usd
GameStop Corp. announced on Friday that it expects a substantial decline in sales for the first quarter of fiscal 2024. The company projects revenue to fall by approximately 28%, from $1.2 billion in the same quarter last year to a range of $872 million to $892 million. GME reduced net loss forecastDespite the anticipated drop in sales, GameStop’s preliminary report indicates an improvement in net loss. The company estimates a net loss between $27 million and $37 million for the quarter, compared to a net loss of $50.5 million in the same period last year. This projected reduction suggests tha...
Invezz
The U.S. Senate voted 60-38 on Thursday to overturn the controversial Securities and Exchange Commission (SEC) crypto policy known as Staff Accounting Bulletin No. 121 (SAB 121). This move aligns with a similar effort by the House of Representatives to erase the policy. Despite this legislative push, President Joe Biden has pledged to veto the resolution, maintaining the policy’s enforcement. Bipartisan support and veto challengeThe vote saw a dozen Democrats joining a majority of Republicans in favor of overturning SAB 121, comfortably surpassing the simple majority needed for passage. Howeve...
Invezz
Nvidia’s chief, Jenson Huang, saw his compensation package swell by 60% in fiscal 2024, driven by a substantial rally in the company’s share price and triple-digit growth in both revenue and operating profit. Huang’s total compensation rose to $34.16 million from $21.35 million the previous year, consisting of an unchanged base salary of $996,515, stock awards worth $26.67 million, non-equity incentive compensation of $4 million, and other compensation amounting to $2.494 million. Huang’s wealth and shareholdingDespite this significant pay increase, the impact on Huang’s overall wealth, estima...
Invezz
The Dow Jones Industrial Average (DJIA) has surpassed the 40,000 mark, a significant milestone that reflects the growth and resilience of the stock market. This achievement comes after a historic journey, where it took the index 103 years to reach 10,000 during the dot-com boom in March 1999, another 18 years to cross 20,000 in January 2017, about 3.5 years to surpass 30,000 in November 2020, and another 3.5 years to eclipse 40,000. Key background on the DowThe Dow differs from the U.S.’ two other leading stock indexes—the S&P 500 and the tech-heavy Nasdaq Composite—in its narrower basket of c...
Invezz
Dell Technologies Inc. (NYSE:DELL) experienced a surge on Wednesday, with its stock rising more than 9% after Morgan Stanley raised its price target from $128 per share to $152 per share. This boost reflects growing investor confidence in Dell’s performance and future prospects. Analyst’s AI revenue expectationsMorgan Stanley analyst Erik Woodring highlighted Dell’s strong position in the artificial intelligence (AI) server market as a key factor in the increased price target. Woodring projected that Dell will earn approximately $10 billion in AI server revenue in fiscal 2025, which concludes ...
Invezz
A group of eight TikTok creators has filed a lawsuit against the US government to block its ban on the social media platform, asserting that the ban infringes on their First Amendment rights. The lawsuit was filed on Tuesday, emphasizing that the prohibition hampers their ability to create and disseminate content, and limits their access to diverse forms of expression available through TikTok. TikTok creators claim against restrictions on free speechThe creators argue that the legislation supporting the ban unfairly portrays TikTok as a manipulator of minds and a disseminator of propaganda. Th...
Invezz
Tupperware Brands Corporation (NYSE: TUP) experienced a dramatic increase in its stock value, soaring 23.30% in Tuesday’s premarket trading. This significant jump follows a 36.43% rally on Monday, fueled by the resurgence of meme stock trading. The revival was sparked by a tweet from Keith Gill, also known as Roaring Kitty, marking his first social media activity in nearly three years. High short interest positions Tupperware for potential squeezeTupperware’s stock surge appears to be closely tied to its high short interest, which exceeds 24% of its total float. This substantial short position...
Invezz
In a significant shift in trade policy, the White House confirmed on Tuesday that President Joe Biden has decided to impose higher tariffs on a range of Chinese goods, including electric vehicles, semiconductors, and minerals. This decision marks a major escalation in the trade tensions between the United States and China. Details of the new tariffsThe move is aimed at “protecting” American workers and businesses from China’s “unfair trade practices.” Under the plan, the tariff rate on electric vehicles imported from China will be doubled from 25% to 100% this year, following concerns about “e...
Invezz
The stock of GameStop Corp surged in today’s trading, leading to substantial financial pain for short sellers who are facing losses amounting to $1 billion, according to data from S3 Partners. This spike in GameStop’s shares was primarily fuelled by a recent post from Keith Gill, better known by his online alias “Roaring Kitty.” Gill’s post hinted at his potential return to active trading, which has sparked considerable interest and optimism among investors. Wider impact on market favouritesThe rally did not only uplift GameStop but also positively influenced other stocks popular among Reddit ...
Invezz
Tesla Inc., under the leadership of CEO Elon Musk, has reportedly canceled the nearly completed production of its anticipated low-cost electric vehicle (EV), the Model 2, according to a report by The Information released on Monday. This decision comes as a surprise as the vehicle was nearing the end of its development phase. Tesla’s engineering challenges and strategic pivotSources close to the development team revealed that Tesla’s engineers were confident in resolving the issues that had arisen during the vehicle’s development. However, Musk made a strategic decision to suspend the Model 2’s...
Invezz
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら