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 […]

The futures were flat as we start off the trading week. This came after a big Friday rally that saw all the major indexes close higher, with the Dow Jones industrials leading the way with a strong 2% gain. Despite a jobs number that came in much hotter than expected, the unemployment rate, which was the lowest since 1969, ticked […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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: […]