TSMC says critical chip-making equipment intact after Taiwan earthquake
TSMC said it was evaluating the impact of the earthquake on its operations.
Ulta shares fall as CEO warns beauty demand is slowing
People walk past an Ulta Beauty store in the Manhattan borough of New York City, New York, U.S., March 8, 2022. Carlo Allegri | Reuters Ulta Beauty shares tumbled about 13% on Wednesday as CEO Dave Kimbell warned of cooling demand for beauty products. Other stocks in the segment, including E.L.F. Beauty, Estee Lauder and […]
Paramount stock jumps 15% on reports of exclusive merger talks with Skydance
Paramount Global’s stock surged Wednesday after reports that the company has entered into exclusive merger talks with Skydance Media.
Levi Strauss (LEVI) earnings Q1 2024
Levi Strauss, which has long relied on wholesalers like Macy’s and Kohl’s to drive its business, is now doing nearly half of its sales through its own website and stores, the company said Wednesday when reporting fiscal first quarter earnings. In the three months ended Feb. 25, direct-to-consumer sales made up a record 48% of […]
Shareholders vote on Nelson Peltz and Bob Iger
Bob Iger poses with Mickey Mouse attends Mickey’s 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles. Valerie Macon | AFP | Getty Images Disney shareholders on Wednesday reelected the media conglomerate’s full board, preliminary results show, handing a stinging defeat to activist Nelson Peltz and former Marvel CEO Ike Perlmutter, […]
Hycroft Mining shares are higher than investor AMC’s after skyrocketing this week
Shares of Hycroft Mining Holding Corp. are now trading higher than shares of cinema chain AMC Entertainment Holdings Inc., which stunned Wall Street when it made a $29.7 million investment in the gold and silver miner in 2022.
Bally’s shareholders wage battle over ownership, development projects
An exterior view shows the Tropicana Las Vegas at dusk on March 29, 2024 in Las Vegas, Nevada. David Becker | Getty Images As the famous Tropicana in Las Vegas closes its doors Tuesday, its operator Bally’s Corporation is facing its own existential battle. At stake: ownership, its status as a publicly traded company and […]
Long-term Treasurys selloff for third day after ADP jobs report
A selloff in U.S. government debt picked up momentum Wednesday morning after data showed private-sector hiring in March was its strongest in eight months.
Health insurer stocks slide as Medicare Advantage rates disappoint
Shares of U.S. health insurers fell Tuesday after the Biden administration didn’t boost payments for private Medicare plans as much as the insurance industry and investors had hoped. Shares of CVS Health fell more than 8% on Tuesday, while UnitedHealth Group‘s stock slid nearly 7%. Shares of Elevance Health dropped more than 3% and Centene‘s […]
Ken Griffin’s Citadel hedge fund outstrips rivals with gains in first quarter: report
The Miami hedge fund outperformed rivals in generating positive returns across all its funds
