September 4, 2020
“After a disappointing summer, General Electric (NYSE:GE) finally looks set to recover… The QSR scores have been quick to spot GE’s comeback. Over 60% of the firm’s revenues now come from its high-margin aviation and medical businesses. Its loss-making renewable energy segment… Continue Reading…
September 3, 2020
“Electric vehicle companies are enjoying an incredible moment in 2020, spearheaded by Tesla (TSLA), which saw shares surge 600% from their March lows, and Chinese rival Nio (NIO), also enjoying a similar 700% pop. Investors also battled over shares in… Continue Reading…
September 2, 2020
“Shares of Zoom dropped around 7% Wednesday morning, as investors likely took their profits from Tuesday’s stock surge. The videoconferencing software company’s stock soared 41% on Tuesday after it reported fiscal second-quarter earnings that were better than analysts had expected and raised its full-year guidance. The company… Continue Reading…
September 1, 2020
“Eastman Kodak’s recent roller-coaster ride continued on Tuesday as shares surged 40% on the back of D.E. Shaw establishing a position in the company. A filing with the Securities and Exchange Commission on Monday night showed that the hedge fund has… Continue Reading…
September 1, 2020
“More than 50 former McDonald’s franchisees are suing the fast-food giant for racial discrimination, alleging it denied them the same opportunities as White operators and pushed them out of the system. The 52 Black plaintiffs claim that McDonald’s violated federal anti-discrimination law… Continue Reading…
August 10, 2020
“Shares of Eastman Kodak plunged more than 40% at the low on Monday after a federal agency said it was reviewing a previously announced $765 million loan for the onetime photography pioneer to produce drug ingredients. “Recent allegations of wrongdoing raise serious… Continue Reading…
July 21, 2020
“Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: 42 cents, adjusted, vs. 40 cents expected Revenue: $7.2 billion vs. $7.2 billion expected Coke reported fiscal… Continue Reading…
July 14, 2020
“Tesla Inc. TSLA, 0.68% shares on Monday rose more than 14%, headed for a record high and trading above shares of Google’s parent Alphabet Inc. GOOG, -1.42% GOOGL, -1.45% and Priceline.com’s Booking Holdings Inc. BKNG, -1.49%. The stock’s one-day gain is its best since a 16% jump in March. The rally… Continue Reading…
July 8, 2020
“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…
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