Business
Jefferies Financial Group Sees Modest Q3 Rise
Jefferies Financial Group (JEF) has reported its first quarterly surge in investment banking revenue since the close of 2021, indicating a potential upswing in dealmaking...
CarMax Reports Lower Quarterly Profits
CarMax, a prominent player in the preowned car market, reported a dip in its quarterly profits on Thursday, attributing it to a waning demand for...
Ryan Cohen Takes Helm as GameStop CEO
GameStop (GME), the prominent video game distributor and a darling of the meme stock frenzy, has announced the appointment of Ryan Cohen as its new...
Epic Games Pushes for Supreme Court Review of Apple Case
In a pivotal move on Wednesday, Epic Games, the developer behind the popular game Fortnite, petitioned the US Supreme Court to scrutinize an ongoing antitrust...
H&R Block, Meta, Google Face Class-Action Spyware Lawsuit
In a proposed class-action lawsuit, Google (GOOG, GOOGL), Meta (META), and H&R Block (HRB) stand accused of illicitly collaborating in the use of spyware to...
Costco Exceeds Q4 Projections Despite Wage Concerns
In a robust fiscal fourth quarter (Q4) performance, wholesale retail giant Costco (COST) surpassed Wall Street projections, though investor caution lingers over wage inflation and...
Meta Unveils AR/VR headsets and Ray-Ban Smart Glasses
Meta CEO Mark Zuckerberg took center stage at the Meta Connect conference on Wednesday, revealing two groundbreaking high-tech devices poised to reshape the digital landscape:...
Nike Q1 Results: Wall Street Anticipates Slowdown Impact
Athletic apparel giant Nike is set to unveil its fiscal first-quarter (Q1) results after Thursday’s market close, amid heightened investor scrutiny over consumer spending trends...
FTC vs Microsoft: Activision Blizzard Acquisition Rekindled
The Federal Trade Commission (FTC) has resurrected its legal challenge against the monumental $69 billion acquisition of gaming juggernaut Activision Blizzard by Microsoft. Filed on...
FTC Alleges Monopoly: Amazon Faces Antitrust Lawsuit
The US Federal Trade Commission (FTC) and 17 states have jointly filed a groundbreaking antitrust lawsuit against e-commerce behemoth Amazon (AMZN) on Tuesday, alleging the...
