Stock Market

Novavax slashes sales guidance in half, stock plunges 34%

Novavax Inc. executives slashed their annual sales guidance in half Monday while wildly missing financial expectations, sending shares down more…

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AMC to Issue Dividend in Form of ‘Ape’ Preferred Shares

AMC Entertainment Holdings Inc. said Thursday that it plans to issue a dividend to all common shareholders in the form…

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Ripples From Pelosi Trip May Take Time to Impact Global Markets

(Bloomberg) — From an accelerated decoupling of the world’s two largest economies to a discussion on whether China might weaponize…

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Teva Stock Soars After Reaching $4.25 Billion Opioid Settlement

Text size Kåre Schultz, Teva’s chief executive. Alex Edelman/POOL/AFP via Getty Images Shares of Teva Pharmaceutical soared early Wednesday as…

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As Snap melts down, its founders make sure to protect the people who matter: themselves

Snap Inc. has never been an investor-friendly company — as long as those investors weren’t its founders, at least —…

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AT&T Cuts Cash Flow View on Higher Spending, Overdue Bills

(Bloomberg) — AT&T Inc. said that more of its customers are starting to put off paying their phone bills, leading…

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Morgan Stanley Sees Stock Losses Even If There’s No Recession

(Bloomberg) — A rally in stock markets may prove to be short-lived as inflation pressures remain high and a recession…

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Futures Fall; Tesla AI Chief Exits

Dow Jones futures fell modestly overnight, along with S&P 500 futures and Nasdaq futures. The stock market rally saw more…

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Copper Crash Deepens as Recession Fears Loom Over Metals Trading

(Bloomberg) — Copper resurfaced above its $7,500 per ton plunge as fears of a global economic slowdown piled pressure on…

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JPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian Cut

(Bloomberg) — Global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to…

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