investment

Under Armour to Cut 3% of Workforce, Shares Jump

Under Armour to Cut 3% of Workforce, Shares Jump

Under Armour Inc. (NYSE: UAA) said on Thursday that its restructuring program will now cost more than it previously expected: It plans to cut about 400 jobs, or about 3% of its global workforce, by March.Under Armour shares jumped nearly 7% in midda..

Tesla Shares Dip After Saudi Arabia Invests USD 1 Billion in Lucid Motors

Tesla Shares Dip After Saudi Arabia Invests USD 1 Billion in Lucid Motors

Shares of Tesla Inc. (NASDAQ: TSLA) slid as much as 2% after Saudi Arabia's public investment firm announced a USD 1 Billion investment in rival Lucid Motors.The Kingdom's Public Investment Fund had previously been in talks with Tesla around..

Lululemon Shares Jump on Better-than-Expected Earnings

Lululemon Shares Jump on Better-than-Expected Earnings

Shares of Lululemon Athletica Inc. (NASDAQ: LULU) soared on Friday after the athletic retailer reported second quarter earnings that beat analysts’ estimates, boosted by strong growth in online sales.The Company said net revenue rose 25% to US..

Bank of America Downgrades EA and Activision Blizzard Due to “Fortnite” Growth

Bank of America Downgrades EA and Activision Blizzard Due to “Fortnite” Growth

Bank of America Merrill Lynch lowered its rating for both Electronic Arts (NASDAQ: EA) and Activision Blizzard (NASDAQ: ATVI) shares to neutral from buy due to the crowded holiday season and competition from Epic Games’ “Fortnite.”..

Gap Shares Tumble Same-store Sales for Gap Stores Miss Expectation

Gap Shares Tumble Same-store Sales for Gap Stores Miss Expectation

Gap Inc. (NYSE: GPS) on Thursday announced second quarter revenue and earnings that beat analysts’ estimates, but comparable sales for its Gap brand missed analysts’ expectations, sending its shares down more than 10%.The apparel Company..

Tesla Inc. has extended $1.1 billion loan agreement

Tesla Inc. has extended $1.1 billion loan agreement

Tesla Inc. (NASDAQ: TSLA) has extended its $1.1 billion warehouse loan agreement. The loan meant to finance the innovative company’s growing inventory.Tesla wrote in the recent filing published:On August 16, 2018, certain subsidiaries of Tesla..

Kohl’s shares fall despite topping earnings and sales expectations

Kohl’s shares fall despite topping earnings and sales expectations

Shares of Kohl’s Corp. (NYSE: KSS) plunged on Tuesday despite reporting fiscal second-quarter earnings that topped Wall Street profit and sales estimates and raising its profit outlook for the year.Department store chains like Kohl’s and..