WeWork, Snowflake, United Airlines, Rite Aid and more

General view of WeWork Weihai Road flagship is seen on April 12, 2018 in Shanghai, China. World’s leading co-working space company WeWork will acquire China-based rival naked Hub for 400 million US dollars. (Photo by Jackal Pan / Visual China Group via Getty Images) VCG | Getty Images Check out the companies making headlines in … Read more

JPMorgan upgrades Funko, says toy stock has upside even as economic growth slows

As companies grapple with how to manage slowing growth and a potential recession, JPMorgan says its optimistic about the outlook for the maker of vinyl figurines and bobbleheads, Funko. The firm upgraded the stock to overweight from neutral and gave it a $ 28 price target – about 33% from its closing price Wednesday. JPMorgan … Read more

Snowflake, Southwest, Apple, Disney, Netflix

Here are Thursday’s biggest calls on Wall Street: Credit Suisse initiates WeWork as outperform Credit Suisse said in its initiation of the stock that it’s well positioned to capitalize on the work from home phenomenon. “After the significant cost restructuring (~ $ 2.6B) post the failed IPO, we believe WeWork is well positioned to take … Read more

EBay enters NFT business, with assist from hockey icon Wayne Gretzky

The headquarters of eBay in San Jose, California. Getty Images EBay is getting into NFTs – with an assist from hockey legend Wayne Gretzky. The company announced Monday that it’s launching 13 limited-edition digital collectibles in partnership with Web3 platform OneOf, each of which contains a 3-D animated rendering of Gretzky making one of his … Read more

Funko sells 25% stake to group including Bob Iger, Rich Paul, eBay

A consortium including former Disney CEO Bob Iger, sports agent Rich Paul, eBay and the Chernin Group is buying a 25% stake in toy maker Funko. The investment, which is worth $ 263 million, or $ 21 per share, means Chernin will add two directors to Funko’s board. Chernin Group CEO Peter Chernin and Iger … Read more