May 15, 2024
“…For the period ended March 30, Apple’s revenue in China dropped 8% year over year to $16.4 billion. Much of this was attributable to a stalling iPhone segment, which dropped 10% year over year to $45.9 billion in all countries…”… Continue Reading…
May 15, 2024
“Squarespace, the website-building platform, announced on Monday it would go private in a $6.9 billion all-cash deal with private-equity firm Permira, after nearly three turbulent years on the public market. Permira agreed to pay $44 per share in cash, a roughly 30% premium to… Continue Reading…
May 10, 2024
“…As far as growth goes, Coca-Cola Consolidated doesn’t really have any. Its first-quarter volume was down less than 1% year over year. And with slightly higher prices, its net sales rose 1%. Regarding profitability, there was improvement in the company’s… Continue Reading…
May 8, 2024
“Wayfair’s sales slid during its first quarter, but the online furniture retailer reduced its losses after cutting 13% of its workforce at the start of the year, the company announced Thursday… Wayfair shares closed more than 16% higher Thursday. The company’s reported net… Continue Reading…
May 6, 2024
“… …” https://www.cnbc.com/2024/05/06/berkshire-hathaway-gains-as-insurance-lifts-first-quarter-profit-and-cash-nears-200-billion.html That 200 billion will be used to buy up the markets after they collapse. They are waiting for the commercial real estate crisis. It’s going to affect the banks which will affect everything else.
May 3, 2024
“Johnson & Johnson on Wednesday said it plans to pay $6.5 billion over 25 years to settle nearly all of the thousands of lawsuits in the U.S. claiming its talc-based products caused ovarian cancer, pending approval of the claimants. Those cases… Continue Reading…
May 1, 2024
“Warner Bros. Discovery shares have slumped since the media and entertainment company was created two years ago, but that hasn’t dented its chief executive’s pay. Last year, CEO David Zaslav received pay valued at $49.7 million, a 27% increase from 2022, the… Continue Reading…
April 26, 2024
“Car rental operator Hertz (HTZ) reported it lost another $200 million due to its EV gamble… The company previously said it would sell off 20,000 EVs from its fleet, meaning it will now dispose of 30,000 EVs in its fleet… Continue Reading…
April 25, 2024
“Tesla’s loss of $328.3 billion this year in stock value certainly hurts. But it’s amazingly only the second-largest market value loss in the S&P 500. The dubious distinction of shredding the most value this year goes to Apple (AAPL). The Johnny-come-lately to AI’s… Continue Reading…
Recent Comments