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...
Peloton rises equipment prices amid declining sales
Peloton is hiking prices on some retail products, mostly in markets outside of the US, the company said in a September 12 statement. In the U.S., the Peloton Row had a 10% price increase, jumping from $2,995 (according to Amazon) to its current price of $3,295. The...
Nike’s Stock Is Trending Up After Company Ousts Its CEO
Less than two weeks after Nike Inc. parted ways with its CEO John Donahoe, the sneaker giant’s stock is looking up. The rise in stock price is a sign that investors see the company rebounding from its current struggles. Nike’s stock rose more than 10% in the twelve...
Ulta kicks off ‘Wicked’ film collaboration ahead of crucial holiday season
Ulta Beauty has announced an exclusive collaboration with Universal studios as part of its holiday product offerings. The collaboration for the film “Wicked,” which releases in November, includes a variety of limited-edition products and tools from a variety of...
Electronic Arts Stock Rises After FC Game Release
Electronic Arts shares rose Friday after the release of its latest soccer simulation game EA Sports FC 25, despite lackluster reviews. The company boasted a new, faster-paced mode in the 32nd installment of the game called Rush. It also touted an improved motion...
Ethical eggs crack the market and surpass competitors
Consumers are increasingly interested in ethical food products, and investors are taking notice. Just look at eggs. Big names in the egg industry – Vital Farms and Cal-Maine Foods – outperformed the S&P 500 this year, but Vital Farms is the standout. Avian flu...
Rivian CEO emphasizes consumer choice amid slowing EV demand
Electric vehicle adoption is going through a rough patch. Electric truck pioneer Rivian has a simple answer: give consumers more choices. Offering consumers a wider variety of electric vehicles is “one of the core reasons Rivian exists,” said founder and CEO R.J....
Nike’s Recent Mistakes Bust the Race for the Running Shoe Market Wide Open
Stocks for running shoe companies are red hot. It’s just not the brands you would expect that are cashing in. Asics’s stock is up 105% in the past year. On Running’s (ONON) and Hoka’s (DECK) stocks are up 82% and 81%, respectively, far outpacing the S&P 500....
Radio companies are take big risks to keep up with Spotify, investors say eventually they could pay off
Streaming giant Spotify has made the loudest sound in the stock market this year compared to its rivals - but analysts warn that previously overlooked radio stocks could make a significant comeback in the near future. Spotify’s price performance has been in a league...