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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Investors Poured Billions Into Bitcoin And Ethereum Even As Iran-Israel Tensions Escalated

Digital asset investment products defied global turbulence last week, raking in $1.24 billion in fresh inflows—marking a tenth straight week of gains—even as crypto prices dipped and geopolitical tensions surged. Bitcoin (CRYPTO: BTC) fell below $100,000 over the weekend, while the second-largest crypto by market cap, Ethereum (CRYPTO: ETH), fell below $2,150 after the U.S. […]

Bitcoin, Ethereum, XRP, Dogecoin Hold Steady: No Top In Sight, ‘Plenty Of Room To Grow’

The crypto market remains stable with a bullish undertone, driven by continued institutional accumulation, strategic Bitcoin reserve initiatives from the U.S. and El Salvador, and the impact of an upcoming Bitcoin options expiry, which is providing upward price pressure. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $106,035.22 +1% Ethereum (CRYPTO: ETH) $2,552.86 +0.8% Solana (CRYPTO: […]

Bitcoin, Ethereum, XRP, Dogecoin Extend Slide Ahead Of FOMC – ‘Volatility Incoming’

Cryptocurrencies are trading lower for a second straight session as escalating Iran-Israel tensions and cautious anticipation around the upcoming Federal Open Market Committee (FOMC) meeting pressure investor sentiment across global markets. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $104,397.09 -1.4% Ethereum (CRYPTO: ETH) $2,499.56 -2% Solana (CRYPTO: SOL) $145.94 -3.3% XRP (CRYPTO: XRP) $2.13 -3.4% […]

Eli Lilly Launches Flat Pricing For Zepbound, Capping Monthly Cost At $499

Eli Lilly And Co (NYSE:LLY) announced on Monday that the highest approved doses of Zepbound (tirzepatide)—12.5 mg and 15 mg—would soon be available in single-dose vials for $499 per month through LillyDirect’s Self Pay Pharmacy Solutions and the Zepbound Self Pay Journey Program. Healthcare providers can begin prescribing the 12.5 mg and 15 mg vials on July 7; […]

‘People Will Flee’ To Bitcoin: Coinbase CEO Sees End Of Fiat Era Coming

Coinbase (NASDAQ:COIN) CEO Brian Armstrong said Bitcoin (CRYPTO: BTC) may emerge as the world’s new reserve currency, pointing to mounting global deficits and rising economic uncertainty as catalysts for a shift away from fiat systems. Armstrong said that Bitcoin could evolve into the world’s reserve currency, offering a store of value as governments continue to […]

Tesla Stock Rally Continues As Share Value Gains Amid Easing Tensions Between Trump And Elon Musk

Shares of Elon Musk’s EV giant Tesla Inc. (NASDAQ:TSLA) continue to rise amid easing tensions between U.S. President Donald Trump and Musk. What Happened: TSLA stock gained over 2.02% in Pre-Market trading on Wednesday and is now much closer to where it was before the falling out between Musk and Trump. The stock also gained […]

Why Circle Internet Group Shares Are Trading Higher By Around 18%; Here Are 20 Stocks Moving

Shares of Circle Internet Group (NYSE:CRCL) rose sharply in today’s pre-market trading on continued IPO launch strength. Circle Internet Group, the issuer of the USDC stablecoin, made a powerful public debut last week, with shares surging more than 29% on Friday following Thursday’s IPO. The stock opened at $69, more than double its $31 IPO […]

Cramer Says He’s ‘Not Going To Really Want To Do A Lot Of China Right Now’

On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended buying RELX PLC (NYSE:RELX). Supporting his view, Barclays analyst Julien Roch, on March 14, upgraded RELX from Equal-Weight to Overweight. “I personally would not own Altria (NYSE:MO),” Cramer said. On the earnings front, the company reported a first-quarter FY25 sales decline of 5.7% year-on-year to $5.26 […]

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