AT&T Inc. has its act together in wireless, but that’s already well understood by Wall Street, according to LightShed Partners analysts. After refocusing its business on connectivity in the wake o...
Tag: Acquisitions/Mergers/Shareholdings
Will $2 billion merger of Cresco and Columbia Care reach the finish line? Analysts see ‘market doubt’ for cannabis deal.
Cresco Labs Inc. and Columbia Care Inc. investors have signaled that a major merger in the cannabis space may be struggling to reach the finish line, analysts said. In March 2022, Cresco Labs CRLBF, +...
Richer Than Elon Musk, He Bought Tiffany at a Tough Time. He’s Got a Gem Now.
There’s a reason Bernard Arnault is the world’s richest person. The chairman, CEO, and controlling shareholder of LVMH Moët Hennessy Louis Vuitton the world’s largest luxury-goods merchant, knows how ...
‘Patience will be rewarded.’ Here’s why Wall Street is not panicked over Amazon’s earnings slump.
Amazon.com Inc.’s worst annual loss ever was triggering a gentle gallop toward the exits among investors on Friday, but Wall Street analysts were stoic, urging patience on the long-term value offered ...
Intel CEO Pat Gelsinger and CFO David Zinsner Buy Up Stock
Two of Intel ‘s top executives just bought up shares of the chip maker on the open market after the company issued disappointing guidance. They’ve done it before. Intel (ticker: INTC) CEO Pat Gelsinge...
What Happens to Buybuy Baby if Bed Bath & Beyond Files for Bankruptcy?
As Bed Bath & Beyond faces a growing risk of bankruptcy, the question of what will become of its strongest asset, Buybuy Baby, has loomed large. The chain, which sells strollers, car seats, and ot...
SoFi’s banking moves are proving a ‘unique advantage,’ analyst says
SoFi Technologies Inc. continues to win praise for its banking efforts after the digital financial-services company gave an upbeat earnings forecast and touted the benefits of its banking charter for ...
Exxon Earnings Are Coming Tuesday. Why a Record Year May Not Be Enough.
Exxon Mobil is on track to close out its most profitable year ever, with analysts projecting that the company earned $58 billion in 2022. But when the oil giant reports fourth quarter earnings on Tues...
Lucid Stock Soars. Here’s What Is Happening.
Lucid stock was soaring Friday, a move that is being attributed to unconfirmed rumors that the company could be acquired. Lucid (LCID) stock started moving just after noon Friday, and had nearly doubl...
Shipping Platform Freightos Goes Public in SPAC Deal
Online freight booking platform Freightos Ltd. started trading shares publicly on Thursday through a merger with a special-purpose acquisition company, just as the booming shipping demand that helped ...
Why Biden’s 4% buyback tax could boost stock prices and dividends
The Biden administration’s new stock buyback tax will have little impact on the overall stock market. It might even actually help it. I’m referring to the new 1% excise tax on share repurchases that w...