DEXWireNews

DEXWireNews

JD.com (NASDAQ: NASDAQ:JD ) shares experienced a significant uptick, climbing 5.7% on Friday after the Chinese e-commerce giant reported better-than-expected quarterly earnings. The company’s impressive performance was driven by strategic price cuts that successfully attracted cost-conscious consumers, despite a challenging economic environment in...

DEXWireNews

In a significant development, South Korea's National Pension Scheme (NPS) has taken a substantial position in MicroStrategy (Nasdaq: NASDAQ:MSTR ) stocks, marking yet another strategic foray into the cryptocurrency sector. According to the 13F filings recently submitted to the U.S. Securities and Exchange Commission (SEC), the NPS acquired 245,000 shares of...

DEXWireNews

Rocket Lab USA, Inc. (NASDAQ: NASDAQ:RKLB ), a prominent player in the space industry, experienced a significant surge in its stock price, driven by the successful completion of its latest mission in collaboration with Capella Space. On Thursday, Rocket Lab's stock soared by an impressive 12.55%, continuing its upward trajectory with a further 5.34% increase in...

DEXWireNews

Ulta Beauty (NASDAQ: NASDAQ:ULTA ) has been a staple in the beauty industry, known for its robust growth and strong brand presence. However, its stock price has recently been under significant pressure, experiencing a sharp decline of over 42% from its peak of $574 earlier this year to $328, the lowest in over 52 weeks. Despite a temporary boost from Warren...

DEXWireNews

In a significant turn of events for the cryptocurrency world, Ripple has emerged victorious in its legal battle against the U.S. Securities and Exchange Commission (SEC), sparking a surge of optimism and speculation surrounding the CRYPTOCAP:XRP token. The court ruling, delivered on August 7, affirmed that Ripple’s sales of XRP to retail investors do not violate...

DEXWireNews

Cisco Systems (NASDAQ: NASDAQ:CSCO ) has made headlines again, not just for its fiscal fourth-quarter results, but also for a significant shift in its workforce strategy. The networking and technology giant has announced a 7% reduction in its global workforce, marking a continuation of cost-cutting measures that began earlier this year. This move comes as Cisco...

DEXWireNews

Walmart (NYSE: NYSE:WMT ), the world’s largest retailer, has once again defied economic expectations, reporting robust second-quarter results that prompted the company to raise its sales and profit forecasts for the second time this year. As inflation begins to moderate and consumer spending remains unexpectedly resilient, Walmart’s performance provides critical...

DEXWireNews

Alibaba Group Holding Ltd. (BABA), China’s e-commerce giant, faced a challenging second quarter in 2024, as reflected in its earnings report that missed market expectations. The company, which has been navigating a complex economic landscape marked by rising competition and cautious consumer behavior, saw its shares dip nearly 4% in premarket trading following the...

DEXWireNews

Flutter Entertainment (NYSE: FLUT), the parent company of FanDuel, reported outstanding second-quarter earnings this week, propelling its stock up nearly 10% as the company continues to dominate the U.S. sports betting market while also expanding its global reach. The remarkable earnings and strategic decisions, particularly the choice not to pass on a new...

DEXWireNews

In a move that highlights the growing role of automation in the food delivery industry, Shake Shack (NYSE: NYSE:SHAK ) has teamed up with Serve Robotics to introduce autonomous sidewalk robot deliveries in Los Angeles. This partnership marks a significant step forward in the fast-food chain's efforts to enhance customer experience through innovative...

DEXWireNews

Mars, Inc., the global confectionery giant known for its beloved brands like M&M’s, Snickers, and Twix, has announced its acquisition of Kellanova (NYSE: NYSE:K ), the snack-making powerhouse, for a staggering $35.9 billion. This all-cash deal, which values Kellanova (NYSE: NYSE:K ), at $83.50 per share, represents one of the largest transactions in the food...

DEXWireNews

In what could be one of the most significant antitrust actions of the modern era, the U.S. Department of Justice (DoJ) is contemplating the breakup of Alphabet Inc.’s Google, following a landmark court ruling that found the tech giant had illegally monopolized the online search and advertising markets. This decision marks a pivotal moment not only for Google (...

DEXWireNews

Starbucks Corporation (NASDAQ: NASDAQ:SBUX ), a global leader in coffee retail, has made a significant leadership change by appointing Brian Niccol, former CEO of Chipotle Mexican Grill, as its new Chairman and CEO. This decision, announced on September 9, 2024, has already sparked considerable investor interest, with Starbucks shares surging 24% on the news....

DEXWireNews

As the gaming industry continues its rapid expansion, investors are increasingly on the lookout for companies that not only keep pace with innovation but also set new standards within the sector. One such company is GameSquare Holdings, Inc. (NASDAQ: NASDAQ:GAME ). With a current stock price of $1.10 per share, a market capitalization of $34 million, and a...

DEXWireNews

Overview As Cisco Systems Inc. (NASDAQ: NASDAQ:CSCO ) prepares to report its Q4 earnings, the stock faces mounting bearish pressure. Trading at $45.20, Cisco's shares have struggled to gain traction, falling below key technical indicators that suggest a continued downward trend. Despite the grim outlook, some analysts see potential for a rebound, with price...

DEXWireNews

Trump Media and Technology Group ($TMTG), the parent company of Truth Social, has faced significant challenges in recent months, reflected starkly in its latest financial results. The second quarter of 2024 brought troubling news for TMTG, as the company reported a substantial net loss of $16.4 million and generated a modest $837,000 in revenue. This loss and...

DEXWireNews

JetBlue Airways Corp. (NASDAQ: NASDAQ:JBLU ) is facing a challenging moment as its stock plummeted over 21% in Monday’s intraday trading, with further declines into Tuesday premarket. The dramatic drop comes in the wake of the company’s announcement to raise over $3 billion in debt and a series of credit downgrades from major rating agencies. Debt Financing and...

DEXWireNews

Home Depot (NYSE: NYSE:HD ), the largest home improvement retailer in the U.S., is set to report its Q2 2024 earnings on Tuesday, with analysts projecting slight declines in revenue and profit compared to the same period last year. With inflation impacting consumer spending, particularly on big-ticket home improvement projects, Home Depot (NYSE: NYSE:HD )is...