Dow futures changed little overnight, along with S&P 500 futures and Nasdaq futures, with nike ( NKE ) And the micron technology ( mo ) Earnings are in focus and the Fed’s favorite inflation gauge is on deck. X The stock market sold out heavily on Thursday, erasing Wednesday’s gains. The S&P 500 has reached its lowest levels in a bear market. The Nasdaq Composite didn’t quite cut its June lows, but the big Nasdaq 100, led by Apple Inc. Tesla ( TSLA ). Treasury yields rebounded somewhat on Thursday, while unemployment claims fell to a five-month low, something the Fed doesn’t want to see. apple ( AAPL ) And the Carmax ( KMX ) caused massive losses on Thursday. After paring losses on Wednesday due to a report of iPhone production cuts due to weak demand, Apple shares sold sharply on Thursday, in part due to an analyst downgrade, with iPhone chip makers also suffering. Carmax ( KMX ) severely lost earnings views Thursday morning, warning of “affordability challenges.” For largely similar reasons, Moody’s lowered its outlook for the global auto industry to negative from stable.
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Applied Materials Inc. (AMAT)’s stock has witnessed a price hike of 0.22% from the previous close with its current price standing at $84.33. Its current price is -49.52% under its 52-week high of $167.06 and 2.19% more than its 52-week low of $82.53. Based on the past 30-day period, the stock price is -14.40% below […]
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Applied Materials is positioned to benefit from the growth of the semiconductor industry. See why I think AMAT is doing better than share price seems to suggest.
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We forecasted Applied Materials, Inc.''s revenue growth of each segment based on historical growth and estimated a revenue opportunity reaching $53,245 mln by 2026.
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Applied Materials Inc. (AMAT)’s stock is trading at $89.43 at the moment marking a rise of 1.49% from the last session close. As of this writing, shares are priced at -46.47% less than their 52-week high of $167.06, and 8.18% over their 52-week low of $82.67. Based on the past 30-day period, the stock price […]
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California-based Applied Materials, Inc. (NASDAQ:AMAT) is a pioneer in making equipment and software required for the fabrication of integrated circuits or chips. The company also manufactures organic light-emitting diodes and liquid crystal displays. With solid growth prospects in place, the company could be an interesting investment option for prospective investors. Shares of this $76.5-billion company have expanded 86% in the past five years, proving its solid foothold in the semiconductor industry. However, AMAT stock has declined 44.4% so far this year, due to cost inflation and supply-chain woes.
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Reuters with the update, citing "several people familiar with the matter", unnamed: The Commerce Department intends to publish new regulations based on restrictions communicated in letters earlier this year to three U.S. companies -- KLA Corp , Lam Research Corp (LRCX.O) and Applied Materials Inc (AMAT.O), Some of the sources said the regulations would likely include additional actions against China. The restrictions could also be changed and the rules published later than expected. --- Here is the link with much more This article was written by Eamonn Sheridan at forexlive.com.
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Applied Materials Inc. (NASDAQ:AMAT) shares, rose in value on Thursday, September 15, with the stock price down by -0.41% to the previous day’s close as strong demand from buyers drove the stock to $90.26. Actively observing the price movement in the recent trading, the stock is buoying the session at $90.64, falling within a range … What Analysts Were Expecting After Applied Materials Inc. (NASDAQ: AMAT) fell -0.41% Read More »
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A bad inflation report crushed semiconductor stocks across the board.
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Google is thinking about shifting some of the Pixel phone production to India. This action follows COVID-19 lockdown-related disturbances in China and escalating hostilities between China and the US. According to reports, parent company Alphabet Inc has requested bids from manufacturers to produce 500,000–1 million Pixel devices. According to a report by The Information, Google is aiming to produce 10 to 20 percent of the estimated annual production for Pixel. The report said that Chief Executive Officer Sundar Pichai had earlier this year evaluated a strategy for manufacturing in India, but no final decision had been taken. If the approval is implemented, India will have to import parts from China. According to Nikkei, Vietnam is another option that Alphabet is examining. Apple now produces four models in India with the assistance of its contract manufacturing partners Foxconn and Wistron. It''s also expected that India will produce the newest iPhone from Apple, the iPhone 14. On September 7, the business revealed the iPhone 14 series.
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The Commerce Department plans to impose the restrictions on three companies: KLA, Lam Research, and Applied Materials, according to unidentified sources with knowledge of the matter.
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Applied Materials, Inc. (NASDAQ:NASDAQ:AMAT) Goldman Sachs Communacopia + Technology Conference September 12, 2022 11:15 AM ET Company Participants Gary Dickerson - President and CEO…
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Despite short-term disappointments, the semiconductor industry is undergoing various secular shifts, and WFE is a key enabler.
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ASML Holding N.V. (NASDAQ:ASML) and Applied Materials, Inc. (NASDAQ:AMAT) are the two semiconductors companies in the United States that have solid prospects and could appear interesting to prospective investors. This is because semiconductor companies in the U.S. have now started to strengthen their manufacturing capabilities to resolve the ongoing issue of chip shortages. Not only this, even the U.S. government has shown its seriousness toward this grave problem by introducing the CHIPS Act, which majorly focuses on boosting the manufacturing of semiconductor chips in the country. A pictorial representation of stakeholders’ views on ASML and AMAT is provided below. This chart is designed using the TipRanks'' Stock Comparison tool.
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The Commerce Department intends to publish new regulations based on restrictions communicated in letters earlier this year to three US. companies -- KLA Corp, Lam Research Corp and Applied Materials Inc, the people said, speaking on the condition of anonymity. The plan for new rules has not been previously reported.
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US Gov''t To Broaden Chip Curbs To China, Reuters Says The Biden administration plans to broaden curbs on US exports of semiconductors used for artificial intelligence to China and chipmaking tools, Reuters reported, citing unidentified people familiar with the matter. This comes after the US government recently restricted exports of Nvidia Corp . and Advanced Micro Devices Inc.''s artificial intelligence chips to the country. The Commerce Department is set to publish new export regulations outlined in letters earlier this year to three US companies -- KLA Corp, Lam Research Corp, and Applied Materials Inc, the people said. The letters prohibited the three companies from exporting chipmaking equipment to Chinese companies that manufacture advanced chips with sub-14 nanometer processes unless they obtained a license from the Commerce Department. According to Reuters, the new rules would also codify restrictions imposed on Nvidia Corp. and Advanced Micro Devices Inc. There is a possibility for export license requirements for products that contain the targeted chips. "Turning the letters into rules would broaden their reach and could subject other US companies producing similar technology to the restrictions," Reuters said.
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Futures Jump As Dollar Slide Accelerates It appears that Goldman''s trading desk was right again. Just days after the vampire squid''s sellside researchers were warning that the market has not yet bottomed, the bank''s far more accurate flow traders said that " The Pain Trade Is Now Up, The CPI Doesn''t Matter At All, And The Q4 Chase Starts Early ", and on Monday morning it was all engines go in global stock markets, with US equities poised to extend their brisk rally from last week as investors braced for the final CPI before the Federal Reserve’s September decision. Futures for the S&P 500 and Nasdaq 100 both rose 0.5% each at 715 a.m. in New York, extending above their Friday session highs, putting the underlying gauges on track for a fourth day of gains, while Europe''s Stoxx 600 index climbed for a third day, and Asia was almost all green. Treasury yields dropped and the dollar retreated further as traders bet inflation is near peaking even as Fed talking heads ramped up hawkish rhetoric (it''s ok, the Fed is always 9-12 months behind the curve).
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Applied Materials (NASDAQ:AMAT) declares $0.26/share quarterly dividend, in line with previous.Forward yield 1.11%Payable Dec. 15; for shareholders of record Nov. 25; ex-div Nov.
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Applied Materials, Inc. (NASDAQ:NASDAQ:AMAT) Citi 2022 Global Technology Conference September 7, 2022 3:15 PM ET Company Participants Brice Hill - Chief Financial Officer Conference Call…
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Applied Materials reported strong earnings, but a hawkish Federal Reserve was enough to send these cyclical stocks lower.
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World Wrestling Entertainment (WWE) is down 1.7% today alongside a downgrade to Neutral at Northcoast Research, which believes the stock''s run has brought it into line
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Bill Pugliano/Getty Images Entertainment The World Wrestling Entertainment (NYSE:WWE) board has found former CEO Vince McMahon paid $5M in previously unaccounted expenses to Donald Trump''s…
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https://www.investing.com/news/pro/world-wrestling-entertainment-pt-raised-to-83-at-benchmark-says-stock-could-hit-100-432SI-2874647
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World Wrestling Entertainment, Inc. (NYSE:NYSE:WWE) Q2 2022 Earnings Conference Call August 16, 2022 08:30 AM ET Company Participants Seth Zaslow - Senior Vice President & Head-Investor…
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The following slide deck was published by World Wrestling Entertainment, Inc.
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https://www.investing.com/news/pro/world-wrestling-entertainment-pt-raised-to-94-at-guggenheim-432SI-2873960
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World Wrestling Entertainment Inc (NYSE: WWE ) reported second-quarter FY22 sales growth of 24% year-on-year, to $328.20 million, beating the consensus of $315.52 million. The operating expenses for the quarter rose 26% to $196.9 million. The operating margin was 21.1%, and operating income for the quarter rose 50% to $69.3 million. The company held $443.5 million in cash and equivalents as of June 30, … Full story available on Benzinga.com
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An investigation for investors in World Wrestling Entertainment, Inc. (NYSE: WWE) shares over potential securities laws violations by World Wrestling Entertainment, Inc. was announced. San Diego, CA -- ( SBWIRE ) -- 08/15/2022 -- An investigation was announced for investors in World Wrestling Entertainment, Inc. (NYSE: WWE) shares over potential securities laws violations in connection with certain financial statements. Investors who purchased shares of World Wrestling Entertainment, Inc. (NYSE: WWE), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm focuses on whether a series of statements by World Wrestling Entertainment, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made. Stamford, CT based World Wrestling Entertainment, Inc., an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.
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World Wrestling Entertainment (WWE) is scheduled to announce Q2 earnings results on Thursday, August 11th, after market close.The consensus EPS Estimate is $0.55 (+61.8% Y/Y) and…
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Former World Wrestling Entertainment, Inc. (NYSE: WWE ) CEO Vince McMahon is once again in the hot seat after a new U.S. Securities and Exchange Commission (SEC) regulatory filing. What Happened: The filing disclosed another $5 million in payments made by McMahon on two separate occasions in 2007 and 2009. This SEC filing will now delay WWE reporting its quarterly earnings. The company released a preliminary earnings report on July 25, which shared that from the period of 2006 to 2022 there had been payments made by McMahon totaling $14.6 million. The Wall Street Journal revealed that those “hush money” payments are under investigation by federal prosecutors and the SEC for allegations of misconduct against McMahon. Also Read: WWE Probe Of Former CEO Vince McMahon Reveals $14.6M In Unrecorded Expenses This SEC filing divulged that the $5 million in “unrecorded expenses” wasn’t related to that investigation and … Full story available on Benzinga.com
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World Wrestling Entertainment (WWE) has named former Snap (SNAP) executive Craig Stimmel as its head of global sales and partnerships
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The work that World Wrestling Entertainment and Snap Inc. have been doing of late must have impressed Craig Stimmel, as he left his role as head of global brands for Snapchat to become senior vice president and head of global sales and partnership at WWE. Stimmel joined Snap in August 2019 after more than eight…
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WWE (NYSE: WWE) today announced the appointment of Craig Stimmel as Senior Vice President and Head of Global Sales & Partnerships. Stimmel, who previously held leadership roles across Snapchat, Procter and Gamble and NCR, will report to WWE Chairwoman & co-CEO Stephanie McMahon and WWE co-CEO Nick Khan. As head of WWE’s Global Sales & Partnerships division, Stimmel will be a key member of the
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WWE has always been a business that relies on fan support to survive, something the new management team understands. Read why WWE stock is a Hold right now.
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WWE (NYSE: WWE) announced that its Board of Directors today declared the Company’s regular quarterly dividend of $0.12 per share for all Class A and B shares of common stock. The record date for the dividend will be September 15, 2022 and the payment date will be September 26, 2022. About WWE WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and recognized
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https://www.investing.com/news/pro/world-wrestling-entertainment-pt-raised-to-80-at-benchmark-432SI-2853934
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Professional wrestling promotion World Wrestling Entertainment, Inc. (NYSE: WWE) recently announced the appointment of Stephanie McMahon and Nick Khan as co-Chief Executive Officers of the company. The appointments come in the wake of Vince McMahon’s retirement announcement on Friday, July 22. Following the news, shares of the company gained by almost 8% to close at $71.41 in yesterday’s extended trade. WWE Moves Quick to Fill Key Leadership Roles Following Vince’s Exit Lately, the company’s erstwhile CEO and Chairman, Vince McMahon, has been riddled with controversies related to hush-money agreements paid over alleged affairs with former WWE employees. Notably, MacMahon continues to be the majority shareholder of the company. Meanwhile, Ms.
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Shares of World Wrestling Entertainmen t (NYSE: WWE ) closed higher by over 8% following mixed news. First, Loop Capital analyst Alan Gould upgraded WWE stock from “hold” to “buy” and increased its price target from $69 to $90. Second, WWE disclosed that it had incurred $14.6 million in unrecorded expenses that were paid out by former CEO Vince McMahon. The money was paid to several women between 2006 and 2022 to “ensure silence” on matters related to sexual misconduct. As a result, WWE will have to restate its financial results between 2019 and 2021 to reflect the additional expenses. The wrestling company also hinted that additional entities may be investigating McMahon’s actions. WWE added: The Company has also received, and may receive in the future, regulatory, investigative and enforcement inquiries, subpoenas or demands arising from, related to, or in connection with these matters. In addition, WWE originally scheduled to report earnings on Aug. 9. That date may be postponed as it works to revise its financial results.
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Pro wrestling kingpin was responsible for WrestleMania and the Attitude Era, but career was also full of controversies.
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PHILADELPHIA, July 23, 2022 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating World Wrestling Entertainment Inc. ("WWE" or the "Company") (NYSE: WWE ) on behalf of the Company''s investors. On June 15, 2022, The Wall Street Journal reported that WWE''s Board of Directors was investigating "a secret $3 million settlement that longtime chief executive Vince McMahon agreed to pay to a departing employee with whom he allegedly had an affair." On July 8, 2022, The Wall Street Journal further reported that McMahon had "agreed to pay more than $12 … Full story available on Benzinga.com
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PHILADELPHIA, July 23, 2022 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating World Wrestling Entertainment Inc. (“WWE” or the “Company”) (NYSE: WWE) on behalf of the Company’s investors.
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World Wrestling Entertainment (WWE) said Friday Vince McMahon plans to retire.Last month, McMahon stepped down from chairman and CEO roles amid an ongoing probe into an alleged secret…
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NEW YORK, July 15, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against TG Therapeutics, Inc. (NASDAQ: TGTX), Allianz SE (OTCMKTS: ALIZY), GoodRx Holdings, Inc. (NASDAQ: GDRX), and World Wrestling Entertainment, Inc. (NYSE: WWE). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.
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LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of World Wrestling Entertainment, Inc. (“WWE” or the “Company”) (NYSE: WWE) on behalf of investors concerning the Company’s possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On June 15, 2022, the Wall Street Journal reported that an investigation was underway regarding an alleged $3 million settlement that the Company’s Chief Executive
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WWE (NYSE: WWE), Dallas Mayor Eric Johnson and Arlington Mayor Jim Ross today announced that WrestleMania generated $206.5 million in economic impact for the Dallas/Arlington region this past April, according to a study conducted by the Enigma Research Corporation. This marks a new company record and the first time in history that WrestleMania has generated more than $200 million in economic impact.
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Celebrity guest appearances. Hefty wrestler salaries. An M&A deal with a rival promotion. A state-of-the-art training facility. Those are just some of the things that cost World Wrestling Entertainment Inc. (NYSE: WWE ) less — and in some cases a lot less — than the sum of money that the company''s longtime honcho, Vince McMahon , allegedly paid women to keep allegations of sexual misconduct a secret. According to a recent Wall Street Journal report, McMahon spent more than $12 million in exchange for the silence of four former WWE employees. In one claim, McMahon, 76, allegedly coerced a woman into performing oral sex. He subsequently fired her after she rejected further advances and paid her $7.5 million as par of a nondisclosure agreement. In another case, McMahon paid $3 million to a former female employee with whom he allegedly had an affair. Another former WWE contractor received roughly $1 million; McMahon sent the woman unsolicited nude photos and allegedly sexually harassed her in the workplace.
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NEW YORK (AP) — The longtime World Wrestling Entertainment impresario Vince McMahon agreed to pay more than $12 million over the past 16 years to suppress allegations of sexual misconduct and infidelity, the Wall Street Journal reports. The amount is significantly larger than what was previously known. Four women — all formerly affiliated with WWE — signed agreements with McMahon, 76, that bar them from discussing their relationships with him, the Journal reported on Friday, citing people familiar with the deals and documents it reviewed. McMahon stepped down as CEO and chairman of WWE in mid-June during an an investigation into the alleged misconduct and the Journal reported at the time that he had agreed to pay $3 million to a former paralegal who said he sexually harassed her on the job. McMahon will continue to oversee WWE’s creative content during the investigation. WWE named McMahon’s daughter, Stephanie, interim CEO and chairwoman during the investigation into his alleged misconduct though he continued to oversee the company’s creative side.
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Washington [US], July 8 (ANI): Pat McAfee has confirmed he will stay with World Wrestling Entertainment (WWE). The sports-entertainment giant has announced that McAfee has signed a multi-year contract extension. McAfee will continue to be a member of the ‘SmackDown Live’ commentary team alongside Michael Cole. Specific terms of the deal were kept undisclosed. McAfee […]
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Vince McMahon, CEO of World Wrestling Entertainment (WWE), paid out far more than expected to quell allegations of sexual misconduct, the WSJ reports - more than $12M over the past…
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Pat McAfee signed a multiyear extension with the integrated media organization, World Wrestling Entertainment (WWE).
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WWE (NYSE: WWE) today announced that Pat McAfee has signed a multiyear extension with WWE. Since April 2021, McAfee has served as an analyst, alongside Michael Cole, for Friday Night SmackDown at 8 pm ET live each week on FOX. The new pact will see McAfee entertaining the WWE Universe for years to come. Earlier this year, McAfee delighted fans and lit up social media with a WrestleMania
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STAMFORD, Conn.--(BUSINESS WIRE)--WWE® (NYSE: WWE) today announced that Pat McAfee has signed a multiyear extension with WWE. Since April 2021, McAfee has served as an analyst, alongside Michael Cole, for Friday Night SmackDown at 8 pm ET live each week on FOX. The new pact will see McAfee entertaining the WWE Universe for years to come. Earlier this year, McAfee delighted fans and lit up social media with a WrestleMania debut for the ages at AT&T Stadium in Dallas when battling Theory, Mr.
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World Wrestling Entertainment fans can tweet their way to SummerSlam July 30 at Nissan Stadium in Nashville, Tenn. Through Thursday (July 7) at 11:59 p.m. ET, fans can use the hashtag #SummerSlamContest and tweet about why they should receive two floor seats to the event, hotel and airfare. The winning tweet will be part of…
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On June 17, World Wrestling Entertainment (NYSE: WWE) was another standout decliner, falling after a hush-money scandal forced a major… Continue reading The post Here’s what’s next for WWE stock as it shows signs of recovery appeared first on Finbold .
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NEW YORK, July 03, 2022 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of World Wrestling Entertainment, Inc. (NYSE: WWE) resulting from allegations that WWE may have issued materially misleading business information to the investing public.
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Logan Paul , a popular YouTuber and professional boxer has officially signed a multi-year contract with the World Wrestling Entertainment, Inc. (NYSE: WWE ) organization. As part of the agreement, Paul will attend several high-profile events for the remainder of 2022 and 2023. Paul has been an infrequent visitor to WWE stomping grounds since being stunned by Kevin Owens at WrestleMania 37 in 2021 when he received a "Stone Cold Stunner" and made his actual ring debut at WrestleMania 38 in 2022 when he paired up with The Miz to triumph over the legendary father-son duo of Rey and Dominik Mysterio (The Mysterios) . The exact details of Paul’s contract have not been released. The appointment of one of the Paul brothers would undoubtedly benefit WWE''s brand. Still, it comes … Full story available on Benzinga.com
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Xfinity partnered with G4 and World Wrestling Entertainment on Arena, a new monthly series for television, Twitch and YouTube. G4 host Gina Darling and WWE Superstar Xavier Woods (aka Austin Creed) will host Arena, which will feature celebrities, professional athletes, streamers--including Twitch streamers Myth and QTCinderella--and WWE Superstars airing out their personal grievances. Arena will…
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NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a national securities and consumer rights litigation firm, reminds investors it is investigating whether certain directors and officers of World Wrestling Entertainment, Inc. (“WWE”) (NYSE: WWE) breached their fiduciary duties to WWE and its shareholders. If you are a WWE shareholder, you are encouraged to contact attorney Joe Pettigrew for additional information at (844) 818-6982, or jpettigrew@scott-scott.com. Scott+
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Scott+Scott Attorneys at Law LLP ("Scott+Scott"), a national securities and consumer rights litigation firm, reminds investors it is investigating whether certain directors and officers of World Wrestling Entertainment, Inc. ("WWE") (NYSE: WWE ) breached their fiduciary duties to WWE and its shareholders. If you are a WWE shareholder, you are encouraged to contact attorney Joe Pettigrew for additional information at (844) 818-6982, or jpettigrew@scott-scott.com . Scott+Scott is investigating whether members of WWE''s board of … Full story available on Benzinga.com
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NEW YORK, June 23, 2022 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of World Wrestling Entertainment, Inc. (“WWE” or the “Company”) (NYSE: WWE). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
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NEW YORK, June 21, 2022 (GLOBE NEWSWIRE) -- Scott+Scott Attorneys at Law LLP ("Scott+Scott"), a national securities and consumer rights litigation firm, is investigating whether certain directors and officers of World Wrestling Entertainment, Inc. ("WWE") (NYSE: WWE ) breached their fiduciary duties to WWE and its shareholders. If you are a WWE shareholder, you are encouraged to contact attorney Joe Pettigrew for additional information at (844) 818-6982, or jpettigrew@scott-scott.com . Scott+Scott is investigating whether members of WWE''s board … Full story available on Benzinga.com
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NEW YORK, June 21, 2022 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of World Wrestling Entertainment, Inc. (NYSE: WWE) resulting from allegations that WWE may have issued materially misleading business information to the investing public.
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NEW YORK--(BUSINESS WIRE)--Labaton Sucharow, a nationally ranked and award-winning shareholder rights law firm, announces that it is investigating potential violations of the federal securities laws by World Wrestling Entertainment, Inc. (“World Wrestling Entertainment" or "the Company") (NYSE:WWE). On June 15, 2022, just before the market closed, The Wall Street Journal reported that the board at World Wrestling Entertainment ("WWE") is investigating a secret $3 million settlement between long
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LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm Encourages Investors in World Wrestling Entertainment, Inc. with Losses of $100,000 to Contact the Firm
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Vince McMahon, the CEO and Chairman of World Wrestling Entertainment, Inc. (NYSE: WWE), has stepped down until the investigation into his alleged misconduct is completed, StreetInsider.com reported, citing the company. The announcement comes after reports of McMahon agreeing to pay $3 million to John Laurinaitis, an ex-employee, in January. Laurinaitis, who led Talent Relations at WWE, allegedly had an affair with McMahon. During the course of the investigation, Stephanie McMahon, Vince’s daughter, will serve as Interim Chairwoman and Interim CEO of the entertainment company, and Vince will fulfill his creative content responsibilities.
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Vince McMahon, the CEO of World Wrestling Entertainment (WWE), is stepping down from his role atop the company as it investigates allegations of misconduct. Last week, the Wall Street Journal reported that McMahon, 76, made a secret US$3 million settlement with a former employee with whom he allegedly had an affair in 2019, and that […]
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Vince McMahon has stepped down as Chairman and CEO of World Wrestling Entertainment (WWE). McMahon quit on Friday amid allegations of misconduct and an ongoing investigation. In a statement, he pledged “complete cooperation” to the probe and promised to do “everything possible” to support it. The professional wrestling promoter assured that he would “accept the […] Vince McMahon quits as WWE CEO over affair, $3m hush money
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