Stocks

The company now expects comparable sales to increase about 3% in fiscal 2022, compared to its previous forecast of a slight positive growth.

FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.

Oil giant Saudi Aramco said Sunday its profits soared more than 80% in the first three months of the year, as the state-backed company cashes in on the volatility in global energy markets and surging oil prices following Russia’s invasion of Ukraine.

India has banned exports of wheat because of a risk to its food security partially due to Russia's attack on Ukraine.

Ford Motor has trimmed its stake in the electric carmaker Rivian Automotive for the second time in a week.

The FTX CEO currently has no plans of changing or influencing the control of Robinhood, but could potentially enhance its stockholder value through "various strategic alternatives or operational or management initiatives" or acquiring additional shares.

Twitter CEO Parag Agrawal responded to Elon Musk's surprise tweet, saying he expected Musk’s $44 billion acquisition of the social medial company to close in 2022.

Twitter shares are taking a hit after Elon Musk said in a tweet that his $44 billion acquisition is temporarily on hold.

Wedbush Securities analysts Dan Ives and John Katsingris say Elon Musk's "bizarre tweet" putting his $44 billion Twitter acquisition on hold has turned the entire deal into a "circus show".

The Nasdaq Composite is on pace to cross the lows hit in the pandemic crash of March 2020.

Federal Reserve Chairman Jerome Powell was confirmed by the Senate on Thursday for a second term heading the central bank and guiding U.S. monetary policy.

The note comes just one day after the Labor Department reported inflation surged higher than expected in April, with prices rising 8.3%, close to a 40-year high.

GameStop, which has surged more than 30%, has been halted for volatility at least four times since the market open. Meanwhile, AMC Entertainment has jumped more than 20% during the session.

Lordstown Motors has closed a deal to sell its 6.2 million-square-foot Ohio factory to Foxconn for $230 million plus the reimbursement of approximately $27 million in operating and expansion costs.

Online grocery delivery platform Instacart has taken a major step toward becoming a publicly traded company saying it has confidentially filed documents for an initial public offering with U.S. securities regulators.

Stifel analyst Scott Devitt has downgraded the used car dealer's stock from "buy" to "hold" and slashed the firm's price target from $115 to $40 per share.

If you want to track a specific index — like the housing sector — you may want to consider purchasing an ETF or “exchange-traded fund,” which is an investment product that’s a bundle of bonds, stocks or other assets, similar to a mutual fund.

The deal will be comprised of $50 million in Chicken Soup for the Soul Entertainment stock and the assumption of $325 million of Redbox's debt.

Wednesday's announcement comes after Gomez's former employer, Dentsply Sirona Inc., disclosed an ongoing internal investigation related to financial reporting.

A federal judge has found that Tesla Inc. CEO Elon Musk's 2018 tweets that funding was secured to take the automaker private were reckless.