In Battle of the Big-Box, Target Bets on Star Power
Target is reaching for the stars – Blake Lively, Taylor Swift and Ariana Grande – to help lure customers into stores. The Minneapolis-based retailer is leaning into flashy partnerships with celebrities like Lively, Swift and Grande in an effort to boost sales, which...
Hoka is Flying Off the Shelves, Driving Deckers’s Stock
The success of the running brand Hoka is bringing major growth to parent company Deckers Outdoor Corp's stock, sending shares higher. The company’s revenue increased 20% to $1.31 billion and earnings per share increased 39% to $1.59, driven mostly by a jump in Hoka...
Boeing Union To Vote On Proposal That Could End Crippling Strike
Boeing and its largest union reach a contract proposal that includes larger pay increases. If ratified, it could end a more than high-profile and costly strike that has roiled the plane maker for more than a month. The proposal – which members of the machinists union...
Eli Lilly’s New Alzheimer’s Drug Wins Approval In Japan
An experimental Eli Lilly drug for Alzheimer’s treatment was approved last week for use in Japan, which has one of the world’s largest aging populations. The U.S. Food and Drug Administration approved Kisunla to slow cognitive functional decline three months ago....
AT&T preps for hurricane season outages
AT&T warned customers in hurricane Helene’s path that some of their network may experience outages. AT&T Inc. is one of the biggest multinational cellular carriers, with coverage of over 55% of the U.S. As of September 30th AT&T announced there have been...
Progressive stock soared 59% this year as insurance sector continues to outpace S&P 500
Insurance stocks have been market leaders so far this year – but one company is outrunning its peers. Shares of Progressive have soared 59% in 2024 thus far, making competing personal insurers like Allstate and Traveler’s appear lackluster in comparison. Still, those...
Robinhood has higher fees for options trading, study finds
A study finds that Robinhood has higher transaction costs for trading options than other competitors, disproving the company’s claim of having low fees. The study, released in early September, compares Robinhood to five other competitors including top investment...
Retail Investors still show an appetite for GME despite volatility: Meme stocks are ranked among top-traded stocks on Robinhood
Some experts think the meme stock craze seen during the pandemic is a thing of the past but retail investors still have an appetite for them, boosting their performance. Gamestop’s stock, GME, has increased 29.44% year-to-date, surpassing the 20.28% gains the S&P...
Progressive Stock Falls As Hurricane Helene Hammers Southeast U.S.
Progressive shares fell this week as Category 4 Hurricane Helene made landfall, leaving billions of dollars of estimated insurance losses in its wake. Shares of the insurance company tumbled from recent record highs this week as the storm churned toward the Florida...
Snap’s Gamble on Augmented Reality Gear
The fifth generation of Snap’s augmented reality glasses marks its continued effort to diversify revenue streams beyond ads. Snap announced the newest iteration of Spectacles glasses – which superimpose interactive graphics over the physical world via cameras and...