Brinker International saw a significant stock drop of around 12% after reporting disappointing fourth-quarter earnings. The adjusted earnings per share fell short of expectations, leading to a weaker profit forecast for the full year. This indicates potential issues within the company’s operations and financial performance. On the other hand, Victoria’s Secret experienced a surge of
Platforms
When Republican presidential candidate Donald Trump was set to have an interview with billionaire entrepreneur Elon Musk on the social media platform X, things didn’t go as planned. The live stream faced technical difficulties right from the beginning, leaving many users unable to access it. Musk had to postpone the event due to a massive
The European Commission recently sent a warning to X Corp. owner Elon Musk and CEO Linda Yaccarino. The commission expressed concerns over the spread of illegal content, including incitements to violence and hate speech, on X’s social media platform. This warning could potentially lead to penalties and restrictions being imposed on the company in Europe.
Venezuelan President Nicolas Maduro recently issued a 10-day ban on a popular social networking platform, cutting off access for locals in response to a dispute with tech billionaire Elon Musk. This drastic measure was announced by Maduro in a televised speech where he accused Musk of violating the rules of the platform by inciting hatred,
The weekend box office is poised to be a truly special one, with an unexpected contender making waves in the industry. Colleen Hoover’s novel adaptation, “It Ends With Us,” has taken the box office by storm, and industry insiders are buzzing with excitement. The Blake Lively-starring film has already garnered an impressive $7M in previews,
E.l.f. Beauty’s recent quarterly performance has been impressive, with a 50% gain in sales in its fiscal first quarter. This comes after a remarkable 76% jump in the year-ago period. However, the company’s post-earnings conference call hinted at potential challenges ahead, as they anticipate higher container and transportation costs in FY25. Despite a 3.4% rise
Eli Lilly’s stock soared by 8% after surpassing second-quarter earnings and revenue expectations. The firm raised its full-year revenue outlook by $3 billion, driven by strong sales of key products such as Mounjaro and Zepbound. This indicates a positive trend for the company and reflects investor confidence in its performance. Under Armour witnessed a 19%
Elon Musk, the billionaire entrepreneur behind companies like X and Tesla, has been a subject of recent scrutiny in the U.K. According to Peter Kyle, the U.K.’s technology minister, Musk is “the one person who is accountable to no one” and holds the power to shape major world events, including the war between Russia and
Disney recently announced that it will be increasing the prices of its streaming platforms, including Disney+, Hulu, and ESPN+. The price hikes, ranging from $1 to $2 more per month, will take effect in mid-October. This decision comes as Disney continues to emphasize bundle packages to offer its customers more value for their money. The
The Summer Olympics in Paris have captured the attention of millions of viewers in the U.S. This year, the coverage has seen a significant boost in viewership, with a total audience delivery average of 34 million viewers over the first five days. One of the key factors contributing to the success of the coverage is
Meta, formerly known as Facebook, has been investing heavily in artificial intelligence (AI) with hopes of driving revenue growth in the future. The company’s CEO, Mark Zuckerberg, has been vocal about the positive impact AI has had on Meta’s performance in the digital advertising market. With the recent second-quarter earnings report showing better-than-expected results, it’s
Bill Ackman’s hedge fund, Pershing Square USA, recently withdrew its plans for an initial public offering due to what appeared to be a lack of investor demand. This decision came shortly after the fund announced its intention to raise $2 billion, a significant decrease from the previously speculated $25 billion. Despite the setback, Ackman expressed
The current earnings season has seen companies with disappointing quarterly results being punished more severely than usual. According to FactSet, second-quarter earnings misses have resulted in an average 3.8% decline for a stock from two days before the quarterly release through the two days after the report comes out. This is higher than the five-year
Global stocks edged up on Monday as investors brace for a week full of earnings reports and central bank meetings. This week could see the United States and the UK potentially opening the door to interest rate cuts, while Japan may take steps towards “normality” by raising borrowing costs. Oil prices also inched up due