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The US stock market closed mixed on Friday: the Dow Jones up 0.39%
18 February 2023
Friday trading result The US stock market ended Friday's trading mixed, with the consumer goods, telecoms and utilities sectors strengthening. At the close of trading on the New York Stock Exchange the Dow Jones&n
Advance Auto Parts Inc. Plunges 30%: Disappointing Q1 Earnings and Reduced Dividend Shake Investors
31 May 2023
Stock Meltdown Advance Auto Parts Inc., a top auto parts seller, saw its stock prices decline on Wednesday due to disappointing Q1 earnings, reduced dividend, and lowered full-year outlook amidst intense pricing competition. Stock Performance and T
Crypto CEO Sam Bankman-Fried Faces Trial in Historic Fraud Case
30 May 2023
Crypto King's Downfall Federal prosecutors reject Sam Bankman-Fried's defense claims and maintain criminal charges for alleged investor theft in his cryptocurrency fund. Following his December extradition from the Bahamas, Sam Bankman-Fried, 31, ha
Cineworld's Revitalization Plan: Exiting US Bankruptcy in July Marks a Promising New Beginning
25 May 2023
Cineworld's Battle for Survival Cineworld, the world's second-largest cinema chain, aims to exit bankruptcy protection in July. The company, listed on the London Stock Exchange, has gained further support from lenders for its restructuring plan afte
Dick's Sporting Goods Shatters Expectations: Q1 Earnings Surge Sparks Market Frenzy
23 May 2023
Record-breaking Quarter Dick's Sporting Goods (NYSE: DKS) witnessed a surge in premarket trading on Tuesday after releasing its outstanding Q1 earnings results, which surpassed analysts' expectations. Maximizing Financial Performance Adjusted EP
Cisco's Alarming Tech Demand Signal Sparks Stock Decline: What It Means for the Industry
18 May 2023
Cisco beats expectations Cisco, the networking giant, exceeded expectations in its fiscal third-quarter results, reporting a revenue of $14.6 billion, a 14% YoY growth. The company's GAAP gross margins improved to 63.4%, reinforcing confidence in ra
Tesla's Bold Move: Advertising Strategy to Overcome Challenges and Missed Margin Target
17 May 2023
Musk's definitive statement At Tesla's annual shareholder meeting in Austin, Texas, CEO Elon Musk acknowledged the company's vulnerability to the global economy and provided insights into the challenges it may face over the next 12 months. Rumor Cl
Wells Fargo's Decade-Long Fallout: $1 Billion Settlement Shakes Banking Industry
16 May 2023
Investor alert Wells Fargo settles $1B class action lawsuit over mishandling of phony account scandal, ending a decade-long fallout. Key Facts Preliminary settlement: The $1 billion settlement figure was reported by the Wa
Revitalizing Mass Transit: Solutions for a Post-Pandemic World
15 May 2023
Beyond the commute US mass transit is in crisis due to the pandemic and remote work, with smaller systems recovering quickly while larger ones like WMATA and BART struggle to survive. Financial Peril In the age of remote work, transit systems stru
How Vivek Ramaswamy's Firm is Courting GOP Officials to Keep Businesses Away from Politics
12 May 2023
The two-fаced campaign Introduce Vivek Ramaswamy and his campaign message urging companies to stay out of politics. However, private emails obtained by watchdog Documented and reviewed by CNBC reveal that Strive Asset Management, the asset manageme
Disney+ Takes a Hit: 4 Million Subscribers Lost in Q2 FY23
11 May 2023
Disney's streaming woes continue Disney's streaming service, Disney+, lost 4 million or 2% paid subscribers in Q2 FY23, ending the quarter with 157.8 million users. The decline was mainly due t
Adidas' CEO Revamps Brand Focus Amidst Disappointing Sales and Antisemitic Remarks
5 May 2023
Adidas' path to recovery Adidas AG is grappling with a mountain of unsold Yeezy sneakers and apparel worth €1.2 billion, stemming from a cancelled collaboration with rapper and designer Ye, formerly known as Kanye West. The German sneaker make
CoinDesk: Monero and Litecoin Lead the Way to Decentralization for Humanity, TMS Network Soars in Presale
3 May 2023
Revolutionizing trading Entrepreneur Yat Siu's CoinDesk article highlights the significance of decentralization and open-source innovation, particularly in the context of blockchain protocols. These are seen as essential com
Lyft's New CEO Implements Bold Strategy to Compete with Uber
2 May 2023
Lyft unveils restructuring strategy Lyft, the ride-hailing service, has been struggling with mounting losses and a sagging stock price, prompting its co-founder Logan Green to step down as CEO. In his place, David
ServiceNow Raises Annual Subscription Sales Forecast After Strong Q1
27 April 2023
ServiceNow makes history ServiceNow, the enterprise software company founded in 2003, reported its first $2 billion quarter and raised its full-year guidance for subscription sales. The company's fis
Investing in the Future: 5 Oil and Gas Companies Defying the Industry's Decline
25 April 2023
Investors take note The oil and gas industry is facing challenges in 2023, with falling earnings for most companies despite the relatively high price of oil at around $80 per barrel. Natural gas prices have fallen drama
ESPN Shakes Up the Industry: High-Earning Employees to be Cut, Pre-Game Show Under Scrutiny
24 April 2023
ESPN announces cost-cutting measures ESPN has begun employee layoffs, targeting lower-tier roles. The network plans to continue the process through Wednesday, with further cuts expected as part of a restructuring plan.
Brewing Trouble: The Fallout from Bud Light's Transgender Partnership
23 April 2023
Bud Light faces backlash over transgender partnership Transgender influencer Dylan Mulvaney, with 10.8 million TikTok followers, has been silent for 16 days due to backlash over her partnership with
Proxy Battle Brewing: Carl Icahn Takes on Illumina's Board
21 April 2023
Proxy battle erupts Carl Icahn accused Illumina's board of ignoring shareholder questions and being evasive due to their reliance on big shareholders for protection. Illumina is a biotechnology company that provides tools for genetic analysis. The
Ben and Jerry's workers take a stand: Company's flagship shop files for union election
17 April 2023
Ben and Jerry's first-ever union election Workers at Ben and Jerry's flagship ice cream shop in Burlington, Vt., are filing for a union election on Monday. If successful, they will become the first of the company's U.S. locations to unionize. The mo
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