Meme-traders have been generating excitement in the stock market with their enthusiasm, but unfortunately, the buzz has not translated into significant financial gains for companies. This fact is evident from GameStop's latest earnings report and the recent developments at AMC Entertainment. AMC Entertainment Faces New Low Shares of AMC Entertainment, identified by the ticker … [Read more...] about Meme-Trader Enthusiasm Fails to Boost Bottom Lines: A Look at GameStop and AMC Entertainment
Forex News
Mortgage Rates Decline, But Buyers Remain on the Sidelines
Mortgage rates have seen a slight decrease this week, although it may not be enough to entice buyers into the market. The trajectory of mortgage rates going forward will likely depend on economic data that will be released next week. According to Freddie Mac, the average 30-year fixed-rate mortgage was 7.12% during the week ending on Thursday, September 7. This marks the second … [Read more...] about Mortgage Rates Decline, But Buyers Remain on the Sidelines
Okta Narrows Losses and Sees Revenue Jump in Q2
By Sabela Ojea In the fiscal second quarter ending on July 31, Okta, the digital identity verification provider, showed promising results with a significant reduction in losses and a surge in subscription revenue. The company reported a net loss of $111 million, or 68 cents per share, compared to a loss of $210 million, or $1.34 per share, in the same period the previous … [Read more...] about Okta Narrows Losses and Sees Revenue Jump in Q2
Nvidia’s Plan Goes Awry
It seemed like everything was going as expected for Nvidia, the star of the S&P 500 this year. Their outstanding earnings report on Wednesday night initially sent their stock and index futures soaring in the premarket on Thursday. However, the situation quickly took a turn for the worse. Despite some minor gains, Nvidia's shares struggled to stay afloat while the major … [Read more...] about Nvidia’s Plan Goes Awry
3M Violates Anti-Corruption Laws and Agrees to $6.5 Million Settlement
3M, the multinational conglomerate, has recently reached a settlement of $6.5 million over charges of violating the books and records and internal controls provisions of the Foreign Corrupt Practices Act. According to the Securities and Exchange Commission (SEC), employees of 3M's Chinese subsidiary engaged in inappropriate practices. They arranged for Chinese government … [Read more...] about 3M Violates Anti-Corruption Laws and Agrees to $6.5 Million Settlement
