STOCKS & BOND NEWS

Key Takeaways Micron shares fell more than 5% in premarket trading Thursday after the chipmaker posted quarterly results and revenue guidance that came in below Wall Street’s lofty expectations.The stock price reversed last Thursday on above-average volume to form a bearish wide-ranging day, a particularly volatile trading session that can …

Levi Strauss & Co. (LEVI) shares are sinking after it reported weaker-than-expected revenue; Micron Technology (MU) stock is moving lower after its net income came in lower than expectations; investors are eyeing Nike’s (NKE) Olympic marketing plans as the shoemaker is set to report earnings after the bell; Salesforce (CRM) …

Key Takeaways Amazon shares will remain in focus after the e-commerce and logistics behemoth crossed the $2 trillion market capitalization mark on Wednesday.Amazon shares have broken out above a rectangle pattern to a new all-time high, suggesting a continuation of the longer-term uptrend.The measuring principle, which calculates the stock’s most …

Key Takeaways Inflation has squeezed households as price increases have grown since the onset of the pandemic in February 2020.A new study shows that middle-income workers are cutting back on spending or picking up additional sources of income to try to combat rising prices. Housing costs have been a particular …

Key Takeaways Amazon on Wednesday became the fifth U.S. company to reach a market capitalization of more than $2 trillion.Amazon’s stock, which needed to close above $192.18 to keep its $2 trillion market cap, finished up nearly 4% at $193.61 Wednesday.It took the stock more than 1,100 days to add …

Key Takeaways Whirlpool shares soared in intraday trading Wednesday following a report that Germany’s Robert Bosch was looking into purchasing the company.Reuters said Bosch was in discussions with advisers about making a bid for its American home appliance rival.Whirlpool shares have struggled as consumers have pulled back on purchasing big-ticket …

Key Takeaways Southwest Airlines cut its revenue per available seat mile (RASM) guidance for the second quarter on weaker bookings.The carrier explained that it was having issues in adapting revenue management to its booking patterns in what it called a “dynamic environment.”Southwest said that despite the booking softness, it expects …

New York CNN Business — Barnes & Noble stock jumped more than 20% after the board said it would consider a sale of the troubled company. The board said Wednesday it had appointed a special committee to review offers. One came from longtime Barnes & Noble chairman Len Riggio. He …

Key Takeaways Chipotle stock is set to undergo a 50-for-1 split after markets close Tuesday, with shareholders receiving 49 additional shares for each share they owned previously.The first day of Chipotle’s split-adjusted trading will be on Wednesday.The split will lower the cost of each individual share and could make the …

Rivian shares jumped 50% in extended trading on Tuesday following news that German automaker Volkswagen plans to invest $5 billion in the electric vehicle startup as part of a joint venture to create industry-leading vehicle software technology. Volkswagen will make an initial $1 billion investment in the EV maker and expects …