Costco shares fell in afterhours trading after the company saw total revenue fall slightly shy of Wall Street estimates while e-commerce sales tumbled 9.6%.
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MTV Is Shutting Down News Division as Paramount Struggles
MTV, a division of Paramount, is planning to shut down its news division and lay off 25 percent of its workforce. The company cited "broader economic headwinds" as the reason for the shuttering. The decision comes as Paramount makes cuts to better compete with rival entertainment giants.
Stock Market Today: Wall Street Edges Higher After Inflation Report
Wall Street closed slightly higher after a report showed inflation is making strides toward easing, even if it remains too high.
US Prices Stay High, Showing Inflation Pressures Persist
Consumer prices in the United States rose again in April, and measures of underlying inflation stayed high, suggesting that rising costs could persist for months to come.
Fox Corp. Dinged by Dominion Settlement in Third Quarter
Fox Corp. swung to a third quarter loss, weighed down by Fox News' nearly $800 million settlement with Dominion Voting Systems.
Goldman Settles Gender Discrimination Suit for $215 Million
Goldman Sachs will pay $215 million to settle a years-long class action lawsuit that claimed the bank discriminated against women when it came to pay, performance evaluations and promotions.
Morning Alexa Flash Briefings of May 10th
Morning Alexa Flash Briefings
