Coinbase, Roblox, Wendy’s and more

Check out the companies making headlines in midday trading. Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped. Chesnot | Getty Images Coinbase – Shares of the crypto services operator jumped about 6% despite the company reporting a wider-than-expected loss late Tuesday and a decline in volumes … Read more

Wendy’s, Coinbase, Buzzfeed and more

Check out the companies making headlines before the bell: Wendy’s (WEN) – Wendy’s shares fell 1% in premarket trading following a mixed quarter, which saw the restaurant chain report better-than-expected earnings while revenue fell short of Street forecasts. US same-restaurant sales rose 2.3%, less than analysts had estimated, as consumers spent more cautiously. Coinbase (COIN) … Read more

Vox Media cuts staff, slows down hiring as recession fears grow

Jim Bankoff, chairman and chief executive officer of Vox Media Inc. David Paul Morris | Bloomberg | Getty Images Just a month ago, media executives expressed optimism that their companies were well positioned for an economic slowdown. Vox Media may have injected a dose of reality to the industry Wednesday. The privately held digital media … Read more

Media executives say they can weather a recession

Delegates wait in line at Cannes Lions International Festival of Creativity, Cannes, France, June 2019 Cannes Lions While media executives are meeting with advertising leaders this week over glasses of rose at the annual Cannes Lions International Festival of Creativity, they can not help but talk about the disconnect between hanging out with celebrities on … Read more

Target, Kohl’s, Peloton and more

FILE PHOTO: Shoppers exit a Target store during Black Friday sales in Brooklyn, New York, US, November 26, 2021. Brendan Mcdermid | Reuters Check out the companies making headlines in midday trading. Target – Shares of the retailer fell more than 4% after the company said it will take a short-term hit to profits as … Read more

Target, J.M Smucker and more

Take a look at some of the biggest movers in the premarket: Target (TGT) – Target announced a series of moves to “right-size” its inventory levels, including additional markdowns and canceling orders. It cut its operating margin guidance for the current quarter to 2% from the prior 5.3% but said the margin would recover to … Read more

‘Abbott Elementary’ star Quinta Brunson shared how a ‘self-worth journey’ put her on path for success

Quinta Brunson reached a new height of success when her new ABC sitcom, “Abbott Elementary,” broke records for the network. But before that, she was a viral internet meme and YouTube personality. Speaking to Essence magazine, Brunson, 31, shared that ever since she was a child, she’d always been the performer of her family. “They … Read more

BuzzFeed investors have pushed CEO Jonah Peretti to shut down newsroom

BuzzFeed founder and CEO Jonah Peretti Manuel Blondeau | AOP.Press/Corbis | Getty Images BuzzFeed is shrinking its money-losing news organization, the company announced Tuesday, amid what people familiar with the matter describe as broader investor concern that the division is weighing down the company. Several large shareholders have urged BuzzFeed CEO Jonah Peretti to shut … Read more

BuzzFeed says people are spending less time on Facebook

The Facebook and Instagram logos displayed on a smartphone with the Meta Platforms logo pictured in the background. Igor Golovniov | SOPA Images | LightRocket | Getty Images BuzzFeed’s earnings call Tuesday morning pointed to a continuing theme in tech: consumers are moving away from Meta’s Facebook. “At this point in the quarter, we continue … Read more

Stock futures inch higher after Powell says bigger hikes possible

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 21, 2022. Brendan McDermid | Reuters Stock futures inched higher in overnight trading after Federal Reserve Chair Jerome Powell said the central bank is open to higher rate hikes to combat rising inflation. Futures on the Dow Jones … Read more