News
Hasbro Inc. shares HAS, -2.30% slid 3% in premarket trade Tuesday, after the toy company posted third-quarter earnings that roughly halved versus the year-earlier period as retailers sped up shipments for the holiday season and customers showed the pressures from high inflation. The company posted net income of $129.2 million, or 93 cents a share, […]
Uber Technologies Inc.’s UBER, +6.41% Uber Eats unit has teamed up with Leafly Holdings Inc. LFLY, -1.10% to offer pot delivery services in Toronto. “This is the first time cannabis delivery will be available on a major third-party delivery platform in the world,” Uber said. Toronto residents aged 19 or over may place orders from […]
Shares of Johnson & Johnson JNJ, +0.00% rose 2.3% toward a two-month high in premarket trading Tuesday, after the drug and consumer products company reported third-quarter profit and sales that beat expectations, with all of its business segments topping forecasts. Net income rose to $4.46 billion, or $1.68 a share, from $3.67 billion, or $1.37 […]
Bitcoin (BTC) is on track to hit a massive $2 million within six years, asset management guru Lawrence “Larry” Lepard believes. In his latest appearance on the Quoth the Raven podcast on Oct. 16, Lepard said that BTC/USD could “easily” deliver 100x returns from current prices. Lepard: “I personally believe Bitcoin’s going to go up […]
Carvana Co. shares CVNA, +0.99% have lost more than 90% of their value this year, but one analyst isn’t betting on a rally from here. Wedbush analyst Seth Basham downgraded Carvana’s stock to neutral from outperform Tuesday, writing that “a further deterioration in market conditions, a bloated cost structure, and high cash burn” make it […]
Facebook parent company Meta Platforms Inc. META, -0.25% on Tuesday said it has agreed to sell off Giphy, a social media GIF library it acquired for a reported $400 million in 2020, after the U.K.’s Competition and Markets Authority (CMA) upheld an earlier ruling for Meta to divest. In its ruling Tuesday, the CMA found […]