Newsfeeds Archive - Page 6 of 398

2 minute read

Tesla’s Elon Musk Accused Of Insider Trading In New Lawsuit

June 12, 7:56 AM

Elon Musk, CEO of Tesla Inc. (NASDAQ: TSLA), is accused in a new lawsuit of using insider information to profit from selling Tesla shares. The Employees' Retirement System of Rhode Island claims these sales were timed before negative news that would lower Tesla's stock value.

FDIS

2 minute read

Southwest Airlines’ Free Bag Policy Under Pressure After Elliott’s $1.9B Stake

By Shivani Kumaresan

June 12, 7:54 AM

Southwest Airlines is at a crossroads with its "bags fly free" policy as Elliott Investment Management reportedly pushes for changes after acquiring a $1.9 billion stake. The airline is considering introducing fees for checked bags, aligning more with industry trends that saw $33.3 billion in baggage fees last year.

AAL

2 minute read

Why Pest Control Giant Rentokil’s Shares Are Shooting Higher Today

By Shivani Kumaresan

June 12, 7:24 AM

Shares of Rentokil Initial jumped following news that Nelson Peltz's Trian Fund Management has boosted its stake, becoming one of the top shareholders. This strategic investment now values the company at approximately £11.8 billion.

FERG

2 minute read

Boeing Sets Up New Aerospace Tech Hub At Florida

By Shivani Kumaresan

June 12, 6:39 AM

Boeing is set to launch a new engineering facility at Embry-Riddle Aeronautical University in Daytona Beach, targeting innovation in military aviation. The hub will create 200 engineering jobs, focusing on design and development in aerospace, with facilities spanning 65,000 square feet including a significant hangar space.

2 minute read

Chinese Retailer Temu Gains Edge Over eBay In US Market

By Shivani Kumaresan

June 11, 2:48 PM

Surpassing eBay, Chinese e-commerce giant Temu, part of PDD Holdings (NASDAQ ), now attracts more repeat U.S. shoppers, with 34% shopping monthly compared to eBay's 29%. Temu's aggressive marketing strategies, including Super Bowl ads, have significantly boosted its U.S. market presence.

AMZN

2 minute read

Nordic Brokerages Enable Voting At Tesla’s AGM For The First Time

By Shivani Kumaresan

June 11, 1:59 PM

Nordic brokerages like Avanza and Nordnet are allowing their clients to vote at Tesla's AGM for the first time, in response to high demand and Elon Musk's proactive stance on shareholder involvement. This year's AGM is particularly significant as it could determine the future of Musk's leadership amidst debates over his compensation and shareholder rights.

FDIS

2 minute read

Take-Two Interactive Offers A Scaled Portfolio Of Mobile Games, Says Analyst

By Shivani Kumaresan

June 11, 1:24 PM

J.P. Morgan maintains an Overweight rating on Take-Two Interactive with a $200 target, citing positive trends in mobile gaming, particularly for Zynga. Management expresses confidence in mobile market growth and stability into 2024, highlighting consumer readiness to invest in new games.

TTWO

2 minute read

UAE Supports US Restrictions On Semiconductor Exports To China: Report

By Shivani Kumaresan

June 11, 11:36 AM

Omar Al Olama, UAE's Minister for Artificial Intelligence, acknowledges the risk of advanced semiconductor technologies being misused by China. This statement underscores ongoing U.S. efforts to limit China's access to sensitive technology amid fears of military enhancement.

AMD

2 minute read

What’s Going On With Cybersecurity Provider Zscaler’s Shares On Tuesday?

By Shivani Kumaresan

June 11, 11:30 AM

Zscaler collaborates with NVIDIA to elevate enterprise security with AI-driven solutions. Their strategic partnership focuses on integrating NVIDIA's sophisticated AI technologies to develop advanced copilot technologies, significantly enhancing cybersecurity defenses and IT operations efficiency.

BUG

2 minute read

Why Is Academy Sports And Outdoors Stock Falling Today?

By Shivani Kumaresan

June 11, 10:44 AM

Academy Sports and Outdoors Inc (NASDAQ: ASO) shares fell after reporting disappointing Q1 FY24 earnings. Revenue dropped to $1.36 billion, missing forecasts, with comparable sales down by 5.7%. Adjusted EPS also fell short of expectations, amidst challenging economic conditions impacting consumer spending.

ASO