Why Is the Stock Market Down? It Knows the Worst Is Yet to Come.

Text size NYSE From a certain point onward, there is no turning back. The stock market reached that point this past week. Oh, the market was hopeful, entering the week, that inflation had reached its peak, that the Federal Reserve would stop raising rates soon, that the bottom was in. But Tuesday’s release of August’s … Read more

FedEx to Close Offices, Park Aircraft After Warning of Sales Shortfall

Updated Sept. 15, 2022 5:42 pm ET Listen to article (1 minute) FedEx said its quarterly revenue fell below its expectations and it was closing offices and parking aircraft to offset declining volumes of packages moving around the world. FedEx shares tumbled 13% on the warning, which came after markets were closed Thursday and about … Read more

U.S. stocks open higher as investors assess Fed rate outlook, await key speeches

U.S. stocks opened higher Wednesday, shaking off modest weakness seen earlier after The Wall Street Journal reported that policy makers appeared to be on track to deliver another 75 basis-point rate increase this month. Investors were also awaiting a speech from Federal Reserve Vice Chair Lael Brainard, among other senior Fed officials, along with the … Read more

UiPath Stock Sinks on Cut to Fiscal-Year Revenue Forecast

Text size UiPath, the robotic-process automation software company, cut its revenue outlook for the fiscal year. Courtesy UiPath UiPath stock was sinking Wednesday after the robotic-process automation software company cut its outlook for fiscal-year revenue citing “foreign exchange and macroeconomic volatility.” For the third quarter, UpPath (ticker: PATH) said it expects revenue of $243 million to $245 … Read more

‘Tech disruptions can boost the efficiency of Indian logistics sector’

Speaking at the International Conference on Machine Vision and Augmented Intelligence early this year, Road Transport and Highways Minister Nitin Gadkari highlighted how India accounts for 5 lakh road accidents every year, which is the highest in the world. As many as 1.5 lakh deaths are said to occur due to these accidents with 3 … Read more

Workhorse Stock Sinks After Company Cuts Its Sales Outlook

Text size Workhorse reported a net loss of $21.2 million. Courtesy Workhorse Workhorse Group stock tumbled on Tuesday after the electric-van manufacturer said it expects to sell fewer vehicles than previously expected and cut its revenue guidance for the full year. Workhorse (ticker: WKHS) said in its second-quarter earnings release that “assuming supply chain lead … Read more

Norwegian Stock Sinks as It Predicts Losses to Continue

Text size The cruise company predicted it would continue to be unprofitable in the third quarter. Alexandre Meneghini/Reuters/Alamy Shares of Norwegian Cruise Line Holdings fell in premarket trading Tuesday after the cruise company predicted it would continue to be unprofitable in the third quarter. Norwegian (ticker: NCLH ) posted a second-quarter adjusted loss of $478.3 … Read more

Disney, Coinbase, BioNTech, Rivian, and Other Stocks to Watch This Week

Text size Second-quarter earnings season continues this week, while a pair of July inflation figures and consumer sentiment surveys will be the highlights on the economic-data calendar. On Monday, Tyson Foods , BioNTech , AIG, and Take-Two Interactive Software will report. Coinbase Global, Norwegian Cruise Line Holdings , Sysco , and Ralph Lauren go on … Read more

Virgin Galactic Stock Tumbles as Commercial Service Again Delayed

Text size Courtesy Virgin Galactic Shares of Virgin Galactic were tumbling Friday after the space tourism company pushed back the launch of commercial service to the second quarter of 2023. Virgin Galactic (ticker: SPCE) last said it expected to start commercial space-tourism service in the first quarter of next year. That was after pushing back … Read more

Stock Market Today: Dow Futures Slip as Pelosi Goes to Taiwan, BP Surges

Text size House Speaker Nancy Pelosi is set to arrive in Taiwan Tuesday. Chip Somodevilla/Getty Images China isn’t the only one upset about Nancy Pelosi’s visit to Taiwan—the stock market is concerned, too. Dow Jones Industrial Average futures have fallen 176 points, or 0.5%, while S&P 500 futures have declined 0.6%, and Nasdaq Composite futures … Read more