May 9, 2023

Liar, Liar? Justice Department Charges Rep. George Santos: Report

The U.S. Department of Justice filed charges on Tuesday against Rep. George Santos, according to a report from CNN. Because the charges are still under seal, the exact nature is unknown, but the report speculates that it might stem from a pattern of false statements in Santos’s financial reports as well as other claims.  Santos built […]

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Top Adidas Investor Will Ask Execs To Turn Over Kanye West Misconduct Probe Details

As criticism from shareholders about its failed partnership with a former US rapper mounts, Adidas faces pressure from Germany’s third-largest asset manager to reveal its investigation into how it handled accusations of misconduct against Kanye West. According to Financial Times, Janne Werning, head of ESG at Union Investment, will request the German sportswear maker to disclose

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Palantir Just Beat Earnings And The Stock Is Ripping, But 4 Analysts Are Mixed – Palantir Technologies (NYSE:PLTR)

Palantir Technologies Inc PLTR reported strong first-quarter results, driving its shares more than 20% higher during Tuesday’s morning session. By The Numbers: Palantir’s revenue increased 18% year-over-year to $525 million, beating the consensus estimates of $505.6 million. Palantir reported quarterly earnings of 5 cents per share, beating consensus estimates of 4 cents per share. Growth

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Steven Madden Reports Q1 Earnings Ahead Of Expectations Despite Challenging Environment – Steven Madden (NASDAQ:SHOO)

Steven Madden Ltd SHOO reported a first-quarter FY23 sales decline of 17.1% year-on-year to $463.83 million, beating the consensus of $447.85 million. Revenue for the wholesale business decreased 19.3% to $362.1 million, and Direct-to-consumer revenue fell 8.1% to $99.6 million. Gross profit margin contracted 140 basis points Y/Y to 42.1%. The operating margin was

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Nikola Eyes Focus On Its North America Operations; Divests JV Ownership In Ulm, Germany To Iveco – Nikola (NASDAQ:NKLA)

Italian vehicle manufacturing company Iveco Group N.V. will assume full ownership of the joint venture with Nikola Corp NKLA in Ulm, Germany. Also, Iveco Group will be licensed to freely access and continue developing vehicle control software for the jointly developed BEV and FCEV.  Nikola will be granted the IVECO S-Way technology license for North America and

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Texas Shooting: Trump’s Niece Blasts Republicans For Rampant Gun Culture

As the nation witnessed another mass shooting last weekend that left nine dead, including the gunman, Donald Trump‘s niece Mary Trump pointed a finger at the Republicans for allowing the gun culture to grow unchecked. What Happened: All Representatives are supposed to protect the “unalienable rights to life liberty and pursuit of happiness,” Mary Trump

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Bitcoin, Ethereum, Dogecoin Drop Amid Binance Congestion Chaos

Major coins tumbled on Monday as investors grappled with the surge in demand for Pepe Coin PEPE/USD and congestion issues on Binance. Over the weekend, Binance was forced to temporarily suspend Bitcoin withdrawals, resulting in concerns among investors. Cryptocurrency Gains +/- Price (Recorded 9:30 p.m. EST) Bitcoin BTC/USD -1.96% $27,692 Ethereum ETH/USD -0.23% $1,850 Dogecoin

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