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Movers: AMC Ent, Barrick Gold, Berkshire Hathaway, Bed Bath & Beyond, BioNtech, NVIDIA, Palantir

Aug 8, 2022
Barry Adams
Berkshire Hathaway swung to a quarterly loss on but earnings soared on rising insurance-investment income. Barrick Gold said gold production was stable but copper production rose in the second quarter. Nvidia plunged after missing its revenue outlook.

AMC BNTX PLTR BBBY NVDA

Stocks On Wall Street Rest Ahead of Inflation Report

Aug 8, 2022
Barry Adams
Stocks on Wall Street rested after advancing for three weeks in a row. Tech stocks fell after Nvidia reported a large shortfall in revenues. Investors looked ahead to the inflation report on Wednesday.

Asian Markets Advance, U.S.-China Tensions Simmer

Aug 8, 2022
Arjun Pandit
The Nikkei index in Japan closed higher following the advance in Friday's trading in New York. Tech stocks in China fell but indexes in Shanghai advanced . China's exports soared 18% despite the supply chain disruptions.

U.S. and Global Markets Turn Cautious On Rate Hike Worries

Aug 5, 2022
Barry Adams
U.S. and global market indexes turned cautious after the latest U.S. labor market report. Strong job additions in July showed the labor market strength but also advanced the case for a higher and faster interest rate increases.

Lyft Loss Expands as Active Rider Base Growth Slows

Aug 5, 2022
Scott Peters
Lyft said second quarter revenues rose but active rider base growth slowed and the loss in the period expanded.

LYFT

DoorDash Revenues Rise 30%

Aug 5, 2022
Scott Peters
DoorDash said second quarter revenues and gross order volumes rose on the expansion of merchants and customers on the platform. However, the net loss continues to widen as the quarterly revenue growth slows.

Expedia Bookings and Revenues Soar

Aug 5, 2022
Scott Peters
Expedia said gross bookings soared 26% in the second quarter with bookings for lodging surging 57% and air tickets surging 22% as travel activities pick up.

EXPE


Strong Labor Market Recovery In July Lifted Bond Yields, Stocks Meander

Aug 5, 2022
Barry Adams
Stocks rebounded from the lows of the session and bond yields rose after the payrolls expanded at a faster pace in four months. The labor market strength raised the prospect of a larger rate increase at the next Fed's meeting.

Asian Markets Advance Despite China Missiles Landing Near Japan

Aug 5, 2022
Arjun Pandit
Asian markets advanced and investors shifted focus to the latest batch of earnings. China is holding its largest-ever military exercises over Taiwan and landed at least five missiles near the southernmost islands of Okinawa, Japan.

Caution On Wall Street Ahead of Jobs Report, Oil May Fall Further

Aug 4, 2022
Barry Adams
Stocks on Wall Street lacked direction ahead of the release of labor force status Friday and payrolls expansions are expected to slow considerably in July. Gasoline demand at retail stations are near the lows seen two years ago at the height of the Covid-19 pandemic.

U.S. Stocks Lack Direction, Oil Drops to 6-month Low

Aug 4, 2022
Barry Adams
Stocks on Wall Street lacked direction after a two-day rally and ahead of monthly jobs report on Friday. Crude oil extended weekly losses on the worries of global economic slowdown.

Asian Markets Advance On Earnings and Positive Cues from Wall Street

Aug 4, 2022
Arjun Pandit
Benchmark indexes in China rose despite the rising tensions with the U.S. and in Japan rose on positive earnings and weaker crude oil prices. Market indexes in India were cautious ahead of rate decision on Friday.

Nasdaq Surges 2.6% On Positive Economic Data

Aug 3, 2022
Barry Adams
Tech stocks led the advance on Wall Street after the service sector expanded at the fastest pace in three months according to a private survey. Positive data on manufactured goods also supported the market advance.

European Markets Advance, Retail Sales Fall, Wholesale Inflation Rises

Aug 3, 2022
Bridgette Randall
European markets closed higher and retail sales declined and producer prices rose in the currency zone.



Robinhood's Assets Under Custody, Active Users, and Revenues Fell

Aug 3, 2022
Scott Peters
Robinhood said active users, assets under custody, and revenues declined after financial markets faced the worst first-half in decades and cryptocurrencies plunged.

HOOD