SoftBank Reports Record $23 Billion Quarterly Loss as Tech Downturn Hits

TOKYO—Japanese technology investor SoftBank Group Corp. on Monday reported a record quarterly loss of more than $23 billion after its Vision Fund investments suffered from the global selloff in technology shares. The April-June loss was about 1½ times the previous record set just three months earlier in the January-March quarter.

IRobot, DraftKings, Zillow, Lyft, AMC, and Other Stock Market Movers

Text size Corporate earnings were the main factor driving moves in individual stocks early on Friday. The (Photo by Spencer Platt/Getty Images) Stock futures were lower Friday as investors responded to news that hiring in July was far stronger than expected. Dow Jones Industrial Average futures were down 0.4%, S&P 500 futures were off 0.7%, … Read more

AMD, PayPal, Starbucks, Uber, Paramount, and Other Stocks to Watch This Week

It’s the peak stretch of second-quarter earnings season, with roughly 150 S&P 500 firms scheduled to report this week. The highlights on the economic calendar will be a pair of purchasing managers’ index readings and jobs Friday. Wednesday’s earnings highlights will be Booking Holdings , CVS Health , eBay , spirit Modern . Thursday will … Read more

AMD, PayPal, Starbucks, Uber, Paramount, and Other Stocks for Investors to Watch This Week

It’s the peak stretch of second-quarter earnings season, with roughly 150 S&P 500 firms scheduled to report this week. The highlights on the economic calendar will be a pair of purchasing managers’ index readings and jobs Friday. Wednesday’s earnings highlights will be Booking Holdings , CVS Health , eBay , spirit Modern . Thursday will … Read more

Starbucks, Uber, CVS to Report Earnings Amid Shrinking Economy

July 30, 2022 10:00 am ET List two articles (2 minutes) CVS Health Starbucks spirit Uber Technologies are among the companies headlining another busy earnings week as investors look for signs of a recession after a second quarter of contraction in the US economy. Also expected to report earnings are Uber ride-hailing rival Lyft Modern … Read more

Uber Technologies Inc. stock rises Thursday, still underperforms market

Shares of Uber Technologies Inc. UBER, + 0.46% inched 0.46% higher to $ 24.23 Thursday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index COMP, + 1.36% rising 1.36% to 12,059.61 and the Dow Jones Industrial Average DJIA, + 0.51% rising 0.51% to 32,036.90. This … Read more

Lift Lays Off About 60 Employees, Folds Its Car Rentals For Riders

Lift Inc. has shed about 60 people while hitting the brakes on renting its cars to riders and consolidating its global operations team, according to people familiar with the matter and an employee memo reviewed by The Wall Street Journal. The cuts covered less than 2% of staff and mainly affected employees who worked in … Read more

Didi Ends Tumultuous Run as a New York-Listed Company

Didi Global Inc.’s DIDI -2.97% bumpy ride in the US public markets is over — after 11 months. The ride-hailing company marked its last day as a New York Stock Exchange-traded company Friday, according to a person familiar with the matter, after an ill-fated debut helped turn it into a poster child for China’s tech … Read more

What Did the Stock Market Do Today? Dow Ends Higher but Early Gains Fade.

Text size The Wall Street subway station near the New York Stock Exchange. AFP via Getty Images The stock market ended slightly higher Monday amid general optimism about the reopening of China’s economy and the boost it could provide to the global economy. Early gains fizzled, though, as bond yields ticked higher. The Dow Jones … Read more

Stock Market Today: Dow Bounces, Amazon Gains, Apple Rises

Text size The Wall Street subway station near the New York Stock Exchange. AFP via Getty Images The stock market rose slightly Monday amid general optimism about the reopening of China’s economy and the boost it could provide to the global economy. In midday trading, the Dow Jones Industrial Average advanced 58 points, or 0.2%, … Read more