GameStop Down 19% After Firing CEO, Abruptly Cancelling Earnings Call

Shortly after releasing its Q1 earnings report on Wednesday afternoon, the shares of the video game retailer GameStop fell by nearly 20%. Not only did the report disclose a net loss of $50.5 million, but the company announced it has terminated its CEO, Matthew Furong just days earlier. GameStop Reports Net Loss of $50.5 Million in Q1 2023 The shares […]

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Unusual Options Volume for Arlo Technologies Points to a Cynical Catalyst

As the mental health strain associated with the COVID-19 pandemic clashes with rising economic pressures, the confluence of angst cynically bolsters the bullish narrative undergirding Arlo Technologies (US:ARLO). Specializing in smart-home applications and comprehensive security services, Arlo has always cut a relevant profile. However, as society hurtles toward a brave new world of diminishing police forces and escalating criminality, ARLO […]

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Thursday’s Top Analyst Upgrades and Downgrades: Chevron, Coty, Twilio, Viking Therapeutics, Xylem and More

The futures traded mixed on Thursday, after a rough day across Wall Street that saw all the major indexes close the day lower. Once again, the anxiety over the debt ceiling agreement was the headwind across the day, with Wednesday night’s vote being clouded by some strong opposition from the more conservative freedom caucus. Market pundits also pointed to Friday’s […]

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Friday’s Top Analyst Upgrades and Downgrades: American Express, Caesars, Carnival, Dish Network, Disney, Ford, Microsoft, Nvidia, Snowflake and More

The futures were trading higher, as many across Wall Street may be out the door early to kick off the long Memorial Day weekend, as the markets will be closed on Monday. The major indexes closed mixed on Thursday, with the Nasdaq the star of the day on tech strength after Nvidia posted incredible results for the quarter and delivered […]

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Latest Results Suggest Best Days Behind Canadian Banks

The words “profit down” are beginning to sound like a broken record for Canadian banks. On May 24, the Bank of Montreal (CA:BMO) and Bank of Nova Scotia (CA:BNS) reported second-quarter 2023 (April-end) results. Both banks missed analyst expectations as a result of higher loan provisions. With a possible recession in the second half of the year, the situation for […]

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Latitude shares plunge as it reveals hit from cyberattack

Save articles for later Add articles to your saved list and come back to them any time. Consumer finance business Latitude Group is likely to scrap its first-half dividend and report a loss of up to $105 million as a result of a crippling cyberattack that compromised the personal information of 7.9 million people. Shares in Latitude dropped 7 per […]

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Haverty Furniture’s Recent Dividend Hike Makes It a Perfect Dividend Capture Stock

On the landscape of dividend capture strategies, where investors seek to seize fleeting profits from dividend payments, one intriguing candidate has emerged from the depths of the stock market. Haverty Furniture Cos. (US:HVT), a stalwart in the furniture industry, recently announced a 7.1% increase in its quarterly dividend, signaling a potential opportunity for astute dividend hunters. The company operates 123 showrooms […]

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Gold Futures Settle Lower As Dollar Rises

Gold prices fell on Tuesday, hurt by a stronger dollar amid bets the Federal Reserve will raise interest rates, and on hopes the U.S. would avert a debt default. The dollar gained and yields on one-month U.S. Treasury bills jumped to a record high after Federal Reserve Bank of St. Louis President James Bullard backed two more interest-rate increases in […]

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How the buy now, pay later changes could affect you

Save articles for later Add articles to your saved list and come back to them any time. Financial Services Minister Stephen Jones’ move to regulate Afterpay, Zip and other buy now, pay later players will belatedly remove a gaping loophole that helped this industry enjoy rapid growth. That’s sensible, but we still don’t know the answer to a fundamental question: […]

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