Roku Partners With Walmart to Bring Commerce to TV Ads
(Roku) Roku has announced that it has partnered with Walmart to bring featured products by the e-commerce retailer on its TV streaming platform. The company says that Walmart will be…
Alibaba Jumps 10% After China Reportedly Agrees to Ant’s Financial Holding License
(Reuters) Shares of Alibaba rose more than 10% on Friday after reports indicated China had accepted Ant Group’s application to become a financial holding company. The grant is expected to…
Steel Dynamics Guides a Record Earnings in the Second Fiscal Quarter
(Steel Dynamics) Steel Dynamics expects record earnings per diluted share of $6.33 to $6.37 in the second quarter, reflecting strong demand and higher pricing. Steel Dynamics says that the earnings…
Sidus Space Soars 65% After Disclosing NASA Services Contract
(Sidus Space) Shares of Sidus Space Inc. rose more than 65% on Thursday on the news it was part of the Collins Aerospace team that was awarded a services contract…
Commercial Metals Company Grows Earnings by 140% in Q3 2022
(CMC) Commercial Metals Company reported net earnings of $312.4 million in the third quarter of 2022, up 140% from the prior year. Earnings per share was reported at $2.54 in…
Kroger Grows Identical Sales by 4.1% as Q1 2022 Results Beat Estimates
(Kroger) Kroger reported a 4.1% increase in identical sales, without fuel, in the first quarter of 2022. The increase compares to a decline of a similar margin in the prior…
Ferrari N.V. Targets 60% Hybrid and Fully Electric Offerings by 2026
(Ferrari) Ferrari N.V. says 60% of its product offerings will be hybrid and fully electric by 2026 while continuing with the evolution of the internal combustible engines. While detailing its…
Nio Jumps 5% After Unveiling a New Mid-Range SUV
(Bloomberg) Shares of Nio Inc. rose more than 5% on Wednesday after unveiling a five-seater SUV, with a driving range of 485 kilometers or 300 miles. The new car, ES7,…
Cheniere Energy Announces the Repurchase of $340M Shares From Carl C. Icahn
(Cheniere) Cheniere Energy Inc. has repurchased about $350 million worth of shares controlled by affiliates of Carl C. Icahn. Cheniere says it bought the shares for $130.52 per share, the…
Hertz Jumps 6%s After Announcing Another $2.0B Share Repurchase Program
(Hertz) Hertz Global Holdings rose more than 6% on Wednesday after approving a new $2.0 billion share repurchase program. The new authorization comes after Hertz announced another $2.0 billion buy-back…
Splunk Announces Mega Fintech Nubank Is Using Its Cloud Platform
(Splunk) Splunk Inc. has announced that Nubank, the largest fintech bank in Latin America, is using its cloud platform to power and optimize its business. Splunk says the cloud platform…
FedEx Jumps 11% After Hiking Dividend by 53%, Updates Governance Changes
(FedEx) FedEx stock rose more than 11% on Tuesday after announcing a quarterly cash dividend of $1.15 per share. The declared dividend represents an increase of 53%, or $0.40 per…