Text size Polestar CEO Thomas Ingenlath with the Precept concept car. Polestar photo Polestar, the electric-vehicle start-up born from Volvo, has a new SUV model. The news likely will give shares of t...
Tag: Disruptions
May Sales At China Billionaire’s Geely Auto Drop 7% Amid Lockdown Disruptions; EVs Gain
Geely Auto is controlled by China billionaire Li Shufu. (Photo by Zhang Peng/LightRocket via Getty … [+] Images) LightRocket via Getty Images Geely Automobile Holdings, a China automaker control...
Short sellers raise bets against GameStop and AMC to highest level in a year as Wall Street sees more pain ahead
Investors are once again working up the fortitude to bet against GameStop and AMC roughly 18 months after last January’s infamous “meme stock” short squeeze sent GameStop shares surging more than 1,00...
Okta stock rally shifts into overdrive following hiked outlook as other software companies trim theirs
Okta Inc. shares rallied in the extended session Thursday, adding to gains in the regular session after the identity-management services company reported better-than-expected results and, unlike some ...
Brian Moynihan dismisses Jamie Dimon’s warning on the economy: ‘You’ve got hurricanes that come every year.’
Jamie Dimon, the JPMorgan Chase JPM, +0.50% chairman and chief executive, got everyone’s attention when he warned there’s an economic hurricane coming, from rate hikes, the war in Ukraine and inflatio...
Google investors shoot down racial-equity audit while approving stock split
Alphabet Inc. investors rejected 17 shareholder proposals at the Google parent company’s annual meeting Wednesday, including a racial-equity audit, but approved a company proposal to increase the shar...
Yamana Gold Stock Surges on $6.7 Billion Gold Fields Deal
Text size Yamana Gold holders would receive 0.6 Gold Fields share for each share outstanding under terms of the proposed takeover. David Gray/AFP/Getty Images Yamana Gold stock surged on Tuesday after...
Al Gore’s Firm Bought Alibaba Stock and Salesforce. It Sold Cisco, Microsoft.
Text size Former Vice President Al Gore in 2019. Scott Heins/Getty Images The investment firm co-founded and chaired by former Vice President Al Gore has made big changes in its U.S.-traded investment...
Alibaba Stock Is Rallying After China Moves to Ease Lockdown Measures
Text size Alibaba stock had a terrible 2021, and 2022 isn’t shaping up very well, either. Qilai Shen/Bloomberg Shares in Alibaba , JD.com , NIO , and other Chinese companies surged on Monday fol...
Citigroup Stock Just Got Downgraded Because Shares Might Have Peaked
Text size Citigroup shares are down more than 10% so far in 2022 Mario Tama/Getty Images Citigroup was downgraded by Credit Suisse after the stock’s recent rise on the view that it won’t go much highe...
Performance during supply chain disruptions
Virgin Orbit’s modified 747 jet “Cosmic Girl” releases the company’s LauncherOne rocket for a mission on January 13, 2022. Virgin Orbit Space companies reported results for the...
Rivian Might Be Shaking Up Management. That Isn’t Why Investors Are Excited.
Text size Rivian stock has been rebounding after taking a beating for most of the month. Justin Sullivan/Getty Images Rivian Automotive is shaking up its production plans and management. “We have upda...
Twitter’s stock falls below where Elon Musk bought it, turning a $1.1 billion profit into a $40 million loss
Easy come, easy go, as shares of Twitter Inc. fell below where Elon Musk bought it, wiping out more than $1.1 billion in gains in four weeks. The social-media company’s stock TWTR, -5.55% sank 6.0% in...
Opinion: Snap’s warning of a weaker outlook sends ripples through tech stocks
An unexpected warning about the deteriorating economy by Snap Inc. Chief Executive Evan Spiegel rippled through internet and social-media stocks late Monday, potentially ruining the market’s comeback ...
Five Things to Know About Broadcom’s Potential Deal for VMware
Text size Broadcom stock slipped in response to news of the possible deal. Justin Sullivan/Getty Images Broadcom ’s expected acquisition of cloud computing provider VMware will likely rank as one of t...
Snap stock falls 30% after Snapchat parent says it will miss estimates due to deteriorating economy
Snap Inc. stock fell more than 30% in the extended session Monday after the Snapchat parent said it likely will miss quarterly estimates as the economy has “deteriorated further and faster than antici...
Monkeypox cases are driving up stock prices for these companies
Growing concern about the emergence of monkeypox in Europe and the U.S. has sent shares of several vaccine and drug companies soaring. Though infections are rarely reported outside of Central and West...
NIO Has Good News for Tesla. Production Is Recovering After Covid-19 Lockdowns.
Text size Shares of electric-vehicle maker NIO are down 25% since the end of March. Lintao Zhang/Getty Images Chinese Covid-19 lockdowns have hurt electric-vehicle sales and production since late Marc...
Robinhood and 4 Other Broken IPO Stocks That Could Be Buys
After a bubbly year for initial public offerings, 2022 looks like a bust. Shares of many companies that came public last year are down 80% or more from their peaks. “This is the IPO market’s worst sel...
Tesla stock’s very bad week gets worse after the allegations against Musk
Tesla Inc. shares closed at their lowest since late July, falling more than 6% on Friday following the allegations of sexual misconduct lobbed against Chief Executive Elon Musk. Tesla TSLA, -6.42% sto...
Tesla Loses Top Spot in Cathie Wood’s Flagship Fund. Roku Is the New No. 1.
Cathie Wood, founder of ARK Invest, speaks during the Milken Institute Global Conference in California. Patrick T. Fallon/AFP/Getty Images Text size ARK Invest founder Cathie Wood is a long-time Tesla...
Here’s the real reason the stock market is coming unglued — and it isn’t because of weak earnings
An earnings recession is not the biggest threat facing the stock market right now. That may seem a curious assertion to make in a week in which the largest retailers are reporting disappointing earnin...
Starbucks CEO Howard Schultz Buys More of the Stock
Text size Starbucks stock has seen pressure from the pandemic, supply-chain disruptions, and unionization efforts. CEO Howard Schultz has been buying shares. Michael Nagle/Bloomberg Howard Schultz isn...
Warren Buffett’s Berkshire Hathaway Is Taking a $30 Billion Hit on Apple
Text size Apple makes up 40% of Berkshire Hathaway’s equity portfolio. Dreamstime Warren Buffett loves Apple , but Berkshire Hathaway’s big holding in the iPhone maker is hurting: Apple shares a...
Boeing Sells 50 737 MAX Jets to IAG at Discount
Text size A Boeing 737 MAX 10 airliner. Ellen Banner-Pool/Getty Images International Consolidated Airlines Group said it has ordered 50 Boeing 737 MAX jets, with options for a further 100 aircraft at ...
‘We did not have a plan for a country to shut down’ — Cisco stock plunges 13% as China lockdown affects supply and outlook
Cisco Systems Inc. shares plunged in the extended session Wednesday after the tech bellwether’s revenue forecast came up more than $1 billion short of Wall Street expectations, which executives blamed...
Why Is the Stock Market Down Today? Dow Slides and Target Tumbles.
Traders on the floor of the New York Stock Exchange last week. The Dow Jones Industrial Average had its worst day since 2020 on Wednesday. Photo by Spencer Platt/Getty Images Text size Sometimes it ta...
Evidence of Nosedive Suggests Boeing Not at Fault in China Eastern Crash
Text size A passenger stands inside a terminal in front of a China Eastern plane at Shanghai Hongqiao International Airport. Qilai Shen/Bloomberg Boeing shares rose on news that the tragic crash of a ...
Rivian CEO Bought Stock in the EV Start-Up. The Shares Are Rising.
Text size CEO R.J. Scaringe’s recent purchase means he owns about 4.5 million shares of Rivian stock. Courtesy of Rivian Rivian ’s CEO R.J. Scaringe stepped up and bought the dip in his company’...
10 Battered Tech Stocks Advisors Should Consider for Clients
Any investors who bought the best tech stocks in the depths of despair in 2009 made multiples of the return of the Nasdaq Composite Index in the 13 years since. Shares of one tech legend, Salesforce ...
Switzerland’s Central Bank Bought Apple, AMC, Tesla, and Rivian Stock
Text size Apple stock is holding up better than the broader market. Gabby Jones/Bloomberg The central bank of Switzerland increased positions in some of its largest U.S.-traded equity investments in t...
Apple stock to suffer first ‘death cross’ chart pattern since the pandemic
Apple Inc.’s stock has fallen far enough and for long enough to produce a certain ominous-sounding bearish chart pattern should didn’t appear during the short COVID-19-induced bear-market selloff of e...