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Sketchers' (SKX) Q1 results gain from increased demand for comfort technology and advantageous pricing, with a strategic focus on global expansion and achieving a $10-billion sales target by 2026.
Staff at CVS Health's unit Omnicare in Las Vegas voted to join the Pharmacy Guild, becoming the first location at the national pharmacy chain to join the union.
Exxon CEO Darren Woods said the technology is currently unaffordable with CO2 removal costing between $600 to $1,000 per ton.
Embattled cineplex operator AMC Entertainment (NYSE: AMC ) may be mulling over a debt extension proposal. According to inside sources familiar with the matter, such a move would push back the company's near-term debt maturities.
GBAB is a diversified fund that primarily invests in taxable municipal bonds, bank loans, and high-yield credit securities. I previously gave GBAB a "hold" rating due to headwinds and better investment opportunities and that is an argument that holds up to this day. I see the premium to NAV and tight corporate bond spreads as reasons to stay cautious on new positions here.
A few years after electric vehicles seemed poised to dominate the automotive industry, the stock market has sharply turned. Now, investing in electric vehicle stocks is an exercise in pain tolerance.
Roku Inc (NASDAQ:ROKU) shares plunged almost 10% as its sales guidance for the second quarter missed estimates and it cautioned the benefits of price hikes are waning amid rising competition between ad-supported streaming services. For Q2, Roku projected revenue of $935 million, below estimates of $955 million.
Meta announced a $35 billion investment in artificial intelligence (AI) for this year, signaling an aggressive push in the escalating tech arms race. This colossal investment raises pivotal questions about the future of AI development and its financial viability.
Snap grew faster than expected in the most recent quarter thanks to a couple of factors. The company's outlook implies an ongoing high price to stimulate long-term growth, which is something to be aware of.
Hartford Financial's (HIG) quarterly results suffer from elevated loss trends in homeowners and auto business. Higher earned premium growth partially offset the negatives.