Snap Posts Weakest-Ever Sales, Shares Tumble After Hours
Snapchat owner holds off on issuing new guidance and slows the pace of hiring amid market turbulence.
FedEx to Suspend Sunday Delivery in Some Markets
The package-delivery giant's move comes amid a downturn in package volumes and labor strife with contractors over pay and other practices.
Mattel Sales Up 20%, Led by Hot Wheels and Lightyear Toys
The toy maker's second-quarter sales rose 20%, signaling continued strong demand for toys even as inflation eats away at household budgets.
IAG's Full-Year Margin Misses Guidance as Natural Peril Costs Soar
Insurance Australia Group's annual insurance profit margin fell to 7.4% from 13.5% in the prior fiscal year and below the company's 10%-12% guidance range amid outsized natural peril costs after rain inundated the country's east.
Staff at HSBC's China Securities Arm Set Up Communist Unit
Under President Xi Jinping, the Communist Party is seeking more sway over private companies, including foreign ones.
Ford's Route to EVs Runs Through China
The auto maker is getting a better grip on its supply chain for electric vehicles by embracing Chinese battery giant CATL, among other partners.
Boston Beer slashes earnings forecast as the downfall of hard seltzer continues
Boston Beer Inc. executives slashed their annual earnings forecast Thursday, admitting that demand for hard seltzer continued to fizzle below their expectations.
Seven Crypto Companies That Laid Off Employees This Summer
Once-highflying businesses such as Coinbase are cutting hundreds of jobs after expanding too quickly during the bull market.
Primark Owner ABF Hires Finance Head from Retail Rival Marks & Spencer
Eoin Tonge of M&S will succeed John Bason, who will chair a new advisory board after more than 20 years as finance director.
Russian Titanium Maker Is Pulled Off Sanctions List
France and other European Union states prevent action against Airbus supplier VSMPO, fearing a Moscow ban on exports of the metal.
(END) Dow Jones Newswires
07-21-22 2115ET
