Equity Markets

Weber’s initial public offering at the New York Stock Exchange last year. The grill seller reported a loss for its latest quarter. Photo: Richard Drew/Associated Press…

Elon Musk said his deal to buy Twitter Inc. TWTR -2.19% was on hold pending details on the amount of fake accounts on the social-media platform, prompting a sharp slide in the company’s shares in premarket trade. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Mr. Musk said in a tweet early Friday. He linked to a…

Apple’s stock is down roughly 20% for the year and down nearly 10% so far this month. Photo: SeongJoon Cho/Bloomberg News…

Dutch Bros Inc.’s BROS -26.94% shares plunged to new lows Thursday after the company warned of slowing sales growth as inflation keeps younger customers away from their afternoon coffee breaks. The drive-through coffee chain on Wednesday said that it expects same-store sales, a key industry metric that reflects sales at locations open at least 15 months, would be flat for the year, down from an earlier view of rising in the…

Toyota Motor Corp. projected a 21% drop in net profit for the current fiscal year despite higher revenue, blaming higher material costs. Toyota shares fell following the announcement Wednesday. The shares closed down 4.4% in Tokyo trading Wednesday. The Japanese car maker said its net profit in the January-March quarter, the final quarter of the previous fiscal year, fell 31% compared with a year earlier to the equivalent of $4.1 billion, although revenue was up 5.5%.…

Chinese companies like Alibaba Group Holding Ltd. BABA -5.79% are embracing buybacks and one-off dividends, handing cash to shareholders as they seek to shore up their battered stock prices and signal confidence in the long-term outlook. The dividend payouts and stock repurchases could help support a market that has been rattled by a series of challenges, which range from the economic impact of Beijing’s Covid-19 policies and sweeping regulatory crackdowns to concerns…

The technology industry, which powered the U.S. economy during the pandemic and grew at tremendous scale during a decade of ultralow interest rates, is confronting one of the most punishing stretches in years.Global powerhouses and fledgling startups are feeling pain from a variety of economic, industry and market factors, spawning postpandemic turbulence in e-commerce, digital advertising, electric vehicles, ride-hailing and other segments. Companies that emerged as job-creating juggernauts in the past two…