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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Why Paradium.AI Stock Skyrocketed: Inside the $1 Billion Deal and Complex Corporate Reunion

Shares of Paradium.AI Inc (NYSE:PAAI) skyrocketed Thursday after the company announced a 10-year, $1 billion agreement to migrate its media portfolio to RTB Digital Inc’s (NASDAQ:RTB) platform. Beyond the massive valuation, the deal also marks a full-circle corporate reunion for Roundtable CEO James Heckman. Here’s what investors need to know. Paradium.AI shares are powering higher. […]

Strategic Bitcoin Reserve Bill Heads to House Committee: What You Need to Know

H.R. 8957, the Strategic Bitcoin Reserve bill, heads to the House Financial Services Committee Wednesday for its first formal Congressional consideration. What the Bill Actually Does Bitcoin analyst Tim Kotzman laid out the key provisions in a thread on X Monday, calling the committee consideration “extraordinary” given where the conversation stood five years ago. The […]

Tungsten-Supplier Elmet Stock Rallies on Defense Funding – Here’s Why

The Elmet Group Co. (NASDAQ:ELMT) shares went up almost 48% during Monday’s premarket session. The company disclosed its plans to use part of the $450 million committed investment from the United States Department of Defense to boost tungsten supply chain and expand U.S. manufacturing units. Under the agreement, the funding will begin with a $200 […]

AI Demand Keeps Breaking Records at Taiwan Semiconductor

Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) said Thursday that August revenue jumped more than 53% from a year earlier, hitting a record monthly high as booming artificial intelligence demand continued to fuel growth. AI Demand Drives Record August Revenue Taiwan Semiconductor reported consolidated August revenue of about 514.81 billion New Taiwan dollars, up 53.3% year […]

From Burritos to Bulk Groceries: Uber Scales Delivery Reach with ShopRite Partner

Uber Technologies, Inc. (NYSE:UBER) announced Wednesday that it is expanding its grocery delivery footprint by adding more than 375 Wakefern Food Corp. supermarket locations to Uber Eats, strengthening its reach across the Northeast and giving customers more options for everyday purchases. Uber Adds More Than 375 Supermarkets Customers can now order from Wakefern banners including […]

Bitcoin Could Go to $232,000 or Even Higher, Advocate Touts: ‘Welcome to the Bull Market’

Bitcoin (CRYPTO: BTC) may be entering a two-to-three-year bull market after a a major shift in the market cycle, according to prominent Bitcoin advocate Jesse Myers. Is Bitcoin Repeating 2023? Myers said Friday that Bitcoin’s faster-than-expected move above the short-term holder cost basis strengthens his view that the $64,000 area marked a bottom. It echoes […]

Gary Black Says Tesla’s Sky-High Valuation Is a Reason to ‘Not Own It’ — But ‘Not a Reason to Short It’

The Future Fund Managing Partner Gary Black warns investors that Tesla Inc.’s (NASDAQ:TSLA) massive valuation offers a reason to “not own it,” but he firmly cautions that it is “not a reason to short it.” A Warning Against Shorting a ‘Visionary’ Automaker – Tesla While Black emphasized TSLA’s “significant manufacturing cost advantage,” he argued that […]

Lucid Stock in Focus Friday Following Major NHTSA Recall Announcement

Shares of Lucid Group Inc. (NASDAQ:LCID) are trading flat Friday morning as investors process a major vehicle recall. Here’s what investors need to know. Lucid Group stock is trading at depressed levels. What’s next for LCID stock? NHTSA Announces Recall Of Over 27,000 Lucid Air Vehicles Over Fire Risk Early activity on Friday is centered […]

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