Category: Stock News

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Stock News

Amazon to Shut Down Wholesale Distribution in India

Amazon Inc announced on Monday that it is shutting down its wholesale distribution in India, which was the latest of the retailer’s series of retreats in key overseas markets. The shutdown will affect small neighborhood

Stock News

Adidas Investigates Misconduct Allegations Against Kanye West

Adidas announced on Thursday that it started an investigation regarding the allegations that Kanye West forced employees to watch explicit materials and had shown predatory behavior towards some female staff. The investigation came following an

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Stock News

Tesla Soars on Citi Upgrade

After dropping to a 52-week low a day earlier, Tesla Inc soared by nearly 8.00% on Wednesday following the Citi analysts’ upgrade that raised the stock rating to neutral. Tesla investors found relief in this

Stock News

Glazer Family to Consider Manchester United Sale

The Glazer Family, Manchester United’s owner, has confirmed that they are considering selling the football club, stating that they are evaluating every strategic alternative, including a sale, club investment, and other transactions. A post on

Stock News

Disney Rehired Bob Iger as CEO

Disney announced the reinstatement of Bob Iger as the company’s CEO, effectively replacing Bob Chapek, who took over Disney on February 2020, a month before the Covid-19 pandemic. Bob Iger had served as Disney’s CEO

Stock News

Gap Soars, Beating Estimates on Strong Trading Day

Gap Inc, known for its brands Athleta, Old Navy, and Banana Republic, soars about 10% in after-hours trading after reporting $282 million in quarterly sales that beat the consensus estimates. The San Francisco-based retailer’s total