Macy’s, a department store giant, recently announced that its board has decided to terminate negotiations with Arkhouse and Brigade, an activist group that was in talks to take the retailer private for $6.9 billion. The reason cited for this decision was the lack of certainty of financing and the failure to deliver compelling value. Despite
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RBC Capital analysts are expressing caution in light of the weak CPI print from last week. They believe that this could have negative implications for stocks moving forward. The upcoming 2Q24 reporting season is seen as a critical test for the market, especially in relation to the rotation trade that appeared to gain traction in
In a surprising turn of events, A24’s drama Sing Sing, featuring Colman Domingo, has made its mark as the third highest limited opening film of the year. The film, set against the backdrop of the Sing Sing Correctional Facility, grossed an impressive $137,119 on just four screens, resulting in a per screen average of $34.3k.
In the world of investing, dividend-paying stocks can be a valuable asset to enhance your portfolio returns, especially during uncertain and shaky markets. One such dividend stock that has caught the attention of Wall Street experts is Northern Oil and Gas (NOG). This company is involved in the acquisition, exploration, and production of oil and
As China’s highly anticipated “Third Plenum” gets underway, there are dire predictions regarding the constraining of the financial sector, especially in light of the country’s slowing economic growth. The focus is shifting towards reinforced support for high-tech and manufacturing, areas that are expected to see continued success in the coming years. It is believed that
The Despicable Me/Minions franchise has once again proved its dominance in the global box office with the release of Despicable Me 4. The latest installment has helped the franchise surpass the $5 billion mark, making it the first animated franchise ever to achieve this milestone. With an estimated $136 million in its second weekend, the
Amazon, as one of the largest e-commerce platforms globally, has always been known for its competitive pricing strategies. However, a recent incident involving Brandon Fishman and Mason Arnold sheds light on the downside of Amazon’s automated pricing algorithms. The story revolves around a discount promotion at Target that inadvertently led to a loss of the
Smith & Nephew is a reputable British medical technology company that has a global presence in the industry. The company specializes in developing, manufacturing, marketing, and selling medical devices and services across various segments, including Orthopedics, Sports Medicine, and Ear, Nose, and Throat (ENT), as well as Advanced Wound Management. Despite its strong market position
The landscape of the electric vehicle (EV) market is constantly evolving, with new players entering the scene and existing ones striving to maintain their competitive edge. South Korean EV battery maker SK On, a unit of energy group SK Innovation, is facing challenges amid slowing global EV demand. In an effort to adapt to the
The prospect of impending U.S. interest rate cuts is causing a stir among investors, who now find themselves at a crossroads. The dilemma they face is whether to maintain their allegiance to the stalwart Big Tech stocks that have been the backbone of market returns for an extended period, or to pivot towards lesser-loved sectors
SpaceX’s Falcon 9 rocket recently faced an unexpected setback, leading to the grounding of the vehicle pending an incident investigation. The incident occurred during the “Starlink Group 9-3” mission, where the rocket was supposed to launch 20 satellites into low Earth orbit. While the lower first stage of the rocket performed as expected, the upper
The official trailer for Paramount’s Gladiator II has taken the internet by storm, garnering an impressive 128M views in the first 24 hours across various platforms such as Instagram, TikTok, Facebook, YouTube, and more. This outpaced the 24-hour post trailer debut traffic of the studio’s own Top Gun: Maverick, which previously held the record with
Samsung is making a concerted effort to tailor its artificial intelligence features, known as Galaxy AI, specifically for the Chinese market. With the rise of local players dominating the smartphone industry in China, Samsung is looking to regain its market share by introducing innovative AI capabilities in its devices. In recent years, Samsung has faced
Elon Musk’s brain tech startup, Neuralink, has been making waves in the field of brain-computer interfaces (BCIs). Recently, Musk announced that the company hopes to implant its system in a second human patient within the next week. However, after encountering hardware problems with their first participant, the company is striving to make necessary changes to