Cineworld's Battle for Survival
Cineworld, the world's second-largest cinema chain, aims to exit bankruptcy protection in July. The company, listed on the London Stock Exchange, has gained further support from lenders for its restructuring plan afte...
Record-breaking Quarter
Dick's Sporting Goods (NYSE: DKS) witnessed a surge in premarket trading on Tuesday after releasing its outstanding Q1 earnings results, which surpassed analysts' expectations.
Maximizing Financial Performance
Adjusted EP...
Cisco beats expectations
Cisco, the networking giant, exceeded expectations in its fiscal third-quarter results, reporting a revenue of $14.6 billion, a 14% YoY growth. The company's GAAP gross margins improved to 63.4%, reinforcing confidence in ra...
Musk's definitive statement
At Tesla's annual shareholder meeting in Austin, Texas, CEO Elon Musk acknowledged the company's vulnerability to the global economy and provided insights into the challenges it may face over the next 12 months.
Rumor Cl...
Investor alert
Wells Fargo settles $1B class action lawsuit over mishandling of phony account scandal, ending a decade-long fallout.
Key Facts
Preliminary settlement: The $1 billion settlement figure was reported by the Wa...
Beyond the commute
US mass transit is in crisis due to the pandemic and remote work, with smaller systems recovering quickly while larger ones like WMATA and BART struggle to survive.
Financial Peril
In the age of remote work, transit systems stru...
The two-fаced campaign
Introduce Vivek Ramaswamy and his campaign message urging companies to stay out of politics.
However, private emails obtained by watchdog Documented and reviewed by CNBC reveal that Strive Asset Management, the asset manageme...
Disney's streaming woes continue
Disney's streaming service, Disney+, lost 4 million or 2% paid subscribers in Q2 FY23, ending the quarter with 157.8 million users.
The decline was mainly due t...
Adidas' path to recovery
Adidas AG is grappling with a mountain of unsold Yeezy sneakers and apparel worth €1.2 billion, stemming from a cancelled collaboration with rapper and designer Ye, formerly known as Kanye West.
The German sneaker make...
Revolutionizing trading
Entrepreneur Yat Siu's CoinDesk article highlights the significance of decentralization and open-source innovation, particularly in the context of blockchain protocols. These are seen as essential com...
Lyft unveils restructuring strategy
Lyft, the ride-hailing service, has been struggling with mounting losses and a sagging stock price, prompting its co-founder Logan Green to step down as CEO. In his place, David ...
ServiceNow makes history
ServiceNow, the enterprise software company founded in 2003, reported its first $2 billion quarter and raised its full-year guidance for subscription sales. The company's fis...
Investors take note
The oil and gas industry is facing challenges in 2023, with falling earnings for most companies despite the relatively high price of oil at around $80 per barrel. Natural gas prices have fallen drama...
ESPN announces cost-cutting measures
ESPN has begun employee layoffs, targeting lower-tier roles. The network plans to continue the process through Wednesday, with further cuts expected as part of a restructuring plan. ...
Bud Light faces backlash over transgender partnership
Transgender influencer Dylan Mulvaney, with 10.8 million TikTok followers, has been silent for 16 days due to backlash over her partnership with ...
Proxy battle erupts
Carl Icahn accused Illumina's board of ignoring shareholder questions and being evasive due to their reliance on big shareholders for protection.
Illumina is a biotechnology company that provides tools for genetic analysis. The ...
Ben and Jerry's first-ever union election
Workers at Ben and Jerry's flagship ice cream shop in Burlington, Vt., are filing for a union election on Monday. If successful, they will become the first of the company's U.S. locations to unionize. The mo...
Intel's new move
Intel has recently announced an agreement with Arm that will make Intel a viable manufacturing option for any Arm-based chip designer. This is a significant move, given that Arm-based chips cu...
Trump's Truth Social flop
Former President Donald J. Trump recently released a personal financial disclosure to the FEC, providing the public with insight into his post-presidential business dealings.
Wh...
Broadcom's VMware takeover
The $61 billion acquisition of VMware by Broadcom is currently under investigation by the European Commission and the Competition and Markets Authority in the UK. The deal has raised concerns ...
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