08:50 AM EST, 12/12/2024 (MT Newswires) -- Consumer stocks were mixed premarket Thursday as the Consumer Staples Select Sector SPDR Fund (XLP) was up 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was 0.4% lower recently. Lovesac ( LOVE ) shares fell past 22% after the company reported a wider fiscal Q3 net loss as net sales declined...

08:52 AM EST, 12/12/2024 (MT Newswires) -- Gambling.com Group ( GAMB ) said Thursday it has agreed to acquire Odds Holdings, the parent company of the OddsJam technology platform for real-time odds data. Odds Holdings stockholders will get preliminary consideration of $80 million, comprising $70 million in cash and $10 million in Gambling.com ( GAMB ) ordinary shares, Gambling.com (...

Dec 12 (Reuters) - Air-taxi maker Archer Aviation ( ACHR ) said on Thursday it has raised $430 million in fresh capital, part of which will be used to develop a hybrid aircraft with defense tech company Anduril Industries. Existing investors United Airlines and Stellantis ( STLA ) as well as new backers such as Wellington Management and Abu Dhabi...

08:49 AM EST, 12/12/2024 (MT Newswires) -- Baidu ( BIDU ) and Geely's electric vehicle joint venture Ji Yue Auto announced a restructuring plan to streamline operations and raise new capital in response to intense competition in China's EV market, multiple media outlets reported Wednesday, citing a company statement. The company plans to merge overlapping roles, eliminate non-profitable projects, and...