business news
Unity shares down 13% on lowered 2022 guidance, merger agreement with IronSource
IronSource at the NYSE Source: NYSE Shares of Unity fell 13% Wednesday morning after it lowered 2022 guidance and announced a merger agreement with IronSource. IronSource shares surged nearly 50%. The company lets game developers manage advertising and marketing, and view engagement through dashboards and other tools that show how agame is performing. In tandem […]
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Spirit Airlines delays vote on Frontier deal again amid concerns about lack of shareholder support
Passengers check in at the Spirit Airlines counter at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines has delayed a vote on its planned tie-up with Frontier Airlines for a fourth time as concerns mount about a lack of shareholder support. Spirit said […]
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Polestar says it’s still on track to deliver 50,000 vehicles this year despite Covid-19 disruptions
Attendees view a Polestar 2 electric vehicle (EV) during the Electrify Expo in Irvine, California, U.S., on Saturday, Sept. 18, 2021. Jill Connelly | Bloomberg | Getty Images Swedish electric vehicle maker Polestar said Wednesday that it still expects to deliver 50,000 vehicles in 2022, in line with its earlier guidance, despite Covid-related production challenges […]
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5 things to know before the stock market opens Wednesday
Traders work on the floor of the New York Stock Exchange (NYSE) on May 12, 2022 in New York City. The Dow Jones Industrial Average fell in morning trading as investors continue to worry about inflation and other global issues. Spencer Platt | Getty Images Here are the most important news items that investors need […]
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Nike is making a strategic shift in how it manufactures NCAA fan apparel in deal with Fanatics
A Nike logo shown on a Baylor University long sleeve shirt. Nike, which has apparel and equipment deals with many college sports programs, is entering into a deal with Fanatics for college fan apparel. Maddie Meyer | Getty Images Sport | Getty Images Sports merchandise platform Fanatics is entering into a long-term partnership with Nike […]
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Stocks making the biggest moves premarket: Delta Air Lines, Twitter, Snap and more
Check out the companies making headlines before the bell: Delta Air Lines (DAL) – Delta shares slid 2.9% in the premarket after reporting a mixed quarter. The airline earned an adjusted $1.44 per share for the second quarter, shy of the $1.73 consensus estimate. Revenue exceeded estimates on strong travel demand, but margins took a […]
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Raymond James says Bath & Body Works is oversold and will jump nearly 70% from here
Bath & Body Works looks like one of the best deals for investors in the retail category, according to Raymond James. Analyst Olivia Tong initiated coverage of the stock with a strong buy rating, saying in a note to clients on Tuesday evening that shares of Bath & Body Works are oversold even if the […]
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Delta posts profit despite jump in costs, vows to improve reliability after difficult summer start
An Airbus A330-323 aircraft, operated by Delta Air Lines. Benoit Tessier | Reuters Delta Air Lines on Wednesday reported a quarterly profit thanks to travelers willing to pay up to fly, more than making up for higher costs. The carrier also vowed to improve reliability after an increase in delays and cancellations prompted it to […]
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Crypto needs regulation — technology can’t remove all financial risks, BOE’s Cunliffe says
Regulators need to “get on with the job” of bringing the use of crypto technologies within the “regulatory perimeter,” says Jon Cunliffe, Bank of England’s deputy governor for financial stability. Speaking at the British High Commissioner’s residence in Singapore on Tuesday, Cunliffe shared insights on the recent “crypto winter,” which refers to a period of […]
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Chinese gaming stocks jump after Beijing approves new titles in a sign scrutiny is easing
Since April 2022, Chinese regulators have begun approving video games again after a months-long freeze in signs Beijing’s crackdown on gaming is easing. Feature China | Future Publishing | Getty Images Shares of Chinese gaming companies rose Wednesday after regulators approved a slew of new games, a sign that some of the headwinds for the […]
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