When it comes to investing in the food industry, Domino’s Pizza (DPZ) stands out as a top pick according to Wall Street experts. Following a strong first-quarter performance, Deutsche Bank analyst Lauren Silberman reiterated a buy rating on DPZ stock with an increased price target of $580. Silberman highlighted the company’s impressive U.S. same-store sales
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SoftBank Group, a Japanese technology investor, is facing challenges as it is expected to report a net loss of 72 billion yen ($462.70 million) for the January-March quarter. This is a significant shift from the 985 billion yen net profit recorded in the previous three months. Despite the success of its core asset, Arm Holdings,
Semiconductor Manufacturing International Corporation (SMIC) recently issued a profit warning after its first-quarter earnings fell short of expectations. The company cited intense competition in the chip industry as a primary reason for the decline in profits. According to SMIC, the pricing for commodity products is heavily influenced by market trends, making it challenging for the
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Chinese electric vehicle manufacturer Zeekr has made headlines with its successful initial public offering (IPO), pricing its shares at $21 – the top end of its range. With the company set to sell 21 million American depository shares, it is expected to raise $441 million when it begins trading on the New York Stock Exchange
The Consumer Financial Protection Bureau’s regulation aimed at reducing late fees on credit cards is facing significant opposition from the card industry, led by the U.S. Chamber of Commerce. The industry sued the CFPB in federal court in an attempt to block the implementation of the new rule, which would cap late fees at $8
The potential merger of Sony and Apollo with Paramount Global has sparked discussions about the strategy the conglomerates might adopt if the deal goes through. One key aspect of their plan is to maintain a steady theatrical release output between both studios, without reducing it. This approach is aimed at ensuring a consistent flow of
AMC Entertainment is currently grappling with a significant financial challenge in the form of a $4.5 billion debt, with a large portion of it maturing in 2026. The company’s CEO, Adam Aron, recently addressed this issue during a post-earning conference call, revealing that AMC has been engaged in discussions with lenders for almost a year
Uber Technologies saw a significant drop of over 8% in response to mixed first-quarter results. While the company’s overall revenue surpassed expectations, reaching $10.13 billion, the loss of 32 cents per share was disappointing compared to the forecasted earnings of 23 cents per share. Reddit Shares of Reddit rose by approximately 3% following a report
The absence of a Marvel film to kick off the summer movie season for the first time since 2009 has raised concerns within the industry. The lack of a known franchise brand during the highly lucrative summer moviegoing season can have negative repercussions. This year, Universal’s “The Fall Guy” was the headline film for the
British neobank Monzo recently announced that it has secured an additional $190 million in funding, bringing its total fundraising for the year to an impressive $610 million. This latest round of funding included investments from notable new backers, such as Hedosophia and CapitalG, as well as participation from existing investors like Singaporean sovereign wealth fund
Oddity Tech, a newly public Israeli cosmetics platform, has defied expectations by exceeding first-quarter results. Using artificial intelligence to develop innovative beauty products, Oddity reported earnings per share of 61 cents compared to the expected 49 cents. Additionally, revenue reached $211.63 million, surpassing the projected $205 million. This remarkable performance showcases the company’s potential in
The Broadway scene in Spring 2024 saw an influx of new productions, with 18 debuting between mid-March and late April. However, the aftermath of this Broadway crunch is now showing early signs of the inevitable shake-out. One such example is the impending closure of the show Lempicka, with a few others already playing to houses
Palantir, the defense tech firm that specializes in big-data and artificial intelligence software, experienced a sharp decline in its shares following a report of weaker-than-expected guidance. The company’s earnings per share of 8 cents adjusted fell short of the 8 cents expected, while revenues of $634 million were slightly below the $625 million anticipated by