Shares of Carvana Co. CVNA, +5.48% jumped 2.4% in premarket trading Tuesday, after the online used-car retailer said it adopted a shareholder rights plan, in an effort to block investors from buying u...
Tag: Acquisitions
For All His Criticisms of Disney, Peltz and Iger Probably Agree: Streaming Has to Be Fixed
“Great news: Nelson Peltz made a slide deck about me,” said no CEO ever. But maybe Walt Disney Bob Iger had mixed feelings about the 35-pager that dropped this past week. One one hand, it says that he...
Algonquin Power to cut dividend by 40%, provides downbeat profit outlook
Shares of Algonquin Power & Utilities Corp. AQN, -4.26% AQN, -4.67% turned lower to fall 2.2% in premarket trading Thursday, after the utility company said it was taking “decisive actions” to stre...
Ripple exec expects more crypto acquisitions by TradFi in 2023
The cryptocurrency industry will see increased consolidation in 2023 as healthier companies acquire more crypto and blockchain companies, according to a senior executive at Ripple. Sendi Young, Ripple...
GE HealthCare, in first deal after spinoff, set to buy French company
GE HealthCare Technologies Inc. GEHC, -1.44% late Monday said it has agreed to buy French tomography company IMACTIS for an undisclosed amount. IMACTIS’s system is designed to increase the procedure’s...
CVS eyes next-generation health clinics after Amazon’s move for One Medical
CVS Health Corp. is investing in a young chain of health clinics, and may be looking to acquire another. CVS CVS, -0.12% invested $100 million in a Carbon Health Inc., a San Francisco-based chain of u...
Fed’s Powell won’t stop rate hikes until he ‘terrifies’ the wealthiest of investors, says this CIO
Investors are waking up to a whiff of positivity where stocks are concerned for Monday, after last week’s first gain in five that was prompted by weak wage growth Alongside a bleak Institute for Suppl...
European drugmakers including AstraZeneca pony up for U.S.-listed biopharmas
European drugmakers on Monday announced a trio of deals around a billion dollars each to buy U.S.-listed biopharmas at hefty premiums. Anglo-Swedish AstraZeneca AZN, +1.42% AZN, -1.26% said it’s pay...
FTC’s proposed ban on noncompete agreements could have biggest impact on tech industry
Ryan Morrissey is a serial founder of software companies, having already launched three separate startups. Yet when he sold one of those companies, he had to sign an agreement to not start any more fo...
Snowflake Is a Great Cloud Stock to Buy on the Dip, Says Wells Fargo
Investors should buy Snowflake shares because companies are going to need the cloud-software data warehousing company’s services even as the economy slows down, Wells Fargo Securities says. On Friday,...
CrowdStrike Stock Has Tumbled. A Director Scooped Up Shares.
CrowdStrike Holdings stock tumbled in 2022, and one director scooped up shares of the provider of security software in the last week of that year. CrowdStrike (ticker: CRWD) lost about half of its mar...
Nvidia in Pact With Foxconn to Build Autonomous Cars
Getting a jump on the parade of announcements to come at this week’s CES tech trade show in Las Vegas, the graphics and AI chip company Nvidia gave an unofficial virtual keynote presentation Tuesday m...
Berkshire Hathaway Had a Strong 2022. What to Watch in 2023.
Berkshire Hathaway is coming off a strong year, one in which operating earnings climbed, investment activity picked up sharply, and the stock handily outperformed the S&P 500 The outlook for 2023 ...
Cybersecurity Stocks: Why Acquisitions Could Pick Up In 2023
Look for more mergers and acquisitions among cybersecurity firms in 2023 as companies race to build broad platform offerings. This consolidation trend could boost cybersecurity stocks, which underperf...
Lucid Stock Fell to New Low Despite $1 Billion Saudi Investment
Lucid Group stock continued to slide this week, despite a recent additional investment in the embattled electric-vehicle maker by Public Investment Fund, Saudi Arabia’s sovereign-wealth fund, of nearl...
National Storage Sees Big Insider Stock Buys
Shares of self-storage firm National Storage Affiliates Trust have tumbled in 2022, and are now trading near a two-year low. Two insiders, including a company founder, purchased large amounts of stock...
Tesla stock suffers longest losing streak since March 2020 after Wedbush slashes price target by 30%
Shares of Tesla Inc. suffered their longest losing streak since the start of the COVID pandemic, after Wedbush analyst Dan Ives slashed his price target by 30%, citing “demand cracks” for the fourth q...
Bed Bath & Beyond Ponders Bankruptcy, Exciting the Meme Crowd
What were shareholders thinking? Shares of retailer Bed Bath & Beyond zoomed 179%, to $3.49 this past week, despite the retailer warning of a possible bankruptcy. One explanation: Meme stock mania...