Bad companies can survive when times are good, even if their business models fundamentally don't work. Carvana (NYSE: CVNA) and Wayfair (NYSE: W) made the most of the sky-high demand for used cars and home goods during the pandemic, but the bonanza is now over. Both companies are burning cash and are buried in debt, and neither might make it out of a prolonged recession.
New orders for key U.S.-manufactured capital goods increased moderately in March and data for the prior month was revised lower, suggesting that business spending on equipment likely remained weak in the first quarter. The report from the Commerce Department on Wednesday was published ahead of the release on Thursday of the government's advance estimate of gross domestic product for the January-March quarter. The economy is expected to have delivered another quarter of strong performance, thanks to a resilient labor market that is driving consumer spending.
Meta Platforms (META) is gearing up to report its first quarter earnings results after the market close on Wednesday. Ahead of this highly anticipated earnings release, Yahoo Finance's Madison Mills discusses the tech giant's past earnings performance and what investors should expect from Meta's Q1 earnings report— particularly concerning the potential impact of artificial intelligence and advertising revenue. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
CHICAGO, April 24, 2024 (GLOBE NEWSWIRE) -- A monument park and website honoring medical frontline and essential workers worldwide who risked their lives during the COVID-19 pandemic will break ground this summer in Chicago, Illinois. The COVID-19 Monument of Honor, Remembrance, and Resilience draws attention to the enormous sacrifices made by these workers and the stress they encountered. Further, the COVID-19 Monument pays tribute to those who lost the battle to COVID-19, now more than seven m
CHICAGO and WASHINGTON, April 24, 2024 (GLOBE NEWSWIRE) -- Granite Creek Capital Partners, in partnership with Boathouse Capital, today announced an investment in The District Communications Group (DCG), a full-service communications firm providing comprehensive market research and strategic communications services, primarily supporting federal government clients. DCG helps its clients cultivate awareness and incite action through impactful public interest campaigns. Founded by Navy veteran Adam
Shares of Tesla (TSLA) are moving higher on Wednesday morning, despite its first-quarter report missing out on Wall Street estimates, after CEO Elon Musk commented on the future of affordable EV options in the company's earnings call. During the call, Musk signaled a shift for the company to focus more on AI. Oppenheimer Managing Director and Senior Research Analyst Colin Rusch joins The Morning Brief to discuss Tesla's first-quarter earnings results and the current status of Tesla's operations with its products. Rusch offers insight into Tesla's current efforts with AI: "Obviously, he promise of Tesla being the leader in AI for the physical world is, I think, very compelling and one that we think is real over time. How that translates into financials is really a big question mark right now and with the Model 2 or this low-cost vehicle, we don't know where the price point is going to be, what the cost structure is going to be. And so we think there's maybe another one or two numbers costs before we start to see things inflect higher. He continues with: "From an execution period, I think they're going into a challenging period. They've made a bet that the learning cycles on their neural net will accelerate here between now and August, and they'll continue to improve the functionality on the FSD [full-self driving capabilities], and we think that's not a certainty, there's a lot of debugging that has to happen and a lot of work to get that moving in the right direction at the pace that they're talking about." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
Spotify Technology S.A. (NYSE:SPOT) Q1 2024 Earnings Call Transcript April 23, 2024 Spotify Technology S.A. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Thank you for standing by. My name is Krista and I’ll be your conference operator today. At […]
Texas Instruments (TXN) posted first quarter results that topped Wall Street estimates, but it's the company's second quarter revenue outlook that has shares jumping Wednesday morning. The semiconductor company is forecasting revenue of $3.65 billion to $3.95 billion in the second quarter, which is better than the estimate of $3.78 billion. Yahoo Finance's Brad Smith and Seana Smith recap Texas Instruments results in the video above. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
Reference is made to the announcement of Fly Play hf. (“PLAY” or the “Company”) on April 11, 2024, regarding the results of a funding round. In a meeting held today, the Company’s Board of Directors decided to exercise the authority granted by the AGM to increase the Company’s share capital by issuing new shares by up to 1,200,000,000 shares in nominal value. As previously announced, the total amount of the authorization will not be used. The Company's Board of Directors decided at a meeting tod
Top-notch biotech stock Neurocrine surged Tuesday after analysts suggested the company's depression treatment could rival ketamine.
FALLS CHURCH, Va., April 24, 2024--Lynk Global, Inc. (Lynk), the world’s leading satellite-direct-to-standard-phone service (sat2phone) provider, today announced that it has signed a contract with the Defense Information Systems Agency (DISA) to provide commercial sat2phone services to the U.S. Department of Defense (DoD), the Department of Homeland Security (DHS), and other U.S. government agencies.
NON-REGULATORY PRESS RELEASE Oslo, April 24, 2024: Ultimovacs ASA (“Ultimovacs”) (OSE ULTI), a clinical-stage biotechnology company developing immunotherapeutic cancer vaccines, today announces that the data from the Phase II clinical trial INITIUM (NCT04382664), will be presented in a poster session at the 2024 ASCO Annual Meeting, taking place May 31 – June 4, 2024, in Chicago, IL & Online. INITIUM is an Ultimovacs-sponsored randomized, comparative, multicenter Phase II trial evaluating the co
Revolutionize Rehabilitation: Explore the Lucrative Landscape of Electrotherapy Systems - Uncover Market Insights, Growth Trends, and Profitable Opportunities TodayJersey City, New Jersey, April 24, 2024 (GLOBE NEWSWIRE) -- The Global Electrotherapy System Market is projected to grow at a CAGR of 4.39% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 1125.43 Billion in 2024 and is expected to reach USD 1587.
Two of Biogen's newest drugs walloped first-quarter sales expectations on Wednesday, and helped Biogen stock jump.
Elizabeth Williams said the former president often appeared to have his eyes shut, but his demeanor changed during one particular episode.
Novo Nordisk stock: The weight-loss drug leader hit a buy point in the recent stock market rebound and is one of the best stocks to watch.
In the fallout, theaters lost big summer titles like “Mission: Impossible 8,” “Captain America: Brave New World” and “Thunderbolts” to 2025. “Deadpool & Wolverine,” once set to kick off the summer moviegoing season on May 3 like many Marvel movies before it, is now sitting happily on July 26, patiently waiting to dominate the summer charts.
BELLEVUE, Wash., April 24, 2024--It’s nearly Small Business Week and T-Mobile is going big for small business customers with deals starting April 25! T-Mobile is launching Business Unlimited Edge and new small business customers that add at least 10 or more lines can get up to a $1,000 credit for each voice line on Business Unlimited Edge – that’s like $10,000 back in their pockets!
Researchers call it the “loneliness epidemic,” and it’s impacting the majority of parents.
Global Vegetable Seeds Market Global Vegetable Seeds Market Dublin, April 24, 2024 (GLOBE NEWSWIRE) -- The "Global Vegetable Seeds Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Top Companies Analysis" report has been added to ResearchAndMarkets.com's offering.The Global Vegetable Seeds Market is expected to be valued at US$ 11.78 Billion by 2030 from $7.55 billion in 2023, growing at a CAGR of 6.56% Demand for veggies has multiplied as more peopl
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