Analysts expect Constellation Brands, Inc. (NYSE:STZ) to report third-quarter earnings of $3.32 per share before the opening bell, on Thursday, Jan. 9. That’s up from $3.19 per share in the year-ago period. The Rochester, New York-based company projects quarterly revenue of $2.54 billion, compared to $2.47 billion a year earlier, according to data from Benzinga Pro. On Dec. 3, Constellation Brands reached an agreement with global spirits company Sazerac, to divest its Svedka brand. With the rece
Bernstein Analysts Set $200,000 Bitcoin Price Target for 2025
Analysts at Bernstein are projecting a $200,000 price target for Bitcoin by the end of 2025.
Potential Decline in Bitcoin Rally Anticipated Before January FOMC Meeting: 10x Research
With Bitcoin approaching a potential rally fueled by Donald Trump's upcoming presidential inauguration on Jan. 20.
Uber CFO Says Stock Undervalued, Initiates $1.5 Billion Accelerated Stock Buyback
On Monday, Uber Technologies, Inc. (NYSE:UBER) announced it has entered into an accelerated share repurchase (ASR) agreement with Bank of America to repurchase $1.5 billion worth of stock as part of its previously authorized $7 billion share repurchase program, initially approved in February 2024. Under the agreement, Uber will receive approximately 18.6 million shares, representing about 80% of the expected total repurchase. The final number of shares to be retired will be determined based on t
Nvidia and TSMC rise as Foxconn's record quarter boosts chip stocks
Semiconductor chip stocks rose on Monday after electronics giant Foxconn (HNHPF) reported record-breaking revenue for its fourth quarter, as the artificial intelligence boom continues into 2025.
MicroStrategy Buys 1,070 BTC, Plans to Raise Up to $2B Through Preferred Stock Offering
MicroStrategy Purchases More Bitcoin, Adding to Holdings for 9th Consecutive Week.
FDIC asked for crypto ‘pause,’ not debanking, unredacted letters show
Letters released Friday tied to a court case between Coinbase and the FDIC show that the regulator asked banks to pause crypto-related activities, but did not tell banks to stop serving crypto firms.