November 13, 2023
“Airlines have a record 260 million seats to fill this quarter, and to do it, they’re offering fares that will run you about the same as a pair of movie tickets…” https://www.cnbc.com/2023/11/11/flight-discounts-are-back.html Are prices starting to collapse in the airline… Continue Reading…
November 13, 2023
“…Initial predictions saw the film opening at between $75 million and $80 million domestically, but those figures shrunk to a range between $60 million and $65 million ahead of Friday’s opening. Internationally, “The Marvels” garnered $63.3 million in ticket sales,… Continue Reading…
November 10, 2023
“China’s largest chipmaker SMIC on Thursday posted a 80% drop in third-quarter profit as global demand weakness hit foundries hard. Net income for the quarter ended September plunged 80% compared to a year ago — larger than the 64% drop posted in second quarter… Continue Reading…
November 9, 2023
“Sculptor Capital Management clients yanked $667 million from the firm’s main hedge fund in the third quarter, marking the sixth straight period of net redemptions… Rithm upped its offer to $12.70 a share, from $12, valuing Sculptor at about $720… Continue Reading…
November 9, 2023
“Sony on Thursday reported a 29% drop in operating profit in the fiscal second quarter as the Japanese electronics giant suffered from weakness in its imaging sensor — or chip — business. Here’s how Sony did in the September quarter versus… Continue Reading…
November 8, 2023
“…The automakers on Wednesday announced the creation of a French trust to which Renault transferred 28.4% of Nissan shares. The companies first disclosed plans for the trust in January. Renault and Nissan now have a cross-shareholding of 15% with lock-up… Continue Reading…
November 7, 2023
“…The bankruptcy filing is limited to WeWork’s locations in the U.S. and Canada, the company said in a press release. WeWork reported liabilities ranging from $10 billion to $50 billion, according to an initial filing… WeWork shares had fallen to… Continue Reading…
November 7, 2023
“Food-delivery company Wonder Group has gotten a cash infusion from Nestle, as the startup looks to sell high-tech kitchen equipment and prepared ingredients to businesses such as hotels, hospitals and sports arenas. The deal includes a $100 million investment from Nestle,… Continue Reading…
November 7, 2023
“Nintendo reported better-than-expected sales and profit for its fiscal second quarter on Tuesday, as it continues to get a bump from the “Super Mario Bros. Movie” and flagship Zelda game released this year. Here’s how Nintendo did in its fiscal second… Continue Reading…
November 7, 2023
“Intel stock closed up 9.3% on Friday after the company beat Wall Street expectations for profit and sales. On Thursday, the chipmaker reported earnings per share of 41 cents, adjusted, versus the LSEG estimate of 22 cents. It posted $14.16 billion in revenue… Continue Reading…
Recent Comments