For 70 Years, Whirlpool Paid a Dividend. Suddenly It Can't Afford One.
Investors question the company's recovery plan and its decision to halt quarterly payout.
----
Sony Quarterly Profit Slides on EV Losses, Game Weakness
The Japanese entertainment and electronics company net profit dropped 63% from a year earlier to 83.12 billion yen.
----
Venezuela's State Oil Company Taps White & Case Ahead of Restructuring Talks
PdVSA has retained the law firm to protect its interests in the Citgo sale after U.S. Treasury granted Venezuela permission to hire advisers on Tuesday.
----
Coinbase Global Swings to Loss Amid Softer Crypto Market
The cryptocurrency exchange posted a loss of $394.1 million as a weak crypto market weighed on its top line.
----
Cloudflare to Slash 1,100 Jobs Due to AI-Driven Restructuring Plan
The cuts are a response to artificial intelligence triggering a "paradigm shift" in the software industry, said Chief Executive Matthew Prince.
----
Block Lifts Guidance on Higher Payment Volumes, Boom in Lending
The fintech company now expects adjusted earnings of $3.85 a share this year, a 62% uplift from 2025.
----
CoreWeave Says Component Cost Inflation Might Raise 2026 Capex
The cloud provider widened its loss in the first quarter and said higher component costs may raise its capital expenditures this year.
----
Lyft Revenue Rises as Partnerships Boost Rides Growth
The company's revenue climbed 14% to $1.65 billion in the first quarter, boosted by growth in both riders and rides.
----
Airbnb Raises Outlook, Citing Resilient Travel Demand
The short-term rental company said it now anticipates annual sales will increase by a low- to midteen percentage.
----
Gilead Sciences Expects Loss This Year on Acquired R&D Expenses
The biopharmaceutical company said it expects a 2026 adjusted loss of between $1.05 and 65 cents a share, compared with prior guidance of adjusted earnings between $8.45 and $8.85 a share.
----
Expedia First-Quarter Sales Rise as B2B Unit Keeps Driving Growth
The online travel agency's revenue rose to $3.43 billion, driven by a 25% increase in business-to-business sales.
----
News Corp Revenue Climbs With Growth at Dow Jones, Real Estate Units
The media company expects record profitability for its full fiscal year.
----
Monster Beverage Sales Boosted by International Brands, Weaker Dollar
The energy-drink maker said international sales were up almost 45% for the quarter at over $1 billion, and now make up about 45% of its total revenue.
----
DraftKings Swings to First-Quarter Profit on Better Sportsbook Margins
The online sports betting company posted a profit of $21.1 million on strong engagement from a growing roster of customers.
(END) Dow Jones Newswires
May 08, 2026 01:00 ET (05:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.