Take a look at some of the biggest movers in the premarket: Walt Disney (DIS) – Disney shares dropped 3.9% in premarket trading after growth figures for the Disney+ streaming service fell short of Wall Street predictions. Disney reported better-than-expected profit for the first quarter, but revenue was short of analysts’ forecasts. DoorDash (DASH) –
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Take a look at some of the biggest movers in the premarket: AT&T (T), Discovery (DISCA) – AT&T and Discovery announced a deal to combine Discovery with AT&T’s WarnerMedia unit. The combination would be co-owned by current shareholders of both companies, and would create a new stronger streaming video challenger to the likes of Netflix
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Paysafe (NYSE:PSFE), a London-based online payments company, and Foley Trasimene Acquisition II Corp, billionaire Bill Foley’s special purpose acquisition company (SPAC), completed their reverse merger in March. Since then, shares of PSFE stock have oscillated wildly. But this month, PSFE stock has fallen nearly 25%. Source: Sulastri Sulastri / Shutterstock.com This should not come as
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The novel coronavirus pandemic accelerated certain technological trends, resulting in a decade’s worth of growth for the ecommerce sector. Tech and ecommerce giant Amazon (NASDAQ:AMZN) saw its profits increase by a whopping 200% during the pandemic. In addition, Jeff Bezos, Amazon’s eccentric founder, saw his wealth increase by a staggering $90.1 billion. With such a
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There have been increasing concerns about accelerating inflation in the United States. The latest data indicate that consumer prices in the U.S. increased the most since fiscal year 2009. The policy response to rising inflation also seems uncertain. Recently, Treasury Secretary Janet Yellen said that “she wasn’t forecasting interest-rate increases to rein in any inflation.”
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Coinbase Global (NASDAQ:COIN) posted very impressive growth first quarter numbers and metrics on May 13, though lower than analysts’ estimates. If this trajectory is maintained, COIN stock is going to be much higher a year from now. Source: Primakov / Shutterstock.com For example, adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) spiked from $288
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