S&P Global Downgrades Ratings on U.S. Banks
August 22, 2023
Drilling Commences at Leonora South
May 12, 2025
Kellogg Company Hikes Sales Growth Guidance
Multinational food manufacturing firm Kellogg Company raise its sales guidance after posting a 9.5% increase in its operating profit for the first quarter of the year, according to a regulatory...
Read moreNikola Stock Surge Almost 7% After Posting Lower-Than-Anticipated Loss of $152.9M in Q1
Nikola Corporation shares jump nearly 7% after reporting a narrower-than-expected loss of $152.9M and Q1 revenue of $1.89M, according to a press release by Nikola on Thursday. Nikola began manufacturing...
Read moreUber Posts Wider Losses as Equity Investments Climb
American mobility service provider Uber Technologies Inc. opened 2022 with wider losses due mainly to its equity investments in the first quarter, the company announced in a filing. The first-quarter...
Read moreMicroStrategy to Explore Yield Generation Opportunities for Bitcoin Holdings
American business intelligence firm MicroStrategy Inc. is looking at the possibility of generating yields from the “unencumbered” Bitcoin holdings of its MacroStrategy subsidiary, according to a report on CoinTelegraph. MicroStrategy...
Read moreStarbucks Posts Record Q2 Revenue of $7.6 billion as Profits Falls
Starbucks’ sales jumped to a record level in its fiscal second quarter, but its profits took a hit from rising labor costs, according to a press release by Starbucks on...
Read moreAMD Stocks Jump 6% After Revenue Surges 71% despite Semiconductor Slowdown
Shares of Advanced Micro Devices Inc rose nearly 6% after its fiscal Q1 earnings and revenue beat estimates, according to a press release by AMD on Tuesday. The company reported...
Read moreAirbnb Tops Estimates with 70% Revenue Growth as Travel Bounces Back
Airbnb reported Q1 results that surpassed estimates, as pandemic-related restrictions eased further and helped lift business, according to a press release by Airbnb on Tuesday. The company also posted its...
Read moreBiogen Bottom Line Slips as Revenues Drop
American biotechnology company Biogen Inc. opened the year with a lower bottom line amid lower revenues during the period, the firm reported in a regulatory filing. First-quarter net income for...
Read moreBP Reports Loss Amid Exit from Rosneft
English oil and gas firm BP PLC posted opened the year with a loss due to the decision to exit its Rosneft shareholding, the company announced in a filing. The...
Read morePfizer’s Q1 Earnings and Sales Beat Expectations on $15B of Covid Vaccine Sales
Pfizer beat its top and bottom line in its Q1 earnings report after posting strong sales of its Covid-19 vaccine and antiviral treatment, according to a press release by Pfizer...
Read moreAXS Launches ETF with Double Exposure to ARK Innovation Fund
AXS Investments is launching an exchange-traded fund seeking to offer double the daily exposure to Cathie Wood’s ARK Innovation ETF, according to a statement. Dubbed the AXS 2X Innovation ETF...
Read moreSpirit Board Rejects JetBlue Proposal, Pushes Frontier Merger
The Spirit Airlines Board unanimously decided to continue backing the planned merger with Frontier Airlines as the unsolicited proposal from JetBlue Airways is incapable of being consummated, according to a...
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