eBay, one of the leading online e-commerce marketplaces, experienced a decline in shares during late trading. The drop was a result of the company's disappointing forecasts for the upcoming December holiday quarter. eBay specifically highlighted signs of weakness in its European business as a contributing factor. In terms of financial performance, eBay reported a revenue of … [Read more...] about eBay Shares Drop After Disappointing Forecasts for Holiday Season
Virgin Galactic Cuts Staff and Costs to Focus on Delta Spacecraft Program
Commercial space-flight operator Virgin Galactic Holdings Inc. has announced plans to streamline its operations by reducing staff and costs outside of its Delta spacecraft program. The company aims to improve profitability and efficiency through this strategic move. While specific figures were not provided in the email sent to employees, further details are expected to be … [Read more...] about Virgin Galactic Cuts Staff and Costs to Focus on Delta Spacecraft Program
Rainbow Rare Earths Secures $50 Million Investment for Phalaborwa Project
Shares of Rainbow Rare Earths have surged after the company announced it has entered an option agreement with TechMet. This agreement grants TechMet the right to invest $50 million in Rainbow's Phalaborwa rare earths project in South Africa. At 0825 GMT, shares were up 14% at 15.5 pence, an increase of 1.9 pence. According to Rainbow Rare Earths, this option agreement allows … [Read more...] about Rainbow Rare Earths Secures $50 Million Investment for Phalaborwa Project
Upstart Holdings Shares Slide After Disappointing Q3 Results
AI Financial Technology Company Reports Loss and Lower Revenue Shares of Upstart Holdings, the AI financial technology company, dropped 23% in premarket trading following the release of their third-quarter financial results. The company, known for its machine learning approach to credit risk assessment, reported a loss of $40.3 million, or 48 cents a share, for the quarter … [Read more...] about Upstart Holdings Shares Slide After Disappointing Q3 Results
Ralph Lauren Corp. Reports Strong Q2 Performance
Ralph Lauren Corp.'s stock (RL) initially surged by approximately 5% before experiencing a slight decrease in early Wednesday trading following the release of its fiscal second-quarter results. The luxury apparel company exceeded expectations, delivering strong profits and revenue. Impressive Financial Results For the quarter ended September 30, Ralph Lauren Corp. reported net … [Read more...] about Ralph Lauren Corp. Reports Strong Q2 Performance
