Articles

Dave & Buster’s shares slide on continued sales weakness

Shares of Dave & Buster’s Entertainment fell after-hours Wednesday after the arcade-restaurant operator reported another quarter of lagging sales.

As Fed stands pat on interest rates, there are ‘a lot of zombie banks out there’

While Federal Reserve Chair Jerome Powell says the banking system looks solid, a buyer of soured debt from banks thinks otherwise.

Jerry West was indeed the NBA logo model, confirms graphic designer who crafted the image in a week for $14,000

The league has never acknowledged it was the Los Angeles Lakers star’s silhouette on its iconic badge. Branding legend Alan Siegel verified it Wednesday to MarketWatch.

Powell says Fed is ready to cut rates if inflation falls quickly

Federal Reserve Chair Jerome Powell was tight-lipped at his press conference Wednesday, having been stung previously by too much optimism.

GameStop shares slide as trading surges in options contracts associated with Roaring Kitty

A selloff in GameStop shares on Wednesday corresponded with a surge in volume for call options believed to be owned by Keith Gill, better known by his online handles “Roaring Kitty” and “DeepF—ingValue.”

Most Ukrainian businesses operational, but cite military service as top challenge

Some 85% of companies in Ukraine are fully operational, according to research from the Kyiv-based American Chamber of Commerce in Ukraine.

Tommy Bahama maker says shoppers are still ‘more cautious than originally anticipated,’ but cites this improvement

Shares of Oxford Industries Inc. fell after hours on Wednesday after the owner of the Tommy Bahama and Lilly Pulitzer clothing lines cut its full-year sales and profit outlook, saying that consumers have “become more cautious than originally anticipated.”

Virgin Galactic shares plunge on reverse stock-split announcement

The 1-for-20 reverse stock split will take effect at the close of trading Friday.

Elon Musk’s Tesla pay package gets another ‘no’ from a major shareholder

The largest public pension fund in the U.S. just came out against Tesla Inc. Chief Executive Elon Musk’s $56 billion pay package, this time officially.

Broadcom follows Nvidia’s lead with plan for a stock split

Broadcom is following Nvidia’s lead with a plan to split its stock in the wake of upbeat quarterly results and a big recent bump in its share price.

Michael Dell not involved in Everton takeover, despite reports linking tech titan to Premier League club

Takeover talk is swirling around Everton following the recent collapse of owner Farhad Moshiri’s deal to sell to Miami-based private investment firm 777 Partners.

PayPal’s competitive challenges are back in the spotlight, BofA says

Recent announcements in the world of payments underscore the challenges facing PayPal, according to an analyst.
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