Home / Business and Economy / Deere Soars on Profit Boost, Ronaldo Invests in Herbalife
Deere Soars on Profit Boost, Ronaldo Invests in Herbalife
19 Feb
Summary
- Deere shares climbed after raising its annual profit outlook significantly.
- Cristiano Ronaldo invested $7.5 million for a 10% stake in Herbalife.
- EBay acquired Depop for $1.2 billion to attract younger consumers.
Deere & Company experienced a significant stock increase following an upward revision of its annual profit outlook. The world's largest farm-machinery maker anticipates a long-awaited recovery in the agricultural sector, boosting investor confidence.
Cristiano Ronaldo has invested $7.5 million in a digital platform associated with Herbalife. This strategic investment grants the football superstar a 10% ownership in HBL Pro2col Software LLC, signaling growing interest in digital ventures within the health and wellness sphere.
EBay has strategically agreed to acquire Depop, a popular fashion resale marketplace, for approximately $1.2 billion. This acquisition is designed to attract younger consumers and enhance EBay's competitive position in the crowded e-commerce market.
