Sheldon Cooper | Lightrocket | Getty Images Discover the noteworthy companies generating buzz in after-hours trading. Amazon — The e-commerce giant saw a surge of over 7% in extended trading after delivering robust second-quarter results and providing optimistic revenue guidance for the current period. Amazon exceeded analysts’ expectations, reporting earnings of 65 cents per share, …
Pavlo Gonchar | Lightrocket | Getty Images Fanatics is set to revolutionize the sports collectibles market by launching Fanatics Events, a live events business that aims to recreate the immersive experience of Comic-Con. Partnering with IMG, a leading events and talent management company owned by Endeavor, Fanatics will be the majority owner of the new …
A pedestrian walks by a Domino’s Pizza restaurant in San Francisco, Feb. 23, 2023. Justin Sullivan | Getty Images News | Getty Images Discover the companies making significant strides in the midday market. Domino’s Pizza — Dominos’ stock surged by 11.09% following the announcement that U.S. consumers can now order their products through Uber’s Uber …
A Carvana used-car vending machine displays vehicles in Miami, Dec. 9, 2022. Joe Raedle | Getty Images Check out the companies making headlines in midday trading. Carvana — Shares surged by 10% in midday trading. Carvana predicts exponential growth in its used electric vehicle segment due to high consumer demand for EVs. Lucid — The …
A Rivian logo on an Amazon.com delivery electric van photographed in Chicago, Illinois, on July 21, 2022. Jamie Kelter Davis | Bloomberg | Getty Images Discover the latest market movers during midday trading. Alibaba — U.S. shares of the Chinese company surged 8.8% in afternoon trading. Earlier on Friday, Reuters reported that Alibaba’s affiliate company, …
The recent decision by the U.S. Supreme Court to strike down student debt forgiveness has not only reintroduced a significant expense into the budgets of millions of Americans, but it has also posed a new challenge for retailers trying to anticipate consumer spending patterns. The court’s ruling has halted President Joe Biden’s plan to forgive …
Fanatics founder and CEO Michael Rubin at his office in New York. The Washington Post | Getty Images Fanatics is taking bold steps as it seeks to acquire PointsBet’s U.S. business. The sports platform company has increased its offering by 50%, now totaling $225 million, in an effort to outbid DraftKings. Earlier this month, DraftKings …
The flight test of the spacecraft VSS Unity, carried by the aircraft VMS EVE, was conducted by Virgin Galactic. Virgin Galactic Take a look at the premarket trading winners: Virgin Galactic — Shares surged by nearly 45% in premarket trading after announcing the upcoming first commercial space tourism flight in June. The company plans to …
Sports betting giant DraftKings has put forward a bold $195 million cash offer to acquire PointsBet’s U.S. assets, surpassing a previous bid by Fanatics, according to a press release. This move comes after Fanatics agreed to purchase PointsBet’s U.S. operations for $150 million in an attempt to strengthen its presence in the sports gambling industry. …