Uber Secures $5B Revolving Credit Facility: Teams Up With?

On Friday, Uber Technologies, Inc. (NYSE:UBER) announced it has partnered with Spirit Halloween to enhance its on-demand delivery services. The Spirit Halloween catalog will be accessible on Uber at the same in-store prices. Uber One members will get a $0 delivery fee and a 5% discount on Spirit Halloween orders over $35. Additionally, all consumers […]

Lekha Gupta | September 27, 2024

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Why Nike Shares Are Trading Higher by Around 7%; Here Are 20 Stocks Moving

Shares of NIKE, Inc. (NYSE:NKE) rose sharply in today’s pre-market trading after the company announced a CEO transition. After the market close on Thursday, Nike announced that longtime Nike veteran Elliott Hill will become president and CEO of Nike, effective Oct. 14. Hill will also become a director on the board and a member of […]

Avi Kapoor | September 20, 2024

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JP Morgan Downgraded, Bank of America and Wells Fargo Upgraded

Deutsche Bank analyst Matt O-Connor revised ratings on JP Morgan Chase & Co. (NYSE:JPM), Bank of America Corporation (NYSE:BAC) and Wells Fargo & Company (NYSE:WFC). JP Morgan: The analyst downgraded the rating to Hold from Buy while retaining the price target at $235. The analyst writes that JPM shares have led bank stocks YTD with […]

Lekha Gupta | September 3, 2024

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Birkenstock misses quarterly profit estimates as expansion plan hits margins

By Ananya Mariam Rajesh (Reuters) -Birkenstock missed quarterly profit expectations on Thursday as the German sandal maker’s global expansion drive and production ramp-up compressed its margins, sending its shares down 12% in early trading. The company has been opening more stores in newer markets such as India and Japan amid robust global demand and to […]

Reuters | August 29, 2024

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Samsung & GM to Build $3.5 Billion Joint EV Battery Factory

By Heekyong Yang and David Shepardson SEOUL/WASHINGTON (Reuters) -South Korea’s Samsung SDI said on Wednesday it has completed an agreement with General Motors to build a joint electric vehicle (EV) battery factory in the U.S. state of Indiana. The two companies will invest about $3.5 billion to build a battery cell manufacturing plant with an […]

Reuters | August 28, 2024

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Top 3 Financial Stocks That May Jump In September

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better […]

DeepSeek And Meituan Emerge As China’s Boldest AI Challengers

DeepSeek and Meituan (OTC:MPNGY) are emerging as China’s strongest contenders in the escalating race to challenge OpenAI, Microsoft (NASDAQ:MSFT), Alibaba (NYSE:BABA), and Tencent (OTC:TCEHY) in global artificial intelligence. While both companies are pursuing different strategies, their approaches reflect China’s growing urgency to carve out leadership in next-generation AI technologies. Hangzhou-based DeepSeek is betting on a […]

Alibaba Unveils AI Voice Recorder to Take on U.S. Rival Plaud

Alibaba Group’s (NYSE:BABA) workplace collaboration arm, DingTalk, has introduced an AI-powered voice recorder, a device designed to challenge U.S. rival Plaud. The credit card–sized product, launched at a corporate event in late August, uses artificial intelligence to transcribe and summarize meetings and offers real-time translation across more than 100 languages and 30 Chinese dialects, according […]

3 Tech & Telecom Stocks Delivering High-Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting Analyst Stock Ratings page. Traders can sort through […]

Sharps Technology Stock Soars Over 50% After $400 Million Solana Treasury Bet

Sharps Technology Inc. (NASDAQ:STSS) shares skyrocketed on Monday after the company announced it will raise more than $400 million through a private placement to fund a digital asset treasury anchored by Solana (CRYPTO: SOL/USD), the native token of the Solana blockchain. The transaction, structured as a private investment in public equity at $6.50 per unit, […]

Workday Stock Slides After Announcing Strong Q2 Earnings, Acquisition Of Paradox

Workday, Inc. (NASDAQ:WDAY) released its second-quarter results after Thursday’s closing bell. Here’s a look at the key figures from the quarter. WDAY is encountering selling pressure. See the story here. The Details: Workday reported adjusted earnings of $2.21 per share, which beat the Street estimate of $2.12. Quarterly revenue clocked in at $2.34 billion, which beat the $2.34 billion analyst […]

Baidu’s AI Cloud And Robotaxis Become Growth Engines As Ad Business Slows

Baidu (NASDAQ: BIDU) stock gained on Wednesday after it reported fiscal second-quarter results. The company reported quarterly revenue of $4.57 billion, a decline of 4% year-on-year (Y/Y), slightly missing analysts’ consensus estimate of $4.60 billion. Despite the revenue shortfall, Baidu’s adjusted earnings per American Depositary Share (ADS) came in at $1.90, exceeding the forecast of $1.32. Also Read: […]

Bank of America Strategist Raises Alarm Over Potential Ai-Driven Market Bubble: ‘It Better Be Different This Time’

Bank of America strategist Michael Hartnett has raised concerns about the S&P 500’s record-high price-to-book ratio, indicating the possibility of an artificial intelligence-driven stock market bubble. What Happened: Hartnett has revealed a chart that underscores investor optimism regarding the influence of AI. The chart illustrates the S&P 500’s price-to-book ratio, a metric that compares the total market cap […]

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