. Discovery (NASDAQ: WBD) had a turbulent week as its stock hit a new low following reports suggesting the media conglomerate may lose an important media rights agreement with the National Basketball Association. A Wall Street Journal report indicated that Comcast’s NBCUniversal (NASDAQ: CMCSA) is crafting a $2.5 billion bid…
(NYSE:TSN) exceeded analyst projections for its second-quarter earnings, demonstrating early returns from its strategic closure of select U.S. chicken processing facilities to mitigate expenses. Stocks of the Springdale, Arkansas-headquartered corporation climbed by 2.4% during premarket trading. To curb expenditures, the leading meat producer in the United States has ceased operations…
The stock market is showing upward momentum as investors prepare for what could be a relatively calm week following last week’s flurry of market activity. Early Monday, the S&P 500 (INDEXSP:.INX) climbed 0.5%, with the Dow Jones Industrial Average (INDEXDJX:.DJI) up by 164 points and the Nasdaq composite (NASDAQ:COMP) also…
Last week, Apple (NASDAQ: AAPL) made big waves with a monumental $110 billion share buyback announcement, driving prices up following earnings. However, this enthusiasm was tempered by underwhelming sales figures in the iPhone and Mac segments. Meanwhile, the Federal Reserve opted to maintain stable interest rates, citing ongoing concerns about…
Last week, Birmingham Airport experienced chaos due to a 'technical issue' with security, causing significant delays and missed flights during peak hours. Reports described the situation as a "disaster," with one person collapsing amidst the turmoil. The airport admitted the security problem exacerbated the already busy schedule, affecting operations. Passengers…
Birmingham Airport faced chaos last week as travelers encountered significant delays and some missed flights due to a ‘technical issue’ at security during peak departure times. Reports of distress emerged, with one individual collapsing amid the turmoil, leading to descriptions of the situation as a “disaster” and an “absolute shambles.”…
SoFi Technologies (NASDAQ:SOFI), a major player in the fintech sector, experienced an over 11% drop in its stock price over the past few trading days following the release of its latest earnings report. As of Friday before the market opened, the stock had plummeted according to data from S&P Global…
Penn Entertainment (NASDAQ: PENN) faced a challenging day on Thursday as its stock tumbled by as much as 15% following the release of its first full quarterly earnings incorporating data from The stock closed at $15 a share, marking an 8.76% decrease from the previous day’s close. Despite reporting overall…
Shares of Novo Nordisk A/S (NYSE: NVO) dipped as Amgen Inc.'s (NASDAQ: AMGN) CEO expressed optimism regarding early results from an experimental obesity drug, raising concerns about heightened competition in the expanding market. The stock saw a decline of up to 5.3% following comments on Amgen’s MariTide, exacerbating Thursday’s 2.7%…
One of the standout stocks among investors, Meta Platforms (NASDAQ: META), has experienced significant fluctuations in its stock performance lately. Despite an impressive 194% surge in shares last year, following a robust return to growth in both revenue and profit, Meta has seen its stock plummet approximately 12% since the…
Apple Inc. (NASDAQ: AAPL) saw its stock price surge, climbing as much as 6% following the announcement of earnings that surpassed forecasts and the revelation of a new $110 billion share repurchase program. The tech giant reported its second-quarter earnings late Thursday, reporting earnings per share (EPS) of $1.53 on…
In April, US employers slowed down their hiring efforts but still managed to add a respectable 175,000 jobs, indicating that persistently high interest rates might be starting to affect the robust US job market. According to Friday’s government report, last month’s job gains saw a significant decline from the impressive…
Shares of Amgen (NASDAQ: AMGN) significantly increased after the company's chief executive officer expressed optimism about early results from its experimental obesity drug, MariTide. During a call with investors, Amgen CEO Robert Bradway stated, “We are very encouraged by the early results from our study of MariTide. We recognize the…
Wall Street started the day with a significant surge, recovering from its losses earlier in the week, following a report showing a slowdown in hiring by the government last month. This development was seen as a positive indication that the Federal Reserve’s efforts to combat inflation through high interest rates…
(NASDAQ:AMZN) cloud computing arm, Amazon Web Services (AWS), is poised to reach a major milestone of achieving $100 billion in annual sales by 2024. In a recent podcast interview, AWS CEO Adam Selipsky revealed the company’s progress, stating that "This quarter, we just announced a few days ago that AWS…
An expert on business development and accelerators, Dr. Walton brings fresh eyes to clean energy technologies. PORTLAND, Maine, May 2, 2024 –Maine Venture Fund (MVF), a state-sponsored venture capital fund whose board of directors is appointed by the state’s governor, announced today that Dr. Brien Walton, MVF’s Board chair and…
JOHANNESBURG, May 2, 2024 — Shareholders are advised in terms of paragraph 3.59 of the JSE Listings Requirements that Mr Hanré Rossouw has informed the Company that he will step down as Chief Financial Officer and executive director of Sasol Limited on 31 October 2024. Mr Steve Westwell, the Chairman…
BERLIN, May 2, 2024 — Growatt, a global leader in energy solutions across residential, commercial, industrial, and energy storage sectors, has announced its latest offerings: the NEO 800M-X microinverter and NOAH 2000 Battery Balcony Solar Solution. The system is tailored to meet the growing demand for solar energy in contemporary…
VANCOUVER, May 3, 2024 — City Office REIT, Inc. (NYSE: CIO) (the “Company,” “City Office,” “we” or “our”) today announced its results for the quarter ended March 31, 2024. First Quarter Highlights Rental and other revenues were $44.5 million. GAAP net loss attributable to common stockholders was approximately $2.4 million,…
MUNICH, May 3, 2024 — Trina Storage, the leading global energy storage product & solution provider, has once again secured its position as a Tier 1 energy storage manufacturer for the second quarter of 2024, according to the latest assessment by BloombergNEF (BNEF). This prestigious recognition comes on the heels…
