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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Dell Stock Gains as Super Micro, Lenovo Beat Expectations

Dell Technologies Inc. (NYSE:DELL) shares are trading higher Thursday, touching a new all-time high, as strength across the server hardware sector lifts the stock following upbeat results this week from Super Micro Computer and Lenovo. Dell Technologies shares are testing new highs. Why are DELL shares at highs? Super Micro’s Earnings Beat Sets the Tone […]

Neocloud Stocks Catch Fire As CoreWeave Doubles Revenue

Neocloud stocks are rallying Wednesday after a pair of blowout earnings reports from sector leaders CoreWeave Inc. (NASDAQ:CRWV) and Nebius Group N.V. (NASDAQ:NBIS) reinforced the scale of AI infrastructure demand. CRWV stock is racing higher. See the real-time price action here. CoreWeave posted second-quarter revenue of $2.58 billion late Tuesday, up 112% year-over-year and ahead […]

Weekend Round-Up: Uber’s Earnings Dip, Ford’s New EV, Lyft’s Mixed Results, Joby Aviation’s Revenue Surge And Lucid’s Q2 Miss

This week was a rollercoaster ride for the market, with major companies like Uber Technologies, Ford Motor, Lyft, Joby Aviation and Lucid Group making headlines. From earnings misses to new product launches, here’s a quick recap of the top stories. Uber’s Earnings Fall Short Despite a 12% year-over-year increase in revenue to $14.19 billion, Uber’s earnings fell slightly short of the […]

This HubSpot Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Canaccord Genuity analyst David Hynes downgraded Commerce.Com Inc (NASDAQ:CMRC) from Buy to Hold and cut the price target from $6 to $3. Commerce.com closed […]

Upstart Shows Record Loan Origination Growth, Stock Soars

Upstart Holdings, Inc. (NASDAQ:UPST) shares are trading higher after the company reported better-than-expected second-quarter sales results. Adjusted EPS of 56 cents exceeded the analyst expectations of 53 cents. Revenue of $364.7 million increased 42% Y/Y and 18% Q/Q, surpassing estimates of $351.5 million, driven by higher loan originations and stronger fee revenue. Fee revenue totaled […]

Lattice Semiconductor Analysts Raise Their Forecasts Following Strong Q2 Earnings

Lattice Semiconductor Corp (NASDAQ:LSCC) on Tuesday posted better-than-expected second-quarter results. The company reported quarterly earnings of 53 cents per share which beat the analyst consensus estimate of 44 cents per share. The company reported quarterly sales of $201.079 million which beat the analyst consensus estimate of $185.451 million. Lattice Semiconductor said it sees third-quarter adjusted […]

This Week in Tesla: Elon Musk Dismisses China ‘Fake News,’ Concerns Over Tesla Valuation and More

Tesla Inc. (NASDAQ:TSLA) and CEO Elon Musk were in the headlines once again as rumors about a possible sale of its Chinese business, as well as questions about the company’s valuation, captured the news cycle. Here’s a quick recap of this week’s major events. Elon Musk Dismisses Rumors of Tesla’s Chinese Business Sale Musk dismissed […]

Crude Oil Gains 1%; Apple Shares Tumble After Q3 Results

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 200 points on Friday. The Dow traded up 0.38% to 52,406.69 while the NASDAQ rose 0.25% to 25,184.43. The S&P 500 also rose, gaining, 0.22% to 7,453.96. Leading and Lagging Sectors Consumer discretionary shares jumped by 5.6% on Friday. In trading […]

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