Luxury automaker Porsche issues growth outlook after record 2022 earnings

The all-electric Porsche Taycan Turbo. Source: Porsche AG Luxury automaker Porsche AG issued an ambitious long-term outlook of more than 20% of return on sales, after posting record 2022 earnings…

Coinbase downgraded ahead of earnings on ‘treacherous’ outlook

Investors holding shares of Coinbase Global (COIN) should be feeling much better than they did at the beginning of the year. In 2023, the stock has rallied a staggering 89%,…

Futures, Bonds Drop on Fed Outlook; Dollar Rises: Markets Wrap

(Bloomberg) — Wall Street equity futures, European stocks and bonds dropped as an unexpectedly strong US jobs report raised the prospect of more rate hikes from the Federal Reserve. Concern…

Olive Garden parent raises outlook

An Olive Garden restaurant in Times Square in New York Richard Levine | Corbis | Getty Images Darden Restaurants on Friday reported quarterly earnings and revenue that beat Wall Street’s expectations, as…

PayPal earnings forecast heads higher, but revenue outlook sends the stock lower yet again

PayPal Holdings Inc.’s cost-savings story began to play out in the latest quarter, but that wasn’t enough to satisfy investors as the digital payments giant also cut its revenue forecast…

Qualcomm stock drops more than 7% after poor outlook, months-long chip glut

Qualcomm Inc. shares fell in the extended session Wednesday following the chip maker’s poor outlook, and estimates of about two months or more of inventory it needs to clear in…

FuboTV stock rallies after outlook hiked, sports-betting business dropped

FuboTV Inc. shares rallied in the extended session Monday after the streaming TV platform hiked its sales forecast for the third quarter, said it was dropping its sports-betting businesses and reaffirmed…

Danger of $4 Trillion Hole in World Outlook Haunts IMF: Eco Week

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Global finance chiefs gather in Washington in the…

Micron Stock Slides on Gloomy Outlook as Memory Demand Softens

Micron Technology shares are under renewed pressure after the memory chip company posted weak results and provided softer-than-expected financial forecasts. The anemic quarterly results, reported after the close of trading…

US Futures, Stocks Fall as Fed Outlook Takes Toll: Markets Wrap

(Bloomberg) — US equity futures retreated on Monday along with stocks in Europe as a risk-off mood took hold at the start of a key week for financial markets when…