Text size A Nio eP9 car Hector Retamal/AFP via Getty Images The second-largest U.S. pension by assets bought up shares of four electric-vehicle makers as 2021 was coming to a close. Unfortunately, the...
Tag: Corporate Funding
DraftKings Posts Higher Revenue but Expects Losses to Widen in 2022
Sports-betting company DraftKings Inc. posted higher revenue for the holiday quarter, but said it expects its adjusted loss to widen this year as it launches in new states like New York and Louisiana....
George Soros Buys a Big Rivian Stake
Text size Soros Fund Management’s stake was worth about $2.1 billion at the end of December. Courtesy Rivian George Soros’ family investment office, Soros Fund Management, revealed a new stake i...
After Alphabet’s Stock Split, Amazon and Others Look Ripe to Split Shares
Text size Amazon, Chipotle, and others could be candidates for splitting their stocks. Noah Seelam/AFP via Getty Images Alphabet recently announced it is splitting its stock. It probably won’t be the ...
PepsiCo Posts Earnings Beat and Boosts Dividend. The Stock Rises.
Text size Joe Raedle/Getty Images PepsiCo , the soft drinks and snacks giant, reported fourth-quarter adjusted earnings of $1.53 a share on revenue of $25.3 billion, both higher than analysts’ estimat...
The stock split from Google’s parent may spark a wave, Bank of America analysts say
Stock splits usually work, and the 20-for-1 split by Google’s parent company Alphabet may spark a wave. That’s according to analysis from Bank of America, which found that companies that have announce...
How Much Is Trump’s New Social-Media Company Worth? Traders Can’t Decide
Traders are struggling to place a consistent value on Donald Trump’s new social-media venture, a business that hasn’t offered much in the way of details but one that supporters think is destined to ta...
BP Posts Bumper Profit and New Round of Buybacks
Text size BP Exploration Alaska headquarters Getty Images Surging oil and gas prices last year helped BP post its highest profit since 2012, allowing the company to reduce debt and announce more share...
Nvidia calls off $40 billion acquisition of Arm: report
Nvidia Corp. is giving up on its attempt to acquire chip designer Arm Ltd. from Softbank Group Corp., according to a report Monday. Nvidia NVDA, +1.68% agreed to acquire Arm for $40 billion in cash an...
Nokia Reinstates Dividend, Sets New, Long-Term Margins Target
Text size The logo of telecommunications giant Nokia before the company’s press conference in Espoo, Finland. Markku Ulander /Lehtikuva/AFP via Getty Images Nokia on Thursday reinstated its quar...
Facebook Parent Meta Ramped Up Stock Buybacks at a Bad Time
Text size Meta’s record $19.2 billion of share repurchases in the fourth quarter amounted to 2% of the company’s shares outstanding. Mandel Ngan/AFP via Getty Images Mark Zuckerberg picked...
Opinion: Invest in Google if you like — but that stock split isn’t a solid reason to be bullish
CHAPEL HILL, N.C. – Alphabet’s just-announced 20-for-1 stock split is not the bullish omen that investors are making it out to be. There are two major arguments being given for why this stock split is...
Alphabet Stock Is Soaring After an Impressive Earnings Beat
Text size Stock in Alphabet, Google’s parent, is up more than 40% over the past year. Sean Gallup/Getty Images Alphabet crushed expectations and announced plans for a 20-for-one stock split afte...
Opinion: Google is finally splitting its stock; will Amazon be next, leading to a Dow shakeup?
Alphabet Inc. is finally carving into its gargantuan stock price with a stock split, which leaves only one Big Tech company remaining with a huge per-share price despite an easy avenue to change it. A...
Google could challenge for $2 trillion market cap after earnings, stock-split news
Google parent Alphabet Inc. headed toward a couple of elusive marks Tuesday evening, after disclosing earnings and plans for a stock split: A $3,000 share price and $2 trillion market cap. Alphabet sh...
Mobile shopping company Wish’s stock gains as Foot Locker exec is named as new CEO
Wish parent company Contextlogic Inc. announced Monday that it found its new chief executive at Foot Locker Inc., and shares gained in late trading. Vijay Talwar, most recently the CEO for Foot Locker...
Why AT&T May Be Leaning Toward a Spinoff of Its Discovery Stake
AT&T may be leaning toward a straightforward spinoff of the 71% stake in the new Warner Bros. Discovery in the coming months rather than a complex “split-off,” or exchange offer. A transaction in ...
The Worst Big IPOs of 2021
Text size Oscar Health shares closed at $6.20 on Friday, down 84% from the IPO price. Gabby Jones/Bloomberg IPOs soared for most of 2021, making the year one of the best ever for companies to list the...
Stocks Are on a Wild Ride. 20 Bargains to Buy Now, According to Barron’s Roundtable Experts.
Fed be nimble, Fed be quick. The quicker, the better, in fact. Hike interest rates, shrink your balance sheet, and let’s be done with it all before the stock market sinks even further. The market’s re...
Canadian pot company BC Craft files for bankruptcy protection as market shrinks
BC Craft Supply Co. shares fell sharply on Wednesday after the Vancouver-based cannabis producer filed for protection from its creditors under Canada’s Bankruptcy and Insolvency Act. BC Craft Supply C...
The Market’s Priced in a Rate Rise. Now the Fed Has Lots of Other Issues to Decide.
Watch what they say, not what they do, at the Federal Open Market Committee meeting this coming week. The obverse of the famous advice from Richard Nixon’s attorney general, John Mitchell, is what eco...
Ford to book $8.2 billion fourth-quarter profit on Rivian investment
Ford Motor Co. said late Tuesday it will post an $8.2 billion gain in the fourth quarter related to its investment in Rivian Automotive Inc. following the electric-vehicle maker’s November initial pub...
Spin or Split? AT&T Has a Big Decision to Make on Discovery Stake.
Text size An AT&T store on Sixth Avenue in Manhattan. Timothy A. Clary/AFP/Getty Images Spin or split? That is the decision that AT&T (ticker: T) faces as it considers what do with a 71% stake...
GlaxoSmithKline shares soar after Unilever bids for its consumer healthcare unit
Shares of GlaxoSmithKline surged on Monday, while Unilever stock tumbled following a failed $68 billion bid by the latter to acquire the pharmaceutical giant’s consumer healthcare arm. Driving the FTS...
Student-Loan Processor Navient to Cancel $1.7 Billion of Debts
One of the nation’s largest student-loan processors will cancel the debt of 66,000 borrowers, totaling $1.7 billion, in an agreement with 40 state attorneys general. The agreements resolve all six out...
Robinhood Is Making Changes. Keep an Eye on Its Stock.
Text size Tiffany Hagler-Geard/Bloomberg Robinhood Markets stock is in the doldrums, down more than 50% from its initial public offering price in July. The company is making moves to reverse that decl...
Opinion: Adam Aron’s resolution to refinance AMC’s debt might put his love affair with ‘Apes’ at serious risk
Adam Aron wants to be happier, healthier and find a clever way around his own retail shareholders to pay off some serious debt in 2022. In a pair of tweets, Aron told his followers that “If we can, in...
Meta Stock Has Never Been Cheaper Since Its 2012 IPO
Text size Meta Platforms, the former Facebook, has a lower price-to-earnings ratio than other Big Tech companies. Noah Berger/AFP via Getty Images Meta Platforms ‘ stock is as cheap now as it has ever...