New York Moves Forward with Three Major Casino Projects
New York approves three major casino developments, including Steve Cohen’s $8B Queens project, expected to bring jobs, revenue, and major economic growth.
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Mattress maker Somnigroup Proposes $1.63B All-Stock Deal to Acquire Leggett & Platt
Somnigroup International has offered to acquire Leggett & Platt in a $1.63B all-stock deal, representing a 17% premium. Leggett & Platt’s board is reviewing the unsolicited proposal.
EV Headwinds: Nio and Xpeng Volumes Retreat Sequentially as Li Auto Delivery Crisis Persists
Li Auto reported its sixth consecutive delivery contraction. Nio's deliveries fell 10.20% MoM, and Xpeng's dropped 12.58% MoM.
GameStop Rallies as Michael Burry Revisits Meme Stock Past
GameStop stock rallies over 4% Friday as hedge fund manager Michael Burry posts nostalgic tweets about his early bullish position and interactions with Roaring Kitty and Ryan Cohen.
Petco Raises 2025 Earnings Outlook as Turnaround Gains Traction
Petco boosts full-year earnings forecast to $395-397M as Q3 results beat expectations. Stock jumps 9% on CEO Anderson's successful transformation strategy.
Urban Outfitters Crushes Q3 Expectations with Record Performance
Urban Outfitters (URBN) reports record Q3 earnings with 12% revenue growth and strong same-store sales across all brands, led by namesake brand's 12.5% increase.