Yahoo Finance Live: Midday Movers - Jul 5th, 2018
Yahoo Finance's LIVE stock market coverage and analysis.
U.S. stock futures fell and overseas markets were mixed after the Bank of England kept its key interest rate unchanged.
The alt-meat group is looking to tackle a 16% year-on-year decline in volumes.
Krispy Kreme faced a looming threat: the growing popularity of buzzy weight-loss drugs. For months, short sellers had piled on bearish wagers on the theory that Krispy Kreme customers using drugs such as Ozempic would lose their appetite for treats. As it turns out, picking losers from the weight-loss drug revolution isn’t so easy.
Google has made frequent changes to its search results pages over the years, and Tripadvisor has often suffered as Google has its own competing businesses. Recent changes appear to have hit Tripadvisor particularly hard.
The company's largest shareholder needs cash within the next year.
Plug Power's management touts its long-term potential, but some analysts are starting to worry.
Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has described lidar sensors as a “crutch” for autonomous vehicles. Yet Tesla has become the largest customer of lidar manufacturer Luminar Technologies, Inc. (NASDAQ:LAZR). As disclosed in Luminar’s earnings report on Tuesday, in the first quarter of 2024, Tesla contributed over 10% of Luminar’s revenue, totaling more than $2 million. Luminar’s revenue decreased 5% from the fourth quarter of 2023, primarily due to reduced sensor sales to non-automotive cust
Shares of the Kate Spade owner pared some of its early losses to trade 1.4% down before the bell as the company's quarterly profit exceeded estimates. Reduced discretionary spending in North America owing to rising prices and a fragile post-pandemic recovery in China have led to sagging sales for Tapestry's leather handbags and footwear brands.
The Easter holiday occurring in the first quarter rather than the second and currency-exchange impacts were partly to blame for Airbnb projecting current-quarter revenue below lofty Wall Street estimates. It also forecast the growth rate of room nights booked would be relatively flat on a sequential basis, but the company's average daily rate is expected to be modestly higher year-over-year. "Airbnb failed to deliver a beat/raise on nights, which we believe was necessary to ease concerns about slowing growth and risk of downside to consensus estimates for accelerating growth in (the second half of 2024 and in 2025)," Jefferies analysts said.
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