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Banking, Business

“Deutsche Bank shares rise 3% after settlement of bulk of claims in long-running Postbank suit”

“Deutsche Bank has reached settlements with nearly 60% of plaintiffs in a long-running case alleging the German lender underpaid for its acquisition of Postbank more than a decade ago. The German lender said the settlement would allow it to release… Continue Reading…

Business, Stocks

AMC Update: 34.69 TRILLION Tokenized shares! The Amount Of Fraud Is Insane.

“Token Total Supply: 34,690,000,000,000.00 Total Token Holders: 2,933…” https://etherscan.io/token/tokenholderchart/0x426a688eE72811773eB64F5717A32981B56F10c1 This blows the fraud of FTX out the water. It looks like child’s play in comparison. “Did Sam Bankman-Fried’s FTX ‘Manipulate’ AMC Stock? …The Chainsaw had previously reported that it had discovered a… Continue Reading…

Stocks

“Amazon shares tumble after third-quarter outlook disappoints”

“Amazon shares closed down about 8.7% on Friday, a day after the company reported mixed second-quarter results and gave a forecast for the third quarter that fell short of Wall Street’s expectations. Revenue in the second quarter rose 10% from a year earlier… Continue Reading…

Stocks

“Nvidia CEO Continues to Sell Shares. Should Investors Follow Suit?”

“Nvidia (NASDAQ: NVDA) CEO Jen-Hsun Huang has been selling shares of his company’s stock over the past two months, including 840,000 shares last week worth $59.3 million. The CEO has taken advantage of the stock’s huge rise in share price, which has… Continue Reading…

Stocks

“Lululemon shares pop 10% despite lackluster earnings report and guidance”

“…Here is how Lululemon did in its first fiscal quarter compared to what Wall Street was anticipating, based on a survey of analysts by LSEG: Despite the tepid growth, Lululemon’s stock jumped 10% in extended trading Wednesday. The company also… Continue Reading…

Stocks

“Computing firm Raspberry Pi pops 38% in rare London market debut” [JUN 11 2024]

“Shares of Raspberry Pi surged Tuesday, rallying by more than 38%, as the British computing startup sought to raise some £166 million ($211.2 million) from its initial public offering…” https://www.cnbc.com/2024/06/11/rasperry-pi-ipo-computing-firm-to-raise-211-million.html

Stocks

“GM board approves new $6 billion share buyback authorization” [TUE, JUN 11 2024]

“… …” https://www.cnbc.com/2024/06/11/gm-board-approves-new-6-billion-share-buyback-authorization.html

Stocks

“AMC completes $250 million stock sale during meme rally, shares jump 30%”

“AMC Entertainment raised about $250 million of new equity capital, completing the sale Monday during the revived meme stock craze triggered by the return of “Roaring Kitty.” The movie theater operator sold 72.5 million shares in an at-the-market equity offering that… Continue Reading…

Business, Stocks

“Why Coca-Cola Consolidated Stock Skyrocketed Over $1,000 Per Share Today” [May 7th]

“…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…