The U.S. Bankruptcy Court for the Central District of California confirmed the Plan of Liquidation for Oceanwide Plaza LLC, enabling the $470 million sale of the stalled Downtown Los Angeles development to KPC Square, a joint venture between KPC Group and Lendlease. The City of Los Angeles and Los Angeles County withdrew their objections, clearing the path for the sale to close in the coming months. This move revives the long-idle 1.5 million-square-foot project near Crypto.com Arena, positioning it for completion ahead of the 2028 Olympics. The plan includes graffiti removal and aims to finally finish the three high-rise towers that have been unfinished since 2019.
Jefferies downgraded Home Depot from Buy to Hold due to worries over minimal profit growth despite expected revenue rise in Q2. Customer transactions have declined for five quarters, indicating growth relies on bigger purchases, not more customers. M...
Historical data suggests that a $10,000 investment in the QQQ ETF could increase to approximately $66,000 over a decade. This highlights the potential long-term growth of technology-focused investments. Investors might consider this when planning the...
Fabrinet reported quarterly earnings with an EPS of $4.10 and revenue of $1.32 billion, exceeding analyst expectations and marking a 45% increase in revenue year-over-year. The company specializes in optical packaging and manufacturing for high-growt...
Nano-X Imaging Ltd. is set to report its Q3 earnings with analysts expecting a loss of $0.16 per share and revenues of $5.38 million. The company is currently dealing with multiple class-action lawsuits alleging securities law violations, which adds ...
Bally's Corporation's stock plunged 26.3% following a 'going concern' warning due to its $4.5 billion debt, signaling financial risks. Beyond Meat's shares dropped 13.66% after a 1-for-30 reverse stock split, a move that often alarms investors. The G...
