Jeans brand True Religion exploring sale
The hedge fund that owns True Religion is exploring a sale of the Y2K-era jeans brand as it returns to growth and profitability after emerging from its second bankruptcy, CNBC has learned. True Religion sales jumped about 20% to around $280 million last year, and it brought in $80 million in earnings before interest, taxes, […]
Nvidia discloses positions in SoundHound AI, Arm — and these other stocks
Investors were getting a peek Wednesday at where fund managers have made their bets, as those managers released the required quarterly reports on their holdings. But Wednesday also brought a look at investments made by some public companies, including chip powerhouse Nvidia Corp. NVDA, which joined those money managers in filing a 13-F after the […]
Restaurant Brands International (QSR) Q4 2023 earnings
A general view of a Tim Hortons Drive-Thru coffeehouse and restaurant at Lakeside Retail Park on February 5, 2024 in Grays, United Kingdom. John Keeble | Getty Images Restaurant Brands International reported quarterly earnings and revenue that beat analysts’ expectations on Tuesday, fueled by stronger-than-expected Tim Hortons sales. Shares of the company closed down 4% on Tuesday. […]
Harvard remains the nation’s richest school as college endowments keep growing
Harvard University’s endowment grew to more than $49.5 billion last year, making it once again the nation’s wealthiest college. The University of Texas System wasn’t far behind with an endowment value of nearly $45 billion, while Yale University remained the third-richest school even as its endowment market value dropped slightly from last year. The… Master […]
Gemstone engagement rings capture hearts and market share
Luxury precious rings in a row on display in a jewelry store at a high-end shopping mall. Craig Hastings | Moment | Getty Images Roses are red, violets are blue, gemstones are hot and prices are too. Valentine’s Day has long been one of the most popular days of the year for jewelry and engagements. […]
Fastly’s stock tanks 20% on mixed quarter for cloud-computing company
Fastly Inc.’s stock dropped more than 20% in the extended session Wednesday after the cloud-computing company showed Wall Street a mixed fourth quarter, with revenue coming in below expectations. Fastly FSLY lost $23.4 million, or 18 cents a share, in the quarter, compared with a loss of $46.7 million, or 38 cents a share, in […]
Molson Coors gains market share as consumers shift away from Bud Light
Coors beer is displayed on a store shelf on February 13, 2024 in San Rafael, California. Justin Sullivan | Getty Images Brewer Molson Coors said on Tuesday that it expects to maintain its market share gains in the year ahead. The company, which makes Coors Light and Miller Lite, reported strong fourth-quarter earnings Tuesday as […]
Varda drug spacecraft gets FAA approval to return
Varda’s first manufacturing satellite and reentry vehicle attached to a Rocket Lab Photon bus. Rocket Lab Space startup Varda received long-awaited approval from the Federal Aviation Administration to bring its first spacecraft back to earth after a stint manufacturing drugs in space. Varda’s small W-Series 1 capsule, or W-1, has been stuck in orbit since […]
Fed’s Barr says banking system is strong despite New York Community Bancorp woes
The recent troubles at New York Community Bancorp Inc. are not a sign of systemic problems in the U.S. banking system, a top Federal Reserve official said Wednesday. “A single bank missing its revenue expectations and increasing its provisioning does not change the fact that the overall banking system is strong, and we see no […]
FTC, HHS examining cause of generic drug shortages
A variety of generic pills and capsules. Nenov | Moment | Getty Images The Federal Trade Commission on Wednesday said it is examining the role that drug wholesalers and companies that purchase medicines for U.S. health-care providers play in shortages of generic drugs, which account for the majority of Americans’ prescriptions. The move follows an […]
