Tag: Stories That Matter

Seattle-Tacoma Airport operations disrupted by cyberattack: What you should know when you travel

August 27, 2024 | Jasper | Leave a Comment

Seattle-Tacoma International Airport is currently battling a cyberattack that occurred over the weekend and brought down the airport’s internet, phone, email and other systems. What happened: The Port of Seattle, which operates the airport, is working tirelessly to restore affected services. “We are working around the clock to bring the necessary systems back online and […]

Paramount ends ‘go-shop’ phase as Edgar Bronfman exits, paving way for $8.4 billion merger with Oracle scion David Ellison’s Skydance – Paramount Global (NASDAQ:PARA), Paramount Global (NASDAQ:PARAA)

August 27, 2024 | Jasper | Leave a Comment

Paramount ends ‘go-shop’ phase as Edgar Bronfman exits, paving way for .4 billion merger with Oracle scion David Ellison’s Skydance – Paramount Global (NASDAQ:PARA), Paramount Global (NASDAQ:PARAA)

One of the biggest media takeover battles has come to an end with Paramount Global, Inc. PARA PARA and confirmed late Monday that the “go-shop” period has ended. What happened: The special committee of the Paramount board said media veteran Edgar Bronfman, Jr informed her that the investor consortium he led had decided to withdraw […]

Mergers and acquisitions in food sector pick up pace, says Gabelli fund manager: Watch for BellRing Brands, Campbell Soup – Campbell Soup (NASDAQ:CPB), WK Kellogg (NYSE:KLG), Kellanova (NYSE:K)

August 26, 2024 | Jasper | Leave a Comment

With the US Federal Reserve expected to cut interest rates in September, the food industry is ripe for consolidation. Accordingly Kevin DreyerCo-CIO of Value at Gabelli FundsLower interest rates generally stimulate M&A activity. “It’s important to note that falling interest rates tend to lead to an increase in M&A activity,” Dreyer told CNBC on Friday, […]

JD stock slips into death cross after Walmart sells stake – JD.com (NASDAQ:JD)

August 23, 2024 | Jasper | Leave a Comment

JD.com Inc. JD The stock has entered bearish territory, with a Death Cross a sign of a possible downturn. The e-commerce giant is down 1.16% year-to-date and 20.51% over the past year, although it has posted a slight uptick of 2.6% over the past month. The recent sell-off by Walmart Inc. WMT Adding to the […]

Midjourney opens the web experience to all amid controversy over unauthorized use of artists’ works – Microsoft (NASDAQ:MSFT)

August 22, 2024 | Jasper | Leave a Comment

AI companies In the middle of the journey has announced that its web experience is now available to everyone, despite ongoing controversy over the unauthorized use of artists’ works. What happened: Midjourney publicly announced that the web experience is now open to everyone and is temporarily offering free trials. In a video posted to X, […]

Apple App Store team faces major shakeup as CEO Matt Fischer exits operations – Apple (NASDAQ:AAPL)

August 22, 2024 | Jasper | Leave a Comment

Apple Inc. AAPL will be separated from his AppStore Head, Matt Fisherwho has been at the top of the App Store business since 2010. What happened: On Wednesday, Fischer said in an email to his team: “After 21 years at Apple, I have made the decision to leave our incredible company.” In the same email, […]

What’s happening to Walmart stock after Target’s strong Q2 results? – Walmart (NYSE:WMT)

August 21, 2024 | Jasper | Leave a Comment

Walmart Inc. WMT Shares are trading higher in the morning session on Wednesday. Retail and consumer discretionary stocks are trading higher after Target company TGT reported strong second-quarter results and raised its earnings forecast. Adjusted quarterly earnings per share were $2.57 (+40%), beating the Street view of $2.20. Target reported revenue of $25.45 billion (+2.7%), […]

Alibaba rival JD.Com plunges over 7% in premarket trading after largest shareholder Walmart sells shares for reportedly $3.74 million – JD.com (NASDAQ:JD), Walmart (NYSE:WMT)

August 21, 2024 | Jasper | Leave a Comment

Alibaba rival JD.Com plunges over 7% in premarket trading after largest shareholder Walmart sells shares for reportedly .74 million – JD.com (NASDAQ:JD), Walmart (NYSE:WMT)

Walmart Inc. WMT has announced plans to sell its stake in the Chinese e-commerce giant and Alibaba-Rival JD.com Inc. JDwhich caused JD.com’s shares to plummet. The decision comes as Walmart shifts its focus to its own operations in China, according to the SEC filing. What happened: Walmart is seeking to raise up to $3.74 billion […]

Target and Ross Stores are expected to report higher sales as consumers remain resilient: Analysts – BlackRock ETF Trust BlackRock Future US Themes ETF (ARCA:BTHM), Federated Hermes ETF Trust Federated Hermes US Strategic Dividend ETF (ARCA:FDV)

August 18, 2024 | Jasper | Leave a Comment

Target company TGT And Ross Stores, Inc. RUST should post better revenue in the second quarter as consumers continue to spend despite macroeconomic uncertainties, analysts at Tesley Advisory Group. Analyst Joseph Feldman expects Target’s second-quarter revenue to rise 2% year-on-year to $25.3 billion when the company reports earnings before the market opens on Wednesday. His […]

Walmart booms, Home Depot stumbles: Retail giants navigate conflict-ridden economy – Invesco DB Base Metals Fund (ARCA:DBB), Home Depot (NYSE:HD)

August 16, 2024 | Jasper | Leave a Comment

There are so many conflicting economic indicators and comments circulating right now that it can be difficult to get an overview of the situation for consumers. Walmart Inc. WMTthe world’s largest retailer, beat Wall Street forecasts for second-quarter earnings and revenue, reporting net income of $4.5 billion (compared to $7.89 billion a year earlier) and […]