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Author: Sophia Vida

Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.
Billionaire Carl Icahn Loses Big on His Hertz Investment
May 28, 2020 Sophia Vida

Billionaire Carl Icahn Loses Big on His Hertz Investment

Famed billionaire investor Carl Icahn had a big stake in Hertz Global Holdings Inc. and paid a big price unloading it after the company filed for bankruptcy. Icahn was the largest shareholder in Hertz and unloaded his entire stake in the rental car company at a “significant loss” days after it filed for bankruptcy protection. … Continue reading “Billionaire Carl Icahn Loses Big on His Hertz Investment”

Uber Announces Even More Job Cuts
Company News

Uber Announces Even More Job Cuts

Struggling ride hailing company Uber announced this week that it is slashing even more jobs,…

May 26, 2020 Sophia Vida
Tencent to Buy 20% Stake in Japan’s Marvelous Inc.
Hot Stocks

Tencent to Buy 20% Stake in Japan’s Marvelous Inc.

Wall Street learned this week that Tencent will become the largest shareholder in Japan's Marvelous…

May 26, 2020 Sophia Vida
Alibaba Shares Drop as Company Projects Slowing Growth
Hot Stocks

Alibaba Shares Drop as Company Projects Slowing Growth

Chinese multinational technological company Alibaba Group Holding Ltd. was sailing lower on Monday after the…

May 26, 2020 Sophia Vida
Sanofi to Sell Stake in Regeneron Pharmaceuticals for Roughly $13B
Hot Stocks

Sanofi to Sell Stake in Regeneron Pharmaceuticals for Roughly $13B

French multinational pharmaceutical company Sanofi is selling a stake in Regeneron Pharmaceuticals Inc. valued at…

May 26, 2020 Sophia Vida
Impact of Coronavirus Pushes Hertz to File for Bankruptcy
Hot Stocks

Impact of Coronavirus Pushes Hertz to File for Bankruptcy

Car rental company Hertz Global Holdings, Inc. has been struggling as rental car demand has…

May 26, 2020 Sophia Vida
Lufthansa and German Government Come to $9.8 Billion Rescue Package Agreement

Lufthansa and German Government Come to $9.8 Billion Rescue Package Agreement

The German government and airline Lufthansa have agreed on a $9.8 billion rescue package this…

May 26, 2020 Sophia Vida
Palo Alto Shares Gallop Ahead as More People Work From Home
Hot Stocks

Palo Alto Shares Gallop Ahead as More People Work From Home

Shares of cybersecurity company Palo Alto Networks were heading higher on Thursday in after-hours trading…

May 22, 2020 Sophia Vida
Hewlett Packard CEO Blames Coronavirus Lockdowns For Q2 Results
Company News

Hewlett Packard CEO Blames Coronavirus Lockdowns For Q2 Results

Shares of Hewlett Packard Enterprise Co. were falling in after-hours trading on Thursday when the…

May 22, 2020 Sophia Vida
Nvidia Shares Fall Despite Revenue Growing 39% From Last Year
Hot Stocks

Nvidia Shares Fall Despite Revenue Growing 39% From Last Year

Shares of Nvidia were slightly down in extended trading on Thursday despite the large cap…

May 22, 2020 Sophia Vida
Netflix May Cancel Your Membership if You’re Doing This
Hot Stocks

Netflix May Cancel Your Membership if You’re Doing This

In an unusual move for a company, Netflix has decided to cancel memberships of its…

May 22, 2020 Sophia Vida
Target Beats Q1 Expectations with Strong E-commerce Growth

Target Beats Q1 Expectations with Strong E-commerce Growth

This week big-box retailer Target beat first-quarter earnings and revenue expectations with help from its…

May 22, 2020 Sophia Vida
Home Improvement Retailer Lowe’s is Funding $25M in Grants to Help Minority Businesses
Company News

Home Improvement Retailer Lowe’s is Funding $25M in Grants to Help Minority Businesses

Lowe's CEO has made a praise worthy move. The company is funding $25 million in…

May 22, 2020 Sophia Vida
Parent Company of Victoria’s Secret Reports 37% Drop in Net Sales Amid Coronavirus
Hot Stocks

Parent Company of Victoria’s Secret Reports 37% Drop in Net Sales Amid Coronavirus

The parent store of Victoria's Secret and Bath and Body Works, saw its shares fall…

May 20, 2020 Sophia Vida

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