The iconic shophouses that line the streets of some of Singapore’s old neighborhoods have been garnering attention from investors, including the likes of Jack Ma’s wife, Hong Kong superstar Jackie Chan, and Spanish tycoon Ricardo Portabella Peralta. With prices ranging in the tens of millions, these colonial-era buildings, dating back to as early as the
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Starboard Value, led by Jeff Smith, has recently acquired a substantial stake in graphics-design company Autodesk. The activist fund has engaged with Autodesk’s board to address several significant concerns regarding the company’s disclosures related to an internal investigation that ultimately led to the removal of its chief financial officer. Starboard’s stake in Autodesk is reportedly
Disney and Pixar just had a major win at the box office with the debut of “Inside Out 2,” raking in an impressive $155 million domestically. This marks the second-highest theatrical opening for an animated film, proving that the magic of these two studios is far from fading. Despite challenges faced during the pandemic, this
Adobe’s shares experienced a significant surge of 15% on Friday, marking the biggest gain since March 2020. This surge came after the software maker reported earnings and revenue that exceeded analysts’ estimates. CEO Shantanu Narayen attributed Adobe’s record revenue to its strong growth across Creative Cloud, Document Cloud, and Experience Cloud. Additionally, he highlighted the
Broadcom recently released its earnings for the second fiscal quarter, surpassing analysts’ estimates. Moreover, the company announced a 10-for-1 stock split set to commence trading on a split-adjusted basis on July 15. This news caused the stock to surge by approximately 10% in after-hours trading. The quarter that ended in May showcased Broadcom’s financial strength.
GameStop shares took a significant hit on Monday, dropping by approximately 12%. This decline comes on the heels of a substantial sell-off that occurred last Friday. The stock, which reached about $25 per share on Monday, had already fallen by nearly 40% the previous day. The downward trend was initiated by an underwhelming earnings report
Delta Air Lines recently announced that they will be launching their premium economy service on transcontinental flights starting in September. This move is seen as an effort to attract customers who are willing to pay more for additional space and perks during their flights. Premium economy is a relatively new class of service that falls
The first pick by the Street’s top pros is off-price retailer Burlington Stores (BURL). The company demonstrated positive results for the first quarter of fiscal 2024 and raised both its profit margin and earnings outlook for the year. Jefferies analyst Corey Tarlowe, who reaffirmed a buy rating on BURL, raised the price target to $275
GameStop, the video game retailer that has been in the spotlight due to the meme trader “Roaring Kitty,” has recently reported dismal fiscal first-quarter results. The company’s net sales plummeted by 29% to $881.8 million compared to $1.237 billion in the previous year. These figures were even lower than what Wall Street analysts had predicted,
Chinese electric car company Nio is making bold moves to expand its presence into the Middle East market this year. CEO William Li announced the company’s plans during an earnings call, revealing that Nio will be introducing its lowest-cost brand, Firefly, in the first half of next year. This expansion comes at a time when