This post was originally published on Stocks tumbled last week, with the S&P 500 falling 2.1%. The index is now up 7.7% from its October 12 closing low of 3,577.03 and down 19.7% from its January 3 closing high of 4,796.56. Last week’s sell-off came as the Federal Reserve […]

SAN FRANCISCO, Dec. 8, 2022 /PRNewswire/ — DocuSign, Inc. (NASDAQ: DOCU), which offers the world’s #1 e-signature product as part of its industry leading lineup, today announced results for its fiscal quarter ended October 31, 2022. DocuSign, Inc. (PRNewsFoto/DocuSign, Inc.) “We delivered solid third quarter results, and are pleased with […]

Carvana (CVNA) shares spiraled Wednesday after the online car retailer’s biggest creditors reportedly signed an agreement to cooperate in potential restructuring negotiations as the company faces growing bankruptcy risk. The company’s stock plunged nearly 43% on Wednesday. Bloomberg News, citing people familiar with the matter, reported Tuesday that a group […]

U.S. stocks rose Thursday, stymieing this week’s rout across equities from stretching into another day after rate jitters and recession chatter hampered a seasonally bullish period for Wall Street. The S&P 500 (^GSPC) climbed 0.8% after five straight days of losses, while the Dow Jones Industrial Average (^DJI) bounced 180 […]

Disney+ (DIS) has officially launched its ad-supported tier. The new offering — which comes one month after Netflix’s (NFLX) much-anticipated ad-supported debut — costs $7.99 per month, $3 less than the ad-free version of Disney+ which now costs $10.99 per month. “Price hikes are hitting many of the major streaming […]

Reports 27% YoY ACV Billings Growth and Achieves Positive Non-GAAP Operating Income Delivers Outperformance Across All Guided Metrics SAN JOSE, Calif., November 30, 2022–(BUSINESS WIRE)–Nutanix, Inc. (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced financial results for its first quarter ended October 31, 2022. This press release features […]

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, November 30, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. […]

CNN has informed employees that layoffs are underway as parent company Warner Bros. Discovery (WBD) looks to slash $3 billion worth of costs over the next two years. According to an internal memo obtained by Yahoo Finance, CNN CEO Chris Licht wrote to employees on Wednesday: “Our people are the […]

The slide in Amazon stock may be just getting going as concerns mount on the outlook for the tech giant’s costs and top line growth potential, one veteran tech analyst warns. “We believe that Amazon has the most downside in our mega-cap coverage given its exposure to inflationary cost headwinds […]

Spotify (SPOT) is escalating its public battle with Apple (AAPL) over its controversial app store practices. In a lengthy thread posted to Twitter on Wednesday, Spotify CEO Daniel Ek wrote: “As countless entrepreneurs have highlighted, Apple is shameless in their bullying including our recent efforts to help authors sell more […]