Tag: Acquisitions/Mergers/Shareholdings

Finance

GE’s Annual Report Is Shorter Again. Things Are Changing.

02/12/2022
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Text size General Electric plans to break itself into three parts. Sebastien Bozon/AFP via Getty Images General Electric ‘s latest annual report is more evidence that the company is shaking itself up....

Finance

AMD Stock Sees Steep Drop Ahead of Xilinx Acquisition

02/11/2022
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Text size This week, AMD stock saw its biggest two-day decline since October 2018. David Paul Morris/Bloomberg Advanced Micro Devices stock has come under severe selling pressure just ahead of the com...

Finance

Asana CEO Has Bought $1 Billion of Company Stock in Historic Buying Spree

02/11/2022
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Text size Asana co-founder and CEO Dustin Moskovitz has bought more than $1 billion worth of the company’s stock since last June. Courtesy Asana In what is likely the most aggressive run of insi...

Finance

Buy SoFi Stock, Analyst Says. The Fintech Should Deliver Strong Revenue Growth.

02/11/2022
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Text size SoFi has been focused on member growth, according to BofA. Rafaelhenriquepress/Dreamstime SoFi Technologies stock is a buy because the company will deliver strong revenue growth thanks to it...

Finance

Aurora Cannabis stock gains after first beat on pot sales in more than a year

02/10/2022
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Aurora Cannabis Inc. shares gained in late trading Thursday, after the Canadian pot producer beat sales expectations for the first time in more than a year. Aurora ACB, -1.08% ACB, -1.02% reported a f...

Finance

Zillow’s lost more than $230 million in its iBuying fire sale, but the stock is still surging

02/10/2022
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Three months after a home-flipping initiative imploded in an embarrassing public display, Zillow Group Inc. reported record revenue from selling the underwater homes Thursday and predicted big sales a...

Finance

PepsiCo Posts Earnings Beat and Boosts Dividend. The Stock Rises.

02/10/2022
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Text size Joe Raedle/Getty Images PepsiCo , the soft drinks and snacks giant, reported fourth-quarter adjusted earnings of $1.53 a share on revenue of $25.3 billion, both higher than analysts’ estimat...

Finance

How Much Is Trump’s New Social-Media Company Worth? Traders Can’t Decide

02/08/2022
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Traders are struggling to place a consistent value on Donald Trump’s new social-media venture, a business that hasn’t offered much in the way of details but one that supporters think is destined to ta...

Finance

Nvidia Stock Is in a Bear Market. It’s Time to Buy the Highflying Chip Maker.

02/08/2022
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Nvidia stock has gotten hit hard. One investor explains why it may be time to buy. David Paul Morris/Bloomberg Text size Nvidia (NVDA) stock, like many tech shares, has tumbled from its 2021 high. But...

Finance

BP Posts Bumper Profit and New Round of Buybacks

02/08/2022
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Text size BP Exploration Alaska headquarters Getty Images Surging oil and gas prices last year helped BP post its highest profit since 2012, allowing the company to reduce debt and announce more share...

Finance

Nvidia Calls Off Acquisition of Chip-Designer Arm. It’s Not a Surprise.

02/08/2022
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Text size Justin Sullivan/Getty Images Shares of Nvidia fell in premarket trading Tuesday after the graphics chipmaker and Japan’s SoftBank agreed to call off Nvidia’s deal to buy microprocessor desig...

Finance

Opinion: Trump-related SPACs surge, then fall, as retail investors have their own Joe Rogan experience

02/07/2022
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Joe Rogan’s podcast future is up in the air, and — for a few hours on Monday — so were the stock prices of some MAGA SPACs. Shares in CF Acquisition Corp VI CFVI, +18.17% soared as high as 39.7% in la...

Finance

Alibaba Stock Is Falling. SoftBank May Be Getting Ready to Sell Its Stake.

02/07/2022
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Text size Masayoshi Son’s SoftBank Group owns almost 25% of Alibaba. Maybe not for long. Charly Triballeau/AFP/Getty Images Technology investor SoftBank may be getting ready to sell some or all ...

Finance

Apple, Not Amazon, Should Buy Peloton. One Analyst Explains Why.

02/06/2022
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Text size (Photo by Michael Loccisano/Getty Images) It’s been reported that Amazon.com and Nike are weighing bids for Peloton Interactive . One analyst said he’s be surprised if Apple also wasn’t in t...

Finance

How to Handle Taxes After AT&T’s Spinoff of WarnerMedia

02/05/2022
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Text size AT&T holders are due to receive about 0.24 share of Warner Bros. Discovery for each AT&T share. David Paul Morris/Bloomberg Income-oriented investors in AT&T face a choice when t...

Finance

AT&T Spent a Decade Buying Things. Now It’s Cleaning House.

02/04/2022
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Illustration by Elias Stein Text size AT&T cast light on its pending spinoff of WarnerMedia to Discovery this past week—a big step toward putting a decade of misguided mergers and acquisitions beh...

Finance

CEO of Self-Driving-Car Firm Luminar Buys Stock

02/04/2022
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Text size A vehicle with Luminar LiDAR Patrick T. Fallon/AFP/Getty Images Luminar Technologies stock has been slumping, and founder and CEO Austin Russell scooped up the cheaper shares. Luminar (ticke...

Finance

AT&T’s Dividend Cut Puts It in an Unenviable Club

02/04/2022
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A company cutting its dividend after a spinoff is uncommon, but not unprecedented. The longer-term outcomes can vary markedly. AT&T (ticker: T) joined this club on Tuesday, when it said it expects...

Finance

Nokia Reinstates Dividend, Sets New, Long-Term Margins Target

02/03/2022
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Text size The logo of telecommunications giant Nokia before the company’s press conference in Espoo, Finland. Markku Ulander /Lehtikuva/AFP via Getty Images Nokia on Thursday reinstated its quar...

Finance

Should You Buy PayPal Stock After Its Big Drop? Don’t Rush In.

02/02/2022
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PayPal refrained from reiterating growth targets, trimmed its forecasts, and said it was shifting strategy away from growing its user base in its latest earnings. Dreamstime Text size PayPal Holdings ...

Finance

Facebook Parent Meta Ramped Up Stock Buybacks at a Bad Time

02/02/2022
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Text size Meta’s record $19.2 billion of share repurchases in the fourth quarter amounted to 2% of the company’s shares outstanding. Mandel Ngan/AFP via Getty Images Mark Zuckerberg picked...

Finance

Google could challenge for $2 trillion market cap after earnings, stock-split news

02/01/2022
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Google parent Alphabet Inc. headed toward a couple of elusive marks Tuesday evening, after disclosing earnings and plans for a stock split: A $3,000 share price and $2 trillion market cap. Alphabet sh...

Finance

AT&T Is Getting Closer to a Clean Slate. Here’s What Comes Next.

02/01/2022
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Text size After a saga of misguided M&A, there’s still work to be done for AT&T. Patrick T. Fallon/AFP via Getty Images AT&T shed some light on its pending exit from the media business on ...

Finance

AT&T CFO Defends Spinoff, Saying It Benefits Retail Investors

02/01/2022
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Text size AT&T’s chief financial officer, Pascal Desroches. Courtesy AT&T AT&T is defending its move to spin off its big stake in WarnerMedia rather than pursue a split-off, or excha...

Finance

AT&T’s Move to Spin Off WarnerMedia Disappoints Investors

02/01/2022
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Text size AT&T plans to pay a $1.11 annual dividend, down from the current $2.08 a share. Stefani Reynolds /AFP via Getty Images AT&T ‘s decision Tuesday to spin off its stake in WarnerMedia t...

Finance

Why Electric-Component Supplier Wesco’s Stock Is a Buy

01/31/2022
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Demand for cloud computing, power from renewable sources, and electric vehicles, along with more extreme weather events, mean that electrical infrastructure will need extensive investment for years to...

Finance

Netflix Co-CEO Reed Hastings Bought $20 Million of Stock

01/30/2022
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Text size Netflix co-founder and co-CEO Reed Hastings just made his first purchase of the company’s shares on the open market. Henrik Jonsson/Dreamstime.com Netflix ‘s stock has slumped in 2022,...

Finance

An Apple Bear Throws In the Towel, Removes Sell Rating

01/30/2022
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Text size “We abandon our Sell rating…seeing no indication that our thesis is playing out,” wrote New Street Research analyst Pierre Ferragu. Sascha Steinbach/Getty Images for Apple One of Wall Street...

Finance

Weekend reads: Robinhood’s bad news — and a bit of good news

01/29/2022
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It’s been a year since Robinhood Markets Inc. HOOD, +9.65% briefly suspended “buy” orders for GameStop Corp. GME, +4.69%, AMC Entertainment Holdings Inc. AMC, +3.72% and other meme stocks. The brokera...

Finance

Shopify’s Revenue Could Climb Sharply in the Next 5 Years

01/29/2022
Bitcoin Ethereum News

Text size Shopify went public in 2015 at $17 a share. It now trades around $853. Dreamstime Shopify , the e-commerce software company, is miles ahead of its competitors in helping merchants all over t...

Bitcoin

How Low Can Bitcoin Go? The Views Vary.

01/29/2022
Bitcoin Ethereum News

Illustration by Elias Stein Text size Tighter monetary policies are weighing on speculative assets like crypto, Bitcoin crashed from $43,000 to $33,000 in four days and lost 23% of its value. On Jan. ...

Finance

Why Bill Ackman Sees More Play in Netflix Stock

01/28/2022
Bitcoin Ethereum News

Text size Bill Ackman’s Pershing Square took a large stake in Netflix with an eye to a recovery in the streaming giant’s shares. Patrick T. Fallon/Bloomberg One pandemic play that has been laid low co...