Text size Coinbase is in a tug of war between crypto bulls and bears. Samyukta Lakshmi/Bloomberg Coinbase Global trades like a side bet on Bitcoin. Lately, though, shares of the crypto brokerage have ...
Tag: Disruptions
Saudi Aramco Posts 90% Jump in Profit, Generating Billions for Kingdom
DUBAI—Saudi Arabia’s national oil company posted Sunday a 90% jump in quarterly profit on the back of high oil prices, generating billions of dollars in cash that is infusing fresh momentum into the k...
Affirm CEO Says Next Recession Will Silence Fintech Lender’s Doubters
Max Levchin says the market is wrong about Affirm Holdings Inc., the buy now, pay later company he co-founded a decade ago. It might just take a recession to prove it. Affirm stock is down 77% since h...
Rivian shares rise on second-quarter results: ‘The ball is finally rolling’ for the EV maker, says analyst
Shares of Rivian Automotive Inc. RIVN, -0.13% gained more than 3% in morning trading Friday, as analysts were generally upbeat about the electric vehicle maker’s second-quarter results. Late Thursday,...
Coinbase Is Looking Like a Meme Stock. Watch Out, Shorts.
Text size Coinbase is in a tug of war between crypto bulls and bears. Samyukta Lakshmi/Bloomberg Coinbase Global trades like a side bet on Bitcoin. Lately, though, shares of the crypto brokerage have ...
Nvidia, Tesla, Disney: Stocks That Defined the Week
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Illumina stock tanks as gene-sequencing company misses expectations and issues bleak outlook
Illumina Inc. shares sank 20% after hours Thursday after the gene-sequencing company swung to a loss in the second quarter, fell short of revenue expectations and revised its full-year outlook downwar...
3 Drug Companies Fall on Zantac Lawsuit Fears. It Shows the Power of Analysts.
Shares of Sanofi , GSK , and Haleon fell for the second straight trading session Thursday on surging worries about litigation over Zantac, a heartburn drug that the Food and Drug Administration effec...
Carlyle Group Loses Another Executive. What Wall Street Is Saying.
Text size Carlyle Group stock rose alongside broader markets Wednesday, despite leadership changes. Keith Bedford/REUTERS/Alamy Management changes at Carlyle Group continued Wednesday, as the company ...
Carlyle Group Loses Another Executive. Here’s What Wall Street Is Saying.
Text size Carlyle Group stock rose alongside broader markets Wednesday, despite leadership changes. Keith Bedford/REUTERS/Alamy Management changes at Carlyle Group continued Wednesday, as the company ...
10 Stocks That Should Shine in a 2023 Recession: Citi
As the risk of a recession draws nearer, Citi group has produced a screen of 30 stocks to help investors find opportunities during the second half of 2022. Stocks have rebounded in recent weeks with ...
GoodRx Stock Gives Back Gain as Analysts Fret Over Problem With Grocer
Text size GoodRx revoked its financial guidance in May and has yet to restore it. Courtesy GoodRx GoodRx stock briefly soared as investors welcomed news that the provider of pharmacy discount cards h...
Roblox stock plunges 15% as key sales metric unexpectedly declines again
Roblox Corp. shares plunged in extended trading Tuesday after the videogame company said that a key sales metric unexpectedly declined for the second quarter in a row. Roblox RBLX, -3.17% reported a s...
Trade Desk stock shoots 15% higher as ad-tech powerhouse’s sales, forecast top expectations
Trade Desk Inc. reported stronger-than-expected sales and guidance Tuesday amid doubts about the online-advertising industry, sending shares 15% higher in extended trading. Trade Desk TTD, -0.86% repo...
Avaya stock plunges toward record low after WSJ report that $600 million debt deal soured
A $600 million debt deal arranged for beleaguered business communication company Avaya Holdings Corp. quickly went bad, according to The Wall Street Journal. The WSJ reported Tuesday that Goldman Sach...
10 Stocks That Should Shine in a 2023 Recession, Citi Says
As the risk of a recession draws nearer, Citi group has produced a screen of 30 stocks to help investors find opportunities during the second half of 2022. Stocks have rebounded in recent weeks with ...
Carvana rivals’ stocks plunge after earnings
While Carvana Inc. shares soared despite weaker-than-expected financial results last week, two of the online car-seller’s smaller rivals were not as fortunate Monday. CarGurus Inc. CARG, +0.12% and Vr...
Core Scientific reports increased bitcoin production in July despite disruptions
Core Scientific, a cryptocurrency mining firm, has reported that its mining operations generated 1221 bitcoin in July. The BTC produced during the month was higher than the previous months despite the...
Uber, Boeing, Warner Bros. Discovery: Stocks That Defined the Week
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Fuel cell-powered truck maker Hyzon’s stock suffers record plunge after accounting questions raise delisting fears
Shares of Hyzon Motors Inc. were suffering a record plunge toward a record low Friday, after the maker of fuel cell-powered trucks disclosed a “myriad of issues,” including accounting regularities tha...
Virgin Galactic Stock Tumbles as Commercial Service Again Delayed
Text size Courtesy Virgin Galactic Shares of Virgin Galactic were tumbling Friday after the space tourism company pushed back the launch of commercial service to the second quarter of 2023. Virgin Gal...
Warner Bros Discovery Had an Ugly Quarter. It’s Combining HBO Max and Discovery+.
In its first quarter as a combined company, Warner Bros. Discovery missed Wall Street’s estimates across the board, saw streaming subscriber growth slow, and watched its leverage rise. Warner Bros. Di...
FuboTV shares rally 23% after company shows double-digit revenue growth
Shares of streaming platform FuboTV Inc. FUBO, +1.71% were trading higher in Thursday’s after-hours market, following the release of second-quarter financial results which showed the company’s North A...
Zillow is almost done selling homes, but stock slumps as the hard part is still to come
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...
Coinbase Has Rallied 90% This Week. Could This Be Another GameStop Moment?
Text size Brian Armstrong, chief executive and co-founder, Coinbase (Photo by PATRICK T. FALLON/AFP via Getty Images) Shares in beaten-down cryptocurrency exchange Coinbase Global have torn higher thi...
AMTD Digital is worth more than 480 of the S&P 500 companies after stock rockets over 3,000% in 7 days
Early investors in AMTD Digital Inc. have basically won the lottery, as the Hong Kong-based digital business developer’s stock has zoomed 3,165% higher over the past seven days. The stock HKD, -30.89%...
Airbnb Stock Falls. Wall Street Hoped for More From Earnings.
Text size Airbnb earned $379 million in the second quarter, reversing a loss of $19 million in the first quarter. Dreamstime Airbnb shares are trading sharply lower in late trading Tuesday after the s...
Airbnb stock falls sharply despite earnings beat, plan to repurchase $2 billion in stock
Airbnb Inc. said Tuesday that it had its first profitable second quarter as a public company, and that it is so confident in its business that it is buying back $2 billion of its stock. “Our Q2 result...
PayPal stock jumps 12% as company confirms Elliott stake and names EA exec as new CFO amid earnings beat
After seeing its shares lose roughly two-thirds of their value in the past year, PayPal Holdings Inc. delivered a packed earnings report Tuesday, announcing a new chief financial officer, buyback auth...
BP Stock Surges After Energy Giant Records $8.5 Billion Quarterly Profit
Text size BP reported second-quarter adjusted profit of $8.5 billion as it benefited from soaring energy prices. Getty Images BP is the latest oil supermajor to post its most profitable quarter in yea...
PayPal Shares Have Taken a Beating. Why They’re Worth a Look.
Text size As of the close of the first quarter, PayPal had 429 million active accounts, marking a 9% year-over-year increase. Justin Sullivan/Getty Images Cautious optimism is the approach analysts ar...
4 Reasons Apple Stock Just Got Upgraded
Apple stock was upgraded at Credit Suisse. Photo by Chip Somodevilla/Getty Images Text size Apple stock has been on a tear of late, and that means it’s time for its shares to get upgraded. In a report...