China unexpectedly cut rates for the first time since January after industrial production and retail sales slowed in January. Despite the easing of lockdown conditions over the last three months, the economic activities rebound is weaker than anticipated.

Benchmark indexes closed up 3% in the week and extended two-month advances. Bond yield inched lower and crude oil and natural gas prices closed down. Investors are hoping the sliding energy prices are easing press

The restaurant payment platform operator said second quarter loss shrank after gross payment volume soared 62%.

TOST

Poshmark's Active Customers Jump 14%

Aug 12, 2022
Scott Peters
The social commerce fashion platform operator of new and secondhand apparel and accessories said gross volume rose 8% in the second quarter.

POSH

Olo Plunged 33% On Weak Annual Outlook

Aug 12, 2022
Scott Peters
The restaurant software company lowered its annual sales outlook and said quarterly loss expanded.

OLO
The car wash chain added 59,000 net new customers in the quarter and 185,000 in the first six-months of 2022 but lowered its annual revenues outlook.

MCW

LegalZoom.com's Quarterly Loss Shrank

Aug 12, 2022
Scott Peters
The online legal forms provider said quarterly loss shrank and lowered its revenue estimate. Average order value increased 5%.

LZ


Illumina plunged 20% after the genetic-sequencing company lowered annual revenue growth estimate. The company also increased its reserve for legal expenses.

ILMN
The S&P 500 index is set to extend its winning streak to the fourth week in a row and gains for the eighth week from the lows in mid-June. Inflation peaking narrative is driving the two-month-long market rally.

Six Flags said revenues in the second quarter declined 5% and net income dropped 36% on weak amusement park attendance.

SIX
The online eyewear retailer reported second quarter revenues rose and loss expanded on higher costs. The retailer also lowered full-year 2022 revenue growth outlook.

WRBY
The dating app operator lowered its full-year 2022 revenue outlook and net the second quarter estimate. Total paying users increased and average revenue per user also edged higher.

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Walt Disney Said revenues in the fiscal third quarter rose 26% and net income soared 53% but free cash flow plunged on the rising capital expenditures.

DIS
Benchmark indexes lacked energy after the early morning advance and drifted to lower levels in a volatile session. U.S. weekly jobless claims rose and producer prices eased on a monthly basis.



Bumble lowered its revenue outlook for the full-year. Warby Parker reported a larger loss and lowered its full-year revenue outlook. Walt Disney reported strong attendance at theme parks. Six Flags said guest arrivals dropped.

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