News
Volkswagen Shares Rise After China Factory Audit
Volkswagen shares rise following completion of audit at jointly owned factory in China, with no evidence of human-rights violations found. The findings provide...
tinyBuild Revenue Forecast Falls Short
Shares of tinyBuild fall as they project lower-than-expected revenue. The company plans to reduce costs and consider a future equity fundraise.
The Future of Beer Investing
Investors in the beer industry can expect a favorable outlook, with potential opportunities in distillers and brewers. Soft drinks also offer resilience in chal...
RBC Capital Markets Warns of Uncertainty in Crude Oil Markets
RBC Capital Markets highlights two months of uncertainty in crude oil markets as OPEC compliance levels with production cuts are not reported until late January...
Twilio Inc. to Cut Workforce and Incur Severance Charges
Twilio Inc. plans to reduce its global workforce by 5% leading to severance charges of $25-35 million. The majority of charges will be recorded in Q4 2022, with...
Roche to Acquire Carmot Therapeutics in $3.1 Billion Deal
Roche announces its acquisition of Carmot Therapeutics for $3.1 billion, expanding their portfolio of obesity drugs. Positive market response seen. Categories:...
Anheuser-Busch InBev S.A. ADR (BUD) Shows Modest Gains
Anheuser-Busch InBev S.A. ADR (BUD) shows moderate gains in the market, with comparisons to competitors and analysis of trading volume.
U.S. Forces Saudi Aramco Fund to Divest from AI Chip Startup Backed by OpenAI CEO
The U.S. government orders a Saudi Aramco venture capital fund to sell its shares in Rain AI, an AI chip startup backed by OpenAI CEO Sam Altman.
Kroger Reports Increase in Gross Fuel Margins
Kroger reports a 14% rise in gross fuel margins for Q3, along with the success of its fuel rewards program. The company also highlights its merger plans with Al...
Wells Fargo Faces Lawsuit Over Overtime Pay for Senior Premier Bankers
A class action lawsuit has been filed against Wells Fargo over the denial of overtime pay for senior premier bankers, violating labor laws and affecting many em...