Text size Al Gore’s investment firm, Generation Investment Management, made big bets on Microsoft and Shopify stock. Ian Forsyth/Getty Images Al Gore’s investment firm recently made some big cha...
Tag: Disruptions
Penn National dropped from S&P 500 for one of America’s largest institutional landlords
The S&P 500 index will ditch part of its bet on sports gambling in favor of a different business: renting houses. S&P Dow Jones Indices announced late Friday that it will replace Penn Entertai...
Li Auto’s Awful Deliveries Send Tesla Stock Lower
Text size Citigroup analyst Jeff Chung believes August and September sales are important for Chinese EV stocks. Hector Retamal/AFP via Getty Images Demand for electric vehicles in China is wavering. T...
Nvidia Selloff Is an ‘Overreaction,’ Analyst Says. The Stock Is Still a Buy.
Text size An analyst said a selloff in shares of Nvidia on Thursday presents a ‘particular buying opportunity.’ (Photo by Justin Sullivan/Getty Images) Getty Images Shares of Nvidia fell n...
Nvidia’s ‘China Syndrome’: Is the stock melting down?
Like the nuclear reactor in the 1979 film “The China Syndrome,” Nvidia Corp.’s share price and sales forecast have been melting down, and a sales ban of artificial-intelligence chips to China is the l...
Nvidia stock falls after U.S. moves to restrict its data-center sales in China
Nvidia Corp. shares fell in extended trading Wednesday after the graphics-chip specialist disclosed that the U.S. government is seeking to restrict its data-center business in China. In a filing with ...
Nutanix stock surges as results, outlook beat estimates
Nutanix Inc. on Wednesday reported fourth-quarter results that beat Wall Street expectations, sending its shares surging in extended trading. Nutanix NTNX, -4.53% shares rose more than 14% after hours...
Bed Bath & Beyond stock surges again ahead of ‘strategic update’
Shares of Bed Bath & Beyond Inc. surged Monday, to buck a broad-market selloff for a second straight day, as meme-stock investors expressed optimism ahead of the home goods retailer’s strategic up...
3M Stock Drops. Judge Says No to Bankruptcy Plan to Deal With Legal Liability.
Text size 3M stock was dealt a blow by a U.S. bankruptcy judge on Friday. Alamy 3M stock posted its biggest one-day decline since April 2019 after a legal ruling went against the company. On Friday af...
3M stock suffers worst day since 2019 after judge denies protection from earplug lawsuits
3M Co. stock tumbled 9.5% on Friday, pacing the Dow Jones Industrial Average’s steep decline after reports indicated that a bankruptcy judge blocked a request from 3M that would have shielded the comp...
As Intel Shares Slide, CEO Gelsinger Doubles Down
Intel CEO Pat Gelsinger Alex Wong/Getty Images Text size Shares of Intel have shed a third of their value so far in 2022. And Pat Gelsinger just made his largest open-market purchase since becoming th...
Nvidia Stock Is Down 40% This Year. Don’t Expect a Quick Turnaround.
Text size Even after its 40% share price stumble this year, Nvidia’s valuation looks expensive. Sam Yeh/AFP via Getty Images Nvidia, the most valuable U.S. semiconductor company, is in a big rut. This...
Affirm stock plunges 14% as earnings beat but outlook comes up short
Shares of Affirm Holdings Inc. tumbled nearly 14% in after-hours trading Thursday after the buy-now-pay-later company exceeded expectations with its latest results but delivered a lower-than-anticipat...
Marvell stock drops as persistent supply constraints weaken data-center forecast
Marvell Technology Inc. shares fell in the extended session Thursday after the chip maker forecast data-center sales for the third quarter that fell well short of Wall Street’s expectations due to sup...
VMware beats on earnings as it awaits Broadcom acquisition approval
VMware Inc.’s profit declined less than expected in the second quarter, as the software company awaits approval for an acquisition by chip maker Broadcom Inc. VMware VMW, +2.31% on Thursday reported s...
Snowflake Stock Soars. Sales Growth Crushed Estimates.
Text size Shares of Snowflake are down more than 50% this year. Dreamstime Snowflake shares soared in late trading Wednesday after the cloud-based data-warehousing company posted better-than-expected ...
Splunk Earnings Beat Estimates. Shares Fall on New Business Slowdown.
Text size Splunk said 723 customers are generating more than $1 million in annualized revenue. Dreamstime Splunk posted better-than-expected results for its fiscal second quarter ended July 31, while ...
Snowflake stock soars over 17% after large revenue beat
Shares of Snowflake Inc. surged in Wednesday’s aftermarket action after the data-software company easily topped revenue expectations for its latest quarter. The company posted a fiscal second-quarter ...
Verizon dividend yield at ‘by far’ its highest level in a decade, and a hike could be imminent
The pullback in Verizon Communications Inc.’s stock this year has brought its dividend yield to “by far” its highest level in 10 years at 5.8%, and Morgan Stanley analyst Simon Flannery expects that t...
AMC’s ‘APEs’ start trading today — what will the potential windfall mean for the meme stock and cinema chain?
AMC Entertainment’s AMC Preferred Equity Units, or APEs, could open the door to substantial additional capital for the meme stock darling when they start trading on the New York Stock Exchange Monday....
Ford Stock Falls on $1.7 Billion Verdict in Fatal Truck Rollover. Ford to Appeal.
Text size A large jury award against Ford has investors nervous Monday. Scott Olson/Getty Images Ford Motor stock was falling in premarket trading Monday because of a potentially large legal bill. A j...
Giant Fund Sells Apple, Tesla, Microsoft Stock. It Bought Walmart.
Text size An Apple Store. PSP Investments cut its Apple position in the second quarter. Getty Images A giant Canadian pension recently made substantial changes in its U.S.-traded investments. Public S...
PNC Financial Services Has Big Ambitions—and a 3.4% Dividend Yield
With the acquisition of the U.S. banking operations of Spain’s BBVA, PNC now has a presence in all of the top 30 markets in the U.S., including St. Louis. Peter Newcomb/Great Forest Park Balloon Race ...
Meme stock Bed Bath & Beyond ‘decoupled from economic reality’ but now getting crushed; it isn’t alone
This is an eventful time for meme stocks, as evidenced by Bed Bath & Beyond’s rollercoaster week. Shares of the troubled retailer skyrocketed recently, driven by the Wall Street Bets crowd on Redd...
Axsome Stock Is Flying as Fast-Acting Depression Drug Wins FDA Approval
Text size The decision on the drug came a bit less than a year after the FDA’s self-imposed deadline on making a call had passed. Dreamstime The Food and Drug Administration issued a long-awaite...
Here are the signs that the bear-market rally in stocks won’t last long – Citi
U.S. stocks have clawed back much of their losses from the first half of the year, but the three major indexes tumbled this week under reviving fears about interest rate rises by the Federal Reserve, ...
AMC, Movie Theater Stocks Fall on Report of Potential Bankruptcy for Cineworld
Text size AMC Entertainment stock was down 7% in early trading Friday. Angela Weiss / AFP via Getty Images AMC Entertainment, Cinemark, and other movie theater stocks tumbled on Friday after The Wall ...
Weber stock enjoys best day ever as traders bet on it being the next meme stock
Weber Inc. shares enjoyed their biggest daily bounce ever Thursday, on record volume, as investors seemed to bet on the grill maker becoming the next meme stock. Weber WEBR, -6.20% shares finished the...
Ryan Cohen cashed out of Bed Bath & Beyond stock with more than $58 million profit; shares plunge again
Investor Ryan Cohen has confirmed that he sold his entire stake in retailer Bed Bath & Beyond Inc. with profit of more than $58 million, and shares plummeted in after-hours trading for a second co...
What Investors Need to Know About AMC’s APE Units: A Stock ‘Split on Steroids’
Updated Aug. 17, 2022 4:35 pm ET Listen to article (1 minute) AMC Entertainment Holdings Inc. outlined plans this month to issue a special dividend, sending its shares soaring and stoking enthusiasm a...
Bed Bath & Beyond stock drops more than 15% after Ryan Cohen plans to unload huge stake
Bed Bath & Beyond Inc. shares fell more than 15% in the extended session Wednesday after GameStop Corp. Chairman Ryan Cohen disclosed he’s planning to sell his big stake in the company just months...
Who is the new Starbucks CEO? He has ‘deep’ knowledge of the consumer but lacks restaurant experience.
Investors didn’t appear to be too excited with Starbucks Corp.’s choice for its new chief executive officer, Laxam Narasimhan, but BTIG analyst Peter Saleh said they shouldn’t be surprised that he’s n...