STOCK ANALYSIS
WEEKLY FORECAST
FINANCIAL NEWS
Hackers access and leaks footage of latest "Grand Theft Auto," says Take-Two

In a securities filing Monday, Take-Two Interactive Software Inc. disclosed hackers broke into the networks of its Rockstar Games Inc. unit, illegally accessing early-development footage of the company's next "Grand Theft Auto" video game.

3 Things to know in this week's markets

Heading into this week's markets, JPMorgan analysts drop COIN price target for December, while Amazon plans a second Prime Day for the first time in one year. Elsewhere, General Motors Co said on Friday it will invest $760 million at its Toledo, Ohio factory to build drive units for electric trucks.

Costco remains a haven for consumers, beating estimates in latest earnings report

In its most recent quarter, Costco Wholesale Corp. posted higher sales, with revenues rising 15% to $72.09 billion, the latest indication that the warehouse retailer remains a haven for consumers dealing with ongoing inflation.

Salesforce introduces new profitability goal alongside host of new products

The enterprise software maker, Salesforce, announced a new long-range profitability goal that showed the company's determination to operate more efficiently. At the Dreamforce conference Wednesday, Salesforce introduced a host of new products, including "Genie" and "Slack Canvas."

Hertz announces deal to buy up to 175,000 EVs from GM

Alongside General Motors Tuesday, Hertz Global Holdings Inc. announced a groundbreaking deal that would see the rental company buy up to 175,000 electric vehicles from GM over five years.

FedEx announces unpleasant quarterly results, shares drop most in 40 years

Last week, FedEx surprised investors by announcing its quarterly results sooner than expected, which quickly turned out to be unpleasant. The shipping giant withdrew its full-year guidance and warned its fiscal first quarter would come in well below expectation.

Backed by Peter Thiel, Rumble goes public after merger approval

Following the merger with CF Acquisition Corp. VI, the conservative video network Rumble will become a publicly held company on Monday, with CFVI shares to trade under the ticker symbol 'RUM.'

Rio Tinto teams up with Baowu Steel to develop iron ore mine in Pilbara region

Rio Tinto PLC on Wednesday said it plans to team up with its biggest customer China Baowu Steel Group Co., to develop a new iron ore mine in Western Australia's Pilbara region.

Ford pushes new rules for US dealers to sell its electric cars

On Wednesday, Ford Motor Co. released strict new rules for US dealers to sell its electric vehicles, including requiring fixed prices and upfront investment in chargers as the automaker attempts to cut overhead costs and boost profits.

Adobe agrees to buy startup Figma to expand creative offerings, shares plunge

Technology giant Adobe Inc. agreed Thursday to acquire design-software startup Figma Inc. in a deal valued at roughly $20 billion as it expands its range of creative tools for professionals.

Peloton Co-founder and former CEO John Foley resigns in latest management shake-up

On Monday, Peloton Interactive announced it has accepted the resignation, of co-founder and former CEO John Foley, in a management shake-up as the maker of connected exercise equipment races to turn itself around.

Roblox shares climb on plans to debut 3D advertising next year

At its annual developer conference Friday, online gaming firm Roblox Corp. announced it plans to debut 3D ads next year as it strives to diversify its revenue stream beyond in-game purchases.

Meta Platforms acquires technology startup Lofelt as it expands VR footprint

Facebook parent Meta Platforms Inc. said it has acquired Lofelt, a Berlin technology startup aiming to replicate the illusion of touch in virtual reality.

Mercedes-Benz and Rivian enters partnership to make electric vans in Europe

On Thursday, Mercedes-Benz Vans and Rivian announced they are partnering to establish a new European factory that would produce electric vans for both brands, sending Rivian shares up about 6%.

GameStop announces partnership with crypto exchange FTX, quarterly loss less than expected

Meme stock favorite, GameStop Corp., reported a smaller-than-expected quarterly loss on Wednesday and announced it has partnered with crypto exchange FTX US to increase its presence in the cryptocurrency space.

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