STOCK ANALYSIS
WEEKLY FORECAST
FINANCIAL NEWS
Nvidia gives dismal forescast on "challenging" market conditions

Graphics chip designer Nvidia on Wednesday issued a weak forecast for the third quarter on the back of a weakening gaming industry, sending its shares down 4.7% in after-hours trading following the results.

Netflix denies reports on pricing for ad-supported tier, still in discussions

Streaming giant Netflix refuted recent claims of pricing estimates by Bloomberg, which suggested the new add-supported streaming tier will have a monthly cost of $7 to $9 as it competes with Walt Disney.

Peloton in a race to save itself after weak quarterly results

In a race to save itself, Peloton Interactive Inc. is eschewing some fundamental aspects of its decade-old business model after posting a $1.2 billion loss in the most recent quarter.

Musk gets potential boost after whistleblower says Twitter misled US regulators

In a whistleblower complaint filed last month with the US Securities and Exchange Commission, former security chief Peiter Zatko said Twitter Inc. misled federal regulators about its defenses against hackers and spam accounts.

Ford cuts 3,000 jobs as the company shifts its focus to electric vehicles

Ford Motor Co. confirmed Monday it is cutting roughly 3,000 white-collar and contract jobs in its latest efforts to reduce costs and fund its $50 billion transition to electric vehicles.

Shares of Signify Health surge on reports Amazon is competing to buy

Shares of Signify Health Inc. soared in premarket trading Monday following reports by the Wall Street Journal that Amazon, UnitedHealth Group Inc. CVS Health Corp., and Option Care Health Inc. are competing to acquire the home-health technology and services provider.

Starbucks announces leadership reshuffle, union battles continue

Starbucks announced Thursday that Chief Operating Officer John Culver would leave the company in October after two decades as the coffee chain eliminates the role and undergoes a broader leadership transition.

Bed Bath & Beyond stock plunges after activist investor files to sell his stake

Shares of Bed Bath & Beyond Inc. fell sharply into the close and are continuing to trade lower Wednesday after Gamestop Corp chairman Ryan Cohen suggested he has turned against the stock.

Walmart jumps on strong quarterly results, creates investor optimism

Shares of the big-box retailer Walmart were up over 5% on Tuesday after the company announced better-than-expected results for the fiscal second quarter of 2023

Coinbase loses market share amid investors' crypto winter fears

Crypto giant Coinbase's market share fell from highs of 10.7% in January to 6.3% in July, a sign that the largest US cryptocurrency exchange is losing ground.

AMC stock witness sixth straight day rally amid market-growth optimism

As meme stocks came back into vogue by retail investors, spurred by the market's growing optimism, shares of AMC Entertainment Holdings climbed on Monday, on pace to complete a six-day winning streak.

Disney reports earnings surge and announces latest media-streaming move

Walt Disney on Wednesday reported its fiscal third-quarter earnings that beat expectations on the top and bottom lines and added more subscribers than projected to its flagship streaming video platform Disney+.

Micron invest in US chip manufacturing despite warning of demand slowdown

Micron announced Tuesday it would invest $40 billion over the next decade to manufacture chips in the US despite its latest comments citing a worsening market.

Amazon to acquire vacuum maker iRobot for $1.7 billion

Amazon and iRobot announced it is acquiring the Roomba maker for $61 a share in an all-cash deal valued at $1.7 billion, as Amazon pushes its presence in consumer robotics.

Beyond Meat reduces full-year forecast, cuts jobs amid slowing growth

The maker of plant-based burgers, Beyond Meat, cut its revenue forecast for the full year, saying that US consumers are responding to higher prices in grocery aisles by shifting from plant-based meat alternatives to cheaper animal protein products.

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