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Target Reports Its Best Quarter Yet with an 80% Increase in Profit

Rebecca Urena08/19/202008/19/2020

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Target (NYSE: TGT) on Wednesday reported its best quarter to date after reeling in millions of new online customers and increasing profits by over 80% to USD1.7 Billion. Shares...

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Nikola Shares Skyrocket 22% Amid Huge Electric Garbage Truck Deal

Rebecca Urena08/10/2020

5744

Nikola (NASDAQ: NKLA) shares skyrocketed approximately 22% on Monday as the company announced an order of thousands of all-electric garbage trucks for Republic Services. “Nikola specializes in heavy-duty, zero-emission...

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Nike Innovates Executive Team & Announces Job Cuts

Rebecca Urena07/22/2020

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Nike (NYSE: NKE) announced on Wednesday several company changes including leadership adjustments and job cuts as a means to enforce the digital side of the business. Throughout the pandemic,...

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Bed Bath & Beyond Shares Fall as it Prepares to Close 200 Stores

Rebecca Urena07/09/2020

3704

Bed Bath & Beyond (NASDAQ: BBBY) revealed Wednesday that its sales had fallen almost 50% in its recent quarter, despite online sales skyrocketing over 100% throughout April and May...

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Hertz Intends to Sell $1 Billion in Stock After Going Bankrupt

Rebecca Urena06/12/2020

9850

Hertz Global (NYSE: HTZ) shares skyrocketed over 70% to USD3.56 in premarket trading Friday amid news that the company planned to sell USD1 Billion in shares. In a risky...

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Starbucks Loses Out On $3 Billion Due to Pandemic

Rebecca Urena06/10/202006/10/2020

3184

Starbucks Corporation (NASDAQ: SBUX) said that due to the coronavirus pandemic it had lost approximately USD3.2 Billion in revenue during its third quarter. Shares fell 3% Wednesday in early...

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Macy’s Shares Plummet 5% as it Anticipates ‘Gradual’ Recovery

Rebecca Urena06/09/2020

3678

Macy’s (NYSE: M) shares tumbled over 5% Tuesday after having shot up 12% in premarket trading, following Monday’s news that it had secured financing. The company stated that it...

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Volkswagen Finalizes $2.6 Million Deal With Argo AI

Rebecca Urena06/02/202006/02/2020

4479

Volkswagen AG (OTC: VLKPF), has officially closed its USD2.6 Million investment deal in Argo AI, the Pittsburgh-based self-driving start-up. Ford Motor also acquired a majority stake of the start-up...

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Sony to Invest USD 400 Million in Bilibili

Bryan Shin04/09/2020

9963

Sony Corp. America will invest USD 400 Million in an equity investment in Bilibili. Sony intends to collaborate with the Chinese video site to attract China’s Gen Z. Subsidiary...

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March 13, 2020 Weekly Wrap up LIVE from the floor of the NYSE

financial buzz03/13/2020

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On Monday anxiety increased after Saudi Arabia slashed crude prices over the weekend, abandoning its attempts to support the oil market. At the open, markets sold off so intensely...

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