As Palo Alto Networks heads into its fourth-quarter earnings report, the stock has seen a significant increase of nearly 17% since August 5th. This outperforms the S&P 500, which has only gained about 7% during the same period. This impressive stock performance raises concerns about investor expectations for the cybersecurity company. Will Palo Alto meet
Ads
Chili’s, under the leadership of Brinker International, has experienced a significant turnaround in the past two years. The CEO, Kevin Hochman, attributes the recent success of the chain to customers finally recognizing the brand’s transformation. This transformation has been fueled by a strategic approach to menu offerings, advertising campaigns targeting fast-food rivals, and embracing social
The Social Security Administration is currently grappling with a monumental backlog of open cases, which has resulted in an estimated $1.1 billion in improper payments to beneficiaries. This crisis, highlighted in a recent report from the SSA Office of the Inspector General, has shed light on the inefficiencies plaguing the agency‘s operations and programs. The
The U.S. unemployment insurance system has come under scrutiny recently due to renewed fears of a recession. Experts have pointed out that the system is not adequately prepared to handle another economic downturn, citing major flaws that were exposed during the Covid-19 pandemic. According to Michele Evermore, a senior fellow at The Century Foundation, the
Disney has recently announced that it will be raising prices on its streaming platforms starting mid-October. The price hikes will affect most plans for Disney+, Hulu, and ESPN+, with an increase of $1 to $2 per month. The most expensive plans for Hulu, which include live TV, will see a $6 increase per month. Disney+
As Meta prepares to report its second-quarter earnings after the market closes on Wednesday, analysts are closely watching for key figures. The consensus estimates include earnings per share of $4.73 and revenue of $38.31 billion. This marks an anticipated sales growth rate of 20% from the previous year’s $32 billion, indicating a recovery from the
Bill Ackman, a billionaire investor, has decided to postpone the listing of Pershing Square’s U.S. closed-end fund, as stated on the New York Stock Exchange’s website. The initial public offering of Pershing Square USA Ltd., with the ticker PSUS, has been delayed with a new date yet to be announced. Ackman is now aiming to
Bristol Myers Squibb recently announced its second-quarter earnings, reporting results that exceeded expectations. The pharmaceutical giant has been focusing on slashing costs as part of its strategic initiatives to boost efficiency. The company aims to reduce costs by $1.5 billion by 2025 and reinvest that capital into key drug brands and research and development programs.
The 2024 football season officially starts this weekend for many fans, as Electronic Arts rolls out a long-awaited revamp of its college football game. Some fans of the old game who have spent less time with their XBox and PlayStation in recent years are quickly realizing they’ve got a lot of practicing to do. A
The landscape of media acquisitions is ever-evolving, and the latest player to throw their hat in the ring is Barry Diller’s IAC, an internet media and publishing company. Reports have surfaced that Diller is exploring the possibility of acquiring National Amusements Inc., which is the controlling shareholder of Paramount Global. This move could potentially give