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CVS Health Shares Rally On Revised Q4 Outlook; Hit New Highs
The shares of CVS Health Corporation $CVS: $106.04(0.93%) advanced to a 52-week high on the NYSE in Tuesday’s intra-day trade on the announcement that the company has revised the 2021 earnings forecast and reaffirmation of prior guidance for 2022. It came on the heels of improved performance by the company in the Q4 quarter as more and more customers are flocking in for COVID-19 vaccinations and over-the-counter testing as the covid cases in the United States are spreading like wildfire.
The New York Times Acquires Subscription-Based Sports Website 'The Athletic' For $550 Mn
The shares of The New York Times Company $NYT: $42.71(-10.69%) fell a day after the company announced that it has agreed to acquire The Athletic, the global digital subscription-based sports media business, for $550 million in cash, subject to usual closing adjustments.
Verizon, AT&T Postpone 5G Deployment Near Airports By 2 Weeks
Verizon Communications Inc. $VZ: $54.02(1.03%) and AT&T Inc. $T: $26.21(2.22%), late Monday, said that they have agreed to defer deploying C-Band wireless spectrum for a period of two weeks, avoiding an aviation safety impasse that threatened to interrupt flights beginning this week.
Wholesale Price Inflation Spikes To A Record, Rises 9.6% Over Past 12 Months
The rising inflation rate is becoming a cause of concern as the Labor Department announced on Tuesday that wholesale prices rose at a record-breaking speed in November.
General Motors Bets On Rare Earth Magnets With 2 Big Partnerships
General Motors made a couple of new announcements on Thursday regarding its ambitious switch from petroleum to battery power.
Gap Shares Plummet Over Weaker-Than-Expected Earnings Report
Gap Shares Plummet Over Weaker-Than-Expected Earnings Report Gap Inc. The Gap, Inc. $GPS: $17.84(-24.12%) shares plummeted on Wednesday after the company’s fiscal third-quarter results fell short as Global supply chain disruption caused significant product delays in the quarter.
Beyond Meat Stock Tumbles Over Less-Than-Expected Q4 Outlook
Beyond Meat Stock Tumbles Over Less-Than-Expected Q4 Outlook Earlier in the pre-market trading hours on Thursday, shares of Beyond Meat
When DoorDash Met Wolt, Stock Surged
When DoorDash Met Wolt, Stock Surged In a joint statement, on Tuesday evening, San Francisco based online food ordering and delivery platform — DoorDash, Inc, and Helsinki headquartered Wolt Enterprises OY (“Wolt”), another food delivery company, announced that they have entered into an agreement whereby DoorDash will acquire Wolt in an $8.1 billion all-stock transaction. With this, DoorDash gets an opportunity to set a foot in Europe for the first time. At present, it is spread across the cities across the US, Canada, Japan, and Australia.
Palantir Stock Continues To Bleed, Here’s Why!
which supplies big data analytics software to the government and large companies, posted its third-quarter earnings on Tuesday that surpassed the revenue expectations of the analysts and matched earnings estimates.
MIC Tesla Cars Cross 54,000 Sales Mark; Stock Bleeds After Elon Musk’s Twitter Poll
China Passenger Car Association (CPCA) said on Monday that Elon Musk-led company Tesla Inc Tesla, Inc. $TSLA: $1,162.94(-4.84%), in the month of October sold 54,391 China-made vehicles in which 40,666 cars were exported.
Peloton Stock Is Bleeding Red, Know Why!
Peloton Interactive Inc. Peloton Interactive, Inc. $PTON: $55.64(-35.35%) shares plummeted more than 34%, on Friday, opening at a 17-month low of $57.13 apiece, after the exercise equipment company posted lower-than-expected revenue figures in its fiscal first-quarter earnings report combined with a grim forecast.
The Dramatic Rise Of Shiba Inu: World’s 9th Biggest Crypto
The Japanese dog breed-inspired cryptocurrency–Shiba Inu has exceeded the market cap of companies like ETSY. Etsy, Inc. $ETSY: $250.69(3.27%) , Nokia Nokia Corporation $NOK: $5.68(-2.41%) or HP HP Inc. $HPQ: $30.33(-0.39%) . According to CoinGecko, a cryptocurrency ranking website, SHIB is now one among the top ten cryptos regarding market capitalization, ranking, one step ahead of Dogecoin (DOGE). Shiba Inu’s market cap is about $40 billion versus dogecoin’s $39 billion (approximately) as of press time.