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Recent Posts

  • Tesla misses out on European EV growth as Model Y fails to revive sales
    May 27, 2025
  • Brussels asks European companies to detail US investment plans, sources say
    May 27, 2025
  • RBC downgrades Premier Foods to “sector perform” on valuation grounds
    May 27, 2025
  • December 23, 2024

Retailer Party City files for bankruptcy, will wind down 700 stores

By Mrinmay Dey (Reuters) - Party City, which has been struggling since the COVID-19 pandemic, filed for Chapter 11 bankruptcy protection in the United States on Saturday for the...

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  • December 23, 2024

GCM Grosvenor shares rise pre-market as Piper Sandler upgrades to 'overweight'

-- GCM Grosvenor's (NASDAQ:GCMG) shares rose in pre-market trading on Monday after analysts at Piper Sandler upgraded the stock to "overweight" from "neutral." The...

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  • December 23, 2024

Mark Cuban Criticizes Meme Coins, Cites HAWK Coin Plunge

-- On Monday, billionaire entrepreneur Mark Cuban expressed his skepticism towards meme coins during a YouTube interview, emphasizing the risks associated with such...

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  • December 23, 2024

Lego's growth offsets toy industry's annual sales decline

-- The toy industry is facing its second straight year of falling sales, but Lego's success is providing a silver lining. As many toy companies struggle to maintain...

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  • December 23, 2024

Apple approaches $4 trillion valuation as investors bet on AI momentum

By Shashwat Chauhan and Medha Singh (Reuters) - Apple is closing in on a historic $4 trillion stock market valuation, powered by investors cheering progress in the company's...

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  • December 23, 2024

Toyota to build plant to produce EVs in China, Nikkei reports

TOKYO (Reuters) - Toyota Motor (NYSE:TM) has decided to build a new factory to produce electric vehicles in China, the Nikkei business daily reported on Monday. The company...

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  • December 23, 2024

Honda and Nissan take initial steps toward potential merger

-- Honda Motor Co (NYSE:HMC). and Nissan (OTC:NSANY) Motor Co., two of Japan's leading auto manufacturers, have announced they are exploring the possibility of a...

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  • December 23, 2024

Hyatt in exclusive talks for Playa Hotels takeover; shares rise pre-bell

On Monday, Hyatt Hotels (NYSE:H) entered exclusive negotiations with Playa Hotels & Resorts (NASDAQ:PLYA) N.V. as part of potential strategic moves for the resort operator valued...

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  • December 23, 2024

FDA restricts import of certain Viatris products due to plant violations

-- Viatris announced on Monday that the U.S. Food and Drug Administration (FDA) has imposed restrictions on the import of 11 products manufactured at its drug...

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  • December 23, 2024

Bank of America, Goldman Sachs starts Pony AI at ‘buy’

-- Bank of America initiated coverage of Pony AI with a “buy” rating and a price objective of $18, implying a 37% upside. Goldman Sachs started on the stock with...

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