Google gets the green light to build a multi-billion-dollar mega campus
September 2, 2022:-
San Jose city officials approved a plan for Google to build a massive campus in the heart of California’s third-largest city officially.
For its “Downtown West” project, Google is planning to develop 80 acres of land in downtown San Jose, which includes 7.3 million square feet of office space for 20,000 workers and thousands of housing units.
GameStop shares decrease as video game retailer reports widening losses
September 2, 2022:-
GameStop shares decreased about 4% in extended trading after the video game retailer reported that its losses widened in the fiscal third quarter.
The company reports that its net loss increased to $105.4 million, or $1.39 per share, from $18.8 million, or 29 cents for each share, a year earlier.
Forget AMC, and two traders share their own stock bets
September 2, 2022:-
AMC Entertainment, one of the most actively traded share, ended the Friday up above 80% for the week even as the company warned the risk’s investors.
In January, for those who had gotten in at the lows, they’d be up over 2,000%. But AMC is still considered highly speculative, and other high-risk, high-reward stocks deserve attention.
Erupted Pandemic and the Precarious Scenario of the Retail Market
September 2, 2022:-
Pick up in-store approach or buying online is not anymore a new concept in the retail market, rather it is the only way for purchase as per the safety is concerned in this pandemic and maybe post-pandemic as well. It was predicted that the retail market of the “clicks and collect” type would channel business of $35billion. But the pandemic has pushed this prediction towards the higher end.
Coffee prices are at 10-year highs, and they have much further to go
September 2, 2022:-
Coffee prices have reached a 10-year high, and analysts expect tightness in the market to continue into 2023.
Coffee contracts for December delivery ended the trading session at $2.34 per pound on Monday. On Thursday, coffee futures on New York’s Intercontinental Exchange hit $2.46, which marks the highest price since 2011, when the commodity broke over $3 per pound.
Buy now, pay later firm Klarna launches a physical card in the U.K.
September 2, 2022:-
Swedish fintech firm Klarna is embedding its “buy now, pay later” service into a physical card in the U.K.
On Wednesday, the company announced the launch of Klarna Card, a Visa card that lets users delay payments on their purchases, both in-store and online.
Burger King parent earnings beat, but labor challenges weigh on sales
September 2, 2022:-
Monday, Restaurant Brands International reported quarterly earnings that topped Wall Street’s expectations, but its revenue decreased short as labor challenges weighed on sales. Shares of the company increased below 1% in premarket trading. The Burger King parent-reported fiscal third-quarter net income attributable to common shareholders of $221 million, or 70 cents per share, starting from $145 million, or 47 cents for each share, a year earlier.
Bloomingdale is getting ready to open its first-ever Bloomie’s store
September 2, 2022:-
The luxury department store chain Bloomingdale’s announced Wednesday that it would use the moniker for a new location that will open in Fairfax, Virginia, on Aug. 26. For decades, Bloomie’s word has been used as a term of endearment by fans of the actual Bloomingdale.
Blizzard-hit SoftBank launches buyback after a $10 billion Vision Fund loss
September 2, 2022:-
SoftBank Group Corp slumped to a quarterly loss, as its Vision Fund unit took a $10 billion hit from a decline in the share price of its portfolio companies and as China’s regulatory crackdown on tech firms weighed.
The value of its assets slide, the Japanese tech conglomerate said its stock is undervalued and spending to 1 trillion yen buying back almost 15% of its shares.
Bath & Body Works shares came down as the retailer cut its profit outlook
September 2, 2022:- Bath & Body Works claims came down in after-hours trading Wednesday after the retailer cut its profit outlook due to expected increases in inflationary pressures.
After hours, the stock decreased over 5% after an 8.6% decline during the trading day, between a broader market selloff.
