Newsfeeds Archive - Page 5 of 398

2 minute read

Boeing Insists On Adherence To Legal Agreement Post-737 MAX Crashes: Report

June 13, 6:26 AM

Boeing reportedly maintains it adhered to a 2021 agreement aimed at avoiding prosecution after the 737 MAX incidents, countering U.S. claims of non-compliance. The company's commitment to transparent engagement highlights its efforts to navigate legal complexities ahead of the Justice Department's crucial July 7 decision on extending prosecution terms.

2 minute read

Nike To Gain From Innovation Reacceleration And Strengthening Inventory Backdrop, Goldman Sachs Analyst Says

By Shivani Kumaresan

June 12, 1:55 PM

Goldman Sachs analyst Brooke Roach has reiterated a Buy rating on Nike with a target price of $118. Roach is optimistic about Nike's innovative strides, especially ahead of the F4Q earnings call scheduled for June 27. The analyst anticipates detailed discussions on Nike's future innovations and strategies for scaling these developments.

NKE

2 minute read

Meta Faces Rising Risk Of Free-Cash-Flow Burn As Creator Payouts Evolve, Says Analyst

By Shivani Kumaresan

June 12, 12:58 PM

BMO Capital analyst Brian Pitz reiterated a Market Perform rating for Meta Platforms with a price target of $450, highlighting the growing pressures on social media platforms to increase creator payouts to retain quality content. Pitz noted that enhancing payouts for longer-form content could raise Meta's annual revenue costs by $3-5 billion.

Ozempic Maker Novo Nordisk Closes In On Lego As Denmark’s Most Valuable Brand: Report

By Shivani Kumaresan

June 12, 12:21 PM

Novo Nordisk is challenging Lego A/S for the title of Denmark's most valuable brand, with its brand value surging 59% to $5.1 billion. This growth is fueled by the global popularity of its weight-loss drugs, Ozempic and Wegovy.

AAPL

1 minute read

What’s Going On With TV streaming platform Roku’s Shares On Wednesday?

By Shivani Kumaresan

June 12, 11:55 AM

Roku has launched Roku Exchange, a cutting-edge advertising technology solution that seamlessly connects premium ad inventory with advertiser demand. This new platform integrates Roku's extensive advertising capabilities with advanced identity data and AI-driven optimization.

ROKU

2 minute read

Amazon Faces Arbitration From Flex Drivers Demanding Employee Rights: Report

By Shivani Kumaresan

June 12, 10:34 AM

Nearly 16,000 Amazon Flex drivers have filed claims with the American Arbitration Association, alleging they are misclassified as independent contractors. The drivers seek compensation for unpaid wages and work-related costs, including mileage and cellphone use, amid growing concerns over gig economy labor practices.

AMZN

2 minute read

Dell Technologies CEO Cashes In: Michael Dell To Sell 10M Shares Amid AI Boom

By Shivani Kumaresan

June 12, 10:22 AM

Michael Dell, the CEO of Dell Technologies, is poised to sell 10 million shares for about $1.3 billion, potentially marking his largest annual sell-off ever, exceeding his previous record during the 1999 internet bubble.

DELL

2 minute read

Why Fashion Retailer Vera Bradley’s Shares Are Plunging Today

By Shivani Kumaresan

June 12, 10:00 AM

Vera Bradley experienced a decline in shares after reporting a significant 14.6% drop in first-quarter FY25 sales to $80.6 million, falling short of expectations by nearly $10 million.

VRA

2 minute read

FedEx Europe Shakeup: Plans Up To 2,000 Job Cuts To Slash Costs

By Shivani Kumaresan

June 12, 9:04 AM

FedEx is set to reduce its workforce by 1,700 to 2,000 positions across Europe as part of a strategic initiative to streamline operations and decrease structural costs.

FDX

2 minute read

Clay Court Takeover: TNT Sports To Bring French Open To US Fans Starting 2025

By Shivani Kumaresan

June 12, 8:40 AM

Starting in 2025, Warner Bros. Discovery through TNT Sports, will exclusively broadcast the Roland-Garros French Open in the U.S. The 10-year deal extends WBD's reach in tennis, aligning with its ambition to expand premium sports content, covering nearly 900 matches across TNT, TBS, and truTV, plus digital platforms like Bleacher Report.

DIS