Warner Bros. Discovery Inc. tempered its full-year profit guidance, saying its financial performance will depend in part on when the labor strikes get resolved and the ad market starts to recover.
Analysts don’t quite know what to make of Coinbase Global Inc.’s valuation.
Lions Gate Entertainment Corp. has agreed to buy the EOne film and TV studio from toymaker Hasbro Inc. for $375 million in cash plus the assumption of loans.
Moderna Inc. raised its Covid-19 vaccine sales outlook for the year, finalizing contracts with Japan and several American health-care companies as the US government largely stops paying for the shots.
PayPal Holdings Inc. shares slumped after the payments giant said a key measure of profits shrank in the second quarter as the company had to set aside more money to cover souring loans it has made to merchants.
Slim Jim, the meaty snack food owned by Conagra Brands Inc., is signing a multievent deal with World Wrestling Entertainment Inc. that will make it wrestling’s biggest sponsor.
Long-dated US Treasuries headed for their worst week of the year amid signs of unexpected resilience in the US’s economy and fresh reasons to fret about its ballooning budget deficit.
Federal Reserve Bank of Richmond President Thomas Barkin said the greater-than-expected easing in inflation in June may be an indication that the US economy can have a “soft landing,” returning to price stability without a damaging recession.
Qualcomm Inc., the largest maker of smartphone processors, tumbled as much as 11% after giving a tepid sales forecast for the current quarter, indicating that demand for mobile devices remains weak.
Business growth in Saudi Arabia decelerated in July as rising interest rates started catching up with the kingdom’s non-oil industries.
