Text size Coinbase customers don’t have the same protections as bank or brokerage customers. Dreamstime As if crypto investors don’t already have enough to worry about, Coinbase Global (ticker: ...
Tag: Corporate Actions
Rivian reports earnings this week with stock under more pressure than ever
Rivian Automotive Inc. is slated to report first-quarter earnings after the bell Wednesday, with the EV maker battling a steep decline of its shares and fears of continued operational snags. Rivian RI...
DraftKings Golden Nugget purchase could lead to ‘revenue uplift,’ CEO says
DraftKings DKNG, -16.43% has completed its purchase of Golden Nugget Online Gaming in the company’s latest move to boost revenue and lower costs. The acquisition was an all-stock deal worth roughly $4...
As Demand for Mental-Health Care Booms, Investors See Opportunities
Psychiatrists and psychologists once ran their own practices. Now the local therapist office could be controlled by a buyout king. Venture capitalists and private-equity firms are pouring billions of ...
Big Pharma Has Enough Cash to Buy All of Biotech. Why M&A Isn’t Happening.
Text size Late last year, Barron’s predicted a wave of deals, citing biotech companies’ cash holdings. Above, the plates used to print one-dollar bills. Alex Wong/Getty Images With biotech...
Stock market selloff in ‘liquidation’ stage. Why it needs to get ‘hotter’ before it burns out.
This week’s violent U.S. stock-market turnabout may have left investors feeling shaken, but a liquidation phase that may finally be under way will probably need to “get hotter” before it burns itself ...
Zillow Stock Tumbles After Selling More Homes Than Expected. Here’s Why.
Text size Zillow says it has 1,300 homes left in its inventory, most of which have sold or are in agreement to be sold or disposed. Courtesy of Zillow Faster-than-expected home sales in Zillow’s iBuyi...
Intel CEO Pat Gelsinger Bought Up the Sliding Stock
Text size Intel CEO Pat Gelsinger. Patrick T. Fallon/Bloomberg Intel stock slid on the last trading day of April, after the company provided disappointing fiancial forecasts. On the first two trading ...
Opinion: AMD will finally give investors its data-center data as business soars
Advanced Micro Devices Inc.’s data-center business will finally get its own spotlight. After reporting record sales Tuesday and predicting another record this quarter, AMD AMD, +6.25% Chief Financial ...
Berkshire Hathaway May Have Sold Verizon, Bought $10 Billion of Financials
Text size Warren Buffett’s Berkshire Hathaway said it incurred $739 million of realized losses on equity sales in the first quarter. Paul Morigi/Getty Images for Fortune/Time Inc Berkshire Hatha...
Berkshire Hathaway May Have Sold Verizon Stock in Q1, Bought $10 Billion of Financials
Text size Warren Buffett’s Berkshire Hathaway said it incurred $739 million of realized losses on equity sales in the first quarter. Paul Morigi/Getty Images for Fortune/Time Inc Berkshire Hatha...
Alphabet Chief Financial Officer Ruth Porat Bought Stock in Blackstone
Text size Blackstone headquarters in New York. Angus Mordant/Bloomberg Blackstone stock has slumped so far in 2022, and director Ruth Porat just bought shares of the private-equity firm on the open ma...
4 Takeaways From the Berkshire Hathaway Annual Shareholders Meeting
Text size Warren Buffett. Drew Angerer/Getty Images OMAHA, Neb.—The 2022 Berkshire Hathaway annual shareholders meeting took place in person on Saturday, with tens of thousands of Warren Buffett fans ...
Buffett invests big chunk of Berkshire Hathaway’s cash
Berkshire Hathaway’s first-quarter earnings fell more than 53% on a large swing on the paper value of its investments, but Warren Buffett found ways to put some of the company’s massive cash pile to w...
Virgin Galactic Stock Is Tumbling. Here’s What’s Troubling Analysts.
Text size Truist Securities downgraded Virgin Galactic stock to Hold from Buy. Courtesy Virgin Galactic Virgin Galactic Holdings Virgin Galactic Holdings stock continues to slide on Monday after Truis...