Tag Archives: crashing

The disappearing stock price for Snap continues after another challenging quarter. Shares of the social media platform crashed 25% in pre-market trading on Friday as third quarter sales marked the fifth straight quarterly deceleration. Profits were also lackluster as Snap continued to blame an advertising slowdown and Apple privacy changes for the execution missteps. Here’s a snapshot of Snap’s dismal numbers: Net Sales: $1.13 billion vs. $1.14 billion estimate Daily Active Users: 363 million… Source link

Anne Heche was reportedly involved in a fiery car crash on Friday morning in Los Angeles and is in critical condition. The 53-year-old actress was taken away on a stretcher in photos captured by TMZ and hospitalized for severe burns. She’s intubated but expected to live, according to the outlet. Yahoo Entertainment reached out to a rep for Heche, but did not immediately receive a response. The LAPD confirmed to Yahoo that officers responded at an incident in the Mar Vista neighborhood at 10:55… Source link

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 Friday, July 15, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. The U.S. dollar (DX-Y.NYB) is on fire, reaching near-parity with the euro (EUR=X) for the first time in two decades. The yen (JPY=X) is down 20% versus the dollar over the last year — nearly unheard of… Source link

For more business and finance explainers, check out our Yahoo U page. Economic sanctions on Russia following the country’s invasion of Ukraine have sent the Russian ruble for a tailspin. Following several measures from Western countries to isolate Russia’s economy, the ruble lost over 30% of its value against the U.S. dollar. A devaluing currency makes sense, given sanctions on Russia’s largest banks and the severance of other firms from the international banking system known as… Source link

What happened As Ukraine declared a state of emergency in response to Russia’s deployment of troops, Russian stocks declined for a second straight day on Wednesday. As of 1 p.m. ET, shares of: So what It’s no great mystery why. Following a rambling, near-hour-long televised address by Russian President Putin on Monday, on Tuesday Russian troops and tanks began moving into the self-styled “Donetsk People’s Republic” and “Lugansk People’s Republic” –… Source link

Roblox shares are getting whooped in the real world on Wednesday after disappointing earnings. Shares of the gaming giant crashed 20% to $58 in pre-market trading — bringing the stock below its $64.50 direct listing price from March 2021 —as analysts voiced their concerns. with the company’s quarter. The Roblox ticker page was the most visited on Yahoo Finance. “Once stuck-inside kids and teens are now spending weekdays off their devices and out in the real world. The big picture… Source link

The bad news flywheel continues to be spinning in warp speed at Peloton (PTON).  Shares of Peloton crashed 22% to $26 on Thursday after a CNBC report that the struggling fitness company would temporarily halt production of its bikes and treadmills due to sluggish consumer demand. Shares fell below the company’s September 2019 IPO price of $29.  The company will reportedly stop producing its bikes for two months and treadmills for six weeks.  A Peloton spokeswoman didn’t return Yahoo… Source link

Peloton shares crashed more than 34% to $56 on Friday after the at-home fitness player warned about slowing demand for its trademark bike and inefficiencies in its business.  One analyst is staying upbeat on the shares, despite the report being the second straight poor showing for the company. “While we are a bit cautious of this new guide after the last one, and will be watching demand, churn, costs, and liquidity closely, we think tonight’s share price is not reflective of what Peloton… Source link

Bottom line: The hard seltzer boom is over. Shares of Boston Beer crashed 20% in pre-market trading on Friday as the maker of Truly hard seltzer and Sam Adams badly whiffed on its earnings expectations and slashed full-year guidance. The culprit: Execs overestimated the potential of the hard seltzer market, which continues to slow amid rising competition and people returning to bars coming out of the COVID-19 pandemic as Yahoo Finance has reported.  “We overestimated the growth of the hard… Source link

©Shutterstock.com / Shutterstock.com Ever heard of the “Sunday effect”? Lately, it seems every weekend, crypto values plummet – and it’s a trend with major ramifications for the future of crypto as a serious investing contender. See: 4 Best Places To Buy and Sell CryptocurrencyFind: How Does Cryptocurrency Work – and Is It Safe? Investors and investment managers have anxiously been awaiting a decision from the Securities and Exchange Commission on the approval of Bitcoin exchange… Source link