Dow futures rise 20 pts; investors await Powell's comments

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WeightWatchers (WW) gains on announced acquisition of Sequence digital health platform

March 7, 2023 1:15 PM EST

Shares of WW International Inc (NASDAQ: WW) (commonly known as WeightWatchers) surged more than 50% Tuesday following the companys announcement that the weight loss company has entered into a definitive agreement to acquire subscription telehealth platform, Sequence.

Launched in 2021, Sequence now serves about 24,000 members across the U.S., as of February 2023, and clocks about $25 million in annual revenue on a run-rate basis. Sequence members have highlighted the benefits of its service, including support in navigating the insurance approval process and the quality care they receive from... More

Meta (META) faces trial over stolen AI trade secrets

March 7, 2023 10:45 AM EST

Meta (NASDAQ: META), the parent company of Instagram, Facebook, and WhatsApp, failed on Monday to end a lawsuit in Boston federal court claiming the company stole confidential information from AI startup Neural Magic Inc.

According to an expert's court testimony, Meta owes the startup about $766 million in... More

Dick's Sporting Goods (DKS) Raises Quarterly Dividend 105.1% to $1.00; 3% Yield

March 7, 2023 7:39 AM EST

Dick's Sporting Goods (NYSE: DKS) declared a quarterly dividend of $1.00 per share, or $4 annualized. This is a 105.1% increase from the prior dividend of $0.4875.

The dividend will be payable on March 31, 2023, to stockholders of record on March 17, 2023, with an ex-dividend date of March 16,... More