hapabapa Lucid Group (NASDAQ:LCID) is on watch after a new recall of vehicles was announced by the National Highway Traffic Safety Administration. The electric vehicle will recall about 5,251 of its 2022-2023 Air luxury sedans due to a software error that could cause a loss of power and about 7,506Continue Reading
Workhorse Group (NASDAQ:WKHS) on Wednesday said it regained compliance with the minimum bid price listing rule for continued listing on the Nasdaq. The company effected a 1-for-20 reverse stock split of its common stock on June 17, 2024, to increase the market price of its common stock, after which itContinue Reading
Renasant Corporation (NYSE:RNST) on Tuesday announced that it sold the assets of Renasant Insurance to Sunstar Insurance Group. Sunstar is a regionally focused insurance broker, risk management consultant, and provider of employee benefits coverage and other human capital solutions based in Memphis, Tennessee. Now a part of Sunstar, Renasant InsuranceContinue Reading
Paramount Global (NASDAQ:PARA) is in discussions to sell the Black Entertainment Television network for up to $1.7 billion to buyers that include Chinh Chu, the head of the New York-based private equity firm CC Capital, and Scott Mills, the chief executive officer of BET, Bloomberg reported on Monday. In December,Continue Reading
Rafe Swan/Cultura via Getty Images J.P. Morgan upgraded Principal Financial Group (NASDAQ:PFG) from Underweight to Neutral on favorable macro backdrop. “PFG has a superior business mix that carries less tail risk and will generate a higher ROE and better free cash flow than other life insurers,” the analysts said. TheContinue Reading
“CGI is relatively unique among peers with arguably one of the most well-balanced and well-diversified offerings,” said Jefferies analysts, led by Surinder Thind, in a Tuesday note. “Roughly half of revenues come from consulting and the other half from managed services. Similarly, roughly half of revenues come from North AmericaContinue Reading
franz12 Group 1 Automotive (NYSE:GPI) on Monday announced the expansion of its U.K. operations with the acquisition of four Mercedes-Benz dealerships located north of London in Hertfordshire from L&L Automotive. These locations are expected to sell more than 2,800 new and used vehicle units annually. This acquisition is expected toContinue Reading
Consumer Discretionary Select Sector SPDR Fund ETF (NYSEARCA:XLY) which tracks S&P 500 consumer discretionary companies rose just 3.99% YTD, lagging behind the broader S&P 500 index which rose 15.51%. Consumer Discretionary Select Sector SPDR Fund ETF also just rose 10.56% this year, compared to a ~10.66% rise in the S&PContinue Reading
MivPiv/iStock via Getty Images GEO Group (NYSE:GEO) +6.3% pre-market Friday, following a 1.9% rise in the previous session, after the company reached an agreement with the Oklahoma Department of Corrections on a one-year contract to continue operating the Lawton Correctional and Rehabilitation Facility. The Department of Corrections said it agreedContinue Reading
SoftBank Group (OTCPK:SFTBY) has launched a healthcare-focused joint venture with Tempus AI (NASDAQ:TEM) to provide precision medicine services in Japan utilizing artificial intelligence. The agreement was signed in May 2024, and is expected to close as soon as July, at which time each party will invest ¥15 billion in theContinue Reading
