Bed Bath & Beyond rushes to close stores and cut expenses as sales decline and cash dwindles. Coinbase announced a second layoff in seven months. Danaher lifted its fourth quarter outlook.
Biotech firms Albireo agreed to be acquired by France-based Ipsen and CinCor by AstraZaneca. Duck Creek Tech agreed to go private. Lululemon's guidance disappointed investors. Teladoc narrowed its fourth quarter revenue outlook.
World Wrestling Entertainment said its founder will return to its board and the company may look for a buyer. Greenbrier dropped after the railcar maker swung to a quarterly loss. Tesla extended its discounts for sales in China.
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.
