Company News

November 25, 2022

Man U Have Got To See This

Soccer is not just trending because of the World Cup this week. It’s also trending because Manchester United’s stock is going gangbusters. 😮

The soccer franchise saw its shares rise 60% this week on news that its owners are exploring a sale. And they expected a “bidding war” to take place. It was also in the news because Cristiano Ronaldo and the club mutually agreed that the superstar would leave the club “with immediate effect.”

Whether or not the rally will lead to investors scoring a goal remains to be seen. But for now, this trending stock seems to have some staying power in the minds of investors and traders. 🧠

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Company News

March 23, 2023

Another Stock On Hindenburg’s Chopping Block

Short seller Hindenburg Research has found its next target, Jack Dorsey’s Block. 🎯

After completing a two-year investigation into its Cash App business practices, the infamous short-selling firm confirmed Block as its latest short position.

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Earnings

March 27, 2023

Stuck In Rough Waters

It’s been anything but smooth sailing for cruise lines since the pandemic. And that trend is continuing today after Carnival Cruse Lines disappointed investors with its 2023 outlook. 😞

The company’s fiscal first-quarter adjusted loss per share was $0.55 on $4.43 billion in revenues. Both figures topped the expected $0.60 per share loss and $4.32 billion in revenues.

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Company News

March 28, 2023

Apple Unveils Its “Pay Later” Service

Apple is continuing its push into the services business, this time targeting the popular “buy now pay later” (BNPL) space. Today the consumer tech giant introduced its “Apple Pay Later” feature, allowing consumers to pay for purchases over time. 💳

Soon, Apple Pay users can split purchases into four payments at no cost. The four payments will be spread over six weeks without interest, fees, or immediate impact on their credit score. Users can apply for loans ranging from $50 to $1,000, which can be used for online and in-app purchases and at merchants that accept Apple Pay.

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Company News

March 20, 2023

A Match Made In Switzerland

It was another wild weekend in banking news, so let’s go through the headlines and summarize what happened. 📰

The biggest story of the day is the shotgun marriage between Switzerland’s two largest banks. Sunday afternoon, it was reported that UBS agreed to buy its embattled rival Credit Suisse for 3 billion Swiss francs (~$3.2 billion). This was up from the initial $1 billion offer made by UBS and will see investors receive 1 UBS share for every 22.48 Credit Suisse shares they own. 

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Company News

January 11, 2023

Housing Slowdown Comes Home To Roost

The Federal Reserve has outright told investors that it’s trying to slow the housing market and bring prices down. And throughout 2022, it had some success in that, with price growth slowing and overall activity declining significantly as mortgage rates hovered around 6%.

And despite all the headwinds, homebuilders remained cautiously optimistic during their earnings calls. 

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Company News

March 28, 2023

Alibaba Calls It Splits

In a post-Jack Ma era of slower growth, Chinese e-commerce giant Alibaba is turning to financial engineering to drive value. 📝

Today the company outlined the most significant reorganization in its history, designed to unlock shareholder value and foster market competitiveness. The business will be split into six separate companies, each led by its own CEO and board of directors. 🧑‍💼

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Company News

January 30, 2023

Auto Industry News

Auto stocks continue to trend heavily after last week’s earnings report from Tesla. As a result, there was a lot of auto news to recap today. 📰

First up, Toyota Motors managed to defend its title as the world’s top-selling automaker for the third straight year…despite falling sales. The company sold 10.5 million vehicles in 2022, with Volkswagen Group behind it at 8.3 million vehicles. 🏆

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