Month: June 2022
Star Wars is mostly TV now — and the Disney franchise’s often-fractured fanbase is cool with that
Ewan McGregor reprises his role as Obi-Wan Kenobi in the new Disney+ series “Obi-Wan Kenobi.” Disney ANAHEIM, California — By the time Oscar-winning filmmaker Taika Waititi’s untitled Star Wars film is set to hit theaters in late 2023, it will have been four years since a tale from a galaxy far, far way has been […]
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Why Meta drop on Sandberg’s exit is a good chance to snap up shares
While we will miss the leadership of Sandberg — the company’s COO and No. 2 to CEO and co-founder Mark Zuckerberg — it doesn’t change our investment thesis. Source
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GameStop reports $158 million loss and decline in hardware sales
A GameStop location in New York, Dec. 23, 2021. Scott Mlyn | CNBC GameStop reported $1.38 billion in revenue in its fiscal first-quarter earnings report Wednesday, up slightly from the $1.27 billion it reported in the year-ago quarter. But, it also reported a $157.9 million net loss, which is worse than the $66 million net […]
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Stocks making the biggest moves after hours: Chewy, MongoDB, Hewlett Packard Enterprise and more
A dog sits in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Chewy — The pet retailer’s shares surged nearly 20% after hours […]
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Sweeping water restrictions begin in Southern California as drought worsens
Paul Ramirez, 54, waters the front lawn at his home in Boyle Heights, California, May 11, 2022, as his dog Bandit, a 2 year old Yorkshire terrier, jumps for joy. Mel Melcon | Los Angeles Times | Getty Images Sweeping restrictions on outdoor water use go into effect on Wednesday for more than 6 million […]
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These ‘dividend aristocrats’ offer steady returns in an uncertain market, Credit Suisse says
As Wall Street starts another month with further volatility in the markets, Credit Suisse identified some “dividend aristocrats” that could offer investors steady returns. Analysts at the investment bank maintained an overweight rating on dividend stocks, even as they moved down to neutral on value stocks, according to a Friday report from the investment bank. […]
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How dollar stores can serve as inflation plays now that consumers are fighting high prices
Dollar stores could work as inflation plays for investors as shoppers try to stretch their budgets. Before their recent earnings reports, some traders were concerned that Dollar General and Dollar Tree would underperform, especially now that stimulus payments issued during the pandemic have faded. Those concerns grew after Target’s and Walmart’s dismal reports cast doubt […]
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GM slashes prices of Chevy Bolt electric vehicles despite rising commodity costs
2022 BOLT EUV Source: Chevrolet DETROIT – Despite rising commodity costs, General Motors on Wednesday slashed the price of its 2023 Chevrolet Bolt EV, likely making it the least expensive electric vehicle on sale in the U.S. The Detroit automaker cut the cost of the Bolt EV to a starting price of $26,595, down $5,900 […]
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Facebook parent Meta COO Sheryl Sandberg is stepping down
Sheryl Sandberg is stepping down from her role as Chief Operating Officer at Meta, the company formerly known as Facebook. Sandberg joined Facebook in early 2008 as the No. 2 to Facebook CEO and co-founder Mark Zuckerberg, and helped turn Facebook into an advertising juggernaut and one of the most powerful companies in the tech […]
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Jury awards Johnny Depp $15M in damages for defamation trial; Amber Heard awarded $2M in countersuit
Actor Johnny Depp gestures to spectators in court after closing arguments during his defamation case against ex-wife Amber Heard, in the courtroom at the Fairfax County Circuit Courthouse in Fairfax, Virginia, May 27, 2022. Steve Helber | Pool | Reuters A seven-person jury on Wednesday reached a verdict regarding Johnny Depp’s defamation suit against his former wife Amber Heard. […]
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