A U.S. judge cited negative impacts on top-selling authors in blocking a planned $2.2 billion merger of Penguin Random House, the world's largest book publisher, and rival Simon & Schuster, according to a written opinion released Monday.
Synchronoss Technologies SNCR is set to release its third-quarter 2022 results on Nov 8.The Zacks Consensus Estimate for the top line is currently pegged at $62.40 million, indicating a 10.54% decline from the year-ago quarter’s reported figure.The consensus mark for earn
Workers at British packaging group DS Smith, whose customers include Amazon, have voted overwhelmingly to go on strike in a dispute over pay, their union said on Monday.
Pop singer Rihanna, a global superstar with nine Grammy awards, acknowledged that she still feels uneasy ahead of live performances and is nervous about taking music's biggest stage at next year's Super Bowl.
Amazon (NASDAQ: AMZN) recently released a third-quarter report that probably disappointed many investors. The e-commerce giant's revenue and earnings missed Wall Street's expectations. Moreover, revenue guidance for the important holiday quarter came in lighter than the analyst c
Finding stocks with the potential to double in a year or less is rare, but that's exactly what Wall Street analysts project for Sea Limited (NYSE: SE). With an average one-year price target of $109 against a stock price of less than $50, there's clearly a lot of projected upside.
One of the biggest hurdles new investors need to overcome is the question of "where do I start?" And while there isn't any perfect way to start investing that applies to everyone, there are some general guidelines that could be helpful. So, for the sake of this article, I'll pret
Amazon (NASDAQ: AMZN) and Etsy (NASDAQ: ETSY) have more in common than e-commerce these days. The companies share a similar stock performance story. Amazon and Etsy stocks each have dropped more than 45% this year. And they're both trading for just under $100 a share. Today's eco
For Immediate ReleaseChicago, IL – November 7, 2022 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Apple AAPL, Amazon AMZN , Alphabet GOOGL, Microsoft MSFT and Meta META.
German industry has called for a delay to a global minimum corporate tax by at least a year to 2025 to give companies more time to prepare given the current crisis, according to a position paper published by industry association BDI on Monday.
Microsoft’s stock (NASDAQ: MSFT) has lost approximately 35% YTD as compared to the 23% drop in the S&P500 index over the same period. Further, at its current price of $220 per share, it is trading 31% below its fair value of $318 – Trefis’ estimate for&
Tech stocks have been on the rise in recent years, as more and more people are investing in the latest and greatest technology. This trend shows no signs of slowing down, as new innovations are constantly being made in the tech world. Some of the most popular tech stocks include
What happened
Shares of Amazon.com (NASDAQ: AMZN) plunged 12% this past week, according to data from S&P Global Market Intelligence, furthering the decline in the online retail giant's stock price since its third-quarter earnings report on Oct. 27.
If you're investing in the stock market right now, it's important to focus on companies that have staying power in your portfolio and can rely on strong tailwinds for long-term growth. In the current environment, with ongoing macroeconomic and foreign currency headwinds, geopolit
E-commerce boomed at the onset of the COVID-19 pandemic. Multiple years of growth happened in a few months, with in-person stores closed and people quarantined in their homes. This was a boon for e-commerce stocks, with Wall Street and retail investors sending many of these compa
MercadoLibre's (NASDAQ: MELI) stock rose 5% during after-hours trading on Thursday, Nov. 3, following the release of its third-quarter earnings report. The Latin American e-commerce leader's revenue increased 45% year over year (61% in constant currency terms) to $2.69 billion, w
In today's video, Jose Najarro and Nick Rossolillo discuss some of their top stocks when investing in the data center market and some of the reasons why Meta Platforms (NASDAQ: META) continues to invest heavily in data centers. Check out the short video to learn more, consider su
It's been a brutal year for stocks, and the market got off to a stumbling start in November. With the aim of curbing inflation, the Federal Reserve announced another substantial interest rate hike early this month and signaled that more substantial rate increases could be coming
There's no doubt about it, the bear market of 2022 has been painful, even confounding. Lots of high-quality businesses that are still growing and highly profitable have been tossed out on the curb like they're last night's trash. The Federal Reserve's aggressive interest rate hik
The stock market has crumbled this year. High inflation and rising interest rates have caused the S&P 500 to dive headlong into a bear market. The broad-based index is currently 21% off its high, but many individual growth stocks have fared even worse. For instance, Shopify (