Author Archives: ayman022
Globalstar stock extends bounce after $200 million financing deal doesn’t include equity
Shares of Globalstar Inc. GSAT charged 6.9% higher in morning trading Wednesday, after the telecommunications connectivity company announced a financing deal that didn’t include equity. The stock’s gain comes a day after it rose 2.3%, to bounce off Monday’s 13-month closing low of 99 cents. The company said it has entered into a purchase agreement …
Seagate to increase the number of employees it lays off by 480
Seagate Technology Holdings PLC STX disclosed Wednesday that it is increasing the number of employees being laid off by 480, or 1% of its workforce. The maker of data-storage technologies had said in October that it planned to cut about 3,000 jobs, or 8% of its staff. The company said the latest cuts will be …
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Macy’s CEO Gennette to retire after nearly 7 years in the role, and stock falls
Shares of Macy’s Inc. M fell 2.1% toward a six-month low in premarket trading Wednesday, after the department store chain said Chief Executive Jeff Gennette plans to retire at the end of the fiscal year, after nearly seven years in the role and 40 years with the company. The company named Tony Spring, currently executive …
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FRC, UBS, FLT, DELL and more
A person walks past a First Republic Bank branch in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. Mike Segar | Reuters Check out the companies making the biggest moves midday: First Republic — Shares tanked 47.11% after Standard & Poor’s cut First Republic’s credit rating to B+ from BB+. S&P …
Reuters reveals General Electric lays off workers at onshore wind unit as part of turnaround strategy
Business & Finance 06 October 2022, 8:59 pm 1 minute Reuters was first to report General Electric (GE) is laying off workers at its onshore wind unit as part of a plan to restructure and resize the business. The cuts are expected to affect 20% of the onshore wind unit’s workforce in the United States, equating to …
3 Monthly Dividend Stocks to Buy in March for a Passive Income Stream
The market seems more volatile than ever. The recent spate of banking industry problems has created a new wave of tensions for investors. While stock prices will often fluctuate, sometimes violently, many investors turn to dividends to make things easier. A steady stream of income does a lot to offset the market’s ups and downs. …
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3 Penny Stocks to Avoid Like the Plague Heading Into April 2023
There’s been plenty of talk about how far the stock market correction can go from here. Market returns remain choppy, despite inflation rates cooling off last month and the likely slowdown in interest rate hikes. However, the likelihood of a sustained rally appears to be slim, so investors must consider penny stocks to avoid. Wagering …
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3 Dividend Stocks That Will Pay You Handsomely Every Quarter
Dividend growth investing is a great way to generate passive income. When there is market uncertainty, the right way to park your funds is in dividend stocks since they keep your money safe and will ensure healthy and consistent cash inflows. If you are here to generate passive income, you need to look out for dividend growth …
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