November 21, 2023
“…The forecast was dampened by an expected 20% uptick in selling and general administrative expenses, the company said… The company’s reported net income for the three-month period that ended October 28 was $96.7 million, or 49 cents per share,… Continue Reading…
November 17, 2023
“Cisco shares closed down 9.8% Thursday, marking the worst day since May 19, 2022 when the stock slipped 13.7%. The fall comes a day after the company reported its quarterly earnings that beat on the top and bottom lines but gave weaker-than-expected revenue… Continue Reading…
November 17, 2023
“Volvo Cars shares tumbled as much as 14% on Friday morning after its parent company Zhejiang Geely Holding Group began a sale of around 100 million shares of the Swedish carmaker. …Volvo shares are down 25% year to date… Geely will… Continue Reading…
November 15, 2023
“…The S&P 500 climbed 1.9%, while the Nasdaq Composite popped about 2.4% higher. It was the best day since April for both indexes. The 30-stock Dow added nearly 490 points, or 1.4%. These gains came after October’s consumer price index, a key inflation metric, came in lower… Continue Reading…
November 10, 2023
“The Trade Desk shares plunged about 30% in after-hours trading on Thursday after the ad-tech company issued fourth-quarter revenue guidance that fell well short of analysts’ estimates. Third-quarter results topped estimates. Here’s how the company did: For the December period, Trade… Continue Reading…
November 9, 2023
“Short sellers are betting against electric vehicle and solar stocks, both of which have been on a downward trend. A new report from treasury and liquidity management platform Hazeltree shows luxury EV startups Rivian (RIVN) and Lucid (LCID), along with EV… 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
“Virgin Galactic plans to pause spaceflight operations next year to focus resources on developing its next-generation Delta-class spacecraft, the company announced Wednesday. Shares of Virgin Galactic surged as much as 30% in heavy trading volume on Thursday from its previous close… 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 8, 2023
“…After Wednesday’s market open, Roblox shares soared as much as 20% after the company reported stronger-than-expected Q3 earning and sales results. The company lost 45 cents a share, vs. the 49-cent loss expected by FactSet. The company reported bookings of… Continue Reading…
Recent Comments