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Goldman Sachs — Goldman Sachs shares slumped 1% amid news that the Wall Street firm will cut up to 8% of its workforce. The layoffs are slated to come in January and hit all areas of the Wall Street firm, CNBC reported, citing people familiar with the matter. The Wall Street firm cited recent underperformance in net adds as well as growing macro headwinds to advertising revenues. Lincoln National — Shares dropped more than 4% after Lincoln National was downgraded to underperform from hold at Jefferies, according to StreetAccount. JD.com and Alibaba shares rose more than 1% .
He was also featured in marketing material for the Livio Cares Foundation and was listed as a Livio Cares Partner. However, there is no evidence Livio Cares engaged in philanthropic activities. According to ProPublica's Nonprofit Explorer, Walker was listed as the director of VMP Nutrition Foundation in Fort Worth, Texas. According to the Texas Comptroller of Public Accounts website, the right to transact business in Texas for VMP Nutrition as well as VMP Nutrition Foundation is listed as "forfeited." In 2017, VMP Nutrition and its founder Rodriguez settled a lawsuit filed by Southside Bank for an alleged failure to repay a $2,795,534 lien.
Meta — The social media stock dropped 22.8% after Meta reported an earnings miss and a weaker-than-expected fourth-quarter forecast. Meta reported earnings of $1.64 per share on revenue of $27.71 billion. Caterpillar — Shares popped 5.1% after Caterpillar reported earnings that beat on the top and bottom lines. Caterpillar was expected to earn $3.16 per share on revenue of $14.33 billion, according to consensus estimates from Refinitiv. The defense company reported revenue of $8.97 billion, compared to forecasts of 9.13 billion, according to consensus estimates compiled by Refinitiv.
Emily the Criminal Courtesy: John Patton FordIn the new film "Emily the Criminal," the title character, played by actress Aubrey Plaza, is almost always in a state of fear. "I think fear is the great motivator of human beings," said John Patton Ford, 40, the film's screenwriter and director. Even if the plan survives Republican challenges, outstanding student loan debt will still exceed $1 trillion, and every year an additional 5 million Americans borrow for their education. Annie Nova: From the start of the film, Emily is in a really desperate financial situation. 'No other country would tolerate this'AN: Did you research the student loan crisis for the film?
A striking dockworker on a picket line outside the Port of Liverpool during a strike in Liverpool, UK, on Tuesday, Sept. 20, 2022. The shop stewards who represent union workers accepted Peel Ports request for a meeting at the union office on Tuesday. Supply chain impact from second round of U.K. strikesThe latest development comes amid mounting labor issues linked to inflation at U.K. ports, with workers at the nation's largest port, Felixstowe, beginning another strike this week after one in August. "Unite made it clear that until they have reached their goals these waves of strikes will continue which will have a massive impact on the Christmas business and supply." The CNBC Supply Chain Heat Map shows the present situation at the ports.
A striking dockworker on a picket line outside the Port of Liverpool during a strike in Liverpool, UK, on Tuesday, Sept. 20, 2022. This eight-day strike overlaps with a second strike at the UK's largest container port, the Port of Felixstowe, set to begin on Sunday. With multinational companies including Ford — which on Monday warned of a significant cost increase from supply chain pressures — exporting from the UK, the continuing labor strife will stress an already congested European port network. Ford is one of thousands of companies that use both the UK ports and the ports in Germany, Belgium, and Netherlands to export auto parts. According to FreightWaves SONAR data, the Port of New York and New Jersey receives 30 percent of all UK exports.
Change Healthcare – Shares of Change Healthcare jumped 6.4% after a federal judge said that UnitedHealth cannot take over the company. Humana – Shares of health company Humana gained 1% and touched an all-time high a day after the company raised its earnings guidance for the fiscal year. Cognex — Shares of machine vision systems maker Cognex jumped nearly 7% after the company raised its revenue outlook for the current quarter. Olin — The manufacturing company fell 4.6% after issuing its third-quarter EBITDA guidance. MicroStrategy – Shares of software company MicroStrategy fell 4.6% after the company announced that it made its smallest purchase of Bitcoin in two years.
A Ford Bronco vehicle on a demonstrative course during the Motor Bella Auto Show in Pontiac, Michigan, U.S. on Tuesday, Sept. 21, 2021. Here are the stocks making notable moves in extended trading:Ford — Shares fell about 3.8% post market Monday after the automaker told investors it saw a $1 billion increase in supply chain costs during the third quarter. General Motors — Shares dropped 2% following the announcement from Ford that its supply chain costs were about $1 billion more than anticipated. Cognex — Shares of the machine vision company jumped more than 7% in extended trading after Cognex raised its revenue guidance for the third quarter. Cognex said it now expects revenue between $195 million and $205 million, up from a prior range of $180 million to $190 million, due to faster-than-expected demand fulfillment.
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