News of New York

Ubisoft Stock Dips as Earnings Outlook Falls Short
16 May 2024
2695
Ubisoft's Bumpy Start Ubisoft Entertainment's shares plummeted following the release of disappointing guidance for the current quarter, signaling a sluggish start to the new fiscal year despite a strong finish in fiscal 2024. The stock price of Ubi...
Macau Momentum Drives MGM Stock Higher with Wall Street's Earnings Praise
2 May 2024
2846
MGM Resorts Surges in Q1 MGM Resorts International reported a strong first-quarter performance, with adjusted earnings of 74 cents per share, surpassing analysts' expectations of 56 cents per share. Net revenue grew up 13% to $4.4 billion, outp...
HSBC CEO Noel Quinn's Surprising Resignation After Nearly Five Years
30 April 2024
3037
Leadership Shake-Up at HSBC HSBC, Europe’s largest bank, has made headlines with the unexpected retirement announcement of Group Chief Executive Noel Quinn. This news coincides with the release of the bank's first-quarter financial results, re...
Hertz Surpasses EV Sales Target by 10,000 Units Despite Significant Loss
25 April 2024
2939
Hertz's Shocking Slide Hertz Global Holdings Inc. saw its shares continue their descent on Thursday, following the disclosure of its Q1 financial results. The results unveiled a larger-than-anticipated loss and an augmented strategy to divest its el...
Goldman Sachs Stock Skyrockets 3.7% Following Exceptional First-Quarter Earnings Beat
15 April 2024
2197
Goldman Sachs Shines Goldman Sachs Group Inc.’s stock surged by an impressive 3.7% in premarket trade on Monday, following a stellar first-quarter earnings report. The bank reported a remarkable net income of $3.93 billion, marking a...
Boeing Faces Shareholder Lawsuit After MAX 9 Crisis
1 February 2024
4296
Разгром 737 MAX Boeing , известный производитель самолетов, в настоящее время находится под пристальным вниманием из-за обвинений со стороны акционеров. Они утверждают, что компания поставила прибыль выше безопасности и ввела инвесторов в заблуждени...
UPS Cuts 12,000 Jobs, CEO Tomé Aims for $1B Savings Amid Shipping Slump
31 January 2024
4324
UPS Plunges United Parcel Service (UPS) recently announced a substantial workforce reduction in response to declining package volumes worldwide. CEO Carol Tomé highlighted this move during an earnings call, aiming to tackle financial challeng...
Abercrombie & Fitch's Outlook Soars with 20% Quarterly Sales Surge
21 November 2023
3451
Breaking Expectations Abercrombie and Fitch is on a triumphant rebound, defying industry slowdowns with a remarkable 20% surge in sales. This stellar performance, driven by a robust back-to-school shopping season and notable growth in both its flag...
Catherine  Wood's $2 Million Tesla Withdrawal Preceding Q3 Earnings
17 October 2023
4413
Price Wars and Profit Projections As we approach the eagerly anticipated date of October 18 for Tesla's (TSLA) third-quarter earnings report, the investor community is buzzing with a blend of optimism and concern. Let's delve into the key factors in...
Tesla's Stock Shock: Q3 Performance in Turmoil
4 October 2023
4434
Tesla's Shocking Q3 Performance Tesla, a leading electric vehicle (EV) company, faces stock market turbulence as it nears the Q3 2023 earnings report. Despite early September growth, TSLA stock has been consistently volatile, with Q3 deliveries fall...
Accenture's Fiscal 2024 Outlook: IT Spending Pressures Could Weaken Performance
28 September 2023
4100
Accenture's Forecast Falls Short In a recent announcement, IT services firm Accenture projected its full-year earnings and first-quarter revenue below Wall Street's expectations. This forecast signals potential challenges ahead due to the impact of ...
Negative Impact of Increasing Loan Rates on High-Risk Businesses
27 September 2023
4159
Financial Turmoil Two years ago, Petco secured a substantial $1.7 billion loan at a seemingly reasonable 3.5% interest rate. However, today, that rate has nearly doubled to around 9%, creating financial turmoil for the pet-products retail giant. A s...
Palo Alto Networks Surges on Friday Earnings Beat and Positive Outlook
21 August 2023
3633
Palo Alto Networks Shatters Expectations PANW experienced a significant pre-market trading boost after releasing its strong Q4 earnings report. The cybersecurity firm surpassed projections and raised its annual sales forecast. In the post-market re...
Adidas Yeezys Sales Soar to $437 Million in Q2 2023
3 August 2023
3604
Adidas' Yeezy Phenomenon Adidas, the sports apparel giant, reported impressive revenue of $437 million (€400 million) from the sale of Yeezy merchandise during the second quarter of 2023, according to the company's...
AT&T's Strong Recovery: Carrier Counters Lead Cable Risk Reports
19 July 2023
3853
AT&T Fights Back AT&T shares surged as the company defended itself in court against concerns regarding lead cables. The wireless carrier clarified that these cables make up a small fraction of its netw...
Stock Market Updates: Virgin Galactic Plummets, CarMax and Conformis Surge, and Other Active Stocks
23 June 2023
4042
The Ups and Downs of Stocks Get a quick snapshot of the stock market's top gainers and decliners in this concise update. Stay informed about the companies experiencing significant shifts in stock prices and understand the factors driving their perfo...
Nio Stock Plummets Following Significant Revenue Shortfall and Warning
9 June 2023
4058
Warning Signs for Nio Nio Inc., a prominent Chinese electric vehicle manufacturer, experienced a downturn in its U.S.-listed stocks on Friday after unveiling its first-quarter financial results. The company's revenue fell short of expectations prima...
Advance Auto Parts Inc. Plunges 30%: Disappointing Q1 Earnings and Reduced Dividend Shake Investors
31 May 2023
3584
Stock Meltdown Advance Auto Parts Inc., a top auto parts seller, saw its stock prices decline on Wednesday due to disappointing Q1 earnings, reduced dividend, and lowered full-year outlook amidst intense pricing competition. Stock Performance and T...
Dick's Sporting Goods Shatters Expectations: Q1 Earnings Surge Sparks Market Frenzy
23 May 2023
3940
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's Alarming Tech Demand Signal Sparks Stock Decline: What It Means for the Industry
18 May 2023
3828
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...
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Netflix
21 Mention
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