Analyst news

• The Tell: Mutual funds that buy U.S. stocks just had their best ‘hit rate’ in two years, BofA says

  08-11-2023 23:15
  Managers of mutual funds focused on large-cap stocks in the U.S. did a stronger job of beating their benchmark last month, but they’re still struggling to do so year to date, according to BofA Global Research.  Sixty-eight percent of large-cap active managers outperformed their Russell 1000 benchmark in October, BofA said in a research note dated Nov. 7. That marked their best “hit rate” in more than two years.The U.S. stock market broadly slumped in October, with the Russ
  
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• Earnings Results: Disney shares rise on huge increase in streaming users, improved earnings

  08-11-2023 23:09
  Walt Disney Co.’s stock climbed 3.5% in extended trading Wednesday after the media giant announced earnings that beat estimates, a huge jump in streaming users and vowed to increase annual cost cuts to $7.5 billion, from $5.5 billion. “We are most focused on profitability by the end of fiscal 2024,” Disney Chief Executive Robert Iger told CNBC in an interview after the results were announced. He said Disney expects to grow free cash flow in fiscal 2024 significantly, approachin
  
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• Brett Arends’s ROI: Beware Wall Street’s ‘cash on the sidelines’ myth

  08-11-2023 23:02
  Here we go again.  Wall Street is once again pushing the feel-good theory that there is a giant wave of money just waiting to come into the stock market and drive stock prices higher. MarketWatch’s Barbara Kollmeyer reports the latest sales patter from a big Wall Street honcho fest in Hong Kong. “There’s about $4 trillion of cash, sloshing around, waiting for action,” BlackRock’s head of global client business, Mark Wiedman, is quoted as saying.“I think o
  
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• Earnings Results: AMC swings to Q3 profit, reports positive net income for second straight quarter

  08-11-2023 22:59
  AMC Entertainment Holdings Inc. reported third-quarter results that beat top- and bottom-line expectations Wednesday, as the movie-theater chain and meme-stock darling swung to a profit. The company swung to net income of $12.3 million, or 8 cents a share, compared with a loss of $226.9 million, or $2.20 a share, in the prior year’s quarter. Excluding nonrecurring items, AMC AMC, -1.27%reported a loss of 9 cents a share. Analysts surveyed by FactSet were looking for a loss of 25 cents a sh
  
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• Earnings Results: Arm’s first earnings report since IPO comes with a disappointing forecast

  08-11-2023 22:48
  Arm Holdings PLC reported earnings Wednesday for the first time since returning to the public markets, but its shares were headed lower in the extended session as its December-quarter outlook missed the mark at the midpoint. The chip designer logged a fiscal second-quarter net loss of $110 million, or 11 cents a share, whereas it earned $114 million, or 11 cents a share, in the year-before quarter. On an adjusted basis, Arm ARM, -1.57%recorded 36 cents in earnings per share, compared with the 26
  
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• Earnings Results: Instacart reports a $2 billion loss, but sales that beat expectations

  08-11-2023 22:44
  Grocery-delivery platform Instacart on Wednesday reported a nearly $2 billion loss in its first earnings report since going public, but its sales beat expectations and the company forecast “mid-single-digit” growth in the total value of transactions on its platform.Instacart reported a net loss of $1.99 billion, or $20.86 a share, in the third quarter, driven by what the company said was “significantly elevated” stock-based compensation during its IPO. Revenue rose 14% to
  
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• Market Snapshot: Dow turns lower as stocks waver after longest winning streak in 2 years

  08-11-2023 20:16
  U.S. stocks wavered Wednesday afternoon, after a winning streak that’s pushed the S&P 500 index up more than 6% over seven days.What’s happening The Dow Jones Industrial Average DJIAwas off 55.9 points, or 0.2%, at 34,096 The S&P 500 SPXwas up 2.3 points, or 0.1%, at 4,380. The Nasdaq Composite COMPgained 10.3 points, or 0.1%, to 13,650.On Tuesday, the Dow and S&P 500 booked a seventh straight gain, while the Nasdaq rose for an eighth straight day. The S&P 500 and Nas
  
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• In One Chart: Credit-card, auto-loan ‘stress’ rises as U.S. consumers fall behind on payments

  08-11-2023 20:10
  Consumers are showing some signs of stress even as the unemployment rate — at least for now — remains historically low, according to Renaissance Macro Research. “Credit quality is worsening,” said Neil Dutta, head of economics at RenMac in a note Wednesday. He pointed to a modest deterioration in credit quality for credit cards and auto loans, citing the Federal Bank of New York’s most recent household debt and credit report. The portion of auto-loan balances t
  
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• Bond Report: 10-year Treasury yield extends decline after $40 billion auction

  08-11-2023 20:08
  Long-term Treasury yields extended declines seen from earlier in the day on Wednesday after a 10-year auction went as expected.What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Ywas little changed at 4.915% versus Tuesday’s 3 p.m. Eastern time closing level.The yield on the 10-year Treasury BX:TMUBMUSD10Yslipped 5.6 basis points to 4.514% from 4.570% Tuesday afternoon. The yield on the 30-year Treasury BX:TMUBMUSD30Ydropped 9.1 basis points to 4.643% from 4.734% late Tue
  
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• : Menopause benefits can keep women in the workplace for longer — and save companies millions of dollars

  08-11-2023 20:08
  A growing number of corporations are zeroing in on a new way to boost employee retention and productivity: by providing menopause benefits.  Microsoft Corp. MSFT, +0.44%,Sanofi SNY, +1.12%and the education-technology company Udemy Inc. UDMY, +2.00%have recently introduced menopause benefits for their employees — including cooling stations at the office, counseling on health and mental-health symptoms, and physical therapy for pelvic-floor issues.  In addition to helping women bat
  
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• : Bank of America Chief Brian Moynihan doubles down on environmental goals, saying it’s what customers and the private sector want

  08-11-2023 20:03
  Bank of America Corp. Chief Executive Brian Moynihan doubled down on the bank’s net-zero-emissions efforts despite pushback in the political arena. Moynihan said that the bank is doing what’s right for its company and its customers, and that the effort by banks to address climate change has been drawing strong support from clients.“The private sector is deep into this and driving it,” Moynihan said duringan interview on stage at the Reuters Next conference on Wednesday. B
  
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• In One Chart: The U.S. dollar has peaked — now it gets ‘messy’: SocGen

  08-11-2023 19:58
  The dollar has seen a major peak, topping out a cycle that began in 2011 and setting up a period of “messy” market action as exceptional U.S. economic performance fades, according to a top macro strategist. “The U.S. economy remains exceptional of course, but as it slows and rate differentials with other countries narrow, the dollar is set to fall back. In real effective terms, it remains today as strong as it was at the peak of the Asian crisis over 20 years ago, and in the po
  
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• : Airbnb is betting that greater transparency in listings will boost demand

  08-11-2023 19:50
  Airbnb Inc. is making a bet that it can attract more guests to its platform if it offers better information about how other travelers responded to a home they booked. The vacation-home-rental platform, which recently said it was seeing volatility in fourth-quarter bookings, is revamping its ratings and reviews with a redesigned page and new features aimed at helping guests fully understand the quality of each room in a home. The idea is to avert the situation when a guest is shocked that a home
  
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• The Ratings Game: Rivian’s ‘daunting’ production ramp keeps investors cautious

  08-11-2023 19:22
  Investors seemed unimpressed by Rivian Automotive Inc.’s better-than-expected quarter, and looked ahead at the EV maker’s planned downtime and continued cash burnto fret anew. Rivian RIVN, -3.07%late Tuesday reported a narrower third-quarter loss. It also upped its production guidance for the year and said it ended its exclusivity deal with Amazon.com Inc. AMZN, -0.46%for its electric last-mile delivery vans, adding that it was talking with other companies about the vehicles.None of
  
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• : Eli Lilly gets FDA approval for new obesity drug

  08-11-2023 19:22
  The U.S. Food and Drug Administration on Wednesday approved Eli Lilly & Co.’s LLY, +2.81%obesity drug Zepbound, which in clinical trials helped patients lose up to 48 pounds on average.The drug was approved for adults with obesity or overweight and at least one weight-related condition, such as high blood pressure or high cholesterol, the FDA said. The list price for the drug will be about $1,060, Lilly said in a release Wednesday. Tirzepatide, the active ingredient in Zepbound, is alr
  
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• Front Office Sports: Peacock, Comcast are using sports to turn a corner in the streaming battle

  08-11-2023 19:18
  Peacock and parent company Comcast are beginning to turn a critical corner in the quickly escalating streaming battle — with sports standing as a key factor. NBC’s streaming service posted a 64% increase in revenue to $830 million for its third quarter, added 4 million subscribers to hit a new total of 28 million, and narrowed the adjusted quarterly loss to $565 million. That adjusted loss is down from a comparable loss of $651 million in the second quarter and $614 million in last y
  
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• : 3 simple rules for collecting baseball cards, from one of the nicest guys The Hobby has ever known

  08-11-2023 17:27
  In times of mourning, Ben Aguirre turned to baseball cards. “It is times like these that remind me of the purpose this hobby serves in my life,” he wrote on his card-collecting blog, Cardboard Icons, after the deaths of two friends in 2022.“Collecting has been [a] huge part of my journey — it’s been there through good and bad. It serves as a means of celebration, as well as a distraction during times of pain. We have to give ourselves permission in these times of gr
  
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• The Fed: Cleveland Fed’s Mester to retire next June

  08-11-2023 17:26
  Loretta Mester will step down as the president of the Cleveland Federal Reserve in June 2024, the regional Fed bank announced Wednesday. In a statement, the Cleveland Fed said its board of directors will undertake a nationwide search for a new leader.Mesterwas considered a policy hawk by Fed watchers, which is short-hand for officials who think the Fed’s mandate from Congress for stable prices can, at times, outweigh concerns with job growth.“She was one of the hardline anti-inflatio
  
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• Economic Report: Businesses take stock of the U.S. economy and see reason to be cautious

  08-11-2023 17:16
  The level of inventories, or unsold goods, that U.S. wholesalers are keeping on hand fell in September to a 13-month low amid uncertainty about whether the economy can maintain its recent momentum. The so-called inventory-to-sales ratio slid to 1.33 in September from 1.36 in the prior month. The ratio measures how many months it takes to sell all the unsold goods sitting in warehouses across the country.Companies have scaled back production and have been more cautious about getting stuck with un
  
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• : Americans’ support for legalizing cannabis edges up to 70% and Ohio voters OK pot referendum, as cannabis stocks rise

  08-11-2023 17:12
  Cannabis stocks rose Wednesday, after Ohio voters approved a referendum to legalize cannabis for adult recreational use and a national poll showed increased support for cannabis legalization. A record 70% of Americans think cannabis use should be legal, after the level remained steady at 68% for three years, according to Gallup polling data released Wednesday. The AdvisorShares Pure U.S. Cannabis ETF MSOSrose by nearly 7%, with a lift of 7.2% from Trulieve Cannabis Corp. TCNNF, +1.68%,a 2% rise
  
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• Market Snapshot: Dow struggles for direction as stocks attempt to build on longest winning streak in 2 years

  08-11-2023 17:05
  U.S. stocks were trading near unchanged Wednesday, looking for direction amid a rally that’s pushed the S&P 500 index up more than 6% over seven days.What’s happening The Dow Jones Industrial Average DJIAwas off 3 points, or less than 0.1%, at 34,150. The S&P 500 SPXwas virtually flat at 4,377. The Nasdaq Composite COMPwas off 19 points, or 0.1%, at 13,622.On Tuesday, the Dow and S&P 500 booked a seventh straight gain, while the Nasdaq rose for an eighth straight day. The
  
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• Deep Dive: Three value stock picks from a veteran manager with a good performance record

  08-11-2023 17:03
  For many years through 2022, it was becoming more difficult for active fund managers to make the case for their services, when broad index funds, with lower fees, were performing so well. But the tech-driven market decline for 2022 might have made some investors think again about different investment styles for the long term.One approach that has performed well over the years has been that of the BNY Mellon Dynamic Value Fund DAGVX, which is co-managed by Brian C. Ferguson (the lead manager sinc
  
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• Earnings Results: Under Armour posts better-than-expected earnings, but no longer expects revenue to grow this year

  08-11-2023 16:57
  Under Armour Inc.’s stock rose 5% Wednesday after the Baltimore-based sporting goods and footwear maker posted better-than-expected earnings for its fiscal second quarter, offsetting the lowering of its full-year revenue guidance. The company UA, +4.25%posted net income of $109.6 million, or 24 cents a share, for the quarter to Sept. 30, up from $86.9 million, or 19 cents a share, in the same period a year earlier. Revenue fell to $1.567 billion from $1.574 billion a year ago. The FactSet
  
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• : AMC earnings: What to expect from the movie-theater chain and meme-stock darling

  08-11-2023 16:51
  AMC Entertainment Holdings Inc. reports third-quarter results after the market close Wednesday with summer blockbuster movies “Barbie” and “Oppenheimer” expected to feature prominently for the cinema chain and meme-stock darling. Last week, AMC’s stock AMC, -1.80%climbed after rival Cinemark Holdings Inc.’s CNK, -0.88%  third-quarter top- and bottom-line beat, boosted by the hit movies, which sparked a cultural phenomenon dubbed “Barbenheimer.&rdquo
  
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• Washington Watch: Election takeaways: Biden ‘didn’t stop Democrats from winning,’ while Youngkin was hit with ‘a stunning repudiation’

  08-11-2023 16:43
  As analysts assess the results of Tuesday’s off-year elections in some states, they’re concluding that the outcomes were disappointing for Republicans — and for one prominent GOP figure in particular, Virginia Gov. Glenn Youngkin. Youngkin had been saying he wouldn’t hit the presidential campaign trail this year because of the elections for his state’s legislature, but he appeared to leave the door open for a 2024 White House run.A late entry by the Republican gover
  
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• The Big Move: My tenants want to buy my $620,000 property. Can they pay me for 10 years, at 7% interest, instead of taking on a mortgage? 

  08-11-2023 16:40
  Dear Big Move,I own a home in Colorado where I always planned on retiring, but now I am not moving back. I bought it for $200,000 and it was, at the height of the market, estimated at $620,000. It has been a rental since 2004 when I was deployed, then transferred. The couple renting it are interested in buying, given that prices are falling. Could I be the lender? How would that work? Also, would my capital-gains taxes on the sale be based on the entire sale price? And how would a mortgage
  
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• Economic calendar for the week 13.11.2023 – 19.11.2023

  08-11-2023 14:15 via litefinance.org
  
  After having stopped the downward correction at the beginning of last week, the dollar has been gradually regaining lost ground and generally maintaining positive dynamics. After the Fed meeting, which ended on November 1, the focus of market participants was on statistics from the American labor market and data on business activity. Although they turned out to be weaker than the forecast and previous values, they still continue to indicate the stability of the American economy.The dollar is als
  
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• Market inspired by Fed. S&P 500 forecast as of 08.11.2023

  08-11-2023 11:23 via litefinance.org
  
  The broad stock index posted a rally as US Treasury yields fell. History shows that the completion of the Fed's monetary tightening cycle leads to growth in the S&P 500. Let's talk about this topic and draw up a trading plan.Weekly S&P 500 fundamental forecastIt was the best week of the year and the longest rally in two years. The S&P 500 had a real holiday amid falling US Treasury yields due to Treasury cuts, hints from the Federal Reserve that it would end monetary tightening, and
  
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• The Moneyist: ‘I cook and clean’: I live with my boyfriend. We’re both 51. I pay for all utilities and groceries. Now he wants me to pay half his mortgage.

  08-11-2023 11:02
  Dear Quentin,I have been in a relationship with this man for five years. I moved into his home a year ago. The plan was for me to pay all the utilities, dog expenses, and groceries. I cook and clean, and take care of things around the house and now he is asking me to pay half his mortgage. He does not want to marry me — nor put me on the deed to his home. I don’t think it is right that I help him pay half of his mortgage. What do I get out of this? We are both 51 years of age. I
  
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• Kelley Blue Book: The 2024 Toyota GR Supra review: An enthusiast’s machine with plenty of muscle, speed and agility

  08-11-2023 11:02
  Pros Great to drive BMW platform Superb build quality Cons No Android Auto Cabin can be noisy What’s new? 45th Anniversary Edition variantThe 2024 Toyota GR Supra coupe is made for the joy of driving, with great engines and a superb chassis. Pricing starts at $45,540. In a 180-degree departure from Toyota’s TM, -0.04%typical output of family-friendly SUVs and fuel-sipping hybrids, the GR Supra takes elements from BMW to become a true driver’s machine. This is one half of a coll
  
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• NerdWallet: An IUL for retirement? The pros and cons of indexed universal life insurance compared to a 401(k).

  08-11-2023 11:01
  This article is reprinted by permission from NerdWallet. For many, the 401(k) plan is the default standard for retirement planning. According to the Bureau of Labor Statistics, 52% of private sector employees with access to an employer-sponsored retirement plan chose to participate in 2022. But lately, creators on social media are pushing something else entirely: indexed universal life insurance, or IUL.“A lot of people are thinking about creative ways to save for retirement,&rdq
  
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• Next Avenue: Retirement communities are going solar, and it’s attracting residents

  08-11-2023 11:00
  This article is reprinted by permission from NextAvenue.org. As humanity finishes up year eight of the eight-warmest years on record, it makes more sense than ever for people to make the most of energy from the sun. Indeed, Sunbelt retirement metropolises from Arizona to Florida have become unbearably hot, so it makes sense that more of them are not only tapping solar power, but also storing it and reducing carbon emissions from burning fossil fuels for energy.Of the solar communi
  
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• Market Snapshot: S&P 500 futures edge lower after seven-day winning streak, best in two years

  08-11-2023 10:53
  U.S. equity futures edged lower early Wednesday as traders took stock following the longest winning run in two years.How are stock-index futures trading S&P 500 futures ES00, -0.03%dipped 5 points, or 0.1%, to 4391 Dow Jones Industrial Average futures YM00, +0.02%fell 19 points, or 0.1%, to 34196 Nasdaq 100 futures NQ00, -0.05%eased 30 points, or 0.2%, to 15344On Tuesday, the Dow Jones Industrial Average DJIArose 57 points, or 0.17%, to 34153, the S&P 500 SPXincreased 12 points, or 0.28%
  
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• Bullish and Bearish Divergence

  08-11-2023 10:31 via litefinance.org
  
  Divergence is a favorite signal among many traders. It occurs infrequently but allows market participants to determine entry and exit points, knowing when the price direction will change. Divergence is a universal signal that is determined by various indicators. Due to this, to trade bullish or bearish divergences, you do not need to radically change your trading strategy.The article discusses divergence and its types in detail. You will also learn ways to identify divergences on price charts us
  
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• Europe Markets: Warning on U.S. commercial real estate drags German bank shares lower

  08-11-2023 10:22
  Shares of a German lender fell as much as 14% after a profit warning due to the struggling commercial real estate market in the U.S. Deutsche Pfandbriefbank shares PBB, -12.11%slumped as the German lender late on Tuesday said it would increase its risk provisions due to “persistent weakness in the commercial real estate market.” It now sees pretax profits for the year between €90 million ($96 million) and €110 million, versus its guidance at the beginning of the year for a
  
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• USD acts rationally. Forecast as of 08.11.2023

  08-11-2023 08:27 via litefinance.org
  
  The higher the expectations for a dovish Fed reversal, the weaker financial conditions. The more likely it is that rates will rise and the FOMC will turn hawkish. Let's discuss this topic and make up a trading plan for EURUSD.Weekly US dollar fundamental forecastA week ago, the Fed was scared by tightening financial conditions due to the rapid rally in Treasury yields. However, US central bank officials are now afraid of the reverse process. A sharp drop in rates on the debt market and the
  
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• Short-term analysis for oil, gold, and EURUSD for 08.11.2023

  08-11-2023 07:22 via litefinance.org
  
  I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.The EURSUD is being corrected down. Oil price forecast for today: USCrude analysisThe oil price continues falling. The price reached the Gold Zone 76.41 - 76.08. The oil traders will try to break out the GZ. If the indicated zone is broken, the next
  
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• Short-term forecast for BTCUSD, XRPUSD and ETHUSD 08.11.2023

  08-11-2023 06:16 via litefinance.org
  
  I welcome my readers!I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.Elliott wave Bitcoin analysisBullish impulse wave [A] continues developing as a standard impulse (1)-(2)-(3)-(4)-(5). Corrective wave (4) is currently unfolding within this impulse as a contracting triangle. Soon, the price will rise within the corrective wave D to the level of 36000.00. An approximate tr
  
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• MarketWatch First Take: Rivian and Lucid earnings show EV makers going in different directions

  08-11-2023 04:53
  Contrasting results and forecasts from electric-vehicle makers on Tuesday showed that Rivian Automotive Inc. has a more tangible business model than Lucid Group Inc. Overall, Rivian RIVN, +1.40%showed it was focused on cost-cutting efforts during its call with analysts to discuss its third quarter, as executives described a big technology upgrade at its factories that will cut manufacturing costs going forward. Rivian also raised the bar after its earnings, with higher vehicle projections for th
  
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• Dow Jones Newswires: BOJ may tweak monetary easing before real wages turn positive

  08-11-2023 04:16
  By Megumi Fujikawa Bank of Japan Gov. Kazuo Ueda said Wednesday that the bank could consider unwinding its monetary easing before the pace of wage growth exceeds that of inflation. The central bank could tweak its yield curve control or negative interest rates before inflation-adjusted wages turn positive, Ueda said in Parliament on Wednesday. Before making such a decision, the bank needs to be confident “with sufficient certainty” that the virtuous cycle of wages and prices are work
  
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• : Virgin Galactic to cut staff to focus on lower-cost Delta spacecraft

  08-11-2023 01:55
  Commercial space-flight operator Virgin Galactic Holdings Inc. on Tuesday said it would cut staff in an effort to focus on developing its new class of Delta spacecraft that are expected to cost less and bring more profit.Management, in an email to employees, did not offer specific figures on the cuts, while citing a shaky investing environment as part of the reason for them. The message said the company would offer more details during its third-quarter earnings call on Wednesday. Virgin Galactic
  
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• : Nintendo is making a live-action ‘Legend of Zelda’ film, on heels of hit ‘Super Mario Bros. Movie’

  08-11-2023 01:40
  Following the smashing success of the animated “The Super Mario Bros. Movie” earlier this year, Nintendo Co. Ltd. plans to bring another of its iconic videogame characters to movie screens. The Japanese videogame maker announced Tuesday it plans to make a live-action version of “The Legend of Zelda” in conjunction with Sony SONY, +1.23%Pictures Entertainment. Nintendo 7974, +5.78%said it will finance more than 50% of the movie.“Zelda” creator Shigeru Miyamoto
  
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• The Moneyist: My husband, 76, and my daughter, 26, don’t get along. How do I make sure he doesn’t disinherit her if I die first?

  08-11-2023 00:42
  Dear Quentin,My husband and I just created a trust with the help of an attorney. I’m 68 years old and he’s 76, and we’re both in good health. I have a married, 26-year-old daughter. My partner has no kids. He and my daughter do not get along and, thus far, neither one has been able to repair the relationship.He reluctantly said he will leave almost everything to her if I die. We are building a house on the beach, and I own the house that my daughter wants. I put it in a revocab
  
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• The Margin: Fluorescent paint, UV light at Bored Ape NFT event examined as cause of attendees’ eye pain

  08-11-2023 00:30
  At least 15 guests who attended a Bored Ape NFT event have reported suffering pain and burning in their eyes, which some of them are blaming on the fest’s bright lighting.  Yuga Labs, the blockchain company that hosted the “ApeFest” event in Hong Kong, confirmed that several guests have complained of eye discomfort and vision problems following the celebration of the Bored Ape Yacht Club’s non-fungible tokens collection (aka NFTs) over the weekend. “We sug
  
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• The Margin: New York Mets owner Steve Cohen proposes $8 billion complex next to Citi Field

  08-11-2023 00:24
  New York Mets owner Steve Cohen wants his baseball team to have new neighbors.On Tuesday, Cohen released plans to build an $8 billion entertainment complex on 50 acres surrounding Citi Field, home of the New York Mets. The plans call for a music venue, casino and hotels. The new venue, to be called Metropolitan Park, would replace Citi Field’s parking lots with restaurants, a sportsbook, athletic fields and a tailgate area. The development would also include renovations to the surrounding
  
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• Earnings Results: Sleep Number’s stock falls 25% as company saw demand change ‘abruptly’

  08-11-2023 00:04
  Shares of Sleep Number Corp. tanked 25% in the after-hours session Tuesday after the mattress maker and retailer swung to a surprise quarterly loss, predicted a loss for the full year and said it reached an agreement with a shareholder that had been pushing for change. It was a “challenging” quarter for Sleep Number SNBR, -1.41%and the bedding industry, Chief Executive Shelly Ibach said. “The consumer demand trajectory changed abruptly midway through the quarter,” Ibach s
  
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• Earnings Results: Rivian raises production guidance for the year, ends exclusivity deal with Amazon for its vans

  08-11-2023 00:02
  Rivian Automotive Inc. late Tuesday posted a narrower quarterly loss and surprised Wall Street by raising its production guidance for the year and ending its exclusivity deal with Amazon.com Inc. for its delivery vans. In a call with analysts following results, Rivian RIVN, +1.40%executives also pushed back against fears of slower demand for EVs. In recent weeks, carmakers such as Ford Motor Co. F, -1.36%and General Motors Co. GM, -2.40%announced pauses or slowdowns in their EV investments. Rivi
  
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