Breaking News: Markets

Tim Cook, CEO of Apple Inc.Adam Jeffery | CNBCOil giant Saudi Aramco on Wednesday surpassed Apple as the world's most valuable firm.Aramco's market valuation was just under $2.43 trillion on Wednesday, according to FactSet, which converted its market cap to dollars. Apple, which fell more than 5% during trading in the U.S. on Wednesday, is now worth $2.37 trillion.Energy stocks and prices have been rising as investors sell off equities in several industries, including technology, on fears of a deteriorating economic…

It wasn't a perfect quarter, but we're pleased to see theme park operating income and Disney+ subscriber additions beat expectations. It wasn't a perfect quarter, but we're pleased to see theme park operating income and Disney+ subscriber additions beat expectations. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their…

Disney is slated to release second-quarter results after the bell Wednesday. Here's what Jim Cramer and the CNBC Investing Club hopes to hear. Disney is slated to release second-quarter results after the bell Wednesday. Here's what Jim Cramer and the CNBC Investing Club hopes to hear. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks…

Check out the companies making headlines before the bell:Wendy's (WEN) –Wendy's reported adjusted profit of 17 cents per share, 1 cent below estimates, with revenue and same-store sales also missing analyst forecasts. The restaurant chain is seeing a negative impact from higher costs for supplies and labor, and its shares slid 3.4% in premarket trading.Krispy Kreme (DNUT) – Krispy Kreme gained 1.6% in the premarket after beating top and bottom line estimates for its latest quarter. The donut chain's "sales per hub" metric…

Bitcoin, the world's largest cryptocurrency, has fallen over 50% since setting an all-time high of nearly $69,000 in November.Dan Kitwood | Getty ImagesThe two main tokens from embattled crypto project Terra are now in freefall.UST, a so-called stablecoin that's meant to maintain a $1 peg, plunged more than 60% Wednesday from 24 hours earlier. It was trading at just 35 cents at 4 a.m. ET, according to CoinGecko data.Sister token luna dived more than 80% to $5.Other cryptocurrencies tumbled alongside them, with bitcoin…

In this photo illustration an Upstart Holdings logo is seen on a smartphone screen.Pavlo Gonchar | SOPA Images | LightRocket | Getty ImagesShares of Upstart plummeted Tuesday after the artificial intelligence lending platform cut its full-year revenue outlook, citing rising interest rates and an uncertain economy.The company had reported better-than-expected first-quarter results Monday after the bell, but also slashed its 2022 revenue forecast to $1.25 billion from a prior estimate of $1.4 billion.Upstart expects…

A Peloton Interactive Inc. logo on a stationary bike at the company's showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021.Adam Glanzman | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Peloton – Shares tumbled 12% after the equipment maker disclosed it's piling up excess inventory and burning through cash in a disappointing earnings report. Peloton also issued a dim fiscal fourth-quarter sales outlook and expects an upcoming price hike may lose the company some…

A customer refuels at a Chevron gas station with prices above $4 a gallon in Seattle, Washington, U.S., on Monday, March 7, 2022.David Ryder | Bloomberg | Getty ImagesGasoline prices surged to the highest level on record Tuesday as oil holds steady above $100 a barrel, contributing to inflationary pressures across the economy.The national average for a regular gallon of gas hit an all-time high of $4.374 on Tuesday, according to AAA. The price is not adjusted for inflation.Prices have been rising at a fast clip, with the…

U.S. stock futures are slightly higher on Monday night after the S&P 500 fell to its lowest point in more than a year.Dow Jones Industrial Average futures rose by 65 points, or 0.2%. S&P 500 and Nasdaq 100 futures climbed 0.2% and 0.2%, respectively. Shares of AMC and Novavax made major moves after hours on the back of their most recent quarterly reports.Earlier in the day, the S&P 500 dropped below the 4,000 level to mark the index's weakest point since March 2021. The broad market index fell as low as…

An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021.Carlo Allegri | ReutersCheck out the companies making headlines after hours.AMC — Shares jumped 4% after the entertainment company reported its "strongest first quarter in two full years" as consumers return to movie theaters. AMC beat on revenues with $785.7 million, compared to the $743 million expected by analysts polled by Refinitiv.Novavax — Shares dropped more than…