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Stocks

“Chipotle Announces 50-for-1 Stock Split. Here’s What Investors Need to Know.”

“…Over the past year, Chipotle stock has gained an impressive 74%, but that’s just the beginning. For those lucky enough to get in on its IPO in early 2006, the stock has soared from $22 to roughly $2,798, a mind-boggling… Continue Reading…

Stocks

“Block shares surge 16% after company announces surprise profit”

“Block stock closed up 16% Friday, a day after the payments company reported fourth-quarter earnings that beat analysts’ estimates on gross profit and showed strong growth in its Square and Cash App revenue. Here’s how the company did, compared to analysts’ consensus from… Continue Reading…

Stocks

“Shares of Maersk plunge 18% as shipping giant announces 10,000 job cuts, says profit will be at lower-end of guidance”

“Shipping giant Maersk, a bellwether for global trade, on Friday announced plans to reduce its workforce by more than 10,000 people and said it expected profit to be at the low end of prior guidance. The firm’s Denmark-listed shares had fallen… Continue Reading…

Stocks

“AMC stock sinks after company announces plans to sell up to 40 million shares”

“AMC (AMC) Entertainment stock tanked more than 20% on Wednesday morning after the cinema chain announced plans to sell up to 40 million shares. The company said it plans to use the proceeds “to bolster liquidity, to repay, refinance, redeem or… Continue Reading…

Real Estate

“Blackstone REIT Announces Major Asset Liquidations As Redemption Requests Continue”

“Blackstone real estate investment trust (BREIT), which recently made news for exercising a clause that restricted owner withdrawals for several consecutive months, has not taken the news lying down. Blackstone recently announced the sale of $3.1 billion worth of its… Continue Reading…

Economy, Energy

“EPA reportedly planning to announce significant limits on tailpipe emissions to boost electric vehicle adoption”

“The Environmental Protection Agency is preparing to announce significant limits on tailpipe emissions this week that would require as much as 67% of new vehicles sold in the U.S. by 2032 to be all-electric cars, according to a report by… Continue Reading…

Economy

“UK finance minister announces tax hikes and spending cuts, says country is in recession”

“The U.K. government on Thursday unveiled a sweeping £55 billion ($66 billion) fiscal plan as it seeks to plug a gaping hole in the public finances and restore Britain’s economic credibility, even as the country teeters on recession. Finance Minister… Continue Reading…

Business

“TikTok likely to announce sale of U.S. operations in the coming days in $20 billion to $30 billion range”

“TikTok is nearing a deal to sell its U.S. operations and could announce a deal in the coming days, according to people familiar with the matter. Kevin Mayer, TikTok’s CEO, announced his resignation Thursday after news of the announcement leaked… Continue Reading…

Stocks

“Top Ships Inc. Announces Pricing of $15.9 Million Common Shares Registered Direct Offering”

“TOP Ships Inc. (the “Company”) (NASDAQ:TOPS) announced today that it has entered into a placement agency agreement with Maxim Group LLC relating to the sale of the Company’s common shares (the “Placement Agency Agreement”).  Pursuant to the Placement Agency Agreement,… Continue Reading…

Stocks

“Hexo’s stock falls after $25.5 million stock offering program announced”

“The U.S.-listed shares of Hexo Corp. HEXO, -4.99% sank 8.0% in premarket trading Wednesday, after the Canada-based consumer packaged goods cannabis company announced a C$34.5 million ($25.5 million) at-the-market stock offering program…” https://www.marketwatch.com/story/hexos-stock-falls-after-255-million-stock-offering-program-announced-2020-06-17?siteid=yhoof2&yptr=yahoo