Why Rite Aid Stock Is Plunging Today

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Why Rite Aid Stock Is Plunging Today

As you might expect after today’s sell-off of the healthcare stock, investors weren’t happy with Rite Aid’s first-quarter results. The company reported revenue of $6.16 billion, below the consensus estimate of $6.21 billion.
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ARK Buys Bitcoin on the Dip, Adds More GBTC to Internet ETF

Obviously, ARKW is about much more than GBTC, and that’s a positive for the fund’s investors because the ETF is proving durable while the largest cryptocurrency falters. ARKW “has risen 4.6 …
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Bosch Picks Hartung as New CEO to Tackle Industry Transformation

Robert Bosch GmbH Chief Executive Officer Volkmar Denner will hand over the reins to automotive unit head Stefan Hartung at the end of the year after running the German engineering giant for almost a decade. Denner, 64, will become a scientific adviser …
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US economy grew 6.4% in 1st quarter, and it's likely just the start

Additional economic data that emerged Thursday also points to a nation that has regained its footing quickly after being thwacked by a global pandemic, though jobless claims remain stubbornly above 400,000. By MARTIN CRUTSINGERAssociated Press.
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Apple Investors Are Jittery About the Next iPhone. Stay Bullish, Morgan Stanley Says.

She notes that some investors fear a double-digit iPhone revenue decline lies ahead, as was the case for the iPhone 6S in fiscal 2016 and the XS in fiscal 2019. Huberty adds that she’s getting …
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