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Earnings

Novo Nordisk shares tumble 18% as CEO warns it will get worse before it gets better

Just as Novo Nordisk showed signs of a recovery, another cold shower hit investors as the drugmaker surprise pre-released its

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Economy

Jobless claims tumble to 218,000, well below estimate despite fears of labor market weakness

Initial claims for unemployment insurance were well below expectations last week, helping to douse caution at the Federal Reserve and

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Earnings

Target shares tumble as retailer picks new CEO, says sales fell again

Target beat Wall Street’s earnings and sales expectations and reaffirmed its outlook on Wednesday, even as the company’s sales and

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Earnings

Coinbase shares tumble as second-quarter revenue disappoints

Coinbase shares fell Thursday as second-quarter revenue came in shy of analysts’ estimates. Gains in the cryptocurrency exchange’s subscription revenue

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Earnings

Lululemon shares tumble 20% as it cuts full-year earnings guidance, citing ‘dynamic

Lululemon beat Wall Street expectations for fiscal first-quarter earnings Thursday, but cut its full-year earnings guidance, citing a “dynamic macroenvironment.”

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Earnings

FedEx shares tumble 12% after weaker demand hit revenue outlook

A FedEx plane lands at Shanghai Pudong International Airport in Shanghai on April 27, 2023. Vcg | Visual China Group

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