On Holding ( NYSE:ONON ), the parent company of On Running, has reported earnings of 36 cents per share, more than doubling from the 17 cents reported last year. Revenue jumped nearly 20% to a record $561 million, although sales growth slowed for the fifth quarter in a row. FactSet analysts expected adjusted earnings to tick down 2 cents to 15 cents per share....
Reddit shares ( NYSE:RDDT ) closed at $62.34, marking its second-highest close since its IPO in March. The rally began on Monday when Keith Gill, the man who inspired the meme stock mania of 2021, resurfaced online, sending shares of GameStop and AMC soaring. Gill shared a picture on X that showed a video gamer sitting forward on a chair, which is often used by...
Oracle Corp. ( NYSE:ORCL ) is close to a $10 billion cloud contract with Elon Musk's artificial intelligence startup, xAI. Oracle Chairman Larry Ellison announced last September that the company had a deal to provide cloud infrastructure to xAI to train artificial intelligence models. The talks are ongoing and there is no guarantee that the two companies will...
Payoneer Global Inc ( NASDAQ:PAYO ) reported a 19% year-over-year increase in total revenue, with a record 29% adjusted EBITDA margin. The company also experienced a significant increase in volume growth, with a 21% increase in Q1. B2B volume growth was 33% in Q1, a significant increase from 13% in the previous quarter. Free cash flow conversion was well above...
Beyond Meat (NASDAQ:BYND) stock is experiencing a rally on Tuesday, with investors hoping for a squeeze on the meat-alternative company's shares. With 25,356,827 shares shorted, that's roughly 40.97% of the company's float, NASDAQ:BYND has an outstanding short interest position of over 40% of the total float. This could be a sign that traders have added ...
The U.S. Department of Energy has announced a conditional loan guarantee of up to $1.66 billion for Plug Power Inc, ( NASDAQ:PLUG ) aimed at facilitating the construction of up to six clean hydrogen production plants. The produced hydrogen is intended for use in fuel cell-electric vehicles for material handling, transportation, and heavy industry. The initiative...
Jack in the Box Inc. ( NASDAQ:JACK ) reported Q2 2024 earnings, with same-store sales of 2.5% and Del Taco same-store sales of 1.4%. Systemwide sales were 1.6% and 1.3% respectively. The company's EPS was $1.26, while operating EPS was $1.46. The restaurant level margin was 23.6%, up 2.2% from the previous year. Jack in the Box signed franchise development...
Pepe Coin ( CRYPTOCAP:PEPE ), a meme coin, has recently hit an ATH of $0.00001109, marking a significant shift in smart money activity. The token has defied the crypto market's expectations and has gained unprecedented momentum. On-chain data reveals that nearly 250.5 billion CRYPTOCAP:PEPE was shuffled by smart money addresses during the token's recent hitting...
Blackberry's stock ( NYSE:BB ) price has fallen by over 90% from its 2021 high, indicating a decline in the company's business. The company's annual revenue dropped from over $1.04 billion in 2020 to $843 million in the last financial year, and it reported substantial losses, with the largest one occurring in 2020. Blackberry has lost over $2 billion in the last...
Sony reported a 7% drop in its annual profit for the full year in 2023, with operating profit at 1.2 trillion yen, down 7% year-over-year. The company also narrowly missed its revised-down target for PlayStation 5 sales, with shipments totaling 20.8 million in the fiscal year 2023. This is slightly lower than the revised 21 million unit target that Sony gave...
Home Depot ( NYSE:HD ) reported disappointing first-quarter earnings and revenue that missed Wall Street's expectations. The company is experiencing customers deferring major home projects due to high interest rates, which has led to a focus on building its business with professionals, including through its acquisition of SRS Distribution. The company expects...
Antonio Juliano, the founder of dYdX Trading Inc., has stepped down as CEO of the decentralized derivatives exchange. The change was not sudden to the internal team, employees, or stakeholders, but had been in discussion. Juliano stated that the SEC has not taken action against dYdX Trading and that he is not expecting a Wells notice. Juliano had experienced a...
Squarespace (NYSE:SQSP), a website and ecommerce tools provider, has been acquired by private equity firm Permira in an all-cash transaction valued at approximately $6.9 billion. Stockholders will receive $44.00 per share in cash, a premium of approximately 29% over Squarespace's 90-day volume weighted average trading price and 15% over its closing share price of...
Shares of AMC Entertainment Holdings Inc. ( NYSE:AMC ) is up 47.77% amid a meme-stock rally on Monday that also sent shares of GameStop Corp. skyrocketing 81.6%. The rally appears to be driven by the return of Keith Gill, also known as Roaring Kitty, to social media. On Sunday, Gill, whose analysis of GameStop created a national phenomenon in 2021, made his first...
Intel ( NASDAQ:INTC ) is in advanced talks for a $11 billion deal with Apollo Global Management to build a facility in Ireland. The move comes as Intel ( NASDAQ:INTC ) plans to expand its presence across the United States with a $100-billion spending spree across four states to boost its manufacturing business and catch up with chipmaking rival TSMC. Intel and...
GameStop shares surged 45% as markets opened on Monday, with Keith Gill, also known as "Roaring Kitty," posting to social media for the first time in nearly three years. Gill was a key driver of the meme stock craze of late 2020 and early 2021, rising to prominence due to his substantial bets on the stock. Gill's enthusiasm over the stock drove the online...
South Korea's government has signed an agreement with Alibaba's, AliExpress, and PDD Holdings' to promote product safety. The agreement comes after heightened regulatory scrutiny of these Chinese e-commerce platforms, which have significantly expanded their user base in South Korea. Safety inspections on products sold on these platforms detected harmful...
The cryptocurrency market has been experiencing downward pressure due to Bitcoin's performance, with the market cap valued at $2.2 trillion as of Monday. Despite some growth over the weekend, the market has been on a steady decline since March 14th, characterized by lower lows and lower highs. Cryptocurrencies have been receiving support from an increase in risk...