usa
Faraday Future (FFIE) stock went parabolic on Thursday in a high-volume environment, making it one of the best-performing companies in Wall Street. It jumped by over 125%, pushing its market cap to over $100 million, according to Yahoo Finance. Why FFIE stock soaredFaraday Future shares jumped to a high of $8.10, its highest level in over three weeks. This rebound happened as its total volume jumped to over 123 million, higher than the average 3.1 million. It also happened on the same day that Tesla shares dropped by over 4%. In most cases, EV companies tend to track Tesla’s performance. The r...
Invezz
Sprout Social Inc. (NASDAQ: SPT) is in the spotlight today after KeyBanc Capital Markets downgraded the stock from Sector Weight to Underweight with a new price target of $28, reflecting a 17.5% downside from its current trading price. KeyBanc’s downgrade is primarily driven by concerns over weak bookings, which have not only slowed significantly in the first half of the year but also declined year-over-year on an organic basis. Analyst Jackson Ader warned that this slowdown in bookings was expected to have a lasting negative impact on Sprout Social’s financial performance, influencing future ...
Invezz
In a surprising move that has caught the attention of both the fast-food and entertainment industries, Chick-fil-A, widely known for its chicken sandwiches, is venturing into the streaming business. The fast-food giant is launching a new streaming service aimed at promoting its brand through original content, a bold step that raises questions about the potential impact on existing streaming giants and the fast-food industry. Chick-fil-A’s streaming ambitionsChick-fil-A’s decision to enter the streaming market marks a significant shift in its branding strategy. The company has partnered with ma...
Invezz
Cava, the Mediterranean fast-casual chain, is poised to make waves with its upcoming Q2 earnings report. Investors are eagerly anticipating the results, as the company’s stock has recently soared to a new all-time high of $102.39. Cava is expected to report a 27% increase in net sales, reaching $219 million, and adjusted earnings per share are projected at $0.13. This impressive growth follows a strong first quarter, where the company raised its sales growth guidance, establishing itself as a standout performer in the fast-casual dining sector amid broader industry challenges. What does Cava’s...
Invezz
Baidu, China’s leading search engine and a pioneer in artificial intelligence (AI), reported a 0.4% decline in revenue for Q2 2024, totaling 33.93 billion yuan ($4.67 billion). While this figure slightly surpassed analysts’ expectations of 33.55 billion yuan, it underscores the challenges Baidu faces as it navigates an increasingly competitive AI landscape and a slowing Chinese economy. Despite these hurdles, Baidu remains committed to strengthening its position as a major AI player. Baidu’s online marketing revenue drops by 2%Over the past few years, Baidu has been steadily transitioning from...
Invezz
The Philadelphia Eagles have made a significant move to bolster their receiving corps, acquiring wide receiver Jahan Dotson from the Washington Commanders. The trade, announced on Thursday, involves the Eagles sending a 2025 third-round pick and two 2025 seventh-round picks to Washington in exchange for Dotson and a 2025 fifth-round pick. Details of the tradeJahan Dotson, a former first-round pick, joins the Eagles after two seasons with the Commanders. Drafted 16th overall in the 2022 NFL Draft, Dotson had a promising start to his NFL career. During his rookie season, he played in 12 games an...
Invezz
Deauville (AFP) - Francis Ford Coppola, Michael Douglas, Natalie Portman... Le festival du cinéma américain de Deauville, en Normandie, qui révèle depuis un demi-siècle les futurs talents du cinéma outre-Atlantique accueillera en septembre une farandole de stars pour souffler ses 50 bougies. Un an après une 49e édition privée de nombreux invités en raison de la grève du secteur outre Atlantique, le festival de Deauville fêtera ses 50 ans en grande pompe du 6 au 15 septembre. L'invité d'honneur Michael Douglas, gratifié d'un film hommage à sa carrière, donnera le coup d'envoi du festival et le ...
AFP (Français)
Deutsche Bank (NYSE: DB) has made significant progress in settling its longstanding dispute regarding the Postbank acquisition. The progress has sparked optimism among the shareholders as the company can now not only put the issue behind it but also free up the money that was reserved for settling the lawsuit. The lawsuit has been a significant legal overhang that has weighed on the company’s financial performance and dividend prospects. However, it has now reached agreements with nearly 60% of the plaintiffs, making further processes easier for the company. How will it help Deutsche Bank’s Q3...
Invezz
In a recent update, the number of Americans filing for new unemployment benefits rose by 4,000 to a seasonally adjusted 232,000 for the week ending August 17, according to the Labor Department. This uptick, while slightly above economists’ expectations of 230,000, indicates a gradual cooling of the labor market rather than a dramatic downturn. Despite the slight increase in jobless claims, the US labor market continues to demonstrate resilience. Layoffs remain at historically low levels, and while hiring has slowed, the overall demand for labor persists. This stability, buoyed by an increase i...
Invezz
Seit US-Präsident Joe Biden das Handtuch geworfen hat und seiner Vizepräsidentin Kamala Harris den Vortritt lässt, schweben die Demokraten auf Wolke sieben. Sie stellen sich geeint hinter ihre neue Präsidentschaftskandidatin und zelebrieren sie festlich auf dem Parteitag der Demokraten in Chicago. Politische Schwergewichte – wie Michelle und Barack Obama, Bill Clinton – stellen sich hinter Harris. Auch Talkshow-Legende Oprah Winfrey spricht sich offen für die 59-Jährige aus. Für gute Stimmung sorgen etwa Stevie Wonder und John Legend. Die Demokraten und ihre Anhängerschaft haben durchaus was z...
Watson
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