STOCK ANALYSIS
WEEKLY FORECAST
FINANCIAL NEWS
Walt Disney raises prices on ESPN+ streaming in fight to profitability

The entertainment company, Walt Disney, said it is significantly raising the price for its ESPN+ service next month, an increase of 43% from $6.99 per month to $9.99.

Peloton to stop making bikes itself and instead outsource all manufacturing

On Tuesday, Peloton Interactive said it plans to exit all of its in-house manufacturing of its bikes and treadmills and move production to partners as it works to simplify operations and reduce costs.

Twitter pursues legal action against Musk as he seeks to abandon takeover deal

On Friday, the world's wealthiest man Elon Musk, submitted a filing to terminate its $44 billion takeover deal of Twitter Inc., citing continued disagreements over the number of spam accounts on the platform.

Rivian finally announces second-quarter production figures, shares climb

After much-awaited vehicle production and delivery figures, Rivian Automotive said Wednesday it manufactured 4,401 electric vehicles at its Illinois plant in the second quarter.

Netflix ramps search for ad-support executive ahead of earnings

According to a report by Wall Street Journal, the video streaming giant, Netflix Inc., is interviewing candidates to lead its upcoming ad-supported tier of services.

GameStop braces for job cuts while shares surge after stock split

In a bid to turn around a business struggling to shift gaming demands and market uncertainty, GameStop announced its finance chief is leaving the company amid plans for corporate job cuts.

General Motors guides lower, warns of continued supply disruptions

On Friday, General Motors offered lackluster guidance for its second quarter as continued supply chain disruptions impact its wholesale volumes.

Amazon celebrates Prime members exclusivety with its stake in Grubhub

In a deal that gives the e-commerce giant the option to acquire a stake in the company, Amazon agreed to add Just Eat Takeaway.com NV's Grubhub to its suite of Prime services in the U.S.

Tesla under pressure over staff related matters

On Tuesday, CEO Elon Musk of Tesa said the electric vehicle maker would be cutting its salaried workforce by 10% over the next three months.

Micron shares lower as guidance disappoints, weaker consumer demand

Shares of the leading supplier of memory and storage chips, Micron, fell 5.8% in Friday trading after the company reported better-than-expected fiscal third-quarter results, but guidance missed analyst views.

FedEx's new CEO outlines bold profit growth; pressure to deliver is on

This week, shipping giant FedEx Corp. told investors it would boost sales and profit by targeting "high-value" customers and improving efficiency.

Morgan Stanley and other U.S. banks raises dividend payouts

On Monday, one of America's largest banks, Morgan Stanley, said it would increase its quarterly dividend payouts on its common stock to 77.5 cents a share, up 11% from last year's payout of 70 cents.

Pfizer signs new deal with U.S. govenment; analysts weigh in on FDA ruling

As the first company to introduce a COVID-19 vaccine, the pharmaceutical behemoth Pfizer in partnership with BioNTech, said Wednesday they had signed a $3.2 billion deal with the U.S. government for 105 million doses of their vaccine.

Pinterest share climb as CEO steps down, Google exec takes over

Shares of Pinterest Inc. climbed more than 5% in late trading Tuesday after the social media company said its longtime CEO and co-founder Ben Silbermann is stepping down from his role effective Wednesday.

Meta Platforms loses COO anchor Sheryl Sandberg

On Wednesday, Sheryl Sandberg announced that she would be stepping down from her role as Chief Operating Officer of Facebook parent Meta Platforms after serving the company for 14 years.

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