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01 Apr, 2020
Nvidia Shares Slide After Reports of SoftBank Selling Stake
Nvidia Corp. (NASDAQ: NVDA) shares slipped on Tuesday after Bloomberg reported that SoftBank Group Corp. is looking to sell off its stake in the Company as early as next year, citing sources familiar with the matter.Nvidia shares fell by 2.42% on Tu..
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Altria In Talks To Take Minority Stake In Juul
Tobacco Company Altria Group Inc. (NASDAQ: MO) announced on Wednesday that it is in talks to take a minority stake of 20% to 40% in e-cigarette maker Juul Labs Inc.Big tobacco companies, including Marlboro-maker Altria, have been investing in e-ciga..
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Chipotle CEO to step down to Refocus Company
Chipotle Mexican Grill (NYSE: CMG) announced on Wednesday that co-founder and CEO, Steve Ells will step down from his CEO positions. Ells will remain as executive chairman, but now the fast food Mexican chain restaurant will begin searching for..
Ralph Lauren’s Profit Beat Forecasts
On Thursday, Ralph Lauren (NYSE: RL) reported quarterly revenue and profit that beat Wall Street predictions following sales of their high end clothing at full price as well as keeping a close eye on costs which brought shares up more than 5%. The c..
William Ackman to Take Stake in ADP
On Friday, billionaire investor William Ackman announced that he will be buying a large stake in Automatic Data Processing Inc.(NASDAQ:ADP), a move that made the U.S. payroll company’s stock increase 16.5% to $120.In recent years, activi..
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