The U.S. Department of Justice, along with 30 states, has filed a lawsuit against Live Nation, the parent company of Ticketmaster, over alleged antitrust violations. This legal action stems from a DOJ investigation that began in 2022, focusing on whether Live Nation holds a monopoly within the ticketing industry. The probe was initiated after fan
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Macy’s recent fiscal first-quarter earnings report showed positive results, with earnings per share coming in at 27 cents adjusted versus the 15 cents expected by Wall Street analysts. Additionally, the retailer’s revenue of $4.85 billion was in line with expectations, pointing to early signs of momentum in its turnaround strategy. Despite this positive achievement, Macy’s
Despite a decrease in sales, Lowe’s managed to surpass Wall Street’s expectations for quarterly earnings and revenue. This is a positive sign for the home improvement retailer, especially considering the challenges faced by its competitors in the same industry. When comparing Lowe’s with Home Depot, it is evident that Lowe’s draws less of its business
Low-cost carrier Ryanair recently announced its best-ever annual profit, showcasing a 34% increase in profit after tax, reaching 1.92 billion euros. The airline also experienced a 25% rise in revenue, totaling 13.44 billion euros for the full year. These figures are impressive, especially considering the 23% increase in passengers served, reaching 184 million travelers compared
In a recent quarterly report, Walmart has managed to surpass both revenue and earnings expectations. The company’s success can be attributed to its significant e-commerce gains, the success of newer businesses like advertising, and the ability to attract more high-income shoppers. During the three-month period that ended in April, Walmart reported an adjusted earnings per
AMC Entertainment successfully raised approximately $250 million in new equity capital through a sale of 72.5 million shares in an at-the-market offering. The offering, which began on March 28, saw the shares being sold at an average price of $3.45 per share before commissions and fees. Following the completion of the sale, AMC’s stock price
Tencent, the Chinese tech giant, exceeded analyst estimates for revenue and profit in the first quarter of the year. The company’s core gaming business saw slightly better sales, while improved profitability was achieved in its advertising and business services division. In terms of revenue, Tencent reported 159.5 billion Chinese yuan ($22 billion), surpassing the 158.4
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GameStop has once again taken center stage on Reddit’s WallStreetBets forum as discussions surrounding the video game retailer surged. This resurgence can be attributed to the return of “Roaring Kitty,” also known as Keith Gill, the individual who played a significant role in transforming GameStop into a meme stock in 2021. “Roaring Kitty” recently posted
As new college graduates step into the job market, they are faced with a slightly less promising outlook compared to last year. Reports from the National Association of Colleges and Employers show that employers are planning to hire approximately 5.8% fewer graduates from this year’s class compared to the previous year. Industries like chemical manufacturing,