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

Read Article

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

Read Article

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

Read Article

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

Read Article

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

Read Article

Uber, Spotify, AppLovin and a Key Tech Stock on CNBC’s ‘Final Trades’

On CNBC’s “Halftime Report Final Trades,” Malcolm Ethridge, managing partner at Capital Area Planning Group, said it’s a great time to buy Spotify Technology S.A. (NYSE:SPOT) stock. Supporting his view, Spotify reported on Feb. 10 its fourth-quarter 2025 results. The music and podcast streaming platform exceeded Wall Street expectations with quarterly earnings of $5.16 per […]

Peraso Stock Cools Off After 151% Drone Defense Contract-Driven Rally

Peraso Inc. (NASDAQ:PRSO) drops premarket on Monday after surging 151.66% Friday on a drone identification system selection. Nasdaq futures are down 1.09%. S&P 500 futures have shed 1.13%. What Triggered Friday’s 151.66% Rally The catalyst was a major contract announcement. Peraso’s 60 gigahertz mmWave technology was selected for a next-generation drone identification system. Israeli defense […]

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. […]

Tech talk