Celsius (NASDAQ: CELH) stock dropped 17% as of 12:30 p.m. ET today as the market absorbed new Nielsen data. For the week ending May 18th, the energy drink maker saw sales growth decline sequentially to 39%. While this figure is higher than the company’s 37% sales growth in the first quarter of 2024, Celsius saw […]
By most measures, it was a solid first quarter. The top and bottom lines improved year over year, and both rolled in above analysts’ consensus estimates. The company expanded its active customer base, too, and collectively, those customers increased their usage of the product. And yet, Roku (NASDAQ: ROKU) shares are down to the tune […]
By Karolina Tagaris ORMENIO, Greece (Reuters) – Army sergeant Christos Giannakidis was planning to have a second child when Greece’s debt crisis exploded last decade, straining his finances and erasing hope of extending the family. One son is expensive enough, he says, especially the cost of ferrying him around his remote corner of northeastern Greece […]
A stadium-sized asteroid tumbled harmlessly past Earth this month as a powerful NASA radar system watched. Asteroid 2008 OS7 passed by Earth on Feb. 2, 2024 at a safe distance of 1.8 million miles (2.9 million kilometers), about 7.5 times farther than the Earth-moon distance. While there was no risk of the space rock harming […]
(Bloomberg) — There was a time when the backing of some of the world’s deepest pockets and the mere ambition to sell electric cars was enough to inspire confidence in the stocks of upstarts Rivian Automotive Inc. and Lucid Group Inc. Now investors have all but thrown in the towel on the shares. Most Read […]
By Arathy Somasekhar BRIDGEPORT, Texas (Reuters) – For nearly a year, U.S. natural gas producers have slammed the brakes on production as prices fall. But relentless output gains including from oil companies that pump gas as an oil byproduct have unleashed record supplies. In the oil versus gas contest, gas producers are losing out. Some […]
By Ellen Zhang and Marius Zaharia BEIJING/HONG KONG (Reuters) – When Kris Lin, who owns a lighting factory in China, received this year’s first order from a close overseas client, he faced a distressing choice: take it at a loss, or tell workers not to come back after the Lunar New Year. “It was impossible […]
By Ellen Zhang and Marius Zaharia BEIJING/HONG KONG (Reuters) – When Kris Lin, who owns a lighting factory in China, received this year’s first order from a close overseas client, he faced a distressing choice: take it at a loss, or tell workers not to come back after the Lunar New Year. “It was impossible […]
Jack Ma and Joe Tsai, the co-founders of Alibaba Group Holding, have emerged as the two largest shareholders of the e-commerce giant they founded in 1999, by aggressively scooping up its tumbling shares in New York and Hong Kong. Ma, who retired as Alibaba’s executive chairman in 2019, bought about US$50 million of stock in […]
BlackBerry Ltd (NYSE:BB) shares are falling in Tuesday’s after-hours session after the company announced a proposed private offering. What Happened: After the market close on Tuesday, BlackBerry said it intends to offer $160 million worth of Convertible Senior Notes due 2029 in a private offering. The notes will be offered only to qualified institutional investors. BlackBerry expects to […]
Global Currency Holiday makers can hardly have failed to notice 2023 was a stellar year for the pound. Of the world’s major currencies, sterling was a top performer. Every £100 taken abroad would have purchased almost $121 at the start of the year but buys just over $125 now. That is not a bad performance […]