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Stocks

“Cava earnings beat estimates as restaurant traffic climbs nearly 10%”

August 26, 2024

“…Shares of the company rose 9% in extended trading. The stock has more than doubled its value this year, bringing Cava’s market cap up to about $11.6 billion, as of Thursday’s close… The Mediterranean restaurant chain reported fiscal second-quarter net… Continue Reading…

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Stocks

“Billionaires Are Selling Nvidia Stock and Buying an Index Fund That May Soar Up to 83,000%, According to Wall Street Experts”

August 26, 2024

“…David Shaw at D.E. Shaw sold 12.1 million shares of Nvidia, trimming his position by 52%. Meanwhile, he bought 2.4 million shares of the iShares Bitcoin Trust, increasing his position by 1,658%. Steven Cohen at Point72 Asset Management sold 409,042… Continue Reading…

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Stocks

“Peloton shares rise more than 15% as turnaround plan takes hold, losses shrink”

August 22, 2024

“…The company’s shares rose more than 15% in morning trading. Here’s how the Bike and Tread maker performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: For the three-month period that ended June… Continue Reading…

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Stocks

“Meta Shares Are Flying High as Zuckerberg Sells His AI Vision”

August 22, 2024

“The Mark Zuckerberg run company has seen its shares gain 13% this month, far outperforming Big Tech peers despite reporting another jump in capital expenditures and pledging to spend even more going forward. The stock rose 0.3%, inching closer to… Continue Reading…

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Business, Stocks

“Cisco cutting 7% of workforce, reports earnings and revenue beat for quarter”

August 22, 2024

“Cisco reported its third straight quarter of declining revenue, wrapping up its first full fiscal year drop since 2020. The company said it’s cutting 7% of its global workforce. Earnings and revenue topped analysts’ estimates. Prior to Wednesday’s close, the… Continue Reading…

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Business, Stocks

AMC Update: 34.69 TRILLION Tokenized shares! The Amount Of Fraud Is Insane.

August 21, 2024

“Token Total Supply: 34,690,000,000,000.00 Total Token Holders: 2,933…” https://etherscan.io/token/tokenholderchart/0x426a688eE72811773eB64F5717A32981B56F10c1 This blows the fraud of FTX out the water. It looks like child’s play in comparison. “Did Sam Bankman-Fried’s FTX ‘Manipulate’ AMC Stock? …The Chainsaw had previously reported that it had discovered a… Continue Reading…

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Business, Stocks

“S&P and Moody’s downgrade JetBlue amid $3 billion debt raise, shares sink”

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…

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Stocks

“TSMC Sales Soared 45% in July on Strong AI Demand, Shares Gain”

August 14, 2024

“…Sales for the month reached NT$256.95 billion ($7.9 billion). For the third quarter, analysts project TSMC revenue should grow 37% to NT$747.4 billion, with the July result suggesting TSMC may surpass those expectations…” https://finance.yahoo.com/news/tsmc-sales-grow-45-july-054146804.html

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Stocks

“Under Armour shares surge 20% after posting ‘better than feared’ quarterly sales”

August 14, 2024

“…Here’s how the athletic apparel company did in its fiscal first quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: In the three months ended June 30, Under Armour reported a loss of… Continue Reading…

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Stocks

“Shopify shares soar 17% after earnings top expectations, company gives upbeat forecast”

August 14, 2024

“…Here’s how the company did compared with what Wall Street was expecting, based on a survey of analysts by LSEG: The company said gross merchandise volume, or the total volume of merchandise sold on the platform, jumped 22% during the… Continue Reading…

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