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News
Activist Bergeron targets Ethan Allen CEO, board
3+ day, 13+ hour ago (377+ words) He has also submitted a preliminary proxy to the U.S. Securities and Exchange Commission, setting up the possibility of a proxy fight. According to Bergeron, he wants complete control of Ethan Allen's board, and he has proposed five nominees, including himself…...
Macy's Q2 Beats Estimates, Raises Full-Year Guidance
3+ day, 18+ hour ago (308+ words) Macy's posted broad-based growth in its fiscal second quarter as its turnaround leans on overhauled reimagined stores. Company-wide comparable sales rose 2.7%. By banner, comps at the Macy's nameplate increased 1.1%, Bloomingdale's jumped 11.3%, and Bluemercury advanced 6.2%. Revenue came in at about $4.87 billion,…...
Hedging Spurs Risk of Even Higher Long-Term Yields
4+ day, 6+ hour ago (182+ words) Briefs Finance In times of shifting rates, steady plans help protect and grow savings. Join Briefs Finance CEO Jaspreet Singh on September 29th for a FREE live investor workshop, How to Profit From A Dollar That's Losing its Value, where he…...
Citadel Urges SEC Oversight of KPI Prediction Bets
4+ day, 6+ hour ago (1076+ words) Briefs Finance Free Live Investors Workshop The dollar is losing value. Here’s how investors can still profit. Citadel to Regulators: SEC Should Police Company-Linked Prediction Bets, Not the CFTC - Citadel Securities told Washington that prediction contracts tied to publicly traded…...
Comcast warns broadband losses persist
4+ day, 5+ hour ago (218+ words) Armstrong said competitors are advertising broadband at around $30 to $40 a month for service rated at 1 gigabyte a second. "That, to us, is not a rational price point," he said, noting those offers make investment returns hard to pencil out. The…...
DOJ Seeks More Info on Fox's Roku Deal
4+ day, 15+ hour ago (1062+ words) DOJ seeks more details on Fox's Roku purchase Briefs Finance Free Live Investors Workshop The dollar is losing value. Here’s how investors can still profit. DOJ seeks more details on Fox's Roku purchase - Fox said the Justice Department asked both…...
Celero Raises $275M for AI Data Center Links
5+ day, 15+ hour ago (469+ words) Investors just wrote a $275 million check to Celero, valuing the two-year-old networking chip startup at north of $3 billion. The round - to be disclosed Tuesday - was co-led by Atreides Management with Valor Equity Partners and CapitalG, the venture capital arm of…...
Qualcomm-AWS Pact Sends Stock Higher
5+ day, 17+ hour ago (336+ words) Qualcomm scored a marquee partner in AWS as it tries to chip away at Nvidia's AI lead, and investors noticed. The stock rose 4% on the day of the announcement. In an SEC filing, Qualcomm said it issued Amazon warrants covering…...
US Housing Market: Why Renting Now Beats Buying
6+ day, 15+ hour ago (1647+ words) For most of the last 15 years, buying a house was cheaper than renting one. Buying has gotten so expensive that sellers cannot sell - so they're cutting prices and throwing in extras, because buyers keep running the numbers and choosing to…...
JPMorgan: Buy Dips as Earnings Drive Stocks
6+ day, 18+ hour ago (1065+ words) Briefs Finance JPMorgan Says Stock Pullbacks Look Buyable as Earnings Power On - JPMorgan's Mislav Matejka and team say improving profit revisions and a solid macro backdrop make equity dips worth buying. - Stocks have stayed sturdy even as bond yields hit…...