February 21, 2024
“Lyft shares closed up over 35% on Wednesday, retaining some gains after the company said it made a major error in a press release reporting its latest results, but still outperformed analyst estimates… Lyft stock initially shot up more than 60%… Continue Reading…
February 19, 2024
“Shares of European online payments giant Adyen jumped on Thursday, after the company reported strong sales growth and better-than-expected profit for 2023. Adyen, which competes with Stripe, PayPal, and Block, told shareholders in its 2023 annual letter that it had slowed the… Continue Reading…
February 13, 2024
“…Roblox also reported full-year revenue of $3.52 billion, versus an LSEG consensus estimate of $3.41 billion. The company’s full-year loss per share was $1.87, compared with a consensus estimate of $1.91. Roblox’s quarterly bookings hit $1.13 billion — the company’s… Continue Reading…
February 6, 2024
“Volvo Cars shares surged more than 26% on Thursday after the Swedish automaker announced it will stop funding subsidiary Polestar Automotive. The group announced it may hand stewardship of ailing luxury car brand Polestar over to majority Volvo shareholder, China’s Geely Holding,… Continue Reading…
January 23, 2024
“Wayfair is cutting 13% of its global workforce as the digital home goods retailer continues its efforts to trim down its structure, cut out layers of management and reduce costs after going “overboard” with corporate hiring during the Covid pandemic, it… Continue Reading…
January 16, 2024
“About 93% of U.S. households’ stock market wealth is held by the top 10%… Details: While it’s true that a record high 58% of American households do own stocks via mutual funds or as individual shares, in the aggregate the amount of stock… Continue Reading…
January 2, 2024
“Shares in SoftBank Group jumped 5% on Wednesday after the Japanese tech conglomerate said it would receive shares in telco T-Mobile U.S. worth some $7.59 billion at no additional cost… The transaction bolsters the listed assets in SoftBank’s portfolio, doubling its T-Mobile U.S. stake to 7.64% from 3.75% currently, following the blockbuster listing… Continue Reading…
December 23, 2023
“Shares of Google closed up 5% Thursday, a day after the company announced its latest artificial intelligence model called Gemini that will compete with products from OpenAI, Microsoft and Meta. The stock is on pace for its best day since Aug. 29. Wells Fargo’s trading desk said… Continue Reading…
December 4, 2023
“…Nvidia Corp. executives and directors last month sold or filed paperwork showing they intend to sell roughly 370,000 shares worth about $180 million, according to data compiled by the Washington Service. If all of the shares were sold, it would… Continue Reading…
November 22, 2023
“…Symbotic, which creates robotic tech platforms powered by artificial intelligence (AI) to provide end-to-end supply chain solutions, reported fiscal fourth quarter revenue of $392 million, up from $244 million a year ago, and a net loss of $45 million compared to a loss of… Continue Reading…
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