Disney+ now has 103.6 million subscribers, below the 110 million that many on Wall Street were expecting.Disney's stock was down as much as 4% in after hours trading after the news of its subscriber growth drop.As for Disney's revenue, that also was soft, coming in at $15.6 billion for the quarter, 13% below last year's figure, the company said in its second quarter earnings announcement.
Rocketing sales of coolers, drinkware and recreational gear amid the Covid-19 pandemic gave Yeti Holdings a major boost in the first quarter.Yeti reported net income of $30.5 million for the quarter that ended April 3.On a per-share basis, the company said it had net income of 35 cents.
Wall Street legend Art Cashin said Thursday that inflation is the top issue facing the stock market right now, but it is too early to jump to conclusions about the final path of prices.Cashin, the director of floor operations for UBS and a long-time fixture of the New York Stock Exchange, spoke with CNBC's Bob Pisani in an exclusive conversation for CNBC Pro subscribers.
Wall Street ended sharply higher at the close of a broad rally on Thursday, bouncing back from three straight days of selling on upbeat labor market data.All three major U.S. stock indexes notched solid gains, with the S&P 500 enjoying its biggest percentage gain in over a month.
Wall Street ended sharply higher at the close of a broad rally on Thursday, bouncing back from three straight days of selling on upbeat labor market data.All three major U.S. stock indexes notched solid gains, with the Nasdaq, weighed by Tesla Inc (TSLA.O), picking up the rear.
Wall Street Bets was right: Hertz's bankruptcy auction will actually give shareholders a handsome payout - even after Wall Street decided the stock was worthless
Even Hertz itself didn't have as much faith in its stock as the retail traders did.When the company issued more shares in June, it said its stock could be "worthless.""We are in the process of a reorganization under chapter 11 of title 11, or Chapter 11, of the United States Code, or Bankruptcy Code, which has caused and may continue to cause our common stock to decrease in value, or may render our common stock worthless.
Check out the companies making headlines in midday trading.Canada Goose — Shares of the retailer slid 6% despite beating analysts' earnings expectations.Canada Goose reported earnings of 1 cent per share, compared to the loss of 12 cents forecast by Wall Street, according to Refinitiv.
Technology stocks helped Wall Street's main indexes rebound on Thursday after three sessions of declines, as data showed fewer Americans filed for weekly jobless claims, while investors shrugged off a surge in producer prices.The Labor Department's data showed U.S. producer prices rose 0.6% last month, after a gain of 1% in March.
Investors expect the Fed to monitor inflation closely amid a stock market sell-off The prospect of rising inflation has spooked investors, with European stocks following a sell-off on Wall Street sparked by a 13-year-high rise in US inflation.The FTSE 100 fell by more than 2% when markets opened on 13 May, while the Stoxx Europe 600 fell by 1.28% during early morning trading.
U.S. stock index futures fell for the fourth session on Thursday as investors awaited producer prices data, another inflation gauge, to see if a rise in prices would be strong enough to prompt a sooner-than-expected increase in interest rates.The Labor Department's data is likely to show U.S. producer prices rose 0.3% last month after a gain of 1% in March.
BY THE NUMBERS Stock futures are pointing to a lower open in what's already been the worst week for stocks in more than 6 months.Dow futures implied an opening decline of more than 130 points.Futures for the S&P 500 and tech-heavy Nasdaq were also in the red.
DoorDash on Thursday reported that its sales nearly tripled in the first three months of the year as demand for food delivery remained elevated even as U.S. restaurants reopened their dining rooms.DoorDash said its revenue surged 198% to $1.1 billion in the January-March period.That was well above Wall Street's forecast of $994 million, according to analysts polled by FactSet.
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * Miners, auto stocks lead losses * Burberry tumbles on annual sales drop * Several European markets closed for holiday (Adds comment, updates prices) By Sruthi Shankar May 13 (Reuters) - European stocks slid on Thursday, tracking an overnight selloff on Wall Street, as a rapid rise in U.S. inflation spooked investors, while a drop in commodity prices weighed on heavyweight miners.
(Reuters) - European stocks slid on Thursday, tracking a selloff on Wall Street, as a rapid rise in U.S. inflation spooked investors, while a drop in commodity prices weighed on heavyweight miners.The pan-European STOXX 600 index fell 1.0%, heading further away from all-time highs.
Rolling coverage of the latest economic and financial news Show Introduction: Inflation worries weigh on markets again Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.Inflation worries continue to grip the markets today, after US consumer prices jumped much more sharply than expected in April amid supply shortages and rising demand as lockdowns ease.
The FTSE 100 today was set to fall back again after a rapid increase in US inflation spooked the markets yesterday.As Wall Street fell into the red for a third day running last night, falling sharply in later trading after European markets had closed.Futures markets suggested the FTSE was set to open down 32 points at 6972 although on the IG platform 71% of traders were long on that price - betting it would be higher - so the eventual opening could be less depressed.
NEW YORK (Reuters) - Worries over inflation are rippling through the U.S. stock market, spooking equities overall while causing investors to consider which shares can hold up better in an environment where inflation may be heating up.Inflation talk grew on Wednesday as data showed U.S. consumer prices increased by the most in nearly 12 years in April.
May 13 (Reuters) - Australian shares slipped on Thursday, as local technology stocks got whacked after a stronger-than-expected U.S. inflation data raised concerns of a tighter monetary policy and set off further selling in growth stocks on Wall Street.The S&P/ASX 200 was down 0.4% at 7,016.4 points, as of 0026 GMT.