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

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 […]

Rio Tinto’s Cash Gusher Fuels Biggest Dividend Boost in Years

Rio Tinto Plc (NYSE:RIO) stock rose Wednesday after the mining giant reported mixed first-half 2026 results, with earnings meeting Wall Street expectations while revenue missed estimates. Adjusted earnings were $4.21 per share, in line with analyst expectations. Revenue totaled $31.03 billion, below the consensus estimate of $32.03 billion. Cash Flow And Shareholder Returns Operating cash […]

Tech talk