Rite Aid faces bankruptcy and plummeting stock price while Hostess attracts potential buyers and achieves record gains
DWF Group announces a decrease in pretax profit for fiscal 2023, influenced by rising costs and the proposed takeover offer by Inflexion. Revenue sees growth of 8.6%.
Unifi, a fiber manufacturer, reports a loss of $15.3 million and a decrease in sales in the fourth quarter. Factors such as weak demand and lower sales volumes in Asia contribute to this decline. The company expects first-quarter sales to be consistent with the results of the fourth quarter.
Nvidia's quarterly earnings exceed expectations, leading to a surge in stock price. Analysts praise the company's performance and upgrade their ratings. Concerns about supply constraints and demand from China are addressed, and optimism grows for AI-powered companies.
Quadrise faces a significant drop in shares as Utah rejects Valkor Technologies' utilization plan, citing lack of evidence for oil deposit.
SoftwareOne Holding has reported a significant swing to profit in the first half of the year, attributing it to higher revenue and lower costs. The company remains confident in its ability to achieve its 2023 targets. Revenue growth was seen in most markets, except for Latin America.
David Canter is stepping down as president of Bluespring Wealth Partners and taking on a new role as senior strategic advisor. The change aims to support the growth and partnerships of the business. Bluespring founder Stuart Silverman will lead as interim leader during the transition.
Joe Jonas and Sophie Turner have sold their Miami home for $15 million after purchasing it for $11 million in 2021. The property features a unique blend of styles with a Cali-meets-Bali vibe and pays homage to Frank Lloyd Wright's architectural design. It offers stunning views, a sleek kitchen, a resort-style pool and hot tub, and direct bay and ocean access.
Nvidia, a leading player in the AI chip industry, is facing supply constraints but remains well-positioned to meet rising demand.