August 20, 2024
“…Shares of the New York-based company plummeted 19%. JetBlue intends to raise $1.5 billion through a private offering of senior secured notes and an additional $1.25 billion via a term loan, secured by TrueBlue. It also plans to raise $400… Continue Reading…
August 14, 2024
“The World Federation of Advertisers said Thursday that it’s suspending the operations of its Global Alliance for Responsible Media nonprofit initiative. GARM was started in 2019 in part to help advertisers avoid having their promotions show up alongside content they… Continue Reading…
August 14, 2024
“…British investment platform Hargreaves Lansdown said on Friday it had agreed to a takeover offer equivalent to £5.4 billion ($6.9 billion) by a group of investors including CVC Group… Shareholders in Hargreaves Lansdown — the U.K.’s biggest stockbroker — will get 1,110 British pence… Continue Reading…
August 12, 2024
“Nintendo revenue and profit plunged in its firscal first quarter as sales of its ageing Switch console decline. Nintendo sold 2.1 million units of its flagship Switch consoles, down 46% on the year. Investors are looking out for news surrounding… Continue Reading…
August 8, 2024
“Warren Buffett sent shockwaves through the investing world over the weekend by slashing his big Apple stake by half, causing the tech stock to crater on Monday amid the intensifying global sell-off. Berkshire Hathaway disclosed in its earnings filing that its Apple… Continue Reading…
August 8, 2024
“A U.S. Tax Court judge has ruled that Coca-Cola is on the hook for about $2.7 billion, or about $6 billion including interest, in a long-running dispute with the Internal Revenue Service. The Atlanta beverage giant said Friday that it… Continue Reading…
August 6, 2024
“…Here’s how Apple did versus LSEG consensus estimates for the quarter ended June 29: Apple expects similar overall revenue growth in the current quarter, company finance chief Luca Maestri said on a call with analysts…” https://www.cnbc.com/2024/08/01/apple-aapl-earnings-report-q3-2024.html
August 6, 2024
“Exxon earnings beat as the acquisition of Pioneer drove record production Production grew by 15%, or 574,000 barrels per day, to 4.4 million barrels per day from the first quarter. The Pioneer deal contributed $500 million to Exxon’s earnings…” https://www.cnbc.com/2024/08/02/exxonmobil-xom-earnings-q2-2024-.html
August 6, 2024
“…Disney has been struggling recently, which has included several Disney titles that were deemed box office flops in 2023—including Pixar’s Elemental—declining linear TV viewership and an uneven transition into a streaming future. The entertainment behemoth has been hemorrhaging money through its Disney+ streaming… Continue Reading…
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