Moderna Earnings Beat Estimates. Why the Stock Is Sinking.
CEO tells Barron's a number of large European nations told the company in recent weeks they wouldn't buy Covid doses from Moderna this year.
Spirit Airlines Trims Workforce as Quarterly Loss Widens
Spirit Airlines is furloughing hundreds of pilots as the airline industry's fight for passengers weighs on the bottom line.
Wayfair stock falls as Q2 results weighed down by 'continued macro headwinds'
Wayfair Inc. shares are down 5.1% premarket after the online furniture retailer reported lower-than-expected second-quarter results amid continued macro headwinds.
Hershey's stock slides on Q2 sales and earnings miss as consumers pull back on discretionary spending
Hershey also lowered its 2024 guidance, and expects a decline in sales this year.
Nike Paid Him to Make Gold-Dipped Sneakers for LeBron. Now, It Is Suing Him.
Sneaker giant is cracking down on customizers and designers like the Shoe Surgeon as it wages wider legal fights to defend its trademarks.
Shell Launches $3.5 Billion Buyback After Earnings Beat
Shell said its second-quarter earnings came in ahead of expectations, and that it would buy back $3.5 billion of shares this quarter.
Venu Sports Streaming Service to Cost $42.99 a Month
The new venture will stream games and content that incudes the NFL, MLB, the NBA and Division I college football and basketball.
ArcelorMittal Trims Steel Outlook After Earnings Slump
ArcelorMittal reported a 38% fall in second-quarter earnings on lower steel prices and shipments but said it expected demand to improve in the second half of 2024.
Warehouse Developer Panattoni Plans Data-Center Push, Sparked by AI Boom
One of the largest industrial real-estate developers in the U.S. plans to begin developing data centers as an artificial-intelligence boom drives demand for the specialized buildings.
Volkswagen to Cut Costs Further as Profit Margin Misses Its Target
Volkswagen earnings beat forecasts in the second quarter but operating margin was below its expectations for the first half, and the carmaker said it was planning significant cost cuts.
(END) Dow Jones Newswires
August 01, 2024 11:15 ET (15:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
