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Stitch Fix Shares Fall After Laying off 15% of Workers

Rebecca Urena06/09/202206/09/2022

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Stitch Fix (NASDAQ: SFIX) has laid off 15% of salaried workers, specifically within corporate and styling leadership positions, according to an internal memo. The company’s shares fell 9% Thursday...

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Alibaba Stock Rises Following Q4 Earnings Results

Rebecca Urena05/26/2022

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Alibaba (NYSE: BABA) reported strong fourth-quarter results and its stock rose over 13% amid the news. Nevertheless, the company announced it would not be issuing a forecast for the...

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Kohl’s Shares Rise as Bidders Compete for the Company

Rebecca Urena05/25/2022

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Kohl’s (NYSE: KSS) shares climbed 15% on Wednesday, amid speculation that it could be bought out, despite the disappointing earnings report it disclosed recently. According to a report made...

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CVS Increases 2022 Forecast Following First-Quarter Earnings

Rebecca Urena05/04/2022

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CVS Health (NYSE: CVS) reported first-quarter earnings that topped Wall Street expectations and ultimately raised its guidance for the year as demand for prescriptions rose and Covid vaccines and...

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Twitter Invites Elon Musk to Join its Board of Directors

Rebecca Urena04/05/202204/05/2022

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Elon Musk is set to join Twitter’s (NYSE: TWTR) board of directors after acquiring a 9.2% stake in the social media platform. Twitter’s shares rose 3% Tuesday morning amid...

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Tesla Prepares for Another Stock Split

Rebecca Urena03/28/202203/28/2022

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Tesla (NASDAQ: TSLA) announced that it is seeking shareholder approval to split its stock for the second time in two years. The move comes as the company seeks to...

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GameStop Shares Tumble Following Q4 Earnings

Rebecca Urena03/18/2022

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GameStop (NYSE: GME) reported a loss during its latest quarter in spite of a rise in sales. A surprise to investors that were expecting the retailer to turn a...

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Kohl’s Shares Rise Amid Potential Bid from Hudson’s Bay

Rebecca Urena03/16/202203/16/2022

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Hudson’s Bay, owner of Saks Fifth Avenue, is contemplating submitting a bid for Kohl’s Corp (NYSE: KSS), according to Axios. Kohl’s shares rose 5% during early morning trading amid...

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UPS Reports Record Fourth-Quarter Earnings

Rebecca Urena02/01/2022

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United Parcel Service (NYSE: UPS) reported record fourth-quarter results and disclosed its 2022 forecast Tuesday. Amid a rise in shipping rates and e-commerce demand, shares surged 7% in premarket...

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D-Orbit to go Public Amid a SPAC Deal

Rebecca Urena01/27/202206/09/2022

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D-Orbit, an Italy-based space logistics, and transportation company, revealed plans to go public amid a SPAC deal with Breeze Holdings Acquisition Corp., which values the endeavor at USD1.4 Billion....

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