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Sears is set to crash to a record low after report says a bankruptcy filing could come as soon as this week
Sears shares plunged 29% ahead of Wednesday's opening bell after the Wall Street Journal reported it could file for bankruptcy protection as soon as this week. The cash-strapped retailer has $134 million in debt due on Monday, according to The WSJ.
Snap is set to open near a record low after analyst reportedly says it’s ‘quickly running out of money’
Snap is sliding ahead of Tuesday's opening bell after MoffettNathanson analyst Michael Nathanson reportedly slashed price target, saying the company is "quickly running out of money."
Amazon announced last week that it will increase the minimum wage for its US and UK employees starting next month, but said that it will phase out its restricted stock unit program and variable compensations.
Tempur Sealy shares are down about 2% Friday after the retailer Mattress Firm filed for Chapter 11 bankruptcy protection. Mattress Firm will close 200 stores in the next few days and exit up to 700 stores within the next next 45 to 60 days.
Wall Street has "underestimated the size of Netflix’s global addressable market, the impact of incremental content spending, and the growing value of Netflix to both distributors and content creators," Goldman Sachs analyst Heath Terry said.
Nio, widely seen as the Tesla of China, is tumbling from its post-initial public offering highs this week. "An unproven management team along zero experience in manufacturing cars makes this an easy stock to steer clear of," said Mark Tepper, president of Strategic Wealth Partners.
Snap shares touched a record low of less than $10 on Thursday.
Apple shares hit a record highThursday after announcing it will unveil its new iPhone next month at an event in California.
Shares of Electronic Arts dropped 10% Thursday after the video-game maker announced it was delaying the release of its next Battlefield game by four weeks.
One of the Netflix of China’s biggest competitors soars 7% after earnings show it’s dominating a key demographic
Shares of Bilibili, one of the biggest competitors of the Netflix of China iQiyi, jumped more than 7% in Wednesday trading. The company's strong earnings showed it was popular among a key demographic in the country.