AbbVie’s earnings show their dependency on Humira
AbbVie’s 2020 acquisition Allergan is helping diversify the company’s revenue but its latest earnings report shows it still has a long way to go before matching the sales brought in by its leading product. AbbVie Inc exceeded earnings expectations for sales...
AbbVie drug as a potential treatment for the COVID-19
Abbvie Inc was one of the three companies chosen for trials of Covid-19 treatment. The company submitted a drug acquired from the Allergan Inc. acquisition.
Lululemon Grows Fast But Its Rivals Do Not Stay Stagnant
Anne Howard, a mother of two teenage daughters in San Francisco, said she was a loyal Lululemon customer and enjoyed shopping at a store near her home. But when she bought a gift for her husband this holiday, she chose Nike jerseys because the No. 1 pick for her...
Netflix is capturing Bollywood like it did Hollywood. Other streamers want the market too.
With its streaming service approaching saturation in the United States, Netflix is bringing the playbook that up-ended Hollywood to Bollywood, where India offers its most promising opportunity. To claim a market-share lead in India, Netflix is taking the playbook it...
Yeti boomed on a closed economy, but faces steep competition in a re-opening one
Yeti topped the charts in 2020, hitting record sales as it benefited from a limited economy due to Covid-19 shutdowns. Still, Yeti (NYSE: YETI) has not set out a plan to stay on top amidst a vaccinated world and growing competition. When bars, theaters and...
Lululemon Offset Brick-and-Mortar Losses Amid the Pandemic With Robust Online Sales
Lululemon on Dec.10 reported $1.1 billion in sales in its third quarter, which ended Nov.1. With sales up 22% from the same period the year before, the company again beat analysts’ estimates — no surprise, given soaring demand for comfortable clothes and the huge...
Tesla’s ambitious Gigafactories may pose risk to future profits
Back in 2013, Tesla first announced its plan to build Gigafactories all over the world. Gigafactories were designed to ramp up production of cars and lithium-ion batteries to achieve the company’s mission to help the world transition to sustainable energy by providing...
Yeti posts record billion dollar earnings, but is hitting snags before the holidays
Yeti Holdings Inc. won out during Covid-19 after its online sales took off, a good sign for any luxury retailer going forward, but some missteps mean sales might pleateau into the holiday season. Yeti (NYSE: YETI) brought in record sales this summer and early...
Netflix’s final frontier is in Asia, where untapped markets make up billions of potential subscribers
In the past four years, Netflix has rapidly expanded its reach, launching in over 130 countries since 2016, aiming to capture market shares in these countries before anyone else. “The U.S. story played out years and years ago,” said Alex Giaimo, stock analyst for...
Royal Caribbean Needs to Convince Seniors Cruising Can Be Safe and Fun Again
Royal Caribbean says it’s ready for a comeback in 2021. Its most vulnerable customers aren't so sure. After experiencing the worst year in its history, Royal Caribbean Group not only has the daunting task of resuming operations in a world severely altered by the...
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Welcome to Investment Journal, a site covering the world of business right from Times Square. The site is produced by reporters at the New York City News Service and the Craig Newmark Graduate School of Journalism at CUNY. Email your comments to greg.david@journalism.cuny.edu.