Powell gets another term to tackle inflation

Tether says it’s performing a $1 billion swap with a third party to shore up stablecoin

Shares fell in Asia on Thursday after the release of worse inflation data than expected sparked heavy selling of technology stocks on Wall Street.

Rivian Automotive Inc. stock rose more than 5% in after-hours trading Wednesday after the electric-vehicle maker kept its 2022 production outlook intact and tried to assure investors that it was on the right track amid a recent selloff of its shares.

Card-issuing company expects 46% to 48% net revenue growth in second quarter

Stephens downgrades Affirm stock following Upstart earnings

Shares of Block Inc. SQ, +0.63% inched 0.63% higher to $84.39 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index COMP, +0.98% rising 0.98% to 11,737.67 and the Dow Jones Industrial Average DJIA, -0.26% falling 0.26% to 32,160.74. Block Inc. closed $204.84 below its 52-week high ($289.23), which the company achieved on August 5th.

Shares of Arlo Technologies Inc. ARLO, -5.57% rallied more than 15% in the extended session Tuesday after the maker of home security cameras and other residential security equipment reported a narrower-than-expected first-quarter loss and sales topped Wall Street expectations, helped by the “strong growth” of Arlo’s service business. Arlo said it lost $8.5 million, or 10 cents a share, in the quarter, compared with a loss of $10.7 million, or 13 cents a share, in the year-ago quarter.

Electronic Arts Inc. shares rose in the extended session Tuesday after the videogame publisher reported a mixed bag of slight beats and misses in both its results and outlook.

Theater chain produced $40 million more than expected in the first quarter, its 11th consecutive unprofitable period, with summer movies ready to launch in coming months