Stocks

Peloton shares drop as pandemic-related uncertainty weighs on outlook

Shares of Peloton have plunged as much as 30% in after-hours trading Thursday after the fitness equipment giant cut its full-year 2022 guidance due to a slow start to the second quarter and "challenged visibility" in its near-term operating performance as a result of uncertainty related to the COVID-19 pandemic.

Toyota lifts annual profit outlook on a weaker yen

Japan's Toyota Motor Corp raised its profit outlook on Thursday helped by favorable currency rates but warned that the global semiconductor shortage still posed risks to its full-year production plans.

Stocks book records as Fed announces taper

U.S. stock indexes climbed to record highs Wednesday as traders digested the news that the Federal Reserve will begin tapering its asset purchases later in November.

US stock buybacks head for record in third quarter

Total U.S. corporate stock buybacks are on track to hit a record for the third quarter as the U.S. economy bounced back from the global pandemic and chief executives became less fearful of spending cash.