Sam Bankman-Fried sure isn’t going quietly into the night. With his crypto empire in ruins, numerous federal probes and years of litigation hanging over his head, the FTX founder has counter-intuitive...
Tag: Corporate
Okta stock jumps 15%, CEO promises profit as sales reps get on same page
Okta Inc. executives on Wednesday said they will report an adjusted profit in the fourth quarter and, in a surprise, predicted profitability for all of next fiscal year, trumping profit concerns stemm...
Banks are short more than $1 trillion in capital, says this analyst, who fears the shortfall will only get worse
The new year is nearly upon us, and one idea for where to invest is the banking sector, whose margins benefit from the high interest rates, at not terribly demanding valuations. That claim may surpris...
Suze Orman says, ‘We’re heading downhill very fast,’ unless employers start providing this lucrative benefit to their workers
Americans trying to save some cash for unforeseen expenses are up against a lot — months of red-hot inflation, wages that don’t keep up, the sheer difficulty of delayed gratification in a time when pe...
China electric vehicle maker XPeng posts wider than expected 3Q loss of CNY2.38 billion ($332m)
XPeng Inc. XPEV, +6.53% said Wednesday that it expects its fourth-quarter vehicle deliveries to decline as much as 52% as the Chinese electric-car maker reported a wider loss for the third quarter. XP...
Private-prison stock hits two-year high as analysts cite potential for more detention beds, detention alternatives
Shares of private-prison operator GEO Group Inc. jumped to their highest level in roughly two years on Tuesday after Wedbush analysts upgraded the stock, citing a GOP-controlled House, possible change...
Competitors chip away at Tesla’s share of U.S. EV market
DETROIT — New electric vehicle models from multiple automakers are starting to chip away at Tesla’s dominance of the U.S. EV market, according to national vehicle registration data. But numbers collec...
CrowdStrike Stock Falls Hard as Outlook Disappoints
CrowdStrike Holdings shares were tumbling in after-hours trading Tuesday after the security software company gave an outlook for the current quarter that fell short of what Wall Street had expected. F...
Generac Catches Another Downgrade. This Time Ford’s EV F-150 Is to Blame.
Shares of backup power provider Generac caught another downgrade. This time electric vehicles are to blame. Jefferies analyst Saree Boroditsky downgraded shares of Generac (ticker: GNRC) to Sell from ...
Lordstown Stock Rises as Endurance EV Trucks Are Cleared for Sale
Lordstown Motors hit an important milestone. Shares are rising, even though many people may not know the word used to describe that step. The Ohio-based electric truck startup announced Tuesday that i...
20 dividend stocks with high yields that have become more attractive right now
Income-seeking investors are looking at an opportunity to scoop up shares of real estate investment trusts. Stocks in that asset class have become more attractive as prices have fallen and cash flow i...
Web3 startup Starlight debuts corporate cards for crypto firms: Exclusive
Starlight, a Brevan Howard-backed web3 payments startup, has launched corporate cards that aim to simplify expense payments for crypto businesses. The cards allow both fiat and crypto payments ...
Crypto lender BlockFi is suing Sam Bankman-Fried over his shares in Robinhood: report
Just hours after filing for Chapter 11 bankruptcy in New Jersey on Monday, cryptocurrency lender BlockFi filed a lawsuit against a holding company by FTX founder Sam Bankman-Fried over his shares in t...
Twilio Stock Has Been Hammered. 3 Reasons It Could Fall Even More.
Twilio stock was falling Monday after a Jefferies analyst cited three reasons why he has lost confidence in the cloud-based software provider over the near-term. Analyst Samad Samana downgraded shares...
Fed’s shrinking of balance sheet via quantitative tightening is ‘a complete mistake,’ says Mizuho
The Federal Reserve’s attempt at shrinking its balance sheet through so-called quantitative tightening, or QT, is “a complete mistake,” according to Mizuho’s chief economist for the U.S. “There is a ...
Energy stocks look ‘especially vulnerable’ to crude-oil selloff
Something appears wrong with the chart comparing energy stocks with crude-oil prices, as what used to be a near-100% correlation has flipped to negative since oil prices peaked earlier this year. Bria...
China EV ‘honeymoon’ is ending, Jefferies says; XPeng stock downgraded
The “honeymoon stage” for electric vehicles in China is coming to an end, analysts at Jefferies said in a note Monday, highlighting EV makers BYD Auto Co. Ltd. and Li Auto Inc. as their top picks and ...
‘We see major stock markets plunging 25%,’ says Deutsche Bank
A U.S. recession induced by central-bank efforts to curb inflation is likely to arrive by mid-2023 and trigger a sharp and “temporarily painful” decline in equities, according to Deutsche Bank researc...
XPeng Stock Gets Another Downgrade. It’s Becoming More Controversial Than Tesla.
Shares of pure-play electric vehicle producers can be controversial on Wall Street. High-growth car stocks can be difficult to value when the traditional auto players trade for less than seven or eigh...
Raytheon Stock Named a ‘Best Idea’ for 2023
As the calendar turns to December, investors are thinking about stocks for 2023. Brokerage firm Cowen likes Raytheon Technologies shares for the new year, calling it a “best idea” and a top aerospace ...
Elon Musk Email Was Old News. He Still Likes His Advice For Managers.
Tesla CEO Elon Musk looked to have some welcome news for investors. But it was old news. All that investors can take away from a Saturday tweet is Musk doesn’t like a lot of meetings. An email from Mu...
Hormel Foods and HP Inc. Declare Dividend Increases
Text size Hormel stock has returned about 3% this year through Friday, dividends included. Daniel Acker/Bloomberg Hormel Foods and HP declared dividend increases in a light week for such announcements...
Cloud software is suffering a cold November rain. Can Snowflake and Salesforce turn it around?
The week after Thanksgiving could determine if cloud software is still too fat or if there are some tasty leftovers for Wall Street. Autodesk Inc. ADSK, +1.82% signaled a slowdown in business spending...
Audit Standards Overseer Also Backs Startups
Listen to article (2 minutes) An accounting trade body has invested in audit-related tech startups, while setting auditing standards and overseeing millions of audits—prompting concerns within the ind...
Investors pump almost $16bn in to US corporate bond funds
Investors have poured almost $16bn in to US corporate bond funds this month, underscoring how signs of easing inflation have helped brighten sentiment after a brutal sell-off in much of 2022. Funds ho...
Carvana Stock Downgraded After a 97% Drop. Why Analysts Waited.
Carvana stock is falling in Wednesday trading, following a BofA Securities downgrade. The move comes after the stock has swooned 97% so far this year, although BofA isn’t alone in riding the used-car ...