$Carnival (CCL.US)$ shares rose 4% after the cruise line said voyages for the third quarter were cash flow positive and expects this to continue. Shares of Norwegian Cruise Line gained 3.2% and Royal Caribbean added 3%.
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$Joby Aviation (JOBY.US)$The air taxi start-up’s shares jumped 7.9% after Morgan Stanley initiated coverage of the stock with an overweight rating. The investment firm said in a note that Joby appears to have a head-start on getting its in-development vehicles certified by regulators compared to its competitors.
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$Darden Restaurants (DRI.US)$ The Olive Garden parent reported earnings of $1.76 per share, higher than the $1.64-per-share forecast. The restaurant company also reported same-store sales that rose 47.5%, topping estimates. Shares rose 3% in premarket trading.

$Biogen (BIIB.US)$ The drugmaker's stock rose in premarket trading after Needham initiated coverage of the stock with a buy rating, saying in a note to clients on Wednesday that the company's controversial Alzheimer's drug Aduhelm will be a big seller for the company long term.

$Joby Aviation (JOBY.US)$ Morgan Stanley initiated coverage of the air taxi start-up with an overweight rating, saying in a note to clients on Thursday that investors should take a look at a stock with major potential upside. Shares of Joby Aviation popped more than 5% in extended trading.

$Stitch Fix (SFIX.US)$ Shares of the online fashion styling company soared 13.7% following its stellar quarterly earnings. Stitch Fix reported earnings per share of 19 cents, compared to the loss of 13 cents expected, according to Refinitiv. Revenue came in at $571 million, topping estimates of $548 million.
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$FedEx (FDX.US)$ Shares of the delivery company plunged over 8% after the firm posted cut its full-year forecast on Tuesday. FedEx said its quarterly results were affected by labor shortages, which slowed packages and drove up costs ahead of the holiday peak season.
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The U.S. Treasury Department announced Tuesday it will sanction a cryptocurrency exchange for its alleged role in laundering ransoms for cyberattacks. It marks the first such action against a cryptocurrency exchange, according to the department. The Treasury alleged that the crypto exchange Suex “has facilitated transactions involving illicit proceeds from at least eight ransomware variants.” $Nasdaq Composite Index (.IXIC.US)$

$AT&T (T.US)$ CEO John Stankey said Tuesday he’s unhappy with his company’s brand and plans to refresh the wireless carrier’s image in the coming years. AT&T spent more than $160 billion, including debt, to acquire WarnerMedia and DirecTV. Neither deal paid off for Stankey, who was instrumental in acquiring both companies as former CEO Randall Stephenson’s top lieutenant. AT&T shares have fallen about 25% in the last five years. The company’s focus for the coming years will be building out 5G broadband service.
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$ConocoPhillips (COP.US)$ Shares of the energy company rose over 3% the day after ConocoPhillips and Shell announced a $9.5 billion sale of West Texas oil field assets to ConocoPhillips. The deal gives ConocoPhillips an additional 225,000 acres of energy assets. The London-traded shares of Royal Dutch Shell also moved higher.
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