Media stocks tumble as more customers ditch cable
US stocks, led by shares of media companies, tumbled on Thursday, as earnings reports indicate more and more cable subscribers are shifting into video streaming for viewing. As people move away from traditional TV, Netflix shares soar.
Aug 09, 2015 10:19 PM EDT
'Blackfish' caused SeaWorld profit to dive by 84%
Blackfish documentary made a large impact on SeaWorld's second quarter performance leaving it with a plunge of 84%. Although there are other factors that caused the decline, the documentary is the main reason giving people the wrong impression about the captive whale. Despite all the challenges, CEO Joel Manby is still positive the company will overcome it and get back to business as usual.
New Yorkers give thumbs up to $15 per hour wage increase
Wage increase means commodity price increase. New Yorkers agreed and willing to pay more to help fast food workers elevate their standard of living. Other U.S cities will follow the phase in the next couple of years.
Good Eggs online farmers' market shuts down its operation in Brooklyn, New Orleans and Los Angeles
Good Eggs is closing down its operation in New Orleans, Los Angeles and Brooklyn. The CEO admitted they didn't understand that their target of multiplying outlets needs a different approach in business.
Latest News
Blue Bell gets green light to resume production after
The US food authorities have given approval to Blue Bell to resume its ice cream production, which was forced to stop following the reports of illness and deaths caused by listeria bacteria contamination.
Aug 07, 2015 1:55 AM EDT
Zynga increases profits but loses users; Plans to launch new game
Zynga enjoys a dramatic increase in bookings and profits yet active users are declining. The company announces its partnership with Warner Bros. in a new slot game to be launched in 2016.
Aug 07, 2015 1:25 AM EDT
Tesla's stock down 6% as it lowers car delivery forecast
Electric carmarker Tesla has reported better-than-expected second quarter results. But it lowered its car delivery forecast for the year, sending its stock tumbling.
Aug 07, 2015 1:08 AM EDT
BEA: Residential and commerical real estate investments are in the uptrend, albeit very low
The business revival in the US economy is bringing more investments back into residential and commercial real estate.
Aug 06, 2015 11:16 PM EDT
Activision Blizzard surprises Wall Street with better-than-expected profits, earnings
Game publisher Activision Blizzard has posted positive earnings reports for the second quarter of 2015, exceeding analysts' expectations.
Aug 06, 2015 10:29 PM EDT
Batman saves the day for Warner Bros: Q2 game revenue 135% higher
Despite gamers' complaints on the worst performance of Batman: Arkham Knight, Warner Bros. still managed to bag an increase of 135% on their game revenues in this year's second quarter. Mortal Kombat X and Batman: Arkham City contributed a lot to the company's games business success.
Aug 06, 2015 8:04 AM EDT
Adidas Group acquires Runtastic fitness apps for $240 million
The sportswear company, Adidas Group, bought Runtastic fitness app for $240 million. It is said that Adidas had just found a perfect partner inspiring people to stay fit and healthy and live a longer life.
Aug 06, 2015 7:29 AM EDT
Greek stock market reopens to huge losses after five-week shutdown, hopes to recover with upcoming bailout
The Greek stock market was forcibly closed at the end of June after the country defaulted due to its debt. Reopening after more than a month of excruciating wait, the market sees heavy losses, especially from the country’s top four banks.
Aug 06, 2015 2:08 AM EDT
Good times is coming? Wall Street's Laszlo Birinyi sees S&P 500 climbing 52% in two years
The S&P 500 has risen around 2% so far this year, and long-time stock market forecaster Laszlo Birinyi says US stocks will continue to rise. Birinyi expects the index to climb 52% by 2017.
Aug 06, 2015 2:05 AM EDT
Giant coal company Alpha Naturals seeks bankruptcy court protection
Alpha Natural Resources will file for bankruptcy court protection to allow them to continuously restructure their operation as well as their debt. The company believed that there is still future for them and the U.S. coal industry if they could cut down $3 billion of the company's debt.
Aug 05, 2015 11:56 PM EDT
Baltimore Homes Price Down, Rentals Up
Home prices in Baltimore plummeted but rentals soar due to numerous stall foreclosures. Sam Khater, deputy chief economist of CoreLogic, disclosed that in May alone 13.6% of the transactions belong to the real estate owned foreclosure.
Aug 05, 2015 11:09 PM EDT
White House hosts first-ever Demo Day for startups; KIND founder Daniel Lubetzky invested $3M on three startups owned by women
Daniel Lubetzky announced in the White House Demo Day that he's funding three health food startups; 479 Degrees, GimMe Health Food and EatPops.
Aug 05, 2015 1:30 AM EDT
Most Popular
Newsletters
Stay ahead in finance. Subscribe for expert insights, market updates, and investment strategies. Join our newsletter to secure your financial future.
Latest News
