Nvidia Revenue Hits a Record After a 50% Jump in Q3 2022. Upgrades Guidance
(Nvidia) Nvidia revenue in the third quarter of 2022 was $7.10 billion, a record and a 50% jump from the prior year. Data Center revenue reached a record $2.94 billion,…
Paytm Marks Debut With a 26% Plunge as Investors Question Business Model
(FT) Shares of India’s biggest IPO Paytm fell about 26% on Thursday after market debut, with investors less upbeat about the company’s path to profitability. Investors raised concerns about Paytm’s…
Evergrande Shares Plunge After Agreeing to a $273M Deal to Sell Stake in HengTen
(Filing) Shares of embattled Chinese developer Evergrande fell about 5.7% on Thursday after news that it will sell its remaining stake of $273 million in HengTen Networks. The sale of…
Cassava Sciences Plummets 23% as the SEC Probes Experimental Alzheimer Drug Data
(WSJ) Shares of Cassava Sciences Inc. fell more than 23% on news that the SEC was examining whether the company manipulated data on their Alzheimer drug. The investigation by the…
Target Updates Guidance as Q3 2021 Revenues Jump 13.3%
(Target) Target Corporation reported total revenue of $25.7 billion in the third quarter of 2021, a 13.3% increase from last year. Comparable sales increased by 12.7% in the third quarter,…
Uber CEO Boosts Stock After Purchasing 200K Shares
(SEC Filing) The shares of Uber Technologies Inc. jumped more than 5% on Tuesday after CEO Dara Khosrowshahi bought 200,000 shares at $45 apiece. The shares worth $9 million bring…
Peloton Shares Boosted by $1B Stock Sale Announcement
(Bloomberg) Peloton Interactive Inc. shares recovered from a drop of about 8% in pre-market on Tuesday after the company announced that it would sell $1 billion worth of stocks. Goldman…
JPMorgan Flags Elon Musk’s Tweet in Lawsuit Against Tesla Over Stock Warrants
(CNN Business) JPMorgan wants Tesla to pay $162.2 million in a lawsuit accusing CEO Elon Musk of violating a contract involving the company’s stock warrants. The warrants relate to a…
Meta Sued by Investors For Loss of $100B on Stock Rout Due to Misleading Information
(CNBC) Ohio Attorney General Dave Yost has filed a class action suit against Facebook after its investors said they lost $100 billion due to stock slump over falsified statements on…
President Biden to Nominate Medical Marijuana Proponent Robert Califf to FDA
(Marijuana Moment) US president Joe Biden is expecting to nominate Robert Califf as a new commissioner to the Food and Drug Administration. Califf participated in a research summit on Cannabis…
CyrusOne to Exit Public Markets After a $15B Buyout by KKR and GIP
(MarketsInsider) KKR & Co Inc. and Global Infrastructure Partners have teamed up to take US data center operator CyrusOne private in a $15 billion deal. The all-cash deal will be…
Shell to Create a Single Line of Shares, Drop “Dutch” From Its Name
(Bloomberg) Royal Dutch Shell Plc. will terminate its dual share structure, creating a single line of shares in a restructuring move the company expects to make it competitive. Upon restructuring,…
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