Amid the market realities, the marketing department at Nike noted that the low patronage of Foot Locker could be weighing on the sneaker giant’s shares.
Peloton sales and subscriber growth fell in Q4 2023 as expected, due to a traditional Q4 slowdown and a recall that affected 2 million bikes.
AMC announced in August that it plans to issue 517 million shares of preferred stock, under the ticker symbol APE to raise more funds and counter its debts.
Covid vaccine stocks, including Moderna, BioNTech, and Novavax have all closed higher as new vaccinations and treatments roll out.
Zoom announced that its Q2 revenue came in at about $1.138 billion, up 3.6 percent YoY.
US financial giants witnessed their shares slide as credit rating downgrades cast a shadow over the sector.
Despite the favorable revenue surprise, Home Depot saw a moderated fiscal year earnings projection implying that the corporation remains cautious about the road ahead.
In the heart of the rapidly evolving EV market in the United States, the Vietnamese automaker is confidently carving out its niche.
Morgan Stanley analysts find a strong visibility for Nvidia for the next 3-4 quarters amid the AI boom.
Following the release of the earnings report, Disney stock declined by 0.73% to close at $87.49. After hours, Disney shares added 2.24%. Year-to-date, Disney stock is 0.70% up.
Riot Platforms reported total revenue of about $76.7 million and hit a new high hash rate at about 10.7 EH/s in Q2 2023.
Following to the progress achieved in Q2, Rivian is expecting to raise its previous full-year production guidance from 50,000 units to 52,000 units.
Eli Lilly’s success can be ascribed in part to its promising medical pipeline and strategic acquisitions.
US equity market remains upbeat and optimistic ahead of the CPI data release for the month of July 2023.
Lucid announced revenue of $150.9 million in Q2 2023 driven by customer deliveries of 1,404 electric vehicles.