming price hikethe bell Disney Plus’s price hike is a huge blunder – here’s whyTom’s guide Disney raises prices, but don’t blame inflation this timeCNBC See full coverage on Google News

The share of Meta Platforms Inc. drops Thursday, still outperforms the market

Shares of Meta Platforms Inc. META, -0.48% fell 0.48% to $177.49 Thursday, on what turned out to be an overall mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.08% up 0.08% to 33,336.67 and the NASDAQ Composite Index COMP, -0.58% decreasing by 0.58% to 12,779.91. Meta Platforms Inc. closed … Read more

Disney Reports Earnings Increase, Lowers Long-Term Forecast for Disney+ Subscribers

Walt Disney reported a 26% increase in revenue and more new customers than expected for its streaming service on Wednesday, but it lowered the bar for projected future growth for its Disney+ streaming service. Financial director Christine McCarthy at the company’s call with analysts, it lowered its forecast for Disney+, saying it now expects to … Read more

Wheaton Precious Metals Corp’s stock. rising Wednesday, but still underperforming the market

Shares of Wheaton Precious Metals Corp. WPM, +0.66% moved 0.66% higher to $44.27 on Wednesday in what proved to be an overall favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE, +1.57% an increase of 1.57% to 19,885.94. Wheaton Precious Metals Corp. closed C$21.18 lower than the 52-week high (C$65.45) reached … Read more

Trade Desk rockets after ‘strong’ results. This is what Wall Street thinks

Font size Trade Desk CEO and Founder Jeff Green. The trade desk Trading desk shares shot up Wednesday after the ad tech company delivered solid quarterly results despite a challenging environment. The numbers forced analysts to raise their share price targets. During morning trading, shares of Trade Desk (ticker: ) rose 34.8% to $73.43 – … Read more

Foxconn predicts a better year, but signals slowing demand for smartphones

Foxconn Technology Group, the world’s largest iPhone assembler, said demand for smartphones and other consumer electronics is slowing, leading it to take a more cautious stance in the current quarter. Foxconn Chair Young Liu said the smartphone market could remain flat compared to a year earlier. He listed potential risks, including inflation, the pandemic and … Read more

Tech stocks are back in the driver’s seat of the market

Some well-known stocks have reclaimed their place at the top of the market leaderboard. The technology and consumer discretionary segments of the S&P 500 have propelled the broader market’s rally from its 2022 low in mid-June. That marks a reversal from much of the year when investors sought refuge in utilities, consumer staples and health … Read more

ABN AMRO 2Q net profit rose above market views — Update

By Sabela Ojea ABN AMRO Bank NV on Wednesday reported an increase in net profit for the second quarter of 2022, which significantly exceeded market expectations, but also recorded higher operating expenses. The Dutch lender posted a net profit of 475 million euros ($485.1 million), compared to 393 million euros a year earlier. Net profit … Read more

Chipmakers expect demand slowdown to extend beyond PCs and smartphones

The chip industry, which braced itself for a difficult period in which laptop sales slumped, is adjusting to a wider and sharper slowdown, even as semiconductor companies prepare to spend billions of dollars on new factories. ‘The market is worse than we thought’ Mark MurphyChief Financial Officer at Memory Maker Micron Technology Inc., said Tuesday. … Read more