Microsoft, Spotify fall; Visa, Wingstop rise

Oct 26, 2022, 1:20 PM | Updated: 1:37 pm

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:

Alphabet Inc., down $9.55 to $94.93.

Google’s parent company reported disappointing third-quarter financial results as advertising sales weakened.

Microsoft Corp., down $19.34 to $231.32.

The software maker reported disappointing growth in its cloud computing division and warned investors inflation continues to hurt business.

Texas Instruments Inc., down $4.29 to $157.87.

The chipmaker gave investors a discouraging forecast for the current quarter.

Spotify Technology SA, down $12.63 to $84.42.

The music-streaming service’s third-quarter loss was worse than Wall Street expected.

Bed Bath & Beyond Inc., down 29 cents to $5.

The home goods retailer named Sue Gove as its CEO, after she served on an interim basis since June.

Norfolk Southern Corp., up $6.35 to $222.12.

The railroad reported strong third-quarter financial results as it increased shipping rates.

Visa Inc., up $8.95 to $203.33.

The global payments processor reported strong fiscal fourth-quarter financial results and raised its dividend.

Wingstop Inc., up $20.60 to $155.45.

The chicken wing chain raised its profit forecast for the year.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

President Joe Biden speaks before signing H.J.Res.100, a bill that aims to avert a freight rail str...
Associated Press

Biden sees economy avoiding recession, but risks remain

WASHINGTON (AP) — President Joe Biden assured Americans on Friday that the U.S. economy is chugging along in the holiday season, but the very strength of a new jobs report showed that high inflation remains a recession threat. At the White House, the president signed an emergency bill to avert a rail strike that he […]
13 hours ago
Associated Press

South Dakota man accused of threatening Gov. Noem, judge

SIOUX FALLS, S.D. (AP) — A South Dakota man is charged with threatening a state official and judge after he allegedly faxed a message to a local TV station saying he planned to kill Gov. Kristi Noem and allegedly emailed a threat to a judge. Jason Shields was arrested in October shortly after the threats […]
13 hours ago
Christian Pulisic of the United States, left, and Yunus Musah of the United States speak before a f...
Associated Press

World Cup Viewer’s Guide: Americans face the Netherlands

DOHA, Qatar (AP) — Christian Pulisic became an American star with the winning goal — and the injury he got while scoring it — that lifted the United States into the round of 16 at the World Cup. He injured his pelvic bone, Pulisic insisted, when he collided with Iran’s goalkeeper on the goal that […]
13 hours ago
Associated Press

US military halts patrols against Islamic State in Syria

WASHINGTON (AP) — U.S. forces have stopped joint military patrols in northern Syria to counter Islamic State extremists, as Turkish threats of a ground invasion stymie those missions with Kurdish forces. Other more limited security patrols by U.S. and Kurdish troops, particularly around prisons, will begin again on Saturday, officials said. U.S. Central Command on […]
13 hours ago
File - People walk below an In-N-Out Burger restaurant sign in San Francisco, Thursday, Aug. 25, 20...
Associated Press

EXPLAINER: 5 key takeaways from the November jobs report

WASHINGTON (AP) — For nearly nine months, the Federal Reserve has relentlessly raised interest rates to try to slow the U.S. job market and bring inflation under control. And for just as long, the job market hasn’t seemed to get the message. The November employment report the government issued Friday was no exception. Employers added […]
13 hours ago
Associated Press

Indiana judge issues gag order in case of 2 slain teen girls

DELPHI, Ind. (AP) — An Indiana judge imposed a gag order on Friday in the case of a man charged in the notorious slayings of two teenage girls. Richard Matthew Allen, 50, of Delphi, is charged with murder in the killings of Liberty German, 14, and Abigail Williams, 13, whose bodies were found after they […]
13 hours ago

Sponsored Articles

...
Day & Night Air Conditioning, Heating and Plumbing

Prep the plumbing in your home just in time for the holidays

With the holidays approaching, it's important to know when your home is in need of heating and plumbing updates before more guests start to come around.
...
Quantum Fiber

Stream 4K and more with powerful, high-speed fiber internet

Picking which streaming services to subscribe to are difficult choices, and there is no room for internet that cannot handle increased demands.
...
Day & Night Air Conditioning, Heating and Plumbing

Here are 4 signs the HVAC unit needs to be replaced

Pool renovations and kitchen upgrades may seem enticing, but at the forefront of these investments arguably should be what residents use the most. In a state where summertime is sweltering, access to a functioning HVAC unit can be critical.
Microsoft, Spotify fall; Visa, Wingstop rise