Star Bulk Announces Share Repurchase Agreement
Shipping company Star Bulk announces share repurchase agreement with OCM XL Holdings, leading to stock surge and reshaping ownership structure. Shares rose by 5.5% to $18.65 during early trading.
Media Stocks Volatile as Hollywood Writers Strike Continues
Investors in media stocks eagerly awaited news of a potential resolution to the ongoing Hollywood writers strike. The negotiating committee of the Writers Guild of America (WGA) announced that it had met with the Alliance of Motion Picture...
Challenges Faced by Arm Holdings PLC's Shares
Shares of Arm Holdings PLC have faced challenges and decline in the stock market. Analysts remain cautious about its future prospects and revenue growth strategy, as the company navigates potential risks.
German Government Official Challenges Auto Industry's Future Leadership
German automakers are facing challenges in the electric vehicle market, as Tesla and Chinese companies dominate global sales. This article explores the obstacles and opportunities for German automakers in the race toward the EV future.
Rupert Murdoch Steps Down as Chairman of News Corp and Fox
Media mogul Rupert Murdoch steps down as chairman of News Corp and Fox, with his son set to take over.
Ford and GM Stocks Under Pressure as UAW Strike Deadline Looms
With the UAW strike deadline approaching, Ford and GM stocks could be back under pressure. Tesla is positioned as a winner in the Detroit auto market.
Amazon to Hire 100,000 More Seasonal Workers this Holiday Season
Amazon plans to hire 100,000 seasonal workers, investing $1.3 billion in employee compensation, while other retailers take different approaches. Exciting holiday deals are also announced.
Oil Prices Continue to Rise as Supply Tightens and Demand Remains Steady
Oil prices are surging due to voluntary output cuts by Russia and Saudi Arabia, potentially reaching $100 per barrel. The Federal Reserve may pause rate hikes to curtail inflation. Despite concerns over a sluggish economic outlook, the mark...
C&C Group Expects Slight Revenue Decline in H1 2024
C&C Group expects a slight revenue decline in H1 2024 due to unfavorable weather conditions and rising living costs. Operating profit expectations and plans for the future are also outlined.
Stitch Fix Reports Narrowed Losses in Q4
Stitch Fix reports a narrower loss in Q4, although revenue declined and the active customer base decreased. CEO remains optimistic about the company's future.