GameStop recently announced plans to sell 45 million common shares of its stock, causing the share price to drop by more than 20%. In addition to the stock offering, the video game retailer also reported a sales decline in the first quarter. These developments have contributed to the volatility in GameStop's stock price. On a
Sales
Tesla, the electric-vehicle maker, recently revealed that it is cutting approximately 600 more employees across its manufacturing facilities and engineering offices in Fremont and Palo Alto as part of a major restructuring effort. The latest round of layoffs spanned various departments and roles, impacting factory workers, software developers, and robotics engineers. This move comes in
Imax is gearing up for its largest “filmed for Imax” slate in 2025, with at least 14 titles currently in production using Imax film or Imax-certified digital cameras. This represents a significant increase from previous years, showcasing the growing interest from Hollywood and international filmmakers in creating content specifically for the Imax platform. Despite Imax
Walmart has recently shown exceptional performance, surpassing quarterly earnings and revenue expectations with its innovative strategies. The retail giant's success can be attributed to its significant e-commerce gains, profit-driving businesses such as advertising, and its ability to attract more high-income shoppers. The company has now revised its full-year guidance, aiming to exceed its initial projections
Investing in Western-style denim stocks may provide a boost to your portfolio, according to analysts at TD Cowen. The jean-fabric category has been identified as a strong performer that is expected to maintain its momentum through at least the end of 2024. Among the key players in this trend are Boot Barn, Levi Strauss, and
The U.S. stock index futures market showed relative stability on Wednesday, with minimal fluctuations in key indices such as the Dow Jones, S&P 500, and Nasdaq 100. Despite the calm trading environment, investors were eagerly awaiting the release of the monthly consumer price index (CPI) to gain insights into the Federal Reserve's future monetary policy
The sudden surge in meme stocks like GameStop and AMC, with increases of over 65% and 70% respectively, raises concerns about market volatility. The return of “Roaring Kitty” after three years triggered the latest frenzy, showcasing the power of online influencers in driving stock prices. However, the sustainability of these gains remains questionable, as such
Novavax experienced a substantial surge in its stock price of up to 50% following the announcement of a groundbreaking multibillion-dollar deal with French pharmaceutical giant Sanofi. This deal marked a pivotal moment for the struggling vaccine maker, with its stock nearly doubling after the licensing agreement with Sanofi was made public. The Deal Details Under
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
The restaurant industry has been facing a period of sales slump and declining traffic due to a broader consumer slowdown. However, there are a few outliers in the industry that have managed to report strong sales this quarter. Chipotle Mexican Grill, Wingstop, and Sweetgreen are some of the brands that have seen an increase in
McDonald's is reportedly in the process of rolling out a value meal option in U.S. locations as a response to the increasingly challenging environment for consumers. With mentions of low-income consumers on the rise during company earnings calls, it is evident that people are starting to cut back on their spending habits, particularly in the
Moderna announced on Friday that the Food and Drug Administration has postponed the approval of its respiratory syncytial virus (RSV) vaccine to the end of May due to what they described as “administrative constraints” within the agency. The decision, which was anticipated to be made on Sunday, has left investors on edge as they await
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 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