It has been an eventful two months since I last updated Unity Software Inc. (NYSE:U) investors in mid-September. The debacle surrounding the company’s disastrous launch of its runtime fee led to the departure of its ex-CEO, John Riccitiello, from all leadership roles. The new team, under the leadership of Interim…

Deep discounts are driving a strong start to holiday online spending, according to new data from Adobe Analytics. Facing sticky inflation and economic uncertainty, consumers are belt-tightening, which is good news for Club names that help shoppers score bargains. Online shoppers spent $63.2 billion in the first 20 days of…

Goldman Sachs paid professional golfer Patrick Cantlay more than $1 million annually in a sponsorship deal linked to the bank’s consumer-banking efforts, CNBC has learned.A three-year deal signed by Cantlay in 2020 included a minimum of $1.1 million annually, according to people with knowledge of the contract, with performance bonuses…

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The status of OpenAI is uncertain at the moment. But Microsoft wants the startup’s employees to know they still have a home.The company has begun making preparations for hundreds of OpenAI employees at its LinkedIn offices in downtown San Francisco, about two miles from OpenAI’s headquarters.Microsoft, which previously invested billions…

Urban Outfitters’ clothing rental service Nuuly has eked out its first profit thanks to a steady stream of new subscribers and a whopping 86% jump in revenue, hitting the benchmark before competitor Rent the Runway, which has yet to turn a profit nearly 15 years into its history. The brand, which…

Ever since CEO of Palantir Technologies Inc. (NYSE:PLTR) made comments about the prospects for artificial intelligence-driven growth for the core software offers, investors have showered the company with praise and Palantir’s stock price has since risen from about $8 in May to about $20 today. Though I am willing to…

Check out the companies making headlines in midday trading. Zoom Video Communications — The software stock added nearly 2% ahead of its third-quarter earnings due after market close. Analysts polled by FactSet expect $1.08 per share in earnings and revenue of $1.12 billion for the quarterly period, compared to the…

It’s been nearly two years since the Federal Reserve indicated it was abandoning over a decade of easy-money policies that ultimately helped fuel major stock market gains during the Covid-19 pandemic. In late 2021, the U.S. central bank pivoted and embarked on a fight to squash inflation— and investors were…

Summary Since my initial report in September, CMG’s shares have rallied ~23%. Following the Bluware acquisition and Q2 results, I am pleased with the success of new CEO Pramod Jain’s strategy of M&A and driving organic growth through CCS and energy transition. Despite the strong results and ample capacity to…