Getty Images Key takeaways In an attempt to save the business, Party City has filed for chapter 11 bankruptcy. When the pandemic closed down in-person celebrations, the company struggled financially since they relied on social gatherings for revenue. Party City is one of many retailers that have been experiencing difficulties lately, and this bankruptcy could…
Getty Images Key takeaways Tesla announced U.S. price cuts to all its models, ranging from $3,000 to $11,000. There are multiple reasons for the cuts, including slowing sales, an EV tax credit and more competition. No one knows for sure if these cuts will benefit or harm Tesla’s profit moving forward. After cutting prices in…
Los Angeles Times via Getty Images Key takeaways: Lucid Group, a luxury electric vehicle maker, announced that it over delivered for 2022 by producing 7,180 vehicles instead of the original guidance of between 6,000 and 7,000. While Lucid’s stock is down about 79% from one year ago, the share price is up over 30% in…
Despite weak revenue growth and a drop in earnings, Netflix exceeded expectations for new … [+] subscribers, sending the stock higher in premarket trading. (Photo by Robyn Beck / AFP) (Photo by ROBYN BECK/AFP via Getty Images) AFP via Getty Images Key Takeaways Netflix New Subscribers Greater Than Expected Layoffs At Alphabet Crude Oil Climbing…
POLAND – 2023/01/18: In this photo illustration a Tesla logo is displayed on a smartphone with stock … [+] market percentages on the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Tesla is expected to publish its Q4 2022 earnings on January 25, reporting on a quarter which…
NEW YORK, NY – SEPTEMBER 12: Logos for Chinese electric car company NIO are displayed at a trading … [+] post on the floor of the opening bell at the New York Stock Exchange (NYSE), September 12, 2018 in New York City. The Shanghai-based electric car company opened for trading at $6 per share. (Photo…
Topline The Dow Jones industrial average suffered its largest daily drop of 2023 on Tuesday as a rocky earnings season rippled through Wall Street, wiping billions of dollars in value from some of the market’s largest firms, though several big-name stocks rallied. Can I make it to the wastebasket in time? It was a roller-coaster…
BURBANK, CA – SEPTEMBER 04: A Tesla supercharger station at Burbank Town Center, in Burbank on … [+] Friday, Sept. 4, 2020 in Burbank, CA. (Kent Nishimura / Los Angeles Times via Getty Images) Los Angeles Times via Getty Images A company’s success depends on creating a competitive advantage — which is hard to sustain…
A new regulation issued by the U.S. Department of Labor goes into effect at the end of January. Employers will be allowed to put politics over profits by favoring ESG-friendly options when choosing investments for the 401(k) plans they provide for their employees. Adam Curran, Curran Financial Partners Courtesy of Adam Curran In fact, they…
Bank stocks kicked off earnings season off Friday with some less than stellar numbers. (Photo by … [+] Michel Euler / POOL / AFP) (Photo by MICHEL EULER/POOL/AFP via Getty Images) POOL/AFP via Getty Images Key Takeaways Financial Stocks Underwhelm With First Batch Of Earnings CPI Report Shows Inflation Slowing Crypto Perking Up Stocks are…