Shares of Rivian Automotive fell after a report said the electric truck start-up is in talks to end an exclusivity pact with Amazon.com. That might have been an overreaction, judging by Amazon’s respo...
Tag: Amazon.com
Tech Carried the Stock Market. Now They’re Taking It Down With Them.
The prospect of still-higher short- and long-term interest rates produced the worst week for the S&P 500 index in the relatively young year, a drop of 2.67%, and the third straight down week for t...
Tech Carried This Upturn, and Now It’s Taking the Market Down With It
The prospect of still-higher short- and long-term interest rates produced the worst week for the S&P 500 index in the relatively young year, a drop of 2.67%, and the third straight down week for t...
Amazon’s Stock Slump Is Hitting Employee Pay
It’s not just layoffs casting a cloud over Amazon Its share-price fall is also hitting employees’ pay, forcing the company to reassure its workers about the likelihood of a rebound. Amazon ‘s (ticker...
Stock Market Has Worst Week of 2023. No News Is Bad News.
It’s the middle of February, and the stock market finally seems caught in the winter doldrums. There may be more gray days ahead. Even the most optimistic investors will admit that January’s blisterin...
Affirm Stock Drops. Company Slashes 19% of Jobs After Earnings Miss.
Affirm Holdings, a buy-now, pay-later fintech, is slashing 19% of its workforce after missing expectations for both its second fiscal quarter and its immediate outlook. Founder and CEO Max Levchin sai...
Apple, Amazon, Alphabet, Ford, Nordstrom, and More Stock Market Movers
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Are Warren Buffett’s Investment Aides Beating the Stock Market?
Todd and Ted may be having a tough year in the stock market. Todd Combs and Ted Weschler each were hired by Berkshire Hathaway (ticker: BRK/A, BRK/B) CEO Warren Buffett more than a decade ago to manag...
Bill Miller Is Still Bullish on Bitcoin—and a Lot More
Professional athletes like to retire after a good run. Legendary value investor Bill Miller is taking a different route. Miller, 72, is sticking with the plan he announced in January to hang up his in...
Oracle Stock Rises on Strong Earnings
Oracle shares were moving higher late Monday after the company posted better-than-expected financial results for its latest quarter. The enterprise software giant continued to see success in shifting ...
CVS Wants to Be a Healthcare Provider. So Why Doesn’t It Have Any Doctors?
Late last year, CVS Health CEO Karen Lynch unveiled a new strategy: Rather than remain simply a pit stop for toilet paper and flu shots, CVS stores would become a place that Americans—particularly old...
Fastly Stock Jumps Ahead of Earnings. Analyst Says Shares Can Soar 62%.
A BofA Securities analyst turned bullish on Fastly, upgrading shares to Buy on optimism about the company’s recently appointed CEO. The cloud computing company’s stock surged as a result. Tal Liani, B...