Twitter laid off a large portion of its contract workforce over the weekend, according to multiple reports. Platformer’s Casey Newton first reported the layoffs Saturday, and said Sunday that about Read more
Tag: slashes
AMC stock sinks to pre-‘meme stock’ levels as B. Riley slashes price target by 32%
Shares of AMC Entertainment Holdings Inc. extended their selloff toward a 17-month low on Wednesday, after B. Riley analyst Eric Wold slashed his price target on the belief the post-pandemic Read more
OPEC slashes forecasts for oil-demand growth in 2022, 2023
The Organization of the Petroleum Exporting Countries on Wednesday cut its estimate for growth in global demand of oil, citing an increasingly uncertain outlook for the world economy. The updated Read more
AMD slashes $1 billion from quarterly revenue forecast; stock falls after hours
AMD slashes $1 billion from quarterly revenue forecast; stock falls after hours
Analyst slashes revenue outlook for Trulieve, Curaleaf, Canopy, Cronos as cannabis business takes a hit
Jefferies analyst Owen Bennett trimmed revenue expectations for four major cannabis names from the U.S. and Canada, but kept his ratings intact on the heels of quarterly updates from Curaleaf Read more
Goldman slashes gold and silver forecasts as traders wait for CPI data
Gold prices fell on Wednesday ahead of crucial consumer price inflation data, while investment bank Goldman Sachs slashed its forecasts for the precious metal, along with silver, citing increased focus Read more
Novavax slashes sales guidance in half, stock plunges 34%
Novavax Inc. executives slashed their annual sales guidance in half Monday while wildly missing financial expectations, sending shares down more than 30% in after-hours trading. Novavax NVAX, -31.04% now projects Read more
Novavax slashes sales guidance in half, stock plunges 30%
Novavax Inc. executives slashed their annual sales guidance in half Monday while wildly missing financial expectations, sending shares down more than 30% in after-hours trading. Novavax NVAX, -5.01% now projects Read more
Whirlpool slashes annual guidance, seeing demand slowdown
Appliances maker Whirpool Corp. late Monday reported mixed second-quarter earnings and slashed its guidance for the year, saying the results came amid a “challenging environment” with rising costs and a Read more
Boston Beer slashes earnings forecast as the downfall of hard seltzer continues
Boston Beer Inc. executives slashed their annual earnings forecast Thursday, admitting that demand for hard seltzer continued to fizzle below their expectations. Boston Beer SAM, +0.39% reported second-quarter earnings lower Read more
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