finance

The Latest

  • Disney Earnings Growth Beat Expectations, Signaling Strong Recovery
    DISNEY ON TOP
    The Walt Disney Company reported strong earnings for its first fiscal quarter, which is attributed to strong streaming revenues.
  • Peloton Moving To Cut Workforce And Replace CEO
    Amazon
    Peloton Interactive will replace John Foley with former Spotify and Netflix CFO Barry McCarthy, effective Wednesday.
  • Sequoia Capital Leads $450 Million Investment In Polygon Blockchain
    Polygon
    Sequoia Capital was joined by SoftBank, Galaxy Digital, and Tiger Global for the $450 million investment in Polygon.
  • Nvidia Abandons Plans To Acquire Arm Following Regulatory Actions
    ARM
    Nvidia is reportedly giving up on its plans to acquire Arm following significant pushback from regulators in the U.S. and the UK.
  • Frontier To Acquire Spirit To Create Fifth-Largest Airline In U.S.
    Spirit Airlines
    Spirit Airlines' stock price surged by more than 18.7% following the announcement of Frontier's merger plans.
  • Amazon, Nike Mulling Bid To Acquire Peloton, Stock Soars
    Peloton
    Peloton's stock price soared by nearly 30% after reports emerged that Amazon was considering an acquisition.
  • Amazon To Raise Prime Membership Prices Amid Inflation
    Amazon Prime
    Amazon will increase the annual membership rates from $119 per year to $139 per year.
  • Snap Reports First Quarterly Net Profit, Shares Surge
    Snap
    Snap's stock price surged by more than 62% after it reported its first-ever quarterly net profit.
  • Alphabet Closer To $2 Trillion Valuation As Stock Price Surges
    Google Alphabet
    At the end of trading Wednesday, Alphabet's market valuation surged to $1.97 trillion after briefly exceeding $2 trillion at its peak.
  • Starbucks Reports Slightly Lower Holiday Profits Amid Inflation
    Starbucks
    Starbucks said it may be forced to increase prices once again due to the surge in prices of materials and labor.
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