Walmart’s underwhelming full-year guidance catalyzed a momentum stock meltdown this time last year.
Category: Business
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Logan Paul sells ultrarare “Pokémon” card to AJ Scaramucci in a record deal
The $16.5 million sale sets a new record for the most expensive trading card ever sold, though the sale has garnered controversy among crypto participants. -
Bitcoin struggles to reach $70,000 as it heads for worst Q1 since 2018
If bitcoin ends February in the red, it will be its fifth consecutive monthly loss, and one analyst says bitcoin could “revert to $10,000.” -
President Trump, the “undisputed champion of beautiful, clean coal,” wants the Defense Department to start buying more of it
US total coal consumption, however, has plummeted in the last two decades. -
Three Gemini top executives leave in “big shakeup,” shares plummet
COO Marshall Beard, CFO Dan Chen, and CLO Tyler Meade are all out as of today. -
AMC gains amid report on efforts to refinance $2.5 billion in debt
Bloomberg reports that the theater chain is marketing a $750 million term loan and seeking $1.73 billion in secured debt, citing a person with knowledge of the matter. -
Florida-based construction company announces $1.5 billion merger with drone maker Xtend in pact backed by Eric Trump
JFB shares climbed 14% in premarket trading. -
ServiceNow CEO steps up with $3 million stock purchase announcement as executives cancel stock-selling plans
A vote of confidence from the C-suite. -
Younger companies and leaders embrace more remote work, new study finds
Firms founded in the past decade have nearly twice the WFH rates of those started before 1990. -
Video game experts say Google’s Project Genie isn’t an industry killer. Investors don’t seem convinced.
Analysts and company execs are trying to dispel fears around AI’s impact on gaming, but Wall Street is still wary. -
Fund managers fretting over Corporate America’s “overinvestment” are only worried about one thing
Being concerned about “overinvestment” is really a very narrow statement about worries over hyperscalers’ ROI. -
Netflix has granted Warner Bros. a 7-day waiver to resume deal talks with Paramount to hear out their best and final offer
Unlike a lot of sub-par Netflix originals, the plot is actually thickening.
