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Nike Stock Takes 13% Dive Amid Ballooned Inventory

Nike released its latest earnings results on Thursday, and it’s safe to say the investors were not impressed by the report. The Nike stock (NKE) plunged around 13 percent after the results were made public, dropping from a $95.45...

Egypt Hoping to Raise $6 Billion by Selling State-Owned Companies

Egypt will attempt to shore up its struggling economy by selling state-owned companies. The country is hoping to raise $6 billion by the summer of 2023 from the liquidation of its shares in various businesses. At this point, the list...

Porsche’s IPO to Come at $85 Billion Evaluation

It looks like it is only a matter of time before Volkswagen’s sports car brand Porsche pulls the trigger on the initial public offering (IPO). And once that happens, it will reportedly be one of the biggest listings in...

MoviePass, Bankrupt Movie Ticket Subscription Service, Announces Relaunch

MoviePass isn’t giving up the idea of offering a movie ticket subscription service despite bankruptcy in 2019. The company officially announced a relaunch earlier this week and saw its website temporarily crash after more than 30,000 people tried to...

Coinbase CEO Says They “Try Not to Get Focused on Short-Term Ups and Downs”

It seems like the “crypto winter” isn’t going away anytime soon, but Coinbase CEO Brian Armstrong doesn’t seem to be worried about it at the moment. In a recent interview with CNBC, Armstrong said that crypto downturns are nothing...

Macy’s Stock Jumps Despite Full-Year Forecast Cut

Announcing its second-quarter results on Tuesday, Macy’s cut its full-year forecast to $4.00-to-$4.20 per share from the previously expected $4.53-to-$4.95 per share. However, this did little to discourage investors as the company’s stock saw a jump of more than...
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