Mattel hires ex-Fox, Sony exec to run TV studio
Mattel headquarters in El Segundo, California, US, on Friday, April 28, 2023. Bloomberg | Getty Images Mattel hopes a new hire will help it expand its content slate, following the blowout box office success of “Barbie.” The toy maker, home to Hot Wheels and American Girl, announced Thursday that it has hired former Fox and […]
Walmart’s shareholders may have anticipated today’s selloff — if they’d been watching its bonds
Shareholders of Walmart Inc. may have had an inkling of today’s stock selloff if they had been watching the performance of its bonds over the last two weeks. The bonds have seen net selling even as spreads have tightened, according to data solutions company BondCliQ Media Services. The same is true for Costco Wholesale Corp. […]
Starbucks workers file labor complaints as union goes on strike
Members of a recently formed union of Starbucks workers hold a rally to celebrate the first anniversary of their founding, December 9, 2022 in New York City. Andrew Lichtenstein | Corbis News | Getty Images Starbucks workers in New York City have filed 32 more complaints alleging that the coffee giant violated the city’s labor […]
Firm that’s been saying cash is king says NOW is the time to switch to stocks
Cash, you are no longer king. Long live stocks. That’s our call of the day from Barclays strategists who have switched their fealty from one of the year’s most popular investment choices to equities. “After two straight quarters recommending cash over stocks and bonds, we now expect equities to eke out high single-digit returns in […]
Walmart (WMT) earnings Q3 2024
Walmart store with gardening products for sale in Atchison, Kansas. Ucg | Universal Images Group | Getty Images Walmart will report quarterly earnings Thursday as the discounter generally outperforms its rivals. Here’s what Wall Street expects from the retailer, according to consensus estimates from LSEG, formerly known as Refinitiv: Earnings per share: $1.52 expected Revenue: […]
Senate passes bill to avert government shutdown
The Democratic-run Senate has approved a short-term funding measure that prevents a partial government shutdown from hitting this weekend, with the vote coming after the Republican-controlled House of Representatives gave its OK on Tuesday to the continuing resolution. The measure passed late Wednesday night, by a vote of 87-11. “This Friday night there will be […]
Judge sides with Paramount on claims in South Park lawsuit
Stan And Kyle From The Episode “Clubhouses.” Getty Images | Hulton Archive | Getty Images A judge on Tuesday sided with Paramount Global on certain claims after Warner Bros. Discovery sued earlier this year over streaming rights to long-running animated series “South Park.” New York state Supreme Court Justice Margaret Chan said that Paramount did […]
Palo Alto Networks’ stock falls despite ‘unprecedented’ cybersecurity attacks
Shares of Palo Alto Networks Inc. slid after hours Wednesday after the cybersecurity company trimmed its full-year outlook for billings, as its customers seek more flexibility on cybersecurity spending. Executives tempered that forecast despite what they characterized as an an “unprecedented level” of cyberattacks driving demand for greater security. But a more cautious tack on […]
FAA clears SpaceX to launch second Starship flight
The SpaceX Starship lifts off from the launchpad during a flight test from Starbase in Boca Chica, Texas, on April 20, 2023. Patrick T. Fallon | Afp | Getty Images The Federal Aviation Administration has cleared Elon Musk’s SpaceX to launch the second spaceflight attempt of its towering Starship rocket, the agency said Wednesday. The […]
As Target’s stock soars on earnings beat, investors keep an eye on profit margins
Target Corp.’s stock soared Wednesday following the retail giant’s third-quarter earnings beat, with investors keeping a close eye on the retail sector’s ability boost profit margins. Target TGT, +17.47% is a top trending stock Wednesday on Stocktwits, a social platform for investors and traders. “The name of the game in the current environment is earnings management, […]
