November 20, 20240 Comments

Kadokawa shares jump 16% after news of Sony talks By Reuters

By Sam Nussey TOKYO (Reuters) – Kadokawa’s shares jumped 16% in early Tokyo trading on Wednesday, a day after Reuters reported Sony (NYSE:) was in talks to acquire the publishing, anime and gaming powerhouse. Shares in Kadokawa, which controls “Elden Ring” developer FromSoftware, closed up 23% at their daily limit on Tuesday after the news. The deal would bolster Sony’s entertainment portfolio which spans games, movies, music and anime. “Anime

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November 19, 20240 Comments

Walmart hikes annual earnings outlook, beats Q3 estimates; shares jump By Investing.com

Walmart (NYSE:) shares rose over 3% Tuesday after the retail giant hiked its annual earnings outlook and reported better-than-expected Q3 results. The third quarter adjusted earnings per share (EPS) came in at $0.58, topping consensus expectations of $0.53. Walmart’s revenue for the quarter rose to $169.6 billion, also above the $167.67 billion estimated by analysts. Comparable sales performance in the US, excluding fuel, was strong across segments. Total (EPA:) US

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November 15, 20240 Comments

X users jump to Bluesky

Getty You may have seen the word “Bluesky” popping up on your social media pages recently and wondered what people are talking about. It is an alternative platform to Elon Musk’s X and in terms of its colour and logo, it looks quite similar. Bluesky is growing rapidly and is currently picking up around one million new sign-ups a day. It had 16.7m users at the time of writing, but

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November 12, 20240 Comments

Nissan shares jump more than 20% after activist Effissimo takes stake By Reuters

TOKYO (Reuters) – Nissan (OTC:) Motor shares jumped as much as 20.6% on Tuesday after a filing showed an entity related to activist investor Effissimo Capital Management had taken a stake in the struggling Japanese automaker. In a regulatory filing on Monday, Nissan listed Cayman Islands-registered ECM Master Fund as a shareholder with a 2.5%stake as of end-September. ECM Master Fund is affiliated with Effissimo, according to SEC filings. Source

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November 11, 20240 Comments

Singapore’s Grab raises annual revenue forecast, shares jump By Reuters

(Reuters) – Singapore’s Grab Holdings (NASDAQ:) raised its forecast for fiscal 2024 revenue on Monday, as it anticipates robust growth in its food delivery and ride-hailing businesses. U.S.-listed shares of the company rose 9% in extended trading. The company expects revenue in the range of $2.76 billion to $2.78 billion, compared with its prior projection of between $2.70 billion and $2.75 billion. Its mainstay food delivery business has been recovering

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November 9, 20240 Comments

Trump Media shares jump after Trump says he won’t sell By Reuters

By Caroline Valetkevitch and Susan Heavey NEW YORK/WASHINGTON (Reuters) -Shares of Trump Media & Technology Group gained on Friday after U.S. President-elect Donald Trump said he had no intention of selling his shares in the company, which owns his Truth Social media platform. In a post on Truth Social, Trump rejected what he described as rumors that he was planning to sell shares a day after the stock slumped. “There

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November 8, 20240 Comments

Election mentions jump on company conference calls as Nov. 5 approaches

Voters walk to cast their ballots during early voting in the presidential election at a polling station at the C. Blythe Andrews, Jr. Public Library in Tampa, Florida, U.S., November 1, 2024.  Octavio Jones | Reuters Executives at America’s largest companies are talking publicly with investors about the presidential election more so than in recent cycles. The word “election” came up on 100 earnings calls of S&P 500-listed firms between

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