Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Check out the companies making headlines in midday trading. Tesla — The stock of Tesla, the leading electric vehicle company, rose 1.5% during …
Black Friday shoppers wait to enter the Nike store at the Opry Mills Mall in Nashville, Tennessee, on November 25, 2022. Seth Herald | AFP | Getty Images Discover the top companies dominating premarket trading. Nike — The sneaker giant surged nearly 10% in premarket trading after releasing mixed earnings. Nike reported earnings of 94 …
Tilray Brands, a major cannabis company, is expanding its presence in the alcoholic and cannabis beverages market by acquiring brands from Molson Coors and Anheuser-Busch. This strategic move comes as legal restrictions continue to hinder the marijuana industry. On Friday, Tilray announced its acquisition of the remaining 57.5% equity ownership of cannabis-infused drinks maker Truss …
Major retailers and brands have contributed $14 billion in revenue to Black-owned businesses since May 2020. Over the past three years, Nordstrom, Macy’s, Sephora, Ulta Beauty, and 25 other companies have partnered with the nonprofit organization Fifteen Percent Pledge. This group aims to have companies allocate 15% of their shelf space to Black-owned brands, in …
Bud Light, produced by Anheuser-Busch, is showcased on a store shelf in Miami, Florida, on July 27, 2023. Photo by Joe Raedle from Getty Images Anheuser-Busch InBev, the largest brewer in the world, greatly exceeded profit expectations in the second quarter despite a boycott of its popular Bud Light beer in the U.S., fueled by …
Florida Governor Ron DeSantis has taken action to investigate whether AB InBev, the parent company of Bud Light, has violated its duties to shareholders amidst backlash surrounding the brand’s partnership with transgender social media influencer Dylan Mulvaney. As a conservative, DeSantis instructed the State Board of Administration to launch an immediate review into the impact …
The Netflix logo is displayed on one of their buildings in Los Angeles, California. Netflix, the streaming giant, experienced a decline of nearly 7% in its stock price after reporting mixed quarterly results. The company posted earnings of $3.29 per share on $8.19 billion in revenue, surpassing analysts’ expectations. However, analysts had anticipated earnings of …
In the face of attacks on businesses for their support of the LGBTQ+ community, companies are finding themselves caught between expressing their values and risking backlash, including violence, from a small yet vocal segment of their customer base. Boycotts against companies like Anheuser-Busch, Target, and Disney have resulted in significant public relations issues, market share …
Marchers with Starbucks paraded through the iconic intersection of Hollywood and Highland during the annual Pride Parade in Los Angeles on June 12, 2022 (David Mcnew | Getty Images). Strikes have begun at certain Starbucks stores in Seattle, following a public dispute between the coffee giant and the baristas’ union over claims of the company …
A Tesla car dealership is seen on May 31, 2023 in Austin, Texas. Brandon Bell | Getty Images Explore the top movers in premarket trading: Tesla – The electric vehicle manufacturer’s shares declined over 3% before the market opening due to a downgrade by Morgan Stanley. The downgrade was a result of Tesla’s steep valuation …