Amazon.com reported its plans to lay off more workers than previously estimated. Silvergate Capital total customer digital assets plunged. Bed Bath Bath & Beyond is running out of cash.
GE Healthcare Technologies traded higher on the first day of trading as a separate company. Salesforce said it will take a restructuring charge and trim its workforce. Carnival hiked cruise travel prices.
Apple fell on sales worries. Tesla plunged on weaker-than-expected sales in December. China-linked casino stocks advanced on the hopes of a rebound in social mobility.
3M said it will stop producing PFAS chemical substances from 2025. Meta settled a class action lawsuit linked to defunct Cambridge Analytica. The NFL plans to sell streaming access to YouTube subscribers.
Rite Aid said quarterly loss expanded. Nike showed a slight improvement in inventories in the last quarter. FedEx said it plans to cut more operating costs. Carnival Corp said quarterly loss shrank.
Arch Capital expanded its share repurchase program. Lucid raised $1.5 billon. Steelcase earnings were near the bottom-end of the guidance. General Mills said volume declined impacted sales and earnings.
Aerojet Rocketdyne agreed to be acquired by L3Harris in an all-cash deal. Mesa expanded its regional network alliance with United Air after American Airlines terminated its contract.
Tesla CEO sold lowered his stake in the company. JetBlue said December air travel demand is weaker than estimated. Roblox November growth sharply decelerated.
Delta Air lifted its outlook and said demand for air travel service is robust. Tesla edged lower on China sales worries. SoFi jumped after the chief executive acquired shares.
Energy stocks rebounded after crude oil and natural gas prices scaled higher as the European Union officials discussed the price cap on natural gas prices for 2023.
Microsoft entered into a long term partnership with for cloud computing services with the parent of the London Stock Exchange. Coupa Software agreed to go private. Horizon Therapeutics agreed to be acquired by Amgen.
Broadcom reported higher sales and earnings and hiked dividend and resumed stock repurchase. Chewy sales rose and swung to profit in its latest quarter. Lululemon said quarterly sales and earnings soared.
