Zillow Group Inc. is almost done selling all the homes it bought in a flurry that led to a flameout of its iBuying business, but its plans for the future led to shares plunging in extended trading Thu...
Tag: Corporate
Twilio stock declines as weak outlook follows a quarterly beat
Twilio Inc. shares fell in the extended session Thursday after the software company’s outlook came in below Wall Street expectations following a reported beat in the previous quarter. Twilio TWLO, +0....
A Recession Is Coming. These Are the Stocks to Hunker Down In.
Eli Salzmann loves nothing better than finding a company that’s a “dog of a stock with no momentum” but on the verge of better days. At its core, that is what value investing is all about. Over the co...
Walmart Stock Falls After Report of Hundreds of Layoffs
Text size Shares of Walmart are down about 10% this year. Photo by Michael Ciaglo/Getty Images Walmart is eliminating about 200 jobs in a bid to restructure the company, according to a report from The...
Walmart Reportedly Slashes 200 Corporate Jobs After Falling Profit Warnings
Topline Walmart, America’s largest private employer, is laying off about 200 corporate workers, according to the Wall Street Journal, a week after the company cut its quarterly and full-year profit fo...
Moderna CEO: No ‘Crazy’ Deals. We’re Giving Cash to Shareholders.
Text size Moderna CEO Stephane Bancel says his company will keep returning cash to investors until it finds a better way of creating value. Jason Alden/Bloomberg Moderna ’s CEO is feeling no pressure ...
Why an Arkansas town could provide a grim road map for America if car repos blow up
As recession worries loom over America, a debt crisis already bearing down on wage workers in northwest Arkansas could foreshadow bigger problem for a nation on high alert for a flood of car repossess...
AMD Stock Is Dipping. Why Analysts Say to Buy.
Text size An AMD central processing unit for a desktop PC. Alamy Wall Street is telling investors to buy Advanced Micro Devices shares any time they fall. Analysts believe the chip maker’s second-quar...
Sandy Hook Families Accuse Alex Jones of Diverting Funds From Infowars Parent Company
Families of Sandy Hook victims who are suing Alex Jones for defamation accused the conspiracy theorist of siphoning significant amounts of money from Infowars’ parent company before he put the busines...
Tesla Has an Annual Meeting Thursday. What to Watch For.
Text size Tesla convenes its 2022 annual meeting of shareholders on August 4. Mario Tama/Getty Images Tesla ’s huge base of retail investors always like to hear from management and CEO Elon Musk. They...
Cost of Democrats’ Corporate-Tax Increase Skews to Wealthy, Reaches Middle Class
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Moderna’s Earnings Are Wednesday. Here’s What to Expect.
Text size Moderna is developing two vaccines for the fall, one for the U.S. and the other for international markets. Sean Gallup/Getty Images As the U.S. prepares for a broad Covid-19 booster campaign...
Occidental Petroleum Tops Profit Estimates, Pays Down Debt
Text size Occidental stock has doubled this year and is the top performer in the S&P 500, Callaghan O’Hare/Bloomberg Warren Buffett probably liked Occidental Petroleum ’s second-quarter earn...
Chip Maker AMD Prospers as Rival Intel Struggles
Advanced Micro Devices reported a sharp increase in quarterly sales, driven by strength in its data-center business where rival Intel has been stumbling, but issued a muted outlook for the current per...
AMD Stock Drops After Earnings
Text size AMD shares are down 31% so far this year. Dreamstime Advanced Micro Devices reported better-than- expected earnings results Tuesday afternoon. But the company forecast less revenue than expe...
AMD stock slips as revenue forecast dips below Street consensus
Advanced Micro Devices Inc. shares declined in the extended session Tuesday after the chip maker’s revenue forecast fell below the Wall Street consensus after posting record sales, topping Street expe...
SoFi stock gains after earnings as revenue beats and losses shrink
Shares of SoFi Inc. were up nearly 3% in after-hours trading Tuesday after the company beat expectations with its latest results and delivered an upbeat earnings forecast for the current quarter. The ...
Beyond Meat’s cash burn is putting the stock at risk of falling to $0, warns New Constructs
Beyond Meat is the latest addition to the list of “zombie stocks” compiled by independent equity research firm New Constructs. The research firm, which uses machine learning and natural language proce...
For Crypto Customers, a Long Battle Ahead in Bankruptcy
Millions of customers of crypto platforms Voyager Digital Holdings Inc. and Celsius Network LLC have been thrust into a potentially long and painful battle in bankruptcy trying to retrieve their money...
AMD Stock Dips. Why Analysts See It as a Buying Opportunity.
Text size An AMD central processing unit for a desktop PC. Alamy Wall Street is telling investors to buy Advanced Micro Devices shares any time they fall. Analysts believe the chip maker’s second-quar...