Alphabet Inc. investors rejected 17 shareholder proposals at the Google parent company’s annual meeting Wednesday, including a racial-equity audit, but approved a company proposal to increase the shar...
Tag: Corporate Funding
Amazon’s Stock Split Is Coming. Watch Tesla and Google for More.
Text size Amazon stock was at $2,423.06, or a little over $121 on a post-split basis, on Wednesday. Stefani Reynolds/AFP via Getty Images It could be a stock-split summer on Wall Street. Some of a flu...
Qualcomm Keen to Buy Arm Stake in Chip Designer’s Upcoming IPO, CEO Says
Text size Qualcomm CEO Cristiano Amon hasn’t yet spoken to SoftBank about a potential investment in Arm, the FT reports. Mario Tama/Getty Images Qualcomm is keen to buy a stake in SoftBank Group...
Snowflake Stock Looks Like a Buy
Text size Snowflake went public on the New York Stock Exchange in September 2020. The stock more than doubled on its first day of trading. Erik Pendzich/Shutterstock It’s been more than 600 days since...
Dividend Stocks With the Biggest Payout Ratios Outperform Buybacks
For more than 20 years, stocks with strong dividend payout ratios have acquitted themselves well against two important groups: companies that pay less of their earnings in dividends and firms that rep...
Twitter Stock Jumps. Tesla CEO Elon Musk Is Fine-Tuning His Potential Purchase.
Text size Tesla CEO Elon Musk filed an amended regulatory form for his potential buy of Twitter. Angela Weiss/AFP via Getty Images Elon Musk said in a regulatory filing Wednesday that he no longer pla...
Why Shale Drillers Are Pumping Out Dividends Instead of More Oil and Gas
Shale drillers have been hamstrung by pipeline constraints, rising prices for oil-field supplies and shortages of roughnecks and rigs. But there is another reason the highest oil and gas prices in yea...
Robinhood and 4 Other Broken IPO Stocks That Could Be Buys
After a bubbly year for initial public offerings, 2022 looks like a bust. Shares of many companies that came public last year are down 80% or more from their peaks. “This is the IPO market’s worst sel...
You bought. They sold. Meet some of the insiders who unloaded $35 billion in stock amid the tech IPO bonanza before it tanked.
A year ago, Heather Hasson and Catherine “Trina” Spear traveled from Santa Monica, Calif., to New York to ring the opening bell at the New York Stock Exchange. The co–chief executives of FIGS, an onli...
Doximity stock plummets after forecast, heads lower than IPO price for first time
Doximity Inc. shares plunged toward all-time lows in after-hours trading Tuesday, following an earnings report that projected an unexpected revenue decline in the current quarter. Doximity DOCS, +2.36...
PayPal borrows $3 billion to help fund debt buyback plan
PayPal Holdings Inc. hit the market on Monday with a $3 billion corporate bond financing to help the online money-transfer and payments giant fund a $2 billion tender offer for its own debt. The four-...
A $100 Billion Comedown: Soaring Defaults Shrink Asia’s Junk-Bond Market
Once the place to be for yield-seeking global investors, Asia’s junk-bond market has shrunk drastically and new debt issuance has slowed to a trickle. Less than 18 months ago, the dollar-bond market f...
Renault Sells Russia Business to State-Backed Entity for One Ruble
PARIS—French auto maker Renault SA has reached a deal to cede its 68% stake in Russia’s biggest car maker to a state-backed entity for one ruble and a six-year option to buy back its shares, according...
Are SPACs That Bad? Study Find Similar Returns for Blank Checks and IPOs
Text size A wheel loader moves ore at MP Materials’ mine in Mountain Pass, Calif. Joe Buglewicz/Bloomberg Special-purpose acquisition companies have lost their luster this year. But recent data ...
Starbucks’ CEO Howard Schultz Bought $10 Million of Stock
Text size Howard Schultz has halted Starbucks’ buybacks of its stock. Getty Images Howard Schultz, now on his third stint as Starbucks ‘ top executive, just bought millions of dollars of the cof...
Beyond Meat’s stock slides 20% on weak sales, heads lower than IPO price for first time
Beyond Meat Inc.’s not-so-good 2022 took an ugly turn for the worse Wednesday with quarterly results that lacked sizzle. The maker of plant-based meat products BYND, -13.83% reported a net loss of $10...
Dutch Bros. stock spills 37% lower after forecast cut due to inflation
After its third quarterly earnings report since going public, coffee chain Dutch Bros. Inc.’s shares were slaughtered in late trading Wednesday after executives revised their annual outlook to predict...
Upstart stock plunges 46% after earnings as company cuts outlook
Shares of Upstart Holdings Inc. plunged 46% in after-hours trading Monday after the company cut its forecast for the full year, warning that the current macroeconomic climate is expected to weigh on l...
Billionaire George Kaiser’s Bank Drills Deeper Into the Oil Patch
Banks all over the U.S. and around the world have curtailed lending to the U.S. oil-and-gas sector. BOK Financial Corp. BOKF 1.09% has doubled down. The Tulsa, Okla.-based bank holding company for the...
Oil Prices Top $100, Yet Some Big U.S. Frackers Let Their Production Fall
Oil prices are at their highest in years and politicians want companies to pump more. But most large American frackers are standing pat, or even letting production decline, and instead are handing inv...
Bausch + Lomb, Year’s Second-Biggest IPO, Pops in Public Debut
Text size Bausch + Lomb’s IPO is the second-biggest so far this year. Scott Olson/Getty Images Eye-care company Bausch + Lomb and biotech PepGen kicked off their lives as public companies Friday...
Starbucks plans to invest roughly $200 million to tackle increased demand for customized cold beverage orders
According to Starbucks Corp.’s interim Chief Executive Howard Schultz, the coffee giant’s problem isn’t demand, but the challenges of meeting it. The company SBUX, -1.26% has allotted more than $200 m...
How to Hitch a Ride on the Porsche IPO
Porsche POAHY 2.09% was more profitable than ever in the first quarter. Investors will have to wait until the fall for its initial public offering, but there are indirect ways to get in early. Volkswa...
Tesla Schedules Its Annual Meeting. A Stock Split Approaches.
Text size Tesla scheduled its 2022 annual stockholders meeting for later this year. Spencer Platt/Getty Images Mark your calendars: Tesla ’s 2022 annual meeting of stockholders will be held on Aug. 2,...
Rivian’s IPO Lockup Is Almost Over. Here’s What that Means for the Stock.
Text size Door panels for the R1T, Rivian’s electric pickup truck, are ready for installation on the trim line. Courtesy Rivian Rivian Automotive investors have been dealing with a lot lately. S...
Berkshire Hathaway First Quarter Operating Profits Edged Higher as Buybacks Slowed
Berkshire Hathaway made a big bet on other stocks in the first quarter, and energy was a favorite. Warren Buffett’s company bought $51.1 billion worth of equities in the quarter, according to the comp...
Apple, IBM, and 14 More Companies That Raised Their Stock Dividends
Text size IBM plans to raise its dividend. Migel Medina/AFP via Getty Images Apple, International Business Machines, and Discover Financial Services were among the large U.S. companies that announced ...
Apple gave investors more than $100 billion last year — how much more is coming?
Apple Inc. is getting ready to show investors the money. Apple’s AAPL, -2.78% Thursday afternoon earnings report not only will reveal how the consumer-electronics giant is managing supply-chain and ma...
Musk Says Twitter’s Board Owns Almost No Stock. Here’s How It Compares With Tesla.
Twitter’s directors are granted $225,000 of restricted stock units, plus at least $50,000 in cash, annually. David Paul Morris/Bloomberg Text size Elon Musk questioned Twitter directors’ alignment wit...
Elon Musk Isn’t Going Away if Twitter Rejects Him. Here’s What He Might Pay.
Text size Elon Musk Scott Olson/Getty Images Even if the Twitter board rejects Tesla CEO Elon Musk’s offer to buy the social-media platform, he won’t go away immediately. There is more drama to come. ...
Municipal Bonds Are Down So Much That They’re Buys Again
Text size Al Drago/Bloomberg A funny thing happened in the past week, as news emerged of inflation hitting a four-decade high. A few strategists started looking a bit more positively on bonds, or at l...
Opinion: Do poison pills work? A finance expert explains the anti-takeover tool that Twitter hopes will keep Elon Musk at bay
Takeovers are usually friendly affairs. Corporate executives engage in top-secret talks, with one company or group of investors making a bid for another business. After some negotiating, the companies...