Text size An AMC box office. Jeenah Moon/Bloomberg The largest public pension in America loaded up a high-profile meme stock, and tech stocks, and cut back on a streaming giant before the shares went ...
Tag: Disruptions
Binance Warns Of More Terra Disruptions As Withdrawals Skyrocket
Binance, the world’s largest crypto exchange, warned on Thursday that trading Terra on its platform will be prone to disruptions. The exchange cited surging withdrawal requests for LUNA, which have co...
Beyond Meat’s stock slides 20% on weak sales, heads lower than IPO price for first time
Beyond Meat Inc.’s not-so-good 2022 took an ugly turn for the worse Wednesday with quarterly results that lacked sizzle. The maker of plant-based meat products BYND, -13.83% reported a net loss of $10...
Rivian’s Earnings Missed Forecasts. Why the Stock Is Up.
Text size Electric-vehicle maker Rivian went public in November. Courtesy Rivian Electric-truck start-up Rivian Automotive missed first-quarter estimates. Shares are up, anyway, because the report was...
Rivian stock dives into record-low territory after Ford disclosed it sold more than $200 million worth of shares
Ford Motor Co. showed how the early bird gets the worm, as the automaker would have raised a lot less from the sale of Rivian Automotive Inc. shares if it waited for the opening bell to start selling....
Coinbase Stock Keeps Sliding After Earnings Report
The biggest cryptocurrency exchange in the U.S. said it was bleeding users, reflecting continued destruction in the crypto market and investors’ unease about risky assets. Coinbase Global Inc. COIN -1...
Coinbase Earnings Reveal Large Loss, Sink Stock
Text size Coinbase reported a loss of $1.98 a share on sales of $1.165 billion. Michael Nagle/Bloomberg Coinbase Global stock was tumbling after the Bitcoin broker reported a larger-than-expected loss...
Here’s Why Philip Morris’ Potential Offer for Swedish Match Is Bad for Altria Stock
Text size Philip Morris is in ongoing talks to acquire Swedish Match, the maker of smoke-free tobacco products. Fabrice Coffini/AFP via Getty Images Philip Morris‘ potential acquisition of Swedish Mat...
SoFi Stock Tumbles as Earnings Published Ahead of Schedule
Text size Dreamstime SoFi Technologies stock has resumed trading after formally releasing the earnings that had been released early by Bloomberg. The earnings weren’t supposed to arrive until after th...
Upstart stock plunges 46% after earnings as company cuts outlook
Shares of Upstart Holdings Inc. plunged 46% in after-hours trading Monday after the company cut its forecast for the full year, warning that the current macroeconomic climate is expected to weigh on l...
Coinbase shares plunge almost 80% from November high, amid selloffs of crypto stocks and funds
Shares of crypto-related companies and funds ended sharply lower Monday, with Coinbase’s shares finishing at the lowest level in history, as both bitcoin and major U.S. stock indexes finished at multi...
Virgin Galactic Stock Is Tumbling. Here’s What’s Troubling Analysts.
Text size Truist Securities downgraded Virgin Galactic stock to Hold from Buy. Courtesy Virgin Galactic Virgin Galactic Holdings Virgin Galactic Holdings stock continues to slide on Monday after Truis...
Giant Pension Bought AMD, Tilray, Uber, and Petrobras Stock
Text size An AMD EPYC processor. Courtesy AMD New Jersey’s state pension materially increased investments in some of its larger positions. State of New Jersey Common Pension Fund D, the pension’s larg...
Oil Markets Are Bracing For Further Supply Disruptions
Oil markets are once again on edge about potential supply disruptions. The continued efforts by the EU to ban Russian oil imports and the renewed efforts by the U.S. Senate to pass the NOPEC bill woul...
FAA to boost Florida air traffic controllers, work with airlines to avoid disruptions
American Airline planes sit on the tarmac at Miami International Airport (MIA) in Miami, Florida, on February 2, 2022. Daniel Slim | AFP | Getty Images The Federal Aviation Administration said Wednesd...
Shopify’s Earnings Are Coming. What to Expect.
Text size Fears about inflation and weakening e-commerce trends have weighed on Shopify shares. Dreamstime Amazon.com ’s weaker-than-expected e-commerce results dampened expectations for Shopify’s own...
Lyft stock plunges 26% after forecast, rider numbers come up short
Lyft Inc. said Tuesday that it had a better-than-expected first quarter, with Chief Executive Logan Green saying ride-hailing volumes hit “a new COVID high,” but shares plunged after executives’ forec...
Uber moves up earnings report after Lyft forecast sends stock into a slump
After Lyft Inc.’s financial results sent Uber Technologies Inc. shares into a spiral late Tuesday, Uber announced executives would move up the time of their own earnings announcement. Lyft LYFT, -2.35...
Expedia Stock Falls Sharply Even as It Sees a ‘Robust’ Summer Recovery
Text size Expedia’s CEO says the company is ‘feeling very good about a summer recovery that should be very robust.’ Dreamstime Expedia was falling sharply Tuesday even after revenue ...
‘You don’t want to own bonds and stocks’ in this environment: Paul Tudor Jones
“‘You can’t think of a worse environment than where we are right now for financial assets…Clearly you don’t want to own bonds and stocks.’” — Paul Tudor Jones, Tudor Investment Corp. That cheery concl...
Jeff Bezos Is Worried About Tech Valuations, and It’s Weighing on Amazon Stock
Text size Jeff Bezos has given investors new reason to worry about the valuations of tech stocks. David Ryder/Getty Images Technology investors hoping for a quick rebound to new highs may be in for a ...
Chegg stock plummets toward lowest price in 4 years after annual forecast chopped
Chegg Inc. shares plunged toward their lowest price in four years Monday afternoon, after the online-education company slashed an annual forecast provided three months ago. Chegg CHGG, +0.97% righted ...
Redbox stock surge continues, but don’t call it a short squeeze
Shares of Redbox Entertainment Inc. were continuing their massive surge Monday, which analysts saw as reflective of increased investor comfort in the wake of recent financing announcements as well as ...
Rivian’s IPO Lockup Is Almost Over. Here’s What that Means for the Stock.
Text size Door panels for the R1T, Rivian’s electric pickup truck, are ready for installation on the trim line. Courtesy Rivian Rivian Automotive investors have been dealing with a lot lately. S...
Grubhub Owner Jet Could See Broader Engine Failure
Grubhub owner Just Eat Takeaway.com’s TKWY 3.87% share price fell nearly 70% over the past year. Trimming the fat might not help in the long run. The European food-delivery giant said in April it woul...
For Exxon and Chevron, profit misses could create a buying opportunity
Mixed quarterly results dragged shares of Exxon Mobil Corp. and Chevron Corp. lower on Friday, although Wall Street kept Chevron stock among its top energy picks and predicted more upside for Exxon sh...
Amazon’s price targets are slashed and stock sinks after first quarterly loss in seven years
Amazon.com Inc. shares sank more than 12% in Friday trading after the e-commerce and tech giant reported its first quarterly loss in seven years. Amazon AMZN, -14.05% fell to the lowest level since Ju...
AbbVie Shares Drop Amid Missed Sales Expectations for Key Drugs
Text size AbbVie stock is up 15.4% so far this year. Courtesy of AbbVie In a quarterly earnings report out Friday, the drugmaker AbbVie cut its full-year earnings guidance, and a number of its key dru...
Netflix Sent Warner Bros. Discovery Stock for a Dive. Execs Bought Up Shares.
Text size David Zaslav, president and CEO of Warner Bros. Discovery. Patrick T. Fallon/Bloomberg Warner Bros. Discovery stock has tumbled in the short time the company was formed from the merger of AT...
Stock of SPAC buying Truth Social jumps after Trump posts for first time in months
Shares of Digital World Acquisition Corp., the special purpose acquisition company that is buying the company behind Donald Trump’s Truth Social, soared in after-hours trading Thursday after Trump pos...
Intel stock declines as chip maker doubles down on outlook despite headwinds
Intel Corp. shares declined in the extended session Thursday after the chip maker held onto its full-year outlook amid expected weakness this quarter, forecasting a surge in sales from its major busin...
Microsoft Stock Pullback ‘Major Buying Opportunity,’ Analyst Says
Text size Tigress Financial’s Ivan Feinseth says Microsoft stock has plenty of potential to gain. Lisa Maree Williams/Getty Images Investors are missing the point on Microsoft as growth in the c...