The wearable tech maker posted lower than expected sales for the holiday quarter, sending shares to an all-time low.
Meanwhile, Comcast shares are falling after the company made a $31 billion bid for UK broadcaster Sky.
And in other media merger news, Discovery got approval for its acquisition of Scripps, and Qualcomm introduced its latest chip meant for 5G technology.
The Court of Appeals for the Federal Circuit on Thursday allowed the president to temporarily continue collecting the tariffs under the emergency powers law while he appeals the trade court’s decision.
Macy’s sales and profit slipped in its first quarter and the department store, citing more cautious customers and the impact that a trade war launched by the U.S., trimmed its profit forecast for 2025.
