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Shares of telehealth and direct‐to‐consumer wellness company Hims & Hers (NYSE: HIMS) plunged more than 30 percent Monday—marking the steepest single‐day drop since going public—after pharmaceutical giant Novo Nordisk unexpectedly ended their month long collaboration to distribute Wegovy, its flagship GLP 1 weight loss medication. Hims & Hers began as a platform offering treatments for hair loss, sexual health,… Continue reading Hims & Hers Stock Plummets as Novo Nordisk Terminates Collaboration
Yet another small week ahead of us for quarterly reports. Grab a coffee and get your info here at MarketDraft. Medium-cap Small-cap Large-cap 06/23/25 WDS Woodside Energy Group Ltd FDS FactSet Research Systems 06/24/25 FDX FedEx CCL Carnival SNX TD SYNNEX CORP 06/25/25 MU Micron Technology PAYX Paychex HLN Haleon PLC Sponsored ADR GIS General… Continue reading Upcoming Quarterly Reports 6/23 – 6/26 2025 (Week 26)
Fears that the ongoing war in the Middle East could impact global oil prices are growing, though the market remains cautiously optimistic. While recent strikes and rising tensions have led to short-term price surges in crude oil—most notably Brent and West Texas Intermediate—the situation has not yet disrupted critical infrastructure or shipping lanes like the… Continue reading Energy Markets on Edge: How the Middle East Conflict is Shaping Oil Stocks
Yet another small week ahead of us for quarterly reports. Grab a coffee and get your info here at MarketDraft. Medium-cap Small-cap Large-cap 06/16/25 LEN Lennar WDS Woodside Energy Group Ltd LEN.B Lennar 06/17/25 JBL Jabil 06/18/25 HLN Haleon PLC Sponsored ADR 06/20/25 ACN Accenture KR The Kroger Co. DRI Darden Restaurants KMX CarMax Medium-cap… Continue reading Upcoming Quarterly Reports 6/16 – 6/20 2025 (Week 25)
Sunnova Energy International, a Houston based leader in U.S. residential solar installations, officially sought Chapter 11 protection on June 8, 2025, citing a perfect storm of operational, financial, and regulatory pressures that forced the national rollout into a state of near collapse. The company, once serving over 400,000 residential customers and enjoying a market capitalization around $5 billion, is… Continue reading Sunnova Energy Files for Chapter 11
Federal prosecutors have unveiled charges against Iurii Gugnin, the founder of a U.S.-based cryptocurrency payments company, accusing him of running an elaborate international money laundering network that funneled over $530 million to and from Russian financial institutions under U.S. sanctions. According to court filings unsealed this week, Gugnin—along with unnamed co-conspirators—allegedly operated a shadow financial… Continue reading Brooklyn Prosecutors Charge Crypto Firm Founder in $530M Russian Money Laundering Scheme
Warner Bros. Discovery has announced it will split into two separate publicly traded companies by mid-2026, a move aimed at sharpening strategic focus and unlocking greater value for shareholders. The company, which has struggled under the weight of declining cable revenues and a sprawling portfolio of media assets, believes that separating its operations will better… Continue reading Warner Bros. Discovery to Split into Two Companies
Another small week ahead of us for quarterly reports. Grab a coffee and get your info here at MarketDraft. Medium-cap Small-cap Large-cap 06/09/25 CASY Casey’s General Stores WDS Woodside Energy Group Ltd 06/10/25 ORCL Oracle GME GameStop SJM The J. M. Smucker Co. CNM Core & Main 06/11/25 CHWY Chewy 06/12/25 ADBE Adobe KEP Korea… Continue reading Upcoming Quarterly Reports 6/9 – 6/13 2025 (Week 24)
In a significant development within the cryptocurrency sector, Chinese authorities are reported to have sold approximately 194,000 Bitcoin (BTC) confiscated from the notorious PlusToken Ponzi scheme. This sale, estimated at nearly $20 billion, has raised questions about China’s transparency regarding digital asset management and its potential impact on the crypto market. Launched in April 2018,… Continue reading China Allegedly Liquidates 194,000 Bitcoin Seized from PlusToken Scam
The Walt Disney Company has initiated a second round of layoffs, affecting several hundred employees across its film, television, and corporate finance divisions. This action is part of a broader cost-reduction strategy announced by CEO Bob Iger, aimed at streamlining operations and positioning the company for long-term growth. The job cuts are part of a… Continue reading Disney Implements Second Round of Job Cuts Amid Strategic Restructuring