Author: super@dmin

Shares of Sleep Number Corp. were getting pummeled in late trading Wednesday after the maker of “smart beds” slashed its earnings forecast as it deals with the twin challenges of “historically low” consumer sentiment and chip-related supply-chain issues.

Argo AI, an autonomous vehicle startup, is shutting down as its two big backers, Ford Motor Corp. and Volkswagen AG, indicated that the company’s technology is taking too long to commercialize.

Align Technology Inc. shares dove nearly 20% in after-hours trading Wednesday, after the maker of Invisalign teeth straighteners reported that profit fell more than 50% and sales declined more than 12% from last year.

Wednesday’s top personal finance stories.

Meta Platforms Inc. on Wednesday became the latest tech titan tattooed by a precipitous drop in digital advertising, reporting less than half the profit it had in the same quarter a year ago and sending its stock toward the lowest prices in more than six years.

SK Hynix Inc. added to concerns Wednesday that the semiconductor industry has entered a glut as the chip maker missed expectations for the quarter and forecast declining market demand out into 2023.

Ford Motor Co. on Wednesday reported third-quarter results that beat expectations, but forecast full-year adjusted profit at the low end of its expectations.

KLA Corp. rose in the extended session Wednesday after it became the third chipmaking-equipment manufacturer to post a beat-and-raise quarter this earnings season amid a quarter rife with profit warnings from other chip-related companies.

Another key measure of the yield curve is inverting, sending a recession warning.

Shares of ServiceNow Inc. jumped more than 8% in extended trading Wednesday after the software company reported fiscal third-quarter earnings that beat Wall Street analysts’ forecasts.