Coca-Cola Stock Rises after Q1 Earnings Beat: Key Takeaways

Mohit Oberoi

Coca-Cola (NYSE: KO) stock is trading higher in US premarket trading today after the company reported better-than-expected earnings for the first quarter of 2023. Here are the key takeaways. Coca-Cola reported revenues of $10.96 billion in the March quarter which was 5% higher YoY and ahead of the $10.8 billion that analysts were expecting. The…

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Twitter Faces Another Lawsuit, This Time from Former Executives

Mohit Oberoi

Former Twitter executives have sued the social media company seeking reimbursements of over $1 million related to legal expenses. The lawsuit was filed by Parag Agarwal, Twitter’s former CEO, Ned Segal, Twitter’s former CFO, and Vijaya Gadde who was the company’s former chief legal officer. Musk fired the company’s top executives soon after he acquired…


Arrival Goes for Second SPAC Merger Amid Dwindling Cash

Mohit Oberoi

EV (electric vehicle) startup Arrival (NYSE: ARVL) has announced a merger with Kensington Capital Acquisition Corp. V amid dwindling cash. Here are the key takeaways. Notably, usually SPACs hunt for unlisted companies which then go public through a reverse merger with these blank cheque companies. Arrival also listed in March 2021 after it merged with…

ubs buys credit suisse

UBS Buys Credit Suisse for $3.2 Billion as Regulators Scramble to Instill Confidence

Mohit Oberoi

UBS has agreed to buy Credit Suisse for $3.2 billion in a deal that had the blessings of Swiss regulators. Amid the banking crisis, agencies have been scrambling to instill confidence in the banking system. Over the weekend there were reports that UBS wanted to buy Credit Suisse for only about $1 billion which was…

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Zoom Stock Rallies on Earnings Beat and Upbeat Guidance

Mohit Oberoi

Zoom Video Communications (NYSE: ZM) stock is trading higher in US premarket price action today after it reported better-than-expected earnings for its fiscal fourth quarter of 2023 and also provided upbeat guidance. Zoom reported revenues of $1.12 billion in the fiscal fourth quarter that ended in January. The revenues rose 4% YoY on a reported…