Workday Stock Moves Lower on Revenue Growth Outlook
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28Sep
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28Sep
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28Sep
MU, KMX, GME and more
A CarMax dealership on April 11, 2023 in Santa Rosa, California.Justin Sullivan | Getty ImagesCheck out the companies making headlines before the bell.Micron — The chipmaker's shares fell 3.4% Thursday before the bell on the back of a weaker-than-expected earnings forecast. Micron estimates a fiscal first-quarter loss of $1.07...
28Sep
Delta CEO says carrier went ‘too far’ in SkyMiles changes, promises modifications after frequent flyer backlash
Delta Air Lines Boeing 717-200 airplane as seen on the final approach landing at New York JFK John F. Kennedy International Airport, NYC, USA.NurPhoto / ContributorDelta Air Lines CEO Ed Bastian said the airline will make "modifications" in the next few weeks to its loyalty program after a recently...
28Sep
Farther closes Series B founding round to gain $131M valuation
A Series B funding round has raised $31 million for Farther, as backers including Lightspeed Venture Partners joined existing investors to more than double its valuation to $131 million. For Taylor Matthews and Brad Genser, founders of the wealth management firm which combines expert advisors with cutting-edge technology, the total...
28Sep
Workers fear they may not save the $1M they need for comfortable retirement
Saving for retirement is proving challenging for many American workers who are concerned that they are behind schedule. For more than one third of respondents to a Bankrate.com survey the target is to save at least $1 million for their retirement (13% say $1-2 million), but even for those aiming...
28Sep
GameStop names Ryan Cohen as CEO effective immediately
GameStop Chairman Ryan Cohen.Source: CNBCGameStop said Thursday morning that billionaire activist investor Ryan Cohen would take over as the video game retailer's chief executive.Shares of the company jumped nearly 10% in premarket trading following the announcement. GameStop was part of the meme stock craze of 2020 and 2021.GameStop said...
28Sep
SEC agrees Wall Street WhatsApp settlement says Reuters
The Securities and Exchange Commission is finalizing settlements with about two dozen Wall Street firms to resolve probes into lapses in record keeping, Reuters reported. The settlements are with investment advisers and broker-dealers, according to the report, which cited people familiar with the matter. It marks the latest enforcement action in...
28Sep
Corporate bonds swing into loss amid hawkish Fed
U.S. investment-grade bonds have swung to a loss for the year as the Federal Reserve’s determination to raise interest rates to counter inflation spreads pain across debt markets. The Bloomberg US Corporate Bond Index dropped 0.4% Wednesday, sending it into the red for the year after being up as much as 5%...
28Sep
Franklin Templeton expects more debt defaults from junk firms
More junk-rated companies are likely to default on their debt as the U.S. economy slows, according to Franklin Templeton, which is waiting for wider spreads before buying the bonds. The $1.4 trillion asset manager, which is currently underweight U.S. high yield, may add exposure if spreads start to price...