Tropicana Supplier Alico Cuts Citrus Operations As Greening Disease Bites, Eyes Growth In Real Estate; Stock Jumps
Alico, Inc. (NASDAQ:ALCO) shares traded higher on Monday after the Florida-based agribusiness and land management company announced key changes to its operations. Alico plans to wind down Alico Citrus’ primary operations, which will include reducing most of its citrus production workforce effective immediately. Alico’s Board approved reducing up to 172 positions, with 135 employees affected by January 6, 2025, and the remainder by April 1, 2025. Alico expects that approximately 3,460 citrus acre
Read MoreWall Street is suddenly very excited about American Airlines
After a difficult 2024, American Airlines (AAL) is getting a big tailwind as it launches into 2025. The company received upgraded stock recommendations from two investment banks, TD Cowen and Jeffries (JEF).
Read MoreArbe Robotics Stock Jumps On NVIDIA Collaboration - What's Going On?
Arbe Robotics Ltd. (NASDAQ:ARBE) shares are trading higher after the company partnered with NVIDIA Corporation (NASDAQ:NVDA) to enhance free space mapping and AI-driven capabilities for the automotive industry. The collaboration aims to advance vehicle safety and autonomy, with Arbe set to showcase its ultra-high-definition radar technology at CES 2025. Arbe said its radar technology delivers a “Grand Unified Perception Model,” integrating radar data into OEM systems for autonomous driving. It p
Read MorePlug Power Stock Jumps Further on New Rules for Clean Hydrogen Tax Credits
Plug Power shares surged for a second straight session on new tax credit rules for clean hydrogen production.
Read MoreLucid stock pops on upbeat production and delivery figures
Lucid stock surged on Monday after the EV maker reported upbeat sales results for the quarter and full year.
Read MoreFubo TV stock skyrockets on news that Disney will merge it with Hulu’s livestreaming service
Combined, Hulu + Live TV and Fubo will become the second largest live-TV streaming platform behind YouTube TV. Disney will control 70% of the venture.
Read MoreSunLink Joins Forces With Regional Health Properties In All-Stock Deal: Shares Surge
Regional Health Properties, Inc. (AMEX:RHE) and SunLink Health Systems, Inc. (AMEX:SSY) shares traded higher after the companies disclosed a merger agreement. As part of the deal, Regional Health Properties will issue 1.41 million shares of common stock and 1.41 million shares of newly authorized Series D 8% Cumulative Convertible Redeemable Preferred Stock. Notably, for every five shares of SunLink common stock, Regional will issue one share of common stock and, subject to adjustments, one shar
Read MorePapa John’s to re-enter Indian foodservice market
The company plans to open up to 650 outlets across India in ten years while initially targeting only metro cities.
Read MoreUber CFO says stock is ‘undervalued;’ proceeds with $1.5B buyback
The buyback comes as the ride-hailing service aims to boost its free cash flow and refocuses on autonomous vehicles.
Read MoreCarwow predicts strong demand in used car market for early 2025
The company reported a 49% increase in used car enquiries through its platform in the last quarter of 2024.
Read More10 stocks making best use of investors’ money. Here’s who beats Nvidia.
A company’s return on average assets sheds light on how well its management team has allocated investors’ money.
Read MoreTesla upgraded, ServiceTitan initiated: Wall Street's top analyst calls
Tesla upgraded, ServiceTitan initiated: Wall Street's top analyst calls
Read MoreWhat is a money market account?
This type of account can offer a low-risk way to earn a high yield.
Read MoreGetty Images Weighs Major Merger With Shutterstock That Could Potentially Reshape Visual Content Market
Getty Images Holdings Inc. (NYSE:GETY) is reportedly exploring a potential merger with rival Shutterstock Inc. (NYSE:SSTK). The deliberations, disclosed by unnamed sources, reveal that Getty is considering how to structure the deal, though no final decision has been made. Per a Bloomberg report on Saturday, the proposed merger could unite two of the largest providers of licensed visual content in the U.S., underscoring the growing demand for photos, videos, and media in the digital era. However,
Read MoreNiu Technologies Zooms Ahead: Q4 Sales Volume Soar 65% As New Models Electrify The Market
Niu Technologies (NASDAQ:NIU) shares are trading higher premarket on Monday after the company disclosed its sales volume results for the fourth quarter and full year 2024. In the fourth quarter, the company sold a total of 226,634 units, comprising e-motorcycles, e-mopeds, e-bikes, kick-scooters, and e-bikes. Of these, 182,333 units were sold in China, while 44,301 units were sold in international markets. For the full year of 2024, the company sold 924,340 units, with 759,094 units sold in Chin
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