Stock Market

YanGuFang International Group Appoints Interim Executives Amidst CEO and CFO Detainment

YanGuFang International Group Appoints Interim Executives Amidst CEO and CFO Detainment

Leadership Shake-up: CEO and CFO of YanGuFang International Group detained by Shanghai Police, prompting interim appointments for stability. Interim Executives:…

January 11, 2024

Lordstown Motors Faces $45 Million SEC Penalty in Bankruptcy Proceedings

SEC Targets Lordstown: The SEC filed a $45 million claim against Lordstown Motors in bankruptcy proceedings, alleging securities law violations.…

January 11, 2024

Twitch Announces Layoffs, Cutting 500 Jobs to “Rightsize” the Company

Twitch Layoffs: Twitch announces layoffs affecting 500 employees, citing the need to "rightsize" the company and align headcount. Financial Rationalization:…

January 11, 2024

SAP Settles Over $230 Million in Global Bribery Case

Landmark Settlement: SAP, the German tech giant, agrees to pay over $230 million to settle global bribery allegations. Deferred Prosecution…

January 11, 2024

Trend Micro Implements Workforce Reduction Amid Business Transformation

2% of the global cybersecurity giant's workforce cut in alignment with a business transformation plan. Totaling 150 employees, Trend Micro…

January 10, 2024

Jefferies Financial Group Inc. Reports Sharp Decline in Earnings and Revenue Amid Economic Challenges

Jefferies Financial Group Inc. reports a 49.12% YoY drop in earnings per share ($0.57 to $0.29). Quarterly revenue declines by…

January 9, 2024

Samsung Electronics Expects 35% Drop in Q4 2023 Operating Profit, Missing Expectations

Operating Profit Decline: Samsung projects a 35% drop in Q4 2023 operating profit, reaching 2.8 trillion won, missing expectations. Semiconductor…

January 9, 2024

Boeing (NYSE: BA) Faces Significant Stock Decline, Dragging Down Dow Jones Industrial Average

Boeing's stock dropped 8.94%, hitting a low of $226.74, the lowest since November 29, ending a two-day gain streak. The…

January 9, 2024

Hewlett Packard Enterprise (HPE) in Advanced Talks to Acquire Juniper Networks in $13 Billion Deal

Acquisition Deal: HPE in talks to acquire Juniper Networks for $13 billion, with an official announcement expected this week. Market…

January 9, 2024

Hologic, Inc. Exceeds Q1 Revenue Expectations Despite Overall Dip

Exceeding Expectations: Hologic's Q1 revenues of $1,013.1 million surpassed expectations, demonstrating resilience amid challenges and economic fluctuations. Segment Performance: While…

January 8, 2024