Company News for Oct 3, 2022

• Shares of Carnival Corporation & plc CCL plummeted 23.3% after it forecast a loss for the fourth quarter and a delayed return to profitability.

• Shares of NIKE, Inc. NKE plunged 12.8% after it reported a 44% increase in inventories.

• Microsoft Corporation’s MSFT shares fell 1.9% on the broader tech slump.

• Twitter, Inc.’s TWTR shares rose 2.6% as reports emerged that Hollywood super-agent Ari Emanuel has attempted a settlement between Elon Musk and Twitter.

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