Investments and Business

Here are some stocks that saw significant moves in after-hours trading: Dexcom Dexcom shares jumped after their quarterly earnings report beat Wall Street expectations. The company, known for its continuous glucose monitoring systems, reported stronger-than-expected revenue growth, fueling investor optimism and sending the stock up 7%. Lane Online learning platform Coursera saw its shares rise 5% after reporting better-than-expected revenue and user growth. The company cited increased enrollment and partnerships with educational institutions as key factors contributing to its positive performance. Deckers outdoors Deckers Outdoor, the parent company of popular brands like UGG and Teva, has seen its stock price…

Coinbase’s UK subsidiary has been fined £3.5 million ($4.5 million) by British regulators for breaching an agreement aimed at preventing the cryptocurrency exchange from taking on high-risk customers. The Financial Conduct Authority (FCA) has imposed the fine on CB Payments Limited (CBPL), a subsidiary of Coinbase Group, which operates a global cryptocurrency trading platform. The fine comes after CBPL breached a voluntary agreement it entered into in October 2020 to avoid taking on and offering services to high-risk clients. The FCA reported that CBPL served 13,416 high-risk customers despite the settlement, with 31% of those customers depositing approximately $24.9 million.…

The Open Championship is a grueling test of physical and mental endurance. While players battle the elements and unforgiving links golf courses, the real battlefield is in the mind. Success at The Open requires a unique psychological approach. It’s not just about patience and commitment; it’s about mastering the mental game in the face of adversity. Dr. Morris Pickens, a renowned sports psychologist, offers valuable insights into the mindset required to thrive in this challenging environment. One of the most critical aspects is accepting the uncontrollable. The unpredictable conditions of the Open mean that players will inevitably encounter “good-bad” shots,…

NEW YORK — AMC Entertainment on Wednesday warned investors of significant declines in key second-quarter financial metrics that led to a more than 7% drop in its stock price. The company attributed the decline to the actors' and screenwriters' strikes of the previous year, which led to fewer film releases and the resulting "weakness" in the quarter ended June 30. Preliminary results show AMC’s revenue fell more than 23% to $1.03 billion. The company also expects to report a net loss of $32.8 million, a stark contrast to the $8.6 million profit it reported in the second quarter of 2023.…

DETROIT — Ford Motor Company fell significantly short of Wall Street expectations for second-quarter earnings, despite beating revenue forecasts, as long-running warranty issues plague the automaker. Here's how the company performed against analyst estimates reviewed by LSEG: Earnings per share: 47 cents adjusted vs. 68 cents adjusted expected Automotive revenue: $44.81 billion vs. $44.02 billion forecast Ford shares are up about 15% this year as prices in the auto sector have remained more resilient than expected. However, as the industry-wide shift to electric vehicles proceeds more slowly than expected, the automaker has adjusted its production plans, focusing less on fully…

PHILADELPHIA — Tyrese Maxey was patient. Despite the uncertainty, he waited, and now the Philadelphia 76ers have rewarded him handsomely. A year ago, the 76ers asked Maxey to delay signing a contract extension, promising that it would be worth it. At the time, Maxey was not yet an All-Star and had not scored 50 points in a game. The delay allowed the team to effectively manage the salary cap, entering free agency with about $65 million to spend. This strategic move paid off when the 76ers acquired Paul George from the Los Angeles Clippers on a four-year, $212 million deal.…

Wall Street’s most reliable recession indicator started signaling trouble in 2022 and hasn’t stopped since, but so far it has proven wrong every time. The yield on 10-year Treasuries has been lower than that of many shorter-term bonds, a scenario known as an inverted yield curve, which has historically preceded nearly every recession since the 1950s. Traditionally, an inverted yield curve suggests a recession within a year or two. However, not only has a recession not occurred, but U.S. economic growth remains stable. This has led many on Wall Street to wonder why this once-reliable indicator has proven wrong this…

An international team of researchers has made a groundbreaking discovery: oxygen can be generated in total darkness, about 4,000 meters below the ocean surface. This surprising discovery was published in the journal Nature Geosciences Monday and challenges long-held beliefs about the origins of oxygen on Earth. The discovery focuses on potato-shaped metallic nodules found deep in the Pacific Ocean. These nodules, found at depths of about 13,100 feet, have been shown to produce oxygen through a process that does not require sunlight, overturning the traditional understanding that photosynthesis by plants and algae is the primary source of oxygen on our…

Several stocks have seen significant price movements after the market close. Below is a summary of the most significant movers in after-hours trading. Cleveland Cliffs (CLF) Cleveland-Cliffs saw a substantial increase in its stock price after reporting better-than-expected quarterly earnings. The company's strong performance was driven by higher steel prices and increased demand from the auto sector. Investors reacted positively to the news, sending the stock up more than 5%. Nucor (NUE) Nucor shares also rose in extended trading, buoyed by a solid earnings report that highlighted strong demand in its core markets. The steelmaker’s results beat Wall Street estimates,…

The MLB trade deadline is rapidly approaching, and the pressure is mounting for some front offices. With the All-Star break behind them, teams are scrambling to bolster their rosters for a playoff push. While some organizations face pivotal decisions that could define their seasons, others are in a more comfortable position. The White Sox, mired in a disastrous campaign, are at the center of trade rumors. General manager Chris Getz has signaled a rebuild of the entire franchise, placing every player on the block, including star player Luis Robert Jr. The proceeds from these potential deals could significantly impact Getz's…