It seems Amazon is on a mission to gain a grasp on any industry possible. So, when rumors circulated that Amazon was looking to acquire EA sports, it made sense. With EA Sports being regarded as one of the largest video game companies in the world as it stands right now, this purchase would [...]
Those looking to buy Peloton equipment and fitness gear or access to thousands of on-demand fitness classes will be excited to hear that it just got a whole lot easier. Now - the company’s offerings are available through Amazon. The fitness company struck a partnership with the e-commerce platform to grow its customer base, [...]
Salesforce (CRM) board of directors has recently approved a $10 billion stock buyback program - the first in the software firm's history. This news comes on the heels of a good quarter for earnings and revenue. And yet, the company’s executives are skeptical about the future - and have trimmed back their 2023 fiscal [...]
While the pandemic put many companies out of business, others found an opportunity to thrive. One such company is Zoom. The video teleconferencing company became the primary way for companies to meet (besides Google Meet) over the past 2 years. Zoom’s stock price reached a high of $559 in October of 2020 at the height [...]
A Canadian pension fund (Public Sector Pension Investment Board) recently made dramatic changes to its portfolio. PSP Investments currently manages over $180 billion in assets, so this news has investors scratching their heads, wondering if they should follow suit. After cutting positions in three top tech companies - Apple, Tesla, and Microsoft - they [...]
Back in April of 2020, the world's second-largest automaker - General Motors - made the decision to cut its dividend payouts. This decision came at the height of the COVID-19 pandemic when companies were hit the hardest. In February of 2020, the company paid out a dividend of 38 cents. And on September 15, [...]
The second quarter wasn’t kind to many companies, especially retail stores like Target. As inflation continued to heat up, the company saw its profits drop an astounding 90%. While competitors like Walmart are suffering the effects of inflation-weary customers as well, the extent to which Target has been affected is far more significant due [...]
Nvidia chose to release 2nd quarter earnings a few weeks early - and the results were less than investors had hoped for. While the company is known for being reliable and safe, it fell short of expectations - coming in at just $6.7 billion in revenue. This is a 17% discrepancy from the $8.1 [...]
It’s official - Disney+ has surpassed Netflix in subscribers. Now, take this with a grain of salt - as Disney+ includes ESPN+ and Hulu, two other streaming services the entertainment company owns. Nevertheless, the milestone is an important one - as Disney is poised to take a stronger grip on the streaming space than [...]
With interest rates soaring, investors are looking for safe stocks to invest in. Back in 1981, Warren Buffett’s advice for times like these is to look for companies that: Can increase their prices quickly and easily to keep up with inflation/interest rates Can take on new/more business without having to invest heavily By keeping [...]
