Coinbase, Roblox, Wendy’s and more

Coinbase, Roblox, Wendy’s and more

Find out which companies are making headlines in the midday business. Coinbase saw a 27% drop in revenue in the first quarter as usage of the platform plummeted. Chesnot | Getty Images Coinbase – Shares of the crypto services operator jumped about 6% despite the company reporting a bigger-than-expected loss on Tuesday night and declining … Read more

Coke’s Latest Weird Flavor Is Here

Coke’s Latest Weird Flavor Is Here

“We wanted to create a drink inspired by dreams that was recognizable as Coca-Cola but with added cues that bring the playfulness and brightness of dreams to life,” a company spokesperson said in an email. email about the product. “We drew inspiration from the Technicolor dream world, adding a splash of vibrant flavors to our … Read more

The markets have extrapolated from one version to another. Here are low-priced stocks that generate long-term returns, these fund managers say

The markets have extrapolated from one version to another.  Here are low-priced stocks that generate long-term returns, these fund managers say

Wow, that was a shock: U.S. consumer price growth slowed to 0% in July, the Labor Department reported Wednesday. Underlying price growth slowed to 0.3%, which was lower than expected. Over the past 12 months, prices have gained 8.5%, also below expectations. The soft reading appears to justify the 13% rally in the S&P 500 … Read more

Wendy’s, Coinbase, Buzzfeed and more

Wendy’s, Coinbase, Buzzfeed and more

Check out the companies making headlines before the bell: Wendy’s (WEN) – Wendy’s shares fell 1% in premarket trading after a mixed quarter, which saw the restaurant chain report better-than-expected earnings while revenue fell short of Street forecasts. U.S. same-store sales rose 2.3%, less than analysts had estimated, as consumers spent more cautiously. Coinbase (COIN) … Read more

Israeli students accuse Ben & Jerry’s of occupying tribal land

Israeli students accuse Ben & Jerry’s of occupying tribal land

Israeli students say ice cream maker Ben & Jerry’s is “illegally” occupying land in Vermont that once belonged to an Abenaki Native American tribe and should practice what they preach and evacuate the properties immediately. A cheeky letter sent to B&J – signed by more than 1,000 Israeli students and scholars affiliated with Students for … Read more

Large explosions rock a Russian military air base in Crimea

Large explosions rock a Russian military air base in Crimea

KYIV, Ukraine (AP) — Powerful explosions rocked a Russian air base in Crimea and sent towering clouds of smoke across the landscape on Tuesday in what could mark an escalation in the war in Ukraine. At least one person was killed and several others were injured, authorities said. The Russian Defense Ministry denied that the … Read more

US pledges $1 billion more rockets and other weapons for Ukraine

US pledges  billion more rockets and other weapons for Ukraine

WASHINGTON (AP) — The Biden administration said Monday it is shipping its biggest arms shipment to Ukraine as that country prepares for a potentially decisive counteroffensive in the south against Russia, sending $1 billion. of rockets, ammunition and other materials to Ukraine from Ministry of Defense Stockpiles. The new US arms shipment would further bolster … Read more

Stocks make the biggest moves after the hour: Coinbase, Roblox and more

Stocks make the biggest moves after the hour: Coinbase, Roblox and more

In this photo illustration the Coinbase logo seen displayed on a smartphone screen. Raphael Henrique | SOPA Images | Light flare | Getty Images Find out which companies are making headlines after hours trading. Coinbase – Coinbase fell more than 3.5% in after-hours trading after reporting its quarterly results. The company missed analysts’ expectations for … Read more

Coinbase (COIN) Q2 2022 Revenue

Coinbase (COIN) Q2 2022 Revenue

Shares of Coinbase fell in extended trading on Tuesday after the crypto exchange reported a loss of more than $1 billion in the second quarter and missed analysts’ estimates for revenue. Here’s how the company did it: Earnings: Loss of $4.98 per share, compared to a loss of $2.65 per share as expected by analysts, … Read more

Sweetgreen (SG) Q2 2022 results are in line with estimates

Sweetgreen (SG) Q2 2022 results are in line with estimates

A worker wears a Sweetgreen Inc. hat while preparing food inside the company’s restaurant in Boston, Massachusetts. Adam Glanzman | Bloomberg | Getty Images Shares of Sweetgreen plunged more than 20% in extended trading on Tuesday after the salad chain lowered its 2022 forecast. The catering company also said it had laid off 5% of … Read more