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Business

STMicroelectronics Gains 2 percent Despite Q1 Miss & Guidance Cut

STMicroelectronics (NYSE:STM) lowered its fiscal 2024 sales forecast following a drop in first-quarter revenue and net profit, yet its shares saw a more than...

Ford Shares Rise 3 percent Following Q1 Results

Ford Motor (NYSE:F) shares climbed over 3% pre-market today following the announcement of fiscal Q1/24 earnings that surpassed expectations, although revenue slightly missed projections. The...

Gamers have filed an antitrust lawsuit against Microsoft over the Activision Blizzard over  $69 billion acquisition.

Gamers have filed an antitrust lawsuit against Microsoft in connection with the Activision Blizzard acquisition of $69 billion. Video game players are suing Microsoft...

Sam Bankman-Fried, the founder of FTX, released on bail of $250 million to live with parents in cushy Palo Alto, Ca home.

A New York judge today released shamed crypto entrepreneur Sam Bankman-Fried on $250 million bail. Federal prosecutors said that Bankman-Fried’s bond was “the highest...

US Senator Introduces Bill to Create Federal Regulatory Framework for Payment Stablecoins

A bill has been introduced by a US Senator that aims to create the first federal regulatory framework for payment stablecoins. The legislation, called...

Jefferies Financial’s Upcoming Q4 Results Preview

Oppenheimer analysts provided their outlook on Jefferies Financial Group Inc. (NYSE:JEF) ahead of the upcoming Q4 results, scheduled to be announced on Jan 9. While...

Murphy USA Initiated at Sector Perform and $360 Price Target

RBC Capital initiated coverage on Murphy USA Inc. (NYSE:MUSA) with a Sector Perform rating and a $360 price target. In the analysts’ view, the...

Aptiv Price Target Lowered to $115 From $120

RBC Capital analysts lowered their price target on Aptiv PLC (NYSE:APTV) to $115 from $120, noting that it is their favorite supplier for 2023...

Cintas Reports Q2 Beat, Provides Guidance

Cintas Corp. (NASDAQ:CTAS) reported its Q2 results, with EPS of $3.12 coming in better than the Street estimate of $3.03. Revenue was $2.17 billion,...

Micron Technology Shares Down 3 percent Following Q1 Miss

Micron Technology (NASDAQ:MU) shares dropped more than 3% on Thursday following the company’s reported Q1 results, with EPS of ($0.04) coming in worse than...

Life-threatening cold will consume much of USA as thousands of flights cancelled impacting holiday travel.

250 Million Americans are under a severe weather alert. Wind chill warnings, watches and advisories currently extend from the Northwest to as far south...

NFL Sunday Ticket is leaving DirecTV and moving to YouTube TV in a $2.5 Billion Deal

NFL Sunday Ticket is leaving DirecTV and moving to YouTube TV in a $2.5 Billion Deal The NFL as the Sunday Ticket has been available...

HEICO Corporation Shares Gain 5 percent Following Q4 Results

HEICO Corporation (NYSE:HEI) shares rose more than 5% since the company’s reported Q4 results on Monday, with EPS of $0.70 coming in better than...

FedEx Shares Gain 3 percent on Q2 EPS Beat, While Revenues Miss

FedEx (NYSE:FDX) shares gained more than 3% yesterday following the company’s reported Q2 results, with EPS of $3.18 coming in better than the Street...

FTX Update: SBF to appear before U.S. court, Ellison and Wang plead guilty

After the collapse of crypto exchange FTX last month, former CEO Sam Bankman-Fried has been charged for the theft of billions of dollars that...

AAR Reports Better Than Expected Q2 Results

AAR Corp. (NYSE:AIR) reported its Q2 results, with EPS of $0.69 coming in better than the Street estimate of $0.68. Revenue was $470 million,...

Signature Bank’s Price Target Lowered to $137 From $205

Deutsche Bank lowered its price target on Signature Bank (NASDAQ:SBNY) to $137 from $205 while maintaining its Buy rating. This has been a challenging year...

FactSet Reports Q1 EPS Beat, While Revenues Miss Expectations

FactSet (NYSE:FDS) reported its Q1 results, with EPS of $3.99 coming in better than the Street estimate of $3.62. Revenue was $504.8 million, missing...

Nike Shares Surge 13 percent on Q2 Beat

Nike (NYSE:NKE) shares were trading more than 13% higher today following the company’s reported Q2 results, with EPS of $0.85 coming in better than...

Gender Discrimination Lawsuit Filed Against Nike, Execs Allegedly Engage in Sex Acts with Subordinates

According to an unsealed gender discrimination lawsuit against multinational footwear corporation Nike, executives at a well-known fashion brand's US office would get "sloppy drunk"...

Tesla Price Target Cut to $270 Ahead of Q4 Deliveries Announcement

Deutsche Bank analysts lowered their price target on Tesla, Inc. (NASDAQ:TSLA) to $270 from $355 ahead of the company’s upcoming Q4 deliveries and production...

General Mills Shares Drop 4 percent Despite Q2 Beat

General Mills (NYSE:GIS) shares dropped more than 4% yesterday despite the company's reported solid Q2 results, with EPS of $1.10 coming in better than...

Bitcoin’s “Warm Spell” Will Arrive with US Federal Reserve Easing

According to Mike McGlone, a senior commodity analyst at Bloomberg Intelligence, the outlook for bitcoin markets is looking positive. In a recent tweet, McGlone...

Madrigal Pharmaceuticals Shares Surge 268 percent on Positive NASH Breakthrough

Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL) shares surged more than 268% on Monday after the company announced positive topline results for Ph3 MAESTRO-NASH trial of resmetirom...

What to Expect From SMART Global’s Upcoming Q1 Results?

Deutsche Bank provided their outlook on SMART Global Holdings, Inc. (NASDAQ:SGH) ahead of the upcoming Q1 results, expecting the company to report Q1 results...

Oppenheimer Reiterates Bullish Stance on Netflix

Oppenheimer analysts reiterated their Outperform rating and $365 price target on Netflix, Inc. (NASDAQ:NFLX) in response to Digiday's article, according to which Netflix lets...

New British banknotes featuring portrait of his Majesty King Charles III

The Bank of England released images of the first bank notes featuring King Charles III's portrait on Tuesday. The new notes will be issued...

Walmart announces Blowout last minute Christmas sale from brands like Apple, Xbox, Meta Quest, Lego, Disney, Fisher-Price and much more

Walmart the world largest retailer is also giving shoppers $10 off their first three in store pick up or same day delivery orders made...

State Farm is alleged to make it more difficult for Black policy holders to receive claims compensation.

On Wednesday morning, black homeowner's insurance policyholders filed a federal class action lawsuit against State Farm, claiming the multibillion-dollar firm scrutinizes their claims more...

Wells Fargo to Pay $3.7 Billion for Massive Auto Loans, Mortgages, and Deposit Accounts Mismanagement and Deception

The(CFPB) has ordered Wells Fargo Bank   to pay more than $2 billion in consumer redress and a $1.7 billion civil penalty for breaking...

Elon Musk Should Step Down as Twitter CEO Following Poll Result

Elon Musk, the CEO of Tesla, recently created a poll on Twitter asking his 122.3 million followers whether he should resign as head of...

Micron Technology’s Upcoming Q1 Results Preview

Wedbush analysts provided their outlook on Micron Technology, Inc. (NASDAQ:MU) ahead of the upcoming Q1 results, noting that it appeared that the company had...

BlackBerry’s Upcoming Q3 Results Preview

RBC Capital analysts provided their outlook on BlackBerry Limited (NASDAQ:BB) ahead of the upcoming Q3 results, expected to be announced tomorrow. The company is still...

Centene Corporation’s Investor Day Review

Oppenheimer analysts provided a review on Centene Corporation (NYSE:CNC) following the company’s Investor Day, where it provided its fiscal 2023 guidance ($6.25-$6.40 vs Street’s...

What to Expect From General Mills’ Upcoming Q2 Report?

RBC Capital analysts provided their outlook on General Mills, Inc. (NYSE:GIS) ahead of the upcoming Q2 earnings report. The analysts expect strong pricing to...

Tesla downgraded to Perform at Oppenheimer

Oppenheimer analysts downgraded Tesla, Inc. (NASDAQ:TSLA) to perform from outperform and removed the $436 price target. Although the analysts have previously tried to separate...

Elon Musk Initiated Twitter Poll, Majority Favor Him Stepping Down as Chief

On Sunday, Musk asked Twitter users and his 122 million followers whether he should step down as the head of the company, promising to...

Epic Games, the company behind Fortnite, will pay a record-breaking $520 million to the FTC.

The publisher and developer of the computer game Fornite, Epic Games, has agreed to pay the FTC $520 million as part of a settlement...

Celebrity Sofia Vergara wears pink to promote clothing brand with Walmart, fans comment

Although Celebrity Sofia Vergara is still remembered very fondly for her role in Modern Family, the enterprising entrepreneur has been promoting her different brands...

Twitter Users Vote in Favor of Musk  to Exit as CEO As He Block Competitors

When a poll asking if Twitter CEO Elon Musk should resign was closed on Monday, more than half of the 17.5 million participants responded...

Yum! Brands 2022 Investor Day Review

RBC Capital analysts provided their views on Yum! Brands, Inc. (NYSE:YUM) following the company’s 2022 Investor Day, which largely met their expectations, particularly around...

SEC Chairman on the Importance of Regulating Crypto Issuers and Intermediaries

SEC Chairman Gary Gensler discussed the regulation of cryptocurrencies during his remarks at the U.S. Treasury Department's Financial Stability Oversight Council (FSOC) on Friday....

Core & Main Reports Better Than Expected Q4 Results

Core & Main, Inc (NYSE: CNM) reported its Q4 results, with EPS of $0.65 coming in better than the Street estimate of $0.55. Revenue...

Mercury Systems Downgraded to Sector Perform at RBC Capital

RBC Capital analysts downgraded Mercury Systems, Inc. (NASDAQ:MRCY) to Sector Perform from Outperform and lowered their price target to $54 from $66. Looking ahead...

Cintas Corporation’s Upcoming Q2 Results Preview

Deutsche Bank analysts provided their outlook on Cintas Corporation (NASDAQ:CTAS) ahead of the company’s Q2 earnings, scheduled to be reported on Dec 21. Following the...

Adobe Systems Reports Q4 EPS Beat, Shares Up 3 percent

Adobe Systems (NASDAQ:ADBE) shares closed nearly 3% higher on Friday following the company’s reported Q4 results, with EPS of $3.60 coming in better than...

Pornhub has been BANNED on YouTube for’multiple violations’ of its community guidelines

Pornhub has been banned from YouTube - three days after TikTok booted the company over child pornography allegations The Google-owned company said it terminated the...

Google Presents End-To-End Encryption for Gmail Web for Google Workspace and Education Customers

Encryption may appear to be a subject best left to hackers and tinfoil hat wearers, but one should not be fooled: it's an important...

Former FTX CEO SBF not to appeal extradition to US, reports say

Former FTX CEO Sam Bankman-Fried might not appeal his extradition to the United States, according to sources, who spoke to different outlets. The former...

Starbucks employees are conducting a three-day strike at 100 locations.

Starbucks employees are conducting a three-day strike at 100 locations. Workers at 100 unionized Starbucks outlets on strike today to protest the company's failure...
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