Elon Musk Sells Nearly $7 Billion Worth of Tesla Stock Amid Twitter Uncertainty

The billionaire suggested the stock sales were aimed at avoiding a fire sale if forced to buy the social-media company.

 
Chip Makers Expect Demand Slowdown to Expand Beyond PCs, Smartphones

The White House committed to long-term U.S. chip expansion as companies are dialing down their near-term spending.

 
Micron Warns of Weakening Demand, Lower Sales

The company said in a regulatory filing that expectations for industry bit-demand growth for dynamic random-access memory chips and NAND flash memory chips have softened since it last provided guidance.

 
Coinbase Posts Steep Second-Quarter Loss Amid Crypto Meltdown

The largest U.S. crypto exchange posted its second consecutive quarter of losses, hurt by sharp loss in trading fees.

 
Walmart Explores Adding Streaming Video to Walmart+ Membership Program

The retailer has held talks with Disney, Comcast and Paramount about adding one of their services as a perk.

 
BuzzFeed Expects Recession Fears to Pressure Advertising

The digital media company posts 20% rise in revenue, boosted by sponsored-content growth.

 
Ahold Delhaize Postpones Bol.com IPO

Ahold Delhaize has temporarily pulled plans to list its Bol.com unit, blaming current market conditions, as the grocer posted a 12% rise in second-quarter net profit and lifted its guidance.

 
TUI Forecasts Full-Year Profit as Bookings Rebound

TUI reported a much narrower operating loss of EUR27 million in the third quarter and said it expects to be profitable for the fiscal year, with summer bookings seen close to pre-pandemic levels.

 
E.ON Confirms Outlook Despite Lower Earnings

E.ON reported a drop in second-quarter adjusted earnings to EUR1.3 billion, despite a jump in sales, and backed its guidance for the full year and reaffirmed its targets through 2026.

 
ABN AMRO Profit Tops Market Views

UPDATED: ABN AMRO posted an above-forecast net profit for the second quarter and said net interest income, which fell in the quarter, should end the year ahead of expectations.

(END) Dow Jones Newswires

August 10, 2022 03:15 ET (07:15 GMT)

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