Investment firm BitMine Immersion Technologies, chaired by Tom Lee, faces billions in unrealized losses on its enormous Ethereum holdings, prompting prominent investor Ross Gerber to label the strategy a potential historic misstep.
The iconic Southern restaurant chain, a longtime favorite of professional wrestling personalities, enforces a policy requiring traveling staff to dine primarily at its own locations, as it seeks to stabilize after a costly rebranding misstep.
A federal magistrate has ordered a Minnesota man to remain in custody until trial for allegedly spraying Rep. Ilhan Omar with a liquid during a town hall, with the court citing community safety concerns over the politically charged incident.
The Dallas-based BDC partners with an unnamed asset manager to launch an off-balance-sheet fund targeting senior secured debt, aiming to enhance flexibility and competitive reach.
Investment firm Evercore ISI initiates coverage on Phillips Edison & Company with an Outperform rating, highlighting its portfolio of necessity-focused retail centers as a key strength in uncertain economic times.
The Clorox Company reported fourth-quarter revenue that edged past Wall Street expectations, though sales remained unchanged from the prior year. While the top-line beat provided a bright spot, earnings per share fell short of consensus, highlighting the challenges for the consumer staples giant in a volatile market.
Wells Fargo raises AGNC Investment Corp.'s price target to $12, citing anticipated Federal Reserve rate cuts as a key driver for the mortgage REIT's net interest income and book value stability in the coming year.
In a strategic shift, PepsiCo announces permanent price reductions of up to 15% on flagship snack brands like Lay's, Doritos, and Cheetos, responding to economic strain and aiming to revitalize North American sales.
Famed 'Big Short' investor Michael Burry has taken a significant long position in GameStop, praising CEO Ryan Cohen's leadership while simultaneously hedging with bearish bets on tech giants Palantir and Nvidia. The move has reignited debate over the retailer's future and the influence of contrarian investors in volatile markets.
Iran has formally requested direct nuclear negotiations with the United States to be held in Oman this Friday, sources confirm, as regional tensions flare following a series of maritime incidents and a significant U.S. military deployment to the Gulf.
Match Group forecasts first-quarter revenue above Wall Street expectations, signaling its strategic pivot towards quality and safety is gaining traction. While paying users declined, heavy investment in AI-driven features for Tinder and Hinge aims to rebuild trust and drive long-term growth.
Sonos (NASDAQ: SONO) reported stronger-than-expected fourth-quarter earnings, though revenue remained flat year-over-year. While cost controls boosted profitability, analysts point to stagnant sales over a multi-year period as a key concern for the audio specialist.
Biotech giant Amgen (AMGN) posted fourth-quarter revenue of $9.87 billion, topping analyst forecasts and signaling robust demand for its portfolio of innovative therapies. The company's full-year outlook also exceeded expectations, though margin pressures remain a watchpoint for investors.
Josh D’Amaro, a 30-year Disney veteran and lifelong fan, has been named the company's next CEO. His journey from a strategic planning role to overseeing the global parks empire positions him to steer the entertainment giant through a period of significant investment and political challenges.
Take-Two Interactive has raised its annual bookings forecast, fueled by strong performance across its portfolio of premium and mobile games. The company remains on track for the November release of 'Grand Theft Auto VI,' which is poised to set a new financial benchmark for the publisher.
Longtime CSX executive Diana Sorfleet retires after nearly 15 years, having steered the railroad's people strategy through multiple CEO transitions. She is succeeded by Riz Chand, a talent development leader from the private equity sector.
Abbott Laboratories faces heightened regulatory scrutiny after the FDA issued a warning letter concerning the accuracy and testing protocols for its widely used FreeStyle Libre continuous glucose monitors, raising questions about the company's quality systems in a key growth market.
Following a staggering multi-year rally and a recent pullback, investors are scrutinizing whether Cameco's current share price still offers value or if the market has already priced in its nuclear renaissance narrative.
Alliance Resource Partners has idled its Mountain View Mine in West Virginia following reduced demand from a major utility customer, putting 200 jobs at risk and spotlighting the persistent customer concentration risks facing U.S. coal producers.
Truckload carrier Heartland Express reported a 26.1% year-over-year decline in fourth-quarter revenue, falling short of Wall Street forecasts. The company posted a non-GAAP loss per share, though the loss was narrower than analysts anticipated, as management points to internal restructuring for future gains.
