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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Michael Burry Urges Adobe to Buy AI Firm Midjourney to Save Creative Moat

In a bold move that has captured the attention of Wall Street, Michael Burry, the famed “Big Short” investor, has publicly urged Adobe Inc. (NASDAQ:ADBE) to acquire AI firm Midjourney to defend its dominance in the creative software market. Posting on X, Burry stated that “Adobe $ADBE should buy Midjourney” and other founder-led creative firms […]

Ray Dalio: ‘There Is Only One Gold’—And It’s Not Bitcoin

Bridgewater Associates founder Ray Dalio pointed out why gold climbed 80% to $5,200 per ounce while Bitcoin (CRYPTO: BTC) fell 25%, argued central banks won’t buy Bitcoin due to privacy and controllability issues. The Central Bank Gold Rush Gold is the second largest reserve country currency that central banks hold, not a speculative precious metal. […]

Largest SOL Holder Down $1 Billion, But Exec Still Aims to Be The ‘Berkshire Hathaway of Solana’

Forward Industries (NASDAQ:FWDI) CIO Ryan Navi declared the company aspires to be the “Berkshire Hathaway of the Solana ecosystem” as the largest institutional Solana (CRYPTO: SOL) holder sits on nearly $1 billion in unrealized losses. The $1 Billion Loss Forward Industries acquired its Solana position at an average price of around $230 per token after […]

Cancer Test Maker Caris Life Sciences Unveils Breakthrough in Early Cancer Detection, Profit Surprise

Caris Life Sciences Inc. (NASDAQ:CAI) shares are up during Friday’s premarket session following better-than-expected fourth-quarter earnings and a significant interim readout from the company’s Achieve 1 study. Sales More Than Doubled Caris Life Sciences on Thursday reported fourth-quarter earnings of 28 cents compared to the consensus loss of 3 cents. Sales for the quarter jumped […]

HSBC Stock Hits 52-Week High – Here’s Why

HSBC Holdings, Plc. (NYSE:HSBC) stock rose Wednesday after the company reported fourth-quarter fiscal 2025 results. Earnings Snapshot Revenue increased 42% year over year (Y/Y) to $16.4 billion, led by growth in banking net interest income (NII) along with higher fee and other income from Wealth. However, the topline fell short of the Street’s estimate of $17.103 billion. Constant […]

AMC Tops Revenue Records, Eyes Stronger 2026 Growth As ‘Spider-Man’ Swings In

Movie theater company AMC Entertainment Holdings (NYSE:AMC) reported fourth-quarter financial results on Monday. Q4 Results: AMC reported fourth-quarter revenue of $1.288 billion, down 1.4% year-over-year. The revenue total beat the Street consensus estimate of $1.269 billion, according to Benzinga Pro data. The company reported an adjusted loss of 18 cents per share, in line with the Street estimate. […]

What’s Going on with Transocean Stock Friday?

Transocean Ltd. (NYSE:RIG) shares are trading lower premarket on Friday after the company reported mixed fourth-quarter fiscal 2025 results. The Details Transocean reported adjusted earnings of two cents per share, which missed the consensus estimate of earnings of eight cents per share. Quarterly revenue came in at $1.043 billion, which beat the analyst consensus estimate of $1.033 billion. Contract drilling revenues rose […]

‘Bitcoin Is a Bet on Trump’s Success, Gold A Bet on America’s Failure,’ Strategist Claims

Wellington-Altus Chief Market Strategist James Thorne argues buying Bitcoin (CRYPTO: BTC) means betting Trump’s economic reforms succeed, while buying gold is betting America fails—framing the two assets as opposing verdicts on the country’s future. The Two-America Thesis Thorne argued on X gold no longer functions as a simple inflation hedge. Rising gold demand reflects growing […]

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