February 8, 2024
“Investors looking for an end to the freefall in shares of Chinese e-commerce company Alibaba Group Holding Ltd. may be in for a long wait, if options traders are correct. The stock’s 75% tumble from a 2020 record high has… Continue Reading…
November 14, 2023
” SoftBank Group Corp.’s shares tumbled after its flagship Vision Fund reported another loss with the drop in valuations at WeWork Inc. and other portfolio companies on top of foreign exchange losses. Shares fell as much as 9.3% on Friday, the… Continue Reading…
August 23, 2023
“…Here’s how the fitness company did in its fourth fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by Refinitiv: The company reported a net loss of $241.8 million, or 68 cents per share,… Continue Reading…
August 14, 2023
“…The number of active China-focused hedge funds has slipped for the first time since at least 2012, with only five new funds launched this year as of June, according to data from Preqin Ltd. Another 18 funds were liquidated, the… Continue Reading…
July 28, 2023
“…For the third quarter, Intel expects earnings of 20 cents per share, adjusted, on revenue of $13.4 billion at the midpoint, versus analyst expectations of 16 cents per share on $13.23 billion in sales. Intel posted net income of $1.5… Continue Reading…
July 17, 2023
“China Evergrande Group posted combined losses of more than $81 billion over two years as the world’s most-indebted developer releases its long-delayed results in a bid to resume stock trading… The company reported a loss attributable to shareholders of 105.9… Continue Reading…
January 9, 2023
“The Swiss National Bank on Monday reported a loss of 132 billion Swiss francs ($143 billion) for the 2022 financial year, citing preliminary figures. It represents the biggest loss in the central bank’s 116-year history and equates to roughly 18%… Continue Reading…
September 8, 2022
“GameStop said Wednesday that quarterly sales declined and losses widened, as it burned through cash and inventory swelled. The video game retailer also disclosed a new partnership with crypto exchange FTX. Shares of the company rose more than 6% in premarket trading Thursday.… Continue Reading…
August 25, 2022
“Peloton on Thursday reported widening losses and slumping sales in its fiscal fourth quarter as the connected fitness equipment maker attempts to win back investors with cost cuts and strategic shifts. Shares declined more than 14% in premarket trading, a day… Continue Reading…
April 20, 2022
“Shares of Netflix plunged 37% Wednesday morning after the streamer reported earnings Tuesday evening that showed it lost subscribers for the first time in more than ten years. The results and weak outlook led to a wave of downgrades from Wall Street over fears… Continue Reading…
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