Roughly two weeks before SVB Financial Group stock collapsed and its Silicon Valley Bank unit was closed by regulators, its top executive sold millions of dollars of shares. SVB (ticker: SVB) Presiden...
Tag: C&E Executive News Filter
Grayscale Bitcoin Fund Soars as Judges Sound Skeptical of SEC’s Arguments on ETF
Grayscale Investments for years has fruitlessly sought to convert its flagship product—the world’s largest Bitcoin fund at $14 billion—into an exchange-traded fund, most recently suing the Securities ...
AMC Stock Falls After CEO Warns Company Could Be Forced to Sell More ‘APEs’
AMC Entertainment stock closed down sharply Wednesday in the wake of comments from the CEO that the firm may be forced to sell more stock for less money if shareholders don’t approve measures that all...
Burned Out, More Americans Are Turning to Part-Time Jobs
Part-time work is exploding. The number of Americans working part time rose by 1.2 million in December and January compared with the preceding months, according to the Labor Department. Most of that i...
PayPal’s Outgoing CEO Dan Schulman Buys Up Stock
PayPal Holdings stock has lost all of its gains from the pandemic era, when homebound shoppers used its services to buy online. The financial-services company’s outgoing president and CEO Dan Schulman...
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...
Corteva CEO Chuck Magro Bought Up Stock
Corteva stock came through 2022 swimmingly, and shares of the seed-and-pesticide maker remain in positive territory in 2023. CEO Chuck Magro just bought a large block of the company’s stock. Corteva s...
Bed Bath & Beyond to Shut Down Canadian Stores in Bankruptcy
Bed Bath & Beyond Inc.’s Canadian division will shut down its stores under court protection after the company received an unusual lifeline earlier this week to save its U.S. operations from bankru...
Raytheon CEO Bought Up This Energy Stock
After a strong 2022, Phillips 66 stock recently slipped, and one director scooped up shares of the diversified-energy firm on the open market. Phillips 66 stock (ticker: PSX) surged 44% in 2022—a stro...
Micron Suspends Executive Bonuses. The Stock Was Upgraded, Too.
Micron Technology has suspended bonuses for executives, and the stock earned an upgrade, though the two don’t appear to be connected. Micron (ticker: MU) said late Thursday a board committee had appro...
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...
Capital One Job Cuts Signal Trouble for IT Labor Market
IT positions have largely been seen as insulated from the job cuts that have hit workers at major technology firms like Alphabet Inc. and Microsoft Corp., but the Capital One layoffs affecting 1,100 e...
EOG Resources Director Mike Kerr Buys Up Stock
Energy exploration and production company EOG Resources had a boffo 2022, and one of its directors made his second purchase of shares in three months. EOG stock (ticker: EOG) surged 46% last year, lif...
Party City Files for Bankruptcy. Why the Party Won’t Stop for Other Retailers.
Party City ‘s decadeslong jamboree is coming to an end, now that the retailer has filed for bankruptcy protection following years of weak financial results. The company said it filed for voluntary cha...
Netflix Stock Surges on Subscriber Beat
Netflix posted better-than-expected subscriber growth in the fourth quarter, adding 7.66 million net new subscribers, well ahead of the 4.5 million the company had projected. The company also announce...
Sell Microsoft Stock. The Software Giant Is Facing a Bad Economy, Says Analyst.
Guggenheim is getting more pessimistic about Microsoft stock on the risk of a slowing global economy. On Tuesday, analyst John DiFucci lowered his rating on software giant Microsoft (ticker: MSFT ) to...
Judge Orders Cruise Companies to Pay More Than $436 Million for Docking at Seized Terminal in Cuba
Four major cruise lines say they will appeal a recent ruling that would force them to pay roughly $436 million in total damages to a company that owned a port terminal in Havana prior to the Cuban Rev...
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...
Why a Long-Term Investor Is Sticking With Tesla and Cloud Shares
Everything about the investment approach at Baillie Gifford screams patience. Founded more than 110 years ago, the Scottish portfolio management firm, which oversees $250 billion, is a believer in the...
Startups End a Bruising 2022, Stare Down Another Challenging Year
Startups had a dismal year by nearly every measurement in 2022, from plummeting investment to scarce public listings, and data point to a 2023 that could be even more difficult. As markets tanked in e...
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...