Sony Group Corp.'s gaming division will ramp up production of its PlayStation 5 console, acquire more game studios and increase investment in additional offerings, its gaming chief said recently.
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On Tuesday, Nordstrom raised its forecast for earnings and revenue for the coming year ahead of analysts' expectations, sending shares up nearly 10% in premarket trading Wednesday.
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In an attempt to make up for its eroding share price, ride-hailing firm Lyft Inc. said on Tuesday that it would slow down hiring, reduce the budgets of some of its departments, and grant new stock options to some employees.
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Shares of the social media company Snap Inc. plunged as much as 30% in extended trading Monday after warning that it may miss its second-quarter guidance and cut its revenue and profit forecasts below the low end of previous expectations.
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On Tuesday, Vacation rental firm Airbnb Inc. decided to vacate its Chinese operations amid stiff competition and strict lowdowns, joining a long list of Western internet platforms that have opted out of the China market.
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Shares of VMware, the cloud-computing company backed by billionaire Michael Dell, rose 19% in premarket trading on Monday, following news reports that Broadcom Inc. is in talks to acquire the firm.
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Disappointing results from major retailers last week rattled markets already hit by uncertainty over inflation, rising interest rates, geopolitical uncertainty and the prospect of recession. Here's what's ahead of this week's markets:
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Earlier this week, Crypto.com, a popular cryptocurrency platform based in Singapore, announced that Shopify merchants are now able to activate Crypto.com Pay on their online storefronts.
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